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Side-by-side financial comparison of INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM) and Zepp Health Corp (ZEPP). Click either name above to swap in a different company.

Zepp Health Corp is the larger business by last-quarter revenue ($10.5M vs $6.1M, roughly 1.7× INTELLIGENT PROTECTION MANAGEMENT CORP.). Over the past eight quarters, INTELLIGENT PROTECTION MANAGEMENT CORP.'s revenue compounded faster (54.7% CAGR vs -7.9%).

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.

Zepp Health Corp is a global digital health and smart wearable technology company. It develops and sells fitness trackers, smartwatches, and AI-powered health monitoring tools, serving individual consumers, sports teams, and healthcare providers across Asia, North America, and Europe, with core focus on wellness tracking and remote health management solutions.

IPM vs ZEPP — Head-to-Head

Bigger by revenue
ZEPP
ZEPP
1.7× larger
ZEPP
$10.5M
$6.1M
IPM
Faster 2-yr revenue CAGR
IPM
IPM
Annualised
IPM
54.7%
-7.9%
ZEPP

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
IPM
IPM
ZEPP
ZEPP
Revenue
$6.1M
$10.5M
Net Profit
$-223.0K
Gross Margin
53.1%
38.2%
Operating Margin
-13.4%
-1.2%
Net Margin
-2.1%
Revenue YoY
2091.6%
Net Profit YoY
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.

Revenue
IPM
IPM
ZEPP
ZEPP
Q4 25
$6.1M
Q3 25
$6.2M
$10.5M
Q2 25
$5.7M
$8.2M
Q1 25
$5.5M
$5.3M
Q3 24
$5.9M
Q2 24
$5.6M
Q1 24
$5.5M
Q4 23
$-7.3M
Net Profit
IPM
IPM
ZEPP
ZEPP
Q4 25
Q3 25
$-1.1M
$-223.0K
Q2 25
$-1.1M
$-1.1M
Q1 25
$808.5K
$-2.7M
Q3 24
$-1.8M
Q2 24
$-1.5M
Q1 24
$-2.0M
Q4 23
Gross Margin
IPM
IPM
ZEPP
ZEPP
Q4 25
53.1%
Q3 25
50.7%
38.2%
Q2 25
50.1%
36.2%
Q1 25
55.3%
37.3%
Q3 24
40.6%
Q2 24
40.3%
Q1 24
36.8%
Q4 23
Operating Margin
IPM
IPM
ZEPP
ZEPP
Q4 25
-13.4%
Q3 25
-23.0%
-1.2%
Q2 25
-19.7%
-10.3%
Q1 25
-24.2%
-47.7%
Q3 24
-29.5%
Q2 24
-24.3%
Q1 24
-39.6%
Q4 23
Net Margin
IPM
IPM
ZEPP
ZEPP
Q4 25
Q3 25
-17.4%
-2.1%
Q2 25
-18.3%
-13.0%
Q1 25
14.7%
-51.2%
Q3 24
-31.2%
Q2 24
-26.7%
Q1 24
-36.8%
Q4 23
EPS (diluted)
IPM
IPM
ZEPP
ZEPP
Q4 25
$-0.05
Q3 25
$-0.08
$-0.01
Q2 25
$-0.08
$-0.07
Q1 25
$0.06
$-0.17
Q3 24
$-0.01
Q2 24
$-0.01
Q1 24
$-0.01
Q4 23
$-0.03

Balance Sheet & Financial Strength

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

Metric
IPM
IPM
ZEPP
ZEPP
Cash + ST InvestmentsLiquidity on hand
$5.6M
$8.7M
Total DebtLower is stronger
$9.6M
Stockholders' EquityBook value
$18.2M
$31.2M
Total Assets
$26.0M
$80.9M
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPM
IPM
ZEPP
ZEPP
Q4 25
$5.6M
Q3 25
$7.3M
$8.7M
Q2 25
$7.3M
$7.8M
Q1 25
$9.7M
$10.7M
Q3 24
$16.4M
Q2 24
$17.0M
Q1 24
$17.9M
Q4 23
$13.6M
Total Debt
IPM
IPM
ZEPP
ZEPP
Q4 25
Q3 25
$9.6M
Q2 25
$9.7M
Q1 25
$9.6M
Q3 24
$5.7M
Q2 24
$7.3M
Q1 24
$11.2M
Q4 23
Stockholders' Equity
IPM
IPM
ZEPP
ZEPP
Q4 25
$18.2M
Q3 25
$18.8M
$31.2M
Q2 25
$19.9M
$31.1M
Q1 25
$21.1M
Q3 24
Q2 24
$44.6M
Q1 24
Q4 23
$20.1M
Total Assets
IPM
IPM
ZEPP
ZEPP
Q4 25
$26.0M
Q3 25
$27.2M
$80.9M
Q2 25
$29.8M
$75.8M
Q1 25
$31.1M
$71.6M
Q3 24
$81.3M
Q2 24
$79.7M
Q1 24
$80.5M
Q4 23
$23.9M
Debt / Equity
IPM
IPM
ZEPP
ZEPP
Q4 25
Q3 25
0.31×
Q2 25
0.31×
Q1 25
Q3 24
Q2 24
0.16×
Q1 24
Q4 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
ZEPP
ZEPP
Operating Cash FlowLast quarter
$87.6K
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
ZEPP
ZEPP
Q4 25
$87.6K
Q3 25
$133.0K
Q2 25
$-888.7K
Q1 25
$1.7M
Q3 24
Q2 24
Q1 24
Q4 23
$-99.0K
Capex Intensity
IPM
IPM
ZEPP
ZEPP
Q4 25
Q3 25
0.0%
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23
Cash Conversion
IPM
IPM
ZEPP
ZEPP
Q4 25
Q3 25
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
IPM

Procurement Revenue$5.4M88%
Other$743.9K12%

ZEPP
ZEPP

Segment breakdown not available.

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