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Side-by-side financial comparison of INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM) and Verastem, Inc. (VSTM). Click either name above to swap in a different company.

Verastem, Inc. is the larger business by last-quarter revenue ($11.2M vs $6.1M, roughly 1.8× INTELLIGENT PROTECTION MANAGEMENT CORP.).

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.

Verastem, Inc., doing business as Verastem Oncology, is an American pharmaceutical company that develops medicines to treat certain cancers. Headquartered and founded in Boston, Massachusetts, the firm is a member of NASDAQ Biotechnology Index.

IPM vs VSTM — Head-to-Head

Bigger by revenue
VSTM
VSTM
1.8× larger
VSTM
$11.2M
$6.1M
IPM

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
IPM
IPM
VSTM
VSTM
Revenue
$6.1M
$11.2M
Net Profit
$-98.5M
Gross Margin
53.1%
Operating Margin
-13.4%
-362.2%
Net Margin
-876.3%
Revenue YoY
2091.6%
Net Profit YoY
-311.1%
EPS (diluted)
$-0.05
$-1.35

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.

Revenue
IPM
IPM
VSTM
VSTM
Q4 25
$6.1M
Q3 25
$6.2M
$11.2M
Q2 25
$5.7M
$2.1M
Q1 25
$5.5M
Q3 24
$0
Q2 24
$10.0M
Q4 23
$-7.3M
Q3 23
$2.8M
Net Profit
IPM
IPM
VSTM
VSTM
Q4 25
Q3 25
$-1.1M
$-98.5M
Q2 25
$-1.1M
$-25.9M
Q1 25
$808.5K
Q3 24
$-24.0M
Q2 24
$-8.3M
Q4 23
Q3 23
$-181.6K
Gross Margin
IPM
IPM
VSTM
VSTM
Q4 25
53.1%
Q3 25
50.7%
Q2 25
50.1%
Q1 25
55.3%
Q3 24
Q2 24
Q4 23
Q3 23
70.1%
Operating Margin
IPM
IPM
VSTM
VSTM
Q4 25
-13.4%
Q3 25
-23.0%
-362.2%
Q2 25
-19.7%
-2047.9%
Q1 25
-24.2%
Q3 24
Q2 24
-182.8%
Q4 23
Q3 23
-14.1%
Net Margin
IPM
IPM
VSTM
VSTM
Q4 25
Q3 25
-17.4%
-876.3%
Q2 25
-18.3%
-1213.6%
Q1 25
14.7%
Q3 24
Q2 24
-82.6%
Q4 23
Q3 23
-6.6%
EPS (diluted)
IPM
IPM
VSTM
VSTM
Q4 25
$-0.05
Q3 25
$-0.08
$-1.35
Q2 25
$-0.08
$-0.62
Q1 25
$0.06
Q3 24
$-0.60
Q2 24
$-0.31
Q4 23
$-0.03
Q3 23
$-0.02

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IPM
IPM
VSTM
VSTM
Cash + ST InvestmentsLiquidity on hand
$5.6M
$137.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$18.2M
$-15.5M
Total Assets
$26.0M
$176.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPM
IPM
VSTM
VSTM
Q4 25
$5.6M
Q3 25
$7.3M
$137.7M
Q2 25
$7.3M
$164.3M
Q1 25
$9.7M
Q3 24
$113.2M
Q2 24
$83.4M
Q4 23
$13.6M
Q3 23
$13.7M
Total Debt
IPM
IPM
VSTM
VSTM
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
$40.5M
Q2 24
$40.3M
Q4 23
Q3 23
Stockholders' Equity
IPM
IPM
VSTM
VSTM
Q4 25
$18.2M
Q3 25
$18.8M
$-15.5M
Q2 25
$19.9M
$36.1M
Q1 25
$21.1M
Q3 24
$11.1M
Q2 24
$18.9M
Q4 23
$20.1M
Q3 23
$20.4M
Total Assets
IPM
IPM
VSTM
VSTM
Q4 25
$26.0M
Q3 25
$27.2M
$176.9M
Q2 25
$29.8M
$196.3M
Q1 25
$31.1M
Q3 24
$126.4M
Q2 24
$105.7M
Q4 23
$23.9M
Q3 23
$24.1M
Debt / Equity
IPM
IPM
VSTM
VSTM
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
3.66×
Q2 24
2.14×
Q4 23
Q3 23

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IPM
IPM
VSTM
VSTM
Operating Cash FlowLast quarter
$87.6K
$-36.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IPM
IPM
VSTM
VSTM
Q4 25
$87.6K
Q3 25
$133.0K
$-36.2M
Q2 25
$-888.7K
$-32.7M
Q1 25
$1.7M
Q3 24
$-23.8M
Q2 24
$-27.6M
Q4 23
$-99.0K
Q3 23
$16.1K
Free Cash Flow
IPM
IPM
VSTM
VSTM
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
$-27.6M
Q4 23
Q3 23
FCF Margin
IPM
IPM
VSTM
VSTM
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
-275.8%
Q4 23
Q3 23
Capex Intensity
IPM
IPM
VSTM
VSTM
Q4 25
Q3 25
0.0%
Q2 25
Q1 25
Q3 24
Q2 24
0.1%
Q4 23
Q3 23
Cash Conversion
IPM
IPM
VSTM
VSTM
Q4 25
Q3 25
Q2 25
Q1 25
2.16×
Q3 24
Q2 24
Q4 23
Q3 23

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IPM
IPM

Procurement Revenue$5.4M88%
Other$743.9K12%

VSTM
VSTM

Segment breakdown not available.

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