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Side-by-side financial comparison of INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM) and Worksport Ltd (WKSP). 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 $4.7M, roughly 1.3× Worksport Ltd). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs 62.0%). Over the past eight quarters, Worksport Ltd's revenue compounded faster (204.2% CAGR vs 54.7%).
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.
Worksport LtdWKSPEarnings & Financial Report
Worksport Ltd is a cleantech company specializing in portable solar energy solutions and custom truck bed accessories. Its core offerings include solar-powered tonneau covers for pickup trucks and portable mobile power stations, serving the North American automotive aftermarket and consumer clean energy segments.
IPM vs WKSP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.1M | $4.7M |
| Net Profit | — | — |
| Gross Margin | 53.1% | 30.1% |
| Operating Margin | -13.4% | -129.6% |
| Net Margin | — | — |
| Revenue YoY | 2091.6% | 62.0% |
| Net Profit YoY | — | — |
| EPS (diluted) | $-0.05 | $-0.65 |
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 | $4.7M | ||
| Q3 25 | $6.2M | $5.0M | ||
| Q2 25 | $5.7M | $4.1M | ||
| Q1 25 | $5.5M | $2.2M | ||
| Q4 24 | — | $2.9M | ||
| Q3 24 | — | $3.1M | ||
| Q2 24 | — | $1.9M | ||
| Q1 24 | — | $512.6K |
| Q4 25 | — | — | ||
| Q3 25 | $-1.1M | $-4.9M | ||
| Q2 25 | $-1.1M | $-3.7M | ||
| Q1 25 | $808.5K | $-4.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-4.1M | ||
| Q2 24 | — | $-4.0M | ||
| Q1 24 | — | $-3.7M |
| Q4 25 | 53.1% | 30.1% | ||
| Q3 25 | 50.7% | 31.3% | ||
| Q2 25 | 50.1% | 26.4% | ||
| Q1 25 | 55.3% | 17.7% | ||
| Q4 24 | — | 11.1% | ||
| Q3 24 | — | 7.9% | ||
| Q2 24 | — | 15.4% | ||
| Q1 24 | — | 7.3% |
| Q4 25 | -13.4% | -129.6% | ||
| Q3 25 | -23.0% | -95.6% | ||
| Q2 25 | -19.7% | -88.1% | ||
| Q1 25 | -24.2% | -190.0% | ||
| Q4 24 | — | -137.0% | ||
| Q3 24 | — | -125.1% | ||
| Q2 24 | — | -203.5% | ||
| Q1 24 | — | -709.9% |
| Q4 25 | — | — | ||
| Q3 25 | -17.4% | -98.3% | ||
| Q2 25 | -18.3% | -91.0% | ||
| Q1 25 | 14.7% | -199.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -132.4% | ||
| Q2 24 | — | -208.9% | ||
| Q1 24 | — | -724.6% |
| Q4 25 | $-0.05 | $-0.65 | ||
| Q3 25 | $-0.08 | $-0.75 | ||
| Q2 25 | $-0.08 | $-0.71 | ||
| Q1 25 | $0.06 | $-1.05 | ||
| Q4 24 | — | $-1.14 | ||
| Q3 24 | — | $-1.40 | ||
| Q2 24 | — | $-1.55 | ||
| Q1 24 | — | $-1.75 |
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 | $5.9M |
| Total DebtLower is stronger | — | $2.7M |
| Stockholders' EquityBook value | $18.2M | $22.9M |
| Total Assets | $26.0M | $30.7M |
| Debt / EquityLower = less leverage | — | 0.12× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.6M | $5.9M | ||
| Q3 25 | $7.3M | $3.8M | ||
| Q2 25 | $7.3M | $1.4M | ||
| Q1 25 | $9.7M | $5.1M | ||
| Q4 24 | — | $4.9M | ||
| Q3 24 | — | $1.9M | ||
| Q2 24 | — | $3.4M | ||
| Q1 24 | — | $3.5M |
| Q4 25 | — | $2.7M | ||
| Q3 25 | — | $2.9M | ||
| Q2 25 | — | $2.5M | ||
| Q1 25 | — | $3.1M | ||
| Q4 24 | — | $5.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $18.2M | $22.9M | ||
| Q3 25 | $18.8M | $19.8M | ||
| Q2 25 | $19.9M | $17.3M | ||
| Q1 25 | $21.1M | $20.1M | ||
| Q4 24 | — | $17.4M | ||
| Q3 24 | — | $16.4M | ||
| Q2 24 | — | $19.1M | ||
| Q1 24 | — | $18.9M |
| Q4 25 | $26.0M | $30.7M | ||
| Q3 25 | $27.2M | $27.0M | ||
| Q2 25 | $29.8M | $23.6M | ||
| Q1 25 | $31.1M | $26.7M | ||
| Q4 24 | — | $25.7M | ||
| Q3 24 | — | $24.9M | ||
| Q2 24 | — | $27.2M | ||
| Q1 24 | — | $27.3M |
| Q4 25 | — | 0.12× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 0.30× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-6.1M |
| Free Cash FlowOCF − Capex | — | $-6.3M |
| FCF MarginFCF / Revenue | — | -132.4% |
| Capex IntensityCapex / Revenue | — | 3.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-18.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $87.6K | $-6.1M | ||
| Q3 25 | $133.0K | $-4.3M | ||
| Q2 25 | $-888.7K | $-3.1M | ||
| Q1 25 | $1.7M | $-3.8M | ||
| Q4 24 | — | $-2.2M | ||
| Q3 24 | — | $-1.5M | ||
| Q2 24 | — | $-3.6M | ||
| Q1 24 | — | $-2.8M |
| Q4 25 | — | $-6.3M | ||
| Q3 25 | — | $-4.6M | ||
| Q2 25 | — | $-3.2M | ||
| Q1 25 | — | $-4.0M | ||
| Q4 24 | — | $-2.2M | ||
| Q3 24 | — | $-1.7M | ||
| Q2 24 | — | $-3.7M | ||
| Q1 24 | — | $-3.0M |
| Q4 25 | — | -132.4% | ||
| Q3 25 | — | -92.1% | ||
| Q2 25 | — | -77.1% | ||
| Q1 25 | — | -180.4% | ||
| Q4 24 | — | -75.4% | ||
| Q3 24 | — | -54.5% | ||
| Q2 24 | — | -195.1% | ||
| Q1 24 | — | -586.7% |
| Q4 25 | — | 3.3% | ||
| Q3 25 | 0.0% | 7.3% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 9.0% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 6.4% | ||
| Q1 24 | — | 41.5% |
| 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% |
WKSP
Segment breakdown not available.
