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Side-by-side financial comparison of INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM) and Tonix Pharmaceuticals Holding Corp. (TNXP). Click either name above to swap in a different company.
INTELLIGENT PROTECTION MANAGEMENT CORP. is the larger business by last-quarter revenue ($6.1M vs $5.4M, roughly 1.1× Tonix Pharmaceuticals Holding Corp.). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs 108.8%). Over the past eight quarters, INTELLIGENT PROTECTION MANAGEMENT CORP.'s revenue compounded faster (54.7% CAGR vs 47.4%).
Intelligent Limited is a Holding Company and Parent company headquartered in Gloucestershire, United Kingdom and was incorporated on 21 May 2008. Intelligent Limited provides a group management structure for four companies and was born out of the operations of International Intelligence Limited, a company specialising in Intelligence, Counter Espionage and TSCM sweeping.
Tonix Pharmaceuticals is a pharmaceutical company based in Chatham, New Jersey that focuses on repurposed drugs for central nervous system conditions and as of 2020 was also pursuing a vaccine for COVID-19 and a biodefense project.
IPM vs TNXP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.1M | $5.4M |
| Net Profit | — | $-46.9M |
| Gross Margin | 53.1% | 80.4% |
| Operating Margin | -13.4% | -895.8% |
| Net Margin | — | -870.3% |
| Revenue YoY | 2091.6% | 108.8% |
| Net Profit YoY | — | -112.2% |
| EPS (diluted) | $-0.05 | $-4.28 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $6.1M | $5.4M | ||
| Q3 25 | $6.2M | $3.3M | ||
| Q2 25 | $5.7M | $2.0M | ||
| Q1 25 | $5.5M | $2.4M | ||
| Q4 24 | — | $2.6M | ||
| Q3 24 | — | $2.8M | ||
| Q2 24 | — | $2.2M | ||
| Q1 24 | — | $2.5M |
| Q4 25 | — | $-46.9M | ||
| Q3 25 | $-1.1M | $-32.0M | ||
| Q2 25 | $-1.1M | $-28.3M | ||
| Q1 25 | $808.5K | $-16.8M | ||
| Q4 24 | — | $-22.1M | ||
| Q3 24 | — | $-14.2M | ||
| Q2 24 | — | $-78.8M | ||
| Q1 24 | — | $-14.9M |
| Q4 25 | 53.1% | 80.4% | ||
| Q3 25 | 50.7% | 58.4% | ||
| Q2 25 | 50.1% | -63.8% | ||
| Q1 25 | 55.3% | 61.2% | ||
| Q4 24 | — | 54.2% | ||
| Q3 24 | — | 44.9% | ||
| Q2 24 | — | -52.5% | ||
| Q1 24 | — | 33.1% |
| Q4 25 | -13.4% | -895.8% | ||
| Q3 25 | -23.0% | -1005.1% | ||
| Q2 25 | -19.7% | -1416.2% | ||
| Q1 25 | -24.2% | -660.9% | ||
| Q4 24 | — | -870.6% | ||
| Q3 24 | — | -551.2% | ||
| Q2 24 | — | -3501.6% | ||
| Q1 24 | — | -860.2% |
| Q4 25 | — | -870.3% | ||
| Q3 25 | -17.4% | -972.9% | ||
| Q2 25 | -18.3% | -1415.0% | ||
| Q1 25 | 14.7% | -692.8% | ||
| Q4 24 | — | -856.2% | ||
| Q3 24 | — | -503.6% | ||
| Q2 24 | — | -3567.8% | ||
| Q1 24 | — | -601.9% |
| Q4 25 | $-0.05 | $-4.28 | ||
| Q3 25 | $-0.08 | $-3.59 | ||
| Q2 25 | $-0.08 | $-3.86 | ||
| Q1 25 | $0.06 | $-2.84 | ||
| Q4 24 | — | $2302.65 | ||
| Q3 24 | — | $-22.68 | ||
| Q2 24 | — | $-1920.85 | ||
| Q1 24 | — | $-535.72 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $5.6M | $207.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $18.2M | $245.2M |
| Total Assets | $26.0M | $277.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.6M | $207.6M | ||
| Q3 25 | $7.3M | $190.1M | ||
| Q2 25 | $7.3M | $125.3M | ||
| Q1 25 | $9.7M | $131.7M | ||
| Q4 24 | — | $98.8M | ||
| Q3 24 | — | $28.2M | ||
| Q2 24 | — | $4.2M | ||
| Q1 24 | — | $7.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $8.7M | ||
| Q3 24 | — | $9.4M | ||
| Q2 24 | — | $10.1M | ||
| Q1 24 | — | $10.8M |
| Q4 25 | $18.2M | $245.2M | ||
| Q3 25 | $18.8M | $231.1M | ||
| Q2 25 | $19.9M | $168.0M | ||
| Q1 25 | $21.1M | $180.4M | ||
| Q4 24 | — | $139.6M | ||
| Q3 24 | — | $74.2M | ||
| Q2 24 | — | $42.1M | ||
| Q1 24 | — | $108.1M |
| Q4 25 | $26.0M | $277.2M | ||
| Q3 25 | $27.2M | $252.4M | ||
| Q2 25 | $29.8M | $187.4M | ||
| Q1 25 | $31.1M | $192.9M | ||
| Q4 24 | — | $162.9M | ||
| Q3 24 | — | $95.0M | ||
| Q2 24 | — | $70.3M | ||
| Q1 24 | — | $135.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.06× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.24× | ||
| Q1 24 | — | 0.10× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $87.6K | $-39.6M |
| Free Cash FlowOCF − Capex | — | $-41.5M |
| FCF MarginFCF / Revenue | — | -770.4% |
| Capex IntensityCapex / Revenue | — | 34.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-103.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $87.6K | $-39.6M | ||
| Q3 25 | $133.0K | $-28.8M | ||
| Q2 25 | $-888.7K | $-14.8M | ||
| Q1 25 | $1.7M | $-16.6M | ||
| Q4 24 | — | $-14.6M | ||
| Q3 24 | — | $-18.8M | ||
| Q2 24 | — | $-9.9M | ||
| Q1 24 | — | $-17.6M |
| Q4 25 | — | $-41.5M | ||
| Q3 25 | — | $-29.7M | ||
| Q2 25 | — | $-15.4M | ||
| Q1 25 | — | $-16.6M | ||
| Q4 24 | — | $-14.6M | ||
| Q3 24 | — | $-18.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $-17.7M |
| Q4 25 | — | -770.4% | ||
| Q3 25 | — | -904.1% | ||
| Q2 25 | — | -768.8% | ||
| Q1 25 | — | -682.8% | ||
| Q4 24 | — | -566.7% | ||
| Q3 24 | — | -666.5% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -712.4% |
| Q4 25 | — | 34.8% | ||
| Q3 25 | 0.0% | 29.2% | ||
| Q2 25 | — | 26.4% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 4.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.16× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IPM
| Procurement Revenue | $5.4M | 88% |
| Other | $743.9K | 12% |
TNXP
| Zembrace Symtouch | $3.1M | 58% |
| Other | $2.3M | 42% |
