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INTELLIGENT PROTECTION MANAGEMENT CORP.（IPM）与Soluna Holdings, Inc（SLNH）财务数据对比。点击上方公司名可切换其他公司
Soluna Holdings, Inc的季度营收约是INTELLIGENT PROTECTION MANAGEMENT CORP.的1.4倍（$8.4M vs $6.1M），INTELLIGENT PROTECTION MANAGEMENT CORP.同比增速更快（2091.6% vs 11.8%），过去两年INTELLIGENT PROTECTION MANAGEMENT CORP.的营收复合增速更高（54.7% vs -8.8%）
智能防护管理公司是一家总部位于英国格洛斯特郡的控股母公司，于2008年5月21日完成注册。公司为旗下四家子公司提供集团管理架构，其前身是专精于情报搜集、反间谍与反窃听检测业务的国际情报有限公司。
IPM vs SLNH — 直观对比
营收规模更大
SLNH
是对方的1.4倍
$6.1M
营收增速更快
IPM
高出2079.8%
11.8%
两年增速更快
IPM
近两年复合增速
-8.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.1M | $8.4M |
| 净利润 | — | $-24.0M |
| 毛利率 | 53.1% | 9.5% |
| 营业利润率 | -13.4% | -92.5% |
| 净利率 | — | -284.7% |
| 营收同比 | 2091.6% | 11.8% |
| 净利润同比 | — | -233.2% |
| 每股收益（稀释后） | $-0.05 | $-1.14 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收IPMSLNH
| Q4 25 | $6.1M | — | ||
| Q3 25 | $6.2M | $8.4M | ||
| Q2 25 | $5.7M | $6.2M | ||
| Q1 25 | $5.5M | $5.9M | ||
| Q4 24 | — | $8.3M | ||
| Q3 24 | — | $7.5M | ||
| Q2 24 | — | $9.7M | ||
| Q1 24 | — | $12.5M |
净利润IPMSLNH
| Q4 25 | — | — | ||
| Q3 25 | $-1.1M | $-24.0M | ||
| Q2 25 | $-1.1M | $-7.4M | ||
| Q1 25 | $808.5K | $-7.6M | ||
| Q4 24 | — | $-40.0M | ||
| Q3 24 | — | $-7.2M | ||
| Q2 24 | — | $-10.9M | ||
| Q1 24 | — | $-5.3M |
毛利率IPMSLNH
| Q4 25 | 53.1% | — | ||
| Q3 25 | 50.7% | 9.5% | ||
| Q2 25 | 50.1% | 6.3% | ||
| Q1 25 | 55.3% | 5.7% | ||
| Q4 24 | — | -360.8% | ||
| Q3 24 | — | -39.1% | ||
| Q2 24 | — | 34.6% | ||
| Q1 24 | — | 45.4% |
营业利润率IPMSLNH
| Q4 25 | -13.4% | — | ||
| Q3 25 | -23.0% | -92.5% | ||
| Q2 25 | -19.7% | -107.6% | ||
| Q1 25 | -24.2% | -120.9% | ||
| Q4 24 | — | -426.0% | ||
| Q3 24 | — | -119.8% | ||
| Q2 24 | — | -38.0% | ||
| Q1 24 | — | 3.2% |
净利率IPMSLNH
| Q4 25 | — | — | ||
| Q3 25 | -17.4% | -284.7% | ||
| Q2 25 | -18.3% | -119.9% | ||
| Q1 25 | 14.7% | -127.3% | ||
| Q4 24 | — | -483.8% | ||
| Q3 24 | — | -95.5% | ||
| Q2 24 | — | -112.4% | ||
| Q1 24 | — | -41.9% |
每股收益（稀释后）IPMSLNH
| Q4 25 | $-0.05 | — | ||
| Q3 25 | $-0.08 | $-1.14 | ||
| Q2 25 | $-0.08 | $-0.93 | ||
| Q1 25 | $0.06 | $-1.21 | ||
| Q4 24 | — | $-7.14 | ||
| Q3 24 | — | $-1.56 | ||
| Q2 24 | — | $-3.62 | ||
| Q1 24 | — | $-2.62 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $5.6M | — |
| 总债务越低越好 | — | $13.3M |
| 股东权益账面价值 | $18.2M | $14.5M |
| 总资产 | $26.0M | $152.0M |
| 负债/权益比越低杠杆越低 | — | 0.92× |
8季度趋势，按日历期对齐
现金及短期投资IPMSLNH
| Q4 25 | $5.6M | — | ||
| Q3 25 | $7.3M | — | ||
| Q2 25 | $7.3M | — | ||
| Q1 25 | $9.7M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务IPMSLNH
| Q4 25 | — | — | ||
| Q3 25 | — | $13.3M | ||
| Q2 25 | — | $10.0M | ||
| Q1 25 | — | $10.2M | ||
| Q4 24 | — | $7.1M | ||
| Q3 24 | — | $8.1M | ||
| Q2 24 | — | $9.0M | ||
| Q1 24 | — | — |
股东权益IPMSLNH
| Q4 25 | $18.2M | — | ||
| Q3 25 | $18.8M | $14.5M | ||
| Q2 25 | $19.9M | $-19.5M | ||
| Q1 25 | $21.1M | $-16.1M | ||
| Q4 24 | — | $-12.5M | ||
| Q3 24 | — | $20.9M | ||
| Q2 24 | — | $24.4M | ||
| Q1 24 | — | $21.5M |
总资产IPMSLNH
| Q4 25 | $26.0M | — | ||
| Q3 25 | $27.2M | $152.0M | ||
| Q2 25 | $29.8M | $92.0M | ||
| Q1 25 | $31.1M | $90.0M | ||
| Q4 24 | — | $88.0M | ||
| Q3 24 | — | $97.3M | ||
| Q2 24 | — | $98.7M | ||
| Q1 24 | — | $90.6M |
负债/权益比IPMSLNH
| Q4 25 | — | — | ||
| Q3 25 | — | 0.92× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $87.6K | $-2.2M |
| 自由现金流经营现金流 - 资本支出 | — | $-6.8M |
| 自由现金流率自由现金流/营收 | — | -81.4% |
| 资本支出强度资本支出/营收 | — | 55.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-34.4M |
8季度趋势，按日历期对齐
经营现金流IPMSLNH
| Q4 25 | $87.6K | — | ||
| Q3 25 | $133.0K | $-2.2M | ||
| Q2 25 | $-888.7K | $-1.1M | ||
| Q1 25 | $1.7M | $-177.0K | ||
| Q4 24 | — | $-5.1M | ||
| Q3 24 | — | $61.0K | ||
| Q2 24 | — | $-7.3M | ||
| Q1 24 | — | $3.9M |
自由现金流IPMSLNH
| Q4 25 | — | — | ||
| Q3 25 | — | $-6.8M | ||
| Q2 25 | — | $-9.7M | ||
| Q1 25 | — | $-4.0M | ||
| Q4 24 | — | $-13.9M | ||
| Q3 24 | — | $-3.4M | ||
| Q2 24 | — | $-7.6M | ||
| Q1 24 | — | $3.3M |
自由现金流率IPMSLNH
| Q4 25 | — | — | ||
| Q3 25 | — | -81.4% | ||
| Q2 25 | — | -156.8% | ||
| Q1 25 | — | -67.1% | ||
| Q4 24 | — | -168.3% | ||
| Q3 24 | — | -44.8% | ||
| Q2 24 | — | -78.2% | ||
| Q1 24 | — | 26.5% |
资本支出强度IPMSLNH
| Q4 25 | — | — | ||
| Q3 25 | 0.0% | 55.2% | ||
| Q2 25 | — | 139.0% | ||
| Q1 25 | — | 64.2% | ||
| Q4 24 | — | 107.0% | ||
| Q3 24 | — | 45.6% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 4.2% |
现金转化率IPMSLNH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.16× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
IPM
| Procurement Revenue | $5.4M | 88% |
| Other | $743.9K | 12% |
SLNH
| Data Hosting Revenue | $5.3M | 62% |
| Cryptocurrency Mining Revenue | $2.8M | 33% |
| Other | $389.0K | 5% |
