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Side-by-side financial comparison of INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM) and Zhibao Technology Inc. (ZBAO). 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 $4.1M, roughly 1.5× Zhibao Technology Inc.). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs -79.7%).

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.

IPM vs ZBAO — Head-to-Head

Bigger by revenue
IPM
IPM
1.5× larger
IPM
$6.1M
$4.1M
ZBAO
Growing faster (revenue YoY)
IPM
IPM
+2171.3% gap
IPM
2091.6%
-79.7%
ZBAO

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
IPM
IPM
ZBAO
ZBAO
Revenue
$6.1M
$4.1M
Net Profit
$-85.5K
Gross Margin
53.1%
34.8%
Operating Margin
-13.4%
2.2%
Net Margin
-2.1%
Revenue YoY
2091.6%
-79.7%
Net Profit YoY
3.2%
EPS (diluted)
$-0.05

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
ZBAO
ZBAO
Q4 25
$6.1M
$4.1M
Q3 25
$6.2M
Q2 25
$5.7M
Q1 25
$5.5M
Q4 24
$20.1M
Q4 23
$-7.3M
$11.9M
Q3 23
$2.8M
Q2 23
$3.0M
Net Profit
IPM
IPM
ZBAO
ZBAO
Q4 25
$-85.5K
Q3 25
$-1.1M
Q2 25
$-1.1M
Q1 25
$808.5K
Q4 24
$-88.3K
Q4 23
$-1.2M
Q3 23
$-181.6K
Q2 23
$135.6K
Gross Margin
IPM
IPM
ZBAO
ZBAO
Q4 25
53.1%
34.8%
Q3 25
50.7%
Q2 25
50.1%
Q1 25
55.3%
Q4 24
29.1%
Q4 23
35.7%
Q3 23
70.1%
Q2 23
73.8%
Operating Margin
IPM
IPM
ZBAO
ZBAO
Q4 25
-13.4%
2.2%
Q3 25
-23.0%
Q2 25
-19.7%
Q1 25
-24.2%
Q4 24
2.6%
Q4 23
-9.9%
Q3 23
-14.1%
Q2 23
-9.4%
Net Margin
IPM
IPM
ZBAO
ZBAO
Q4 25
-2.1%
Q3 25
-17.4%
Q2 25
-18.3%
Q1 25
14.7%
Q4 24
-0.4%
Q4 23
-10.1%
Q3 23
-6.6%
Q2 23
4.6%
EPS (diluted)
IPM
IPM
ZBAO
ZBAO
Q4 25
$-0.05
Q3 25
$-0.08
Q2 25
$-0.08
Q1 25
$0.06
Q4 24
$0.00
Q4 23
$-0.03
$-0.04
Q3 23
$-0.02
Q2 23
$0.01

Balance Sheet & Financial Strength

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

Metric
IPM
IPM
ZBAO
ZBAO
Cash + ST InvestmentsLiquidity on hand
$5.6M
$3.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$18.2M
$6.8M
Total Assets
$26.0M
$39.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPM
IPM
ZBAO
ZBAO
Q4 25
$5.6M
$3.8M
Q3 25
$7.3M
Q2 25
$7.3M
Q1 25
$9.7M
Q4 24
$3.9M
Q4 23
$13.6M
$779.8K
Q3 23
$13.7M
Q2 23
$13.7M
Stockholders' Equity
IPM
IPM
ZBAO
ZBAO
Q4 25
$18.2M
$6.8M
Q3 25
$18.8M
Q2 25
$19.9M
Q1 25
$21.1M
Q4 24
$10.0M
Q4 23
$20.1M
$2.2M
Q3 23
$20.4M
Q2 23
$20.5M
Total Assets
IPM
IPM
ZBAO
ZBAO
Q4 25
$26.0M
$39.1M
Q3 25
$27.2M
Q2 25
$29.8M
Q1 25
$31.1M
Q4 24
$43.2M
Q4 23
$23.9M
$33.0M
Q3 23
$24.1M
Q2 23
$24.4M

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
ZBAO
ZBAO
Operating Cash FlowLast quarter
$87.6K
$-241.5K
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
ZBAO
ZBAO
Q4 25
$87.6K
$-241.5K
Q3 25
$133.0K
Q2 25
$-888.7K
Q1 25
$1.7M
Q4 24
$10.2M
Q4 23
$-99.0K
$12.1M
Q3 23
$16.1K
Q2 23
$-193.8K
Capex Intensity
IPM
IPM
ZBAO
ZBAO
Q4 25
Q3 25
0.0%
Q2 25
Q1 25
Q4 24
Q4 23
Q3 23
Q2 23
Cash Conversion
IPM
IPM
ZBAO
ZBAO
Q4 25
Q3 25
Q2 25
Q1 25
2.16×
Q4 24
Q4 23
Q3 23
Q2 23
-1.43×

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%

ZBAO
ZBAO

Segment breakdown not available.

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