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Side-by-side financial comparison of INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM) and Zedge, Inc. (ZDGE). Click either name above to swap in a different company.
Zedge, Inc. is the larger business by last-quarter revenue ($7.6M vs $6.1M, roughly 1.2× INTELLIGENT PROTECTION MANAGEMENT CORP.). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs 5.8%). Over the past eight quarters, INTELLIGENT PROTECTION MANAGEMENT CORP.'s revenue compounded faster (54.7% CAGR vs -1.0%).
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.
Zedge is a content distribution platform that provides consumers with a way to personalize their mobile devices. It has offices in Trondheim, Vilnius, and New York City.
IPM vs ZDGE — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $6.1M | $7.6M |
| Net Profit | — | $788.0K |
| Gross Margin | 53.1% | — |
| Operating Margin | -13.4% | 12.0% |
| Net Margin | — | 10.4% |
| Revenue YoY | 2091.6% | 5.8% |
| Net Profit YoY | — | 332.4% |
| EPS (diluted) | $-0.05 | $0.06 |
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 | $7.6M | ||
| Q3 25 | $6.2M | $7.5M | ||
| Q2 25 | $5.7M | $7.8M | ||
| Q1 25 | $5.5M | $7.0M | ||
| Q4 24 | — | $7.2M | ||
| Q3 24 | — | $7.6M | ||
| Q2 24 | — | $7.7M | ||
| Q1 24 | — | $7.8M |
| Q4 25 | — | $788.0K | ||
| Q3 25 | $-1.1M | $-559.0K | ||
| Q2 25 | $-1.1M | $185.0K | ||
| Q1 25 | $808.5K | $-1.7M | ||
| Q4 24 | — | $-339.0K | ||
| Q3 24 | — | $-39.0K | ||
| Q2 24 | — | $113.0K | ||
| Q1 24 | — | $-9.2M |
| Q4 25 | 53.1% | — | ||
| Q3 25 | 50.7% | — | ||
| Q2 25 | 50.1% | — | ||
| Q1 25 | 55.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -13.4% | 12.0% | ||
| Q3 25 | -23.0% | -9.6% | ||
| Q2 25 | -19.7% | 2.1% | ||
| Q1 25 | -24.2% | -31.8% | ||
| Q4 24 | — | -6.4% | ||
| Q3 24 | — | -0.8% | ||
| Q2 24 | — | -1.7% | ||
| Q1 24 | — | -153.5% |
| Q4 25 | — | 10.4% | ||
| Q3 25 | -17.4% | -7.5% | ||
| Q2 25 | -18.3% | 2.4% | ||
| Q1 25 | 14.7% | -24.1% | ||
| Q4 24 | — | -4.7% | ||
| Q3 24 | — | -0.5% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | -118.8% |
| Q4 25 | $-0.05 | $0.06 | ||
| Q3 25 | $-0.08 | $-0.04 | ||
| Q2 25 | $-0.08 | $0.01 | ||
| Q1 25 | $0.06 | $-0.12 | ||
| Q4 24 | — | $-0.02 | ||
| Q3 24 | — | $0.00 | ||
| Q2 24 | — | $0.01 | ||
| Q1 24 | — | $-0.66 |
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 | $18.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $18.2M | $25.9M |
| Total Assets | $26.0M | $36.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.6M | $18.5M | ||
| Q3 25 | $7.3M | $18.6M | ||
| Q2 25 | $7.3M | $20.4M | ||
| Q1 25 | $9.7M | $20.1M | ||
| Q4 24 | — | $20.2M | ||
| Q3 24 | — | $20.0M | ||
| Q2 24 | — | $19.9M | ||
| Q1 24 | — | $18.1M |
| Q4 25 | $18.2M | $25.9M | ||
| Q3 25 | $18.8M | $25.9M | ||
| Q2 25 | $19.9M | $28.6M | ||
| Q1 25 | $21.1M | $28.2M | ||
| Q4 24 | — | $30.1M | ||
| Q3 24 | — | $30.9M | ||
| Q2 24 | — | $30.9M | ||
| Q1 24 | — | $30.7M |
| Q4 25 | $26.0M | $36.0M | ||
| Q3 25 | $27.2M | $35.7M | ||
| Q2 25 | $29.8M | $37.8M | ||
| Q1 25 | $31.1M | $37.1M | ||
| Q4 24 | — | $38.2M | ||
| Q3 24 | — | $38.2M | ||
| Q2 24 | — | $38.1M | ||
| Q1 24 | — | $37.1M |
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 | $825.0K |
| Free Cash FlowOCF − Capex | — | $808.0K |
| FCF MarginFCF / Revenue | — | 10.6% |
| Capex IntensityCapex / Revenue | — | 0.2% |
| Cash ConversionOCF / Net Profit | — | 1.05× |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $87.6K | $825.0K | ||
| Q3 25 | $133.0K | $674.0K | ||
| Q2 25 | $-888.7K | $870.0K | ||
| Q1 25 | $1.7M | $708.0K | ||
| Q4 24 | — | $1.2M | ||
| Q3 24 | — | $695.0K | ||
| Q2 24 | — | $2.3M | ||
| Q1 24 | — | $1.6M |
| Q4 25 | — | $808.0K | ||
| Q3 25 | — | $640.0K | ||
| Q2 25 | — | $851.0K | ||
| Q1 25 | — | $689.0K | ||
| Q4 24 | — | $1.2M | ||
| Q3 24 | — | $683.0K | ||
| Q2 24 | — | $2.3M | ||
| Q1 24 | — | $1.6M |
| Q4 25 | — | 10.6% | ||
| Q3 25 | — | 8.6% | ||
| Q2 25 | — | 11.0% | ||
| Q1 25 | — | 9.9% | ||
| Q4 24 | — | 16.1% | ||
| Q3 24 | — | 9.0% | ||
| Q2 24 | — | 30.4% | ||
| Q1 24 | — | 20.0% |
| Q4 25 | — | 0.2% | ||
| Q3 25 | 0.0% | 0.5% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.0% |
| Q4 25 | — | 1.05× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.70× | ||
| Q1 25 | 2.16× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 20.73× | ||
| 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% |
ZDGE
| Zedge Marketplace | $7.1M | 94% |
| Other | $468.0K | 6% |
