Intelligent Protection Management Corp Financials

IPM

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Intelligent Protection Management Corp (IPM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI IPM FY2025 2026-04-22

A revenue reactivation in FY2025 began to absorb fixed overhead after two low-volume years, lifting cash flow.

FY2025's improvement was scale-driven rather than margin-driven: gross margin fell to 52.3% from 76.1%. Even so, operating cash flow swung to $1.1M from -$3.0M, implying the much larger revenue base finally covered overhead and working-capital needs that had been overwhelming the business at very low volume.

The company posted positive free cash flow of $797K despite a net loss of -$2.0M. That mismatch means FY2025 cash generation was helped by non-cash charges or working-capital release, so the business is no longer in pure cash-burn mode but reported earnings still overstate how established profitability really is.

Liabilities still sit below equity, so this is more a liquidity tightening story than a solvency one. But the cash cushion narrowed sharply, and the current ratio fell to 1.6x from 3.2x, which leaves much less short-term flexibility while the bigger revenue base is still proving itself.

Financial Health Signals

Financial Health Score 68/100

Scored as: Emerging companies peer group

Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Intelligent Protection Management Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Cash Runway

Dilution

Revenue Progress

Burn Trend

Balance Sheet

Altman Z-Score Distress

0.88

Intelligent Protection Management Corp scores 0.88, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($22.8M) relative to total liabilities ($7.9M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/8

Intelligent Protection Management Corp passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-0.55x

For every $1 of reported earnings, Intelligent Protection Management Corp generates $-0.55 in operating cash flow ($1.1M OCF vs -$2.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$23.6M

YoY+2049.9%

5Y CAGR+13.0%

10Y CAGR+1.6%

Intelligent Protection Management Corp generated $23.6M in revenue in fiscal year 2025. This represents an increase of 2049.9% from the prior year.

EBITDA

-$4.3M

YoY+1.1%

Intelligent Protection Management Corp's EBITDA was -$4.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 1.1% from the prior year.

Net Income

-$2.0M

YoY+76.8%

Intelligent Protection Management Corp reported -$2.0M in net income in fiscal year 2025. This represents an increase of 76.8% from the prior year.

EPS (Diluted)

$-0.15

YoY+83.5%

Intelligent Protection Management Corp earned $-0.15 per diluted share (EPS) in fiscal year 2025. This represents an increase of 83.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$797K

Intelligent Protection Management Corp generated $797K in free cash flow in fiscal year 2025, representing cash available after capex.

Cash & Debt

$5.6M

YoY-47.1%

5Y CAGR+0.0%

10Y CAGR-1.7%

Intelligent Protection Management Corp held $5.6M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY-1.6%

5Y CAGR+5.6%

10Y CAGR+5.7%

Intelligent Protection Management Corp had 9M shares outstanding in fiscal year 2025. This represents a decrease of 1.6% from the prior year.

Margins & Returns

Gross Margin

52.3%

YoY-23.8pp

5Y CAGR-27.7pp

10Y CAGR-22.3pp

Intelligent Protection Management Corp's gross margin was 52.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 23.8 percentage points from the prior year.

Operating Margin

-20.0%

YoY+446.3pp

5Y CAGR-29.7pp

10Y CAGR-17.6pp

Intelligent Protection Management Corp's operating margin was -20.0% in fiscal year 2025, reflecting core business profitability. This is up 446.3 percentage points from the prior year.

Net Margin

-8.3%

YoY+758.9pp

5Y CAGR-19.0pp

10Y CAGR-7.0pp

Intelligent Protection Management Corp's net profit margin was -8.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 758.9 percentage points from the prior year.

Return on Equity

-10.8%

YoY+60.0pp

5Y CAGR-24.7pp

10Y CAGR-8.8pp

Intelligent Protection Management Corp's ROE was -10.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 60.0 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$280K

10Y CAGR-5.4%

Intelligent Protection Management Corp invested $280K in capex in fiscal year 2025, funding long-term assets and infrastructure.

IPM Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$23.6M+2049.9%	$1.1M+14.2%	$962K-91.2%	$11.0M-17.2%	$13.3M+3.4%	$12.8M
Cost of Revenue	$11.3M+4188.1%	$263K-7.7%	$285K-89.9%	$2.8M-92.3%	$36.9M+1334.1%	$2.6M
Gross Profit	$12.3M+1377.1%	$835K+23.4%	$677K-91.7%	$8.2M+134.6%	-$23.6M-330.3%	$10.3M
R&D Expenses	N/A	$216K+2.5%	$210K-96.5%	$5.9M+10.1%	$5.4M+7.3%	$5.0M
SG&A Expenses	$10.5M+117.1%	$4.9M+19.3%	$4.1M-5.5%	$4.3M+59.3%	$2.7M-14.5%	$3.2M
Operating Income	-$4.7M+7.9%	-$5.1M-38.5%	-$3.7M-1.1%	-$3.7M-804.3%	$519K-58.2%	$1.2M
Interest Expense	N/A	N/A	$640K+754.0%	$75K+56212.0%	$133-98.1%	$7K
Income Tax	-$2.3M-1591.1%	-$138K-392.3%	-$28K+83.7%	-$172K-1825.1%	$10K+2471.3%	$387
Net Income	-$2.0M+76.8%	-$8.4M-689.5%	-$1.1M+68.7%	-$3.4M-357.7%	$1.3M-3.4%	$1.4M
EPS (Diluted)	$-0.15+83.5%	$-0.91-658.3%	$-0.12+65.7%	$-0.35-305.9%	$0.17-15.0%	$0.20

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$6.4M+3.6%	$6.1M-1.7%	$6.2M+9.0%	$5.7M+3.7%	$5.5M	N/A	$275K-87.6%	$2.2M
Cost of Revenue	$3.3M+13.4%	$2.9M-6.6%	$3.1M+7.7%	$2.9M+15.9%	$2.5M	N/A	$56K-22.9%	$73K
Gross Profit	$3.1M-5.1%	$3.3M+3.1%	$3.2M+10.3%	$2.9M-6.2%	$3.1M	N/A	$219K-89.8%	$2.2M
R&D Expenses	N/A	N/A	N/A	N/A	$765K	N/A	$1.2M-0.2%	$1.2M
SG&A Expenses	$2.5M+0.1%	$2.5M-4.5%	$2.6M+5.6%	$2.5M-15.5%	$2.9M	N/A	$1.3M+59.1%	$786K
Operating Income	-$768K+6.3%	-$820K+42.9%	-$1.4M-27.1%	-$1.1M+15.3%	-$1.3M	N/A	-$1.5M-41.5%	-$1.1M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	$158K+9.2%	$144K
Income Tax	-$25K+72.3%	-$89K+64.4%	-$250K-447.0%	$72K+103.5%	-$2.1M	N/A	-$22K-104.1%	$533K
Net Income	-$660K-4.5%	-$632K+41.7%	-$1.1M-3.1%	-$1.1M-229.9%	$809K	N/A	-$1.5M-61.6%	-$934K
EPS (Diluted)	$-0.05	N/A	$-0.080.0%	$-0.08-233.3%	$0.06	N/A	$-0.16-60.0%	$-0.10

IPM Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$26.0M+64.1%	$15.9M-33.6%	$23.9M-6.1%	$25.4M-11.9%	$28.9M+112.5%	$13.6M
Current Assets	$11.5M+2.1%	$11.2M-23.9%	$14.8M-4.2%	$15.4M-30.1%	$22.0M+273.8%	$5.9M
Cash & Equivalents	$5.6M-47.1%	$10.6M-22.0%	$13.6M-8.0%	$14.7M-31.9%	$21.6M+287.4%	$5.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.6M	N/A	$93K-24.2%	$122K-20.3%	$153K+114.9%	$71K
Goodwill	$4.6M+71.0%	$2.7M-57.9%	$6.3M0.0%	$6.3M0.0%	$6.3M0.0%	$6.3M
Total Liabilities	$7.9M+97.7%	$4.0M+5.9%	$3.8M-15.8%	$4.5M+16.3%	$3.8M+2.1%	$3.8M
Current Liabilities	$7.3M+106.5%	$3.5M+12.9%	$3.1M-14.3%	$3.7M-0.3%	$3.7M+2.4%	$3.6M
Long-Term Debt	N/A	N/A	N/A	$77K-51.6%	$159K-5.1%	$168K
Total Equity	$18.2M+52.8%	$11.9M-40.9%	$20.1M-4.0%	$21.0M-16.3%	$25.1M+154.7%	$9.8M
Retained Earnings	-$25.3M-8.4%	-$23.3M-56.6%	-$14.9M-7.7%	-$13.8M-32.8%	-$10.4M+11.3%	-$11.7M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$29.5M+13.4%	$26.0M-4.4%	$27.2M-8.7%	$29.8M-4.2%	$31.1M+96.2%	$15.9M-26.8%	$21.7M-3.5%	$22.5M
Current Assets	$12.4M+7.8%	$11.5M-3.4%	$11.9M-11.2%	$13.4M-10.6%	$15.0M+33.0%	$11.2M-14.6%	$13.2M-4.2%	$13.7M
Cash & Equivalents	$5.7M+1.4%	$5.6M-23.6%	$7.3M+0.5%	$7.3M-7.0%	$7.8M-26.0%	$10.6M-12.2%	$12.1M-5.8%	$12.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$2.2M+34.9%	$1.6M+10.9%	$1.4M-40.0%	$2.4M+11.8%	$2.2M	N/A	$115K+23.8%	$93K
Goodwill	$4.6M0.0%	$4.6M-11.8%	$5.2M-6.4%	$5.5M0.0%	$5.5M+107.1%	$2.7M-57.9%	$6.3M0.0%	$6.3M
Total Liabilities	$12.1M+53.6%	$7.9M-7.3%	$8.5M-14.8%	$9.9M-1.2%	$10.1M+153.3%	$4.0M-7.9%	$4.3M+17.4%	$3.7M
Current Liabilities	$8.2M+12.0%	$7.3M-4.4%	$7.7M-12.3%	$8.7M-0.4%	$8.8M+147.3%	$3.5M-6.5%	$3.8M+22.3%	$3.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$17.5M-4.0%	$18.2M-3.1%	$18.8M-5.7%	$19.9M-5.6%	$21.1M+77.1%	$11.9M-31.2%	$17.3M-8.0%	$18.8M
Retained Earnings	-$25.9M-2.6%	-$25.3M-2.6%	-$24.6M-4.6%	-$23.6M-4.7%	-$22.5M+3.5%	-$23.3M-30.8%	-$17.8M-9.3%	-$16.3M

IPM Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$1.1M+135.7%	-$3.0M-179.6%	-$1.1M+63.5%	-$3.0M-333.6%	$1.3M-11.8%	$1.4M
Capital Expenditures	$280K	N/A	N/A	$242K	N/A	N/A
Free Cash Flow	$797K	N/A	N/A	-$3.2M	N/A	N/A
Investing Cash Flow	-$4.3M	N/A	-$85K+97.1%	-$2.9M-442.6%	$859K+281.0%	$225K
Financing Cash Flow	$1.0M+2537.4%	$40K+651.4%	-$7K+99.3%	-$998K-107.2%	$13.9M+2698.5%	$498K
Dividends Paid	N/A	N/A	N/A	$65K	N/A	N/A
Share Buybacks	N/A	N/A	$7K	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$196K-323.5%	$88K-34.2%	$133K+115.0%	-$889K-150.9%	$1.7M+218.9%	-$1.5M-88.2%	-$780K-210.3%	-$251K
Capital Expenditures	$70K	$0	$0	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	-$266K-403.6%	$88K-34.2%	$133K	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$70K	$0	$0+100.0%	-$280K+93.0%	-$4.0M	N/A	N/A	N/A
Financing Cash Flow	-$83K	$0+100.0%	-$88K+58.5%	-$213K-115.8%	$1.4M	$0	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$400K	N/A	N/A	N/A	N/A	N/A	N/A	N/A

IPM Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	52.3%-23.8pp	76.1%+5.7pp	70.4%-3.9pp	74.3%+252.3pp	-178.0%-257.9pp	80.0%
Operating Margin	-20.0%+446.3pp	-466.3%-82.0pp	-384.4%-351.1pp	-33.3%-37.2pp	3.9%-5.8pp	9.7%
Net Margin	-8.3%+758.9pp	-767.2%-656.3pp	-110.9%-79.9pp	-31.1%-41.0pp	10.0%-0.7pp	10.7%
Return on Equity	-10.8%+60.0pp	-70.8%-65.5pp	-5.3%+11.0pp	-16.3%-21.6pp	5.3%-8.6pp	13.9%
Return on Assets	-7.5%+45.6pp	-53.1%-48.6pp	-4.5%+9.0pp	-13.4%-18.0pp	4.6%-5.5pp	10.1%
Current Ratio	1.57-1.6	3.17-1.5	4.70+0.5	4.21-1.8	6.00+4.4	1.64
Debt-to-Equity	0.43+0.1	0.33+0.1	0.19+0.2	0.000.0	0.01-0.0	0.02
FCF Margin	3.4%	N/A	N/A	-29.1%	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	48.7%-4.4pp	53.1%+2.5pp	50.7%+0.6pp	50.1%-5.3pp	55.3%	N/A	79.5%-17.2pp	96.7%
Operating Margin	-12.1%+1.3pp	-13.4%+9.6pp	-23.0%-3.3pp	-19.7%+4.4pp	-24.2%	N/A	-540.0%-492.8pp	-47.3%
Net Margin	-10.4%-0.1pp	-10.3%+7.1pp	-17.4%+1.0pp	-18.4%-33.0pp	14.6%	N/A	-548.0%-506.0pp	-42.0%
Return on Equity	-3.8%-0.3pp	-3.5%+2.3pp	-5.8%-0.5pp	-5.3%-9.1pp	3.8%	N/A	-8.7%-3.8pp	-5.0%
Return on Assets	-2.2%+0.2pp	-2.4%+1.6pp	-4.0%-0.5pp	-3.5%-6.1pp	2.6%	N/A	-7.0%-2.8pp	-4.2%
Current Ratio	1.51-0.1	1.57+0.0	1.55+0.0	1.53-0.2	1.71-1.5	3.17-0.3	3.47-1.0	4.43
Debt-to-Equity	0.69+0.3	0.43-0.0	0.45-0.0	0.50+0.0	0.48+0.1	0.33+0.1	0.25+0.1	0.20
FCF Margin	-4.2%-5.6pp	1.4%-0.7pp	2.1%	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Intelligent Protection Management Corp's annual revenue?

Intelligent Protection Management Corp (IPM) reported $23.6M in total revenue for fiscal year 2025. This represents a 2049.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Intelligent Protection Management Corp's revenue growing?

Intelligent Protection Management Corp (IPM) revenue grew by 2049.9% year-over-year, from $1.1M to $23.6M in fiscal year 2025.

Is Intelligent Protection Management Corp profitable?

No, Intelligent Protection Management Corp (IPM) reported a net income of -$2.0M in fiscal year 2025, with a net profit margin of -8.3%.

What is Intelligent Protection Management Corp's EBITDA?

Intelligent Protection Management Corp (IPM) had EBITDA of -$4.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Intelligent Protection Management Corp's gross margin?

Intelligent Protection Management Corp (IPM) had a gross margin of 52.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Intelligent Protection Management Corp's operating margin?

Intelligent Protection Management Corp (IPM) had an operating margin of -20.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Intelligent Protection Management Corp's net profit margin?

Intelligent Protection Management Corp (IPM) had a net profit margin of -8.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Intelligent Protection Management Corp's return on equity (ROE)?

Intelligent Protection Management Corp (IPM) has a return on equity of -10.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Intelligent Protection Management Corp's free cash flow?

Intelligent Protection Management Corp (IPM) generated $797K in free cash flow during fiscal year 2025. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Intelligent Protection Management Corp's operating cash flow?

Intelligent Protection Management Corp (IPM) generated $1.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Intelligent Protection Management Corp's total assets?

Intelligent Protection Management Corp (IPM) had $26.0M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Intelligent Protection Management Corp's capital expenditures?

Intelligent Protection Management Corp (IPM) invested $280K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Intelligent Protection Management Corp have outstanding?

Intelligent Protection Management Corp (IPM) had 9M shares outstanding as of fiscal year 2025.

What is Intelligent Protection Management Corp's current ratio?

Intelligent Protection Management Corp (IPM) had a current ratio of 1.57 as of fiscal year 2025, which is generally considered healthy.

What is Intelligent Protection Management Corp's debt-to-equity ratio?

Intelligent Protection Management Corp (IPM) had a debt-to-equity ratio of 0.43 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Intelligent Protection Management Corp's return on assets (ROA)?

Intelligent Protection Management Corp (IPM) had a return on assets of -7.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Intelligent Protection Management Corp's Altman Z-Score?

Intelligent Protection Management Corp (IPM) has an Altman Z-Score of 0.88, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Intelligent Protection Management Corp's Piotroski F-Score?

Intelligent Protection Management Corp (IPM) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Intelligent Protection Management Corp's earnings high quality?

Intelligent Protection Management Corp (IPM) has an earnings quality ratio of -0.55x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Intelligent Protection Management Corp?

Intelligent Protection Management Corp (IPM) scores 68 out of 100 on our Financial Health Score, indicating strong standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.