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Side-by-side financial comparison of INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM) and Village Farms International, Inc. (VFF). Click either name above to swap in a different company.
Village Farms International, Inc. is the larger business by last-quarter revenue ($12.2M vs $6.1M, roughly 2.0× INTELLIGENT PROTECTION MANAGEMENT CORP.). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs 31.5%).
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.
Grafton Village Cheese Company is a cheesemaker in the town of Grafton in the U.S. state of Vermont. The company produces hand-crafted aged cheddar cheese.
IPM vs VFF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.1M | $12.2M |
| Net Profit | — | $2.4M |
| Gross Margin | 53.1% | — |
| Operating Margin | -13.4% | — |
| Net Margin | — | 19.9% |
| Revenue YoY | 2091.6% | 31.5% |
| Net Profit YoY | — | 128.2% |
| EPS (diluted) | $-0.05 | $0.01 |
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 | $12.2M | ||
| Q3 25 | $6.2M | $66.7M | ||
| Q2 25 | $5.7M | $59.9M | ||
| Q1 25 | $5.5M | $77.1M | ||
| Q3 24 | — | $54.9M | ||
| Q2 24 | — | $53.6M | ||
| Q1 24 | — | $78.1M | ||
| Q4 23 | $-7.3M | $-48.3M |
| Q4 25 | — | $2.4M | ||
| Q3 25 | $-1.1M | $10.2M | ||
| Q2 25 | $-1.1M | $26.5M | ||
| Q1 25 | $808.5K | $-6.7M | ||
| Q3 24 | — | $-820.0K | ||
| Q2 24 | — | $-23.5M | ||
| Q1 24 | — | $-2.9M | ||
| Q4 23 | — | $-25.5M |
| Q4 25 | 53.1% | — | ||
| Q3 25 | 50.7% | 47.9% | ||
| Q2 25 | 50.1% | 37.3% | ||
| Q1 25 | 55.3% | 14.7% | ||
| Q3 24 | — | 24.8% | ||
| Q2 24 | — | 25.4% | ||
| Q1 24 | — | 19.9% | ||
| Q4 23 | — | — |
| Q4 25 | -13.4% | — | ||
| Q3 25 | -23.0% | 23.3% | ||
| Q2 25 | -19.7% | 20.8% | ||
| Q1 25 | -24.2% | -8.0% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | -43.5% | ||
| Q1 24 | — | -3.0% | ||
| Q4 23 | — | — |
| Q4 25 | — | 19.9% | ||
| Q3 25 | -17.4% | 15.3% | ||
| Q2 25 | -18.3% | 44.2% | ||
| Q1 25 | 14.7% | -8.7% | ||
| Q3 24 | — | -1.5% | ||
| Q2 24 | — | -43.9% | ||
| Q1 24 | — | -3.7% | ||
| Q4 23 | — | 52.8% |
| Q4 25 | $-0.05 | $0.01 | ||
| Q3 25 | $-0.08 | $0.08 | ||
| Q2 25 | $-0.08 | $0.24 | ||
| Q1 25 | $0.06 | $-0.06 | ||
| Q3 24 | — | $-0.01 | ||
| Q2 24 | — | $-0.21 | ||
| Q1 24 | — | $-0.03 | ||
| Q4 23 | $-0.03 | $-0.24 |
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 | $81.2M |
| Total DebtLower is stronger | — | $33.7M |
| Stockholders' EquityBook value | $18.2M | $299.9M |
| Total Assets | $26.0M | $423.1M |
| Debt / EquityLower = less leverage | — | 0.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.6M | $81.2M | ||
| Q3 25 | $7.3M | $82.6M | ||
| Q2 25 | $7.3M | $60.0M | ||
| Q1 25 | $9.7M | $15.1M | ||
| Q3 24 | — | $28.7M | ||
| Q2 24 | — | $29.7M | ||
| Q1 24 | — | $26.7M | ||
| Q4 23 | $13.6M | $30.3M |
| Q4 25 | — | $33.7M | ||
| Q3 25 | — | $34.6M | ||
| Q2 25 | — | $39.1M | ||
| Q1 25 | — | $39.2M | ||
| Q3 24 | — | $43.3M | ||
| Q2 24 | — | $44.4M | ||
| Q1 24 | — | $46.1M | ||
| Q4 23 | — | $48.1M |
| Q4 25 | $18.2M | $299.9M | ||
| Q3 25 | $18.8M | $295.4M | ||
| Q2 25 | $19.9M | $284.3M | ||
| Q1 25 | $21.1M | $248.3M | ||
| Q3 24 | — | $274.4M | ||
| Q2 24 | — | $275.2M | ||
| Q1 24 | — | $296.2M | ||
| Q4 23 | $20.1M | $299.6M |
| Q4 25 | $26.0M | $423.1M | ||
| Q3 25 | $27.2M | $418.4M | ||
| Q2 25 | $29.8M | $403.7M | ||
| Q1 25 | $31.1M | $377.1M | ||
| Q3 24 | — | $417.8M | ||
| Q2 24 | — | $425.4M | ||
| Q1 24 | — | $458.4M | ||
| Q4 23 | $23.9M | $464.0M |
| Q4 25 | — | 0.11× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | 0.16× | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | 0.16× | ||
| Q4 23 | — | 0.16× |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 90.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $87.6K | — | ||
| Q3 25 | $133.0K | $24.4M | ||
| Q2 25 | $-888.7K | — | ||
| Q1 25 | $1.7M | $-6.4M | ||
| Q3 24 | — | $4.3M | ||
| Q2 24 | — | $5.7M | ||
| Q1 24 | — | $-50.0K | ||
| Q4 23 | $-99.0K | $-1.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $22.6M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-8.9M | ||
| Q3 24 | — | $1.5M | ||
| Q2 24 | — | $4.8M | ||
| Q1 24 | — | $-1.9M | ||
| Q4 23 | — | $-2.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | 33.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -11.6% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 9.0% | ||
| Q1 24 | — | -2.5% | ||
| Q4 23 | — | 4.6% |
| Q4 25 | — | 90.8% | ||
| Q3 25 | 0.0% | 2.7% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | — | 3.3% | ||
| Q3 24 | — | 5.1% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | — | 2.4% | ||
| Q4 23 | — | -1.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.39× | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.16× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
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% |
VFF
| International Sales | $8.7M | 71% |
| Cannabis United States Segment | $3.4M | 27% |
