Intelligent Protection Management (IPM) Financials

$1.80 +0.03 (+1.41%)

Closing price 07/24/2026 04:00 PM Eastern

Extended Trading

$1.80 +0.00 (+0.28%)

As of 07/24/2026 04:10 PM Eastern

Annual Income Statements for Intelligent Protection Management

This table shows Intelligent Protection Management's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-0.27	-1.45	-5.89	-3.80	-8.38	1.37	1.02	-3.41	-1.07	-8.43	-1.96
Consolidated Net Income / (Loss)	-0.27	-1.45	-5.89	-3.80	-8.38	1.37	1.32	-3.41	-1.07	-8.43	-1.96
Net Income / (Loss) Continuing Operations	-0.27	-1.45	-5.89	-2.01	-8.94	1.37	1.02	-3.41	-2.69	-4.27	-1.96
Total Pre-Tax Income	-0.44	-1.45	-5.67	-2.00	-9.08	1.37	1.33	-3.58	-2.71	-4.41	-4.28
Total Operating Income	-0.47	-1.74	-5.66	0.45	-8.62	1.24	0.52	-3.66	-3.70	-5.12	-4.72
Total Gross Profit	15	16	20	17	12	10	11	8.17	0.68	0.84	12
Total Revenue	20	21	25	20	15	13	13	11	0.96	1.10	24
Operating Revenue	20	21	25	20	15	13	13	11	0.96	1.10	24
Total Cost of Revenue	5.12	5.02	4.86	3.61	3.17	2.57	2.72	2.82	0.28	0.26	11
Operating Cost of Revenue	5.12	5.02	4.86	3.61	3.17	2.57	2.72	2.82	0.28	0.26	11
Total Operating Expenses	15	18	26	16	21	9.02	10	12	4.37	5.96	17
Selling, General & Admin Expense	2.79	4.02	8.87	7.87	6.34	3.17	2.71	4.31	4.07	4.86	11
Marketing Expense	4.09	5.10	7.85	1.80	1.06	0.83	1.17	1.57	0.09	0.28	3.25
Depreciation Expense	-	-	-	-	-	-	-	-	-	0.82	2.54
Other Special Charges / (Income)	-	-	-	-	-	-	-	-	-	0.00	0.72
Total Other Income / (Expense), net	0.03	0.29	-0.01	-2.45	-0.47	0.13	0.51	0.07	0.98	0.72	0.44
Interest & Investment Income	-	-	-	-	-0.63	-	-	-	0.64	0.57	0.34
Other Income / (Expense), net	0.03	0.35	-0.05	-2.54	0.00	0.12	-	0.00	0.34	0.15	0.10
Income Tax Expense	-0.17	0.00	0.23	0.00	-0.14	0.00	0.01	-0.17	-0.03	-0.14	-2.33
Net Income / (Loss) Discontinued Operations	-	-	-	-1.79	0.56	-	-	-	1.62	-4.16	0.00
Basic Earnings per Share	($0.05)	($0.26)	($0.91)	($0.56)	($1.22)	-	$0.17	($0.35)	($0.12)	($0.91)	($0.15)
Weighted Average Basic Shares Outstanding	5.23M	5.58M	6.45M	6.72M	6.87M	6.88M	7.77M	9.64M	9.22M	9.23M	13.15M
Diluted Earnings per Share	($0.05)	($0.26)	($0.91)	($0.56)	($1.22)	-	$0.17	($0.35)	($0.12)	($0.91)	($0.15)
Weighted Average Diluted Shares Outstanding	5.23M	5.58M	6.45M	6.72M	6.87M	6.89M	7.81M	9.64M	9.22M	9.23M	13.15M

This table shows Intelligent Protection Management's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-0.18	-0.28	-0.49	-0.93	-1.51	-5.49	0.81	-1.05	-1.08	-0.63	-0.66
Consolidated Net Income / (Loss)	-0.18	-0.28	-0.49	-0.93	-1.51	-5.49	0.81	-1.05	-1.08	-0.63	-0.66
Net Income / (Loss) Continuing Operations	-0.18	-1.90	-0.25	-1.29	-1.31	-1.41	0.81	-1.05	-1.08	-0.63	-0.66
Total Pre-Tax Income	-0.22	-1.94	-0.85	-0.76	-1.33	-1.46	-1.25	-0.98	-1.33	-0.72	-0.68
Total Operating Income	-0.39	-2.12	-1.01	-1.05	-1.49	-1.58	-1.33	-1.13	-1.44	-0.82	-0.77
Total Gross Profit	1.94	-5.21	0.21	0.20	0.22	0.21	3.05	2.87	3.16	3.26	3.09
Total Revenue	2.77	-7.33	0.27	0.27	0.28	0.28	5.52	5.72	6.24	6.13	6.35
Operating Revenue	2.77	-7.33	0.27	0.27	0.28	0.28	5.52	5.72	6.24	6.13	6.35
Total Cost of Revenue	0.83	-2.12	0.06	0.07	0.06	0.07	2.46	2.86	3.08	2.87	3.26
Operating Cost of Revenue	0.83	-2.12	0.06	0.07	0.06	0.07	2.46	2.86	3.08	2.87	3.26
Total Operating Expenses	2.33	-3.09	1.21	1.25	1.71	1.79	4.39	3.99	4.60	4.08	3.86
Selling, General & Admin Expense	0.93	0.90	0.74	0.79	1.25	2.08	2.94	2.48	2.62	2.50	2.51
Marketing Expense	0.21	-0.59	-	0.26	0.25	-	0.77	0.84	0.84	-	0.78
Depreciation Expense	-	-	0.21	0.21	0.21	0.20	0.68	0.67	0.62	0.56	0.48
Other Special Charges / (Income)	-	-	-	-	0.00	-	0.00	-	0.51	-	0.10
Total Other Income / (Expense), net	0.17	0.18	0.15	0.29	0.16	0.12	0.08	0.15	0.10	0.10	0.08
Interest & Investment Income	-	-	0.15	0.14	0.16	0.12	0.08	0.09	0.10	0.07	0.06
Other Income / (Expense), net	0.00	-	-	0.15	0.00	-	0.00	0.06	0.00	-	0.02
Income Tax Expense	-0.04	-0.04	-0.60	0.53	-0.02	-0.05	-2.06	0.07	-0.25	-0.09	-0.02
Basic Earnings per Share	($0.02)	($0.03)	($0.05)	($0.10)	($0.16)	($0.60)	$0.06	($0.24)	($0.24)	$0.27	($0.05)
Weighted Average Basic Shares Outstanding	9.22M	9.22M	9.22M	9.22M	9.23M	9.23M	13.19M	26.40M	26.22M	13.15M	13.07M
Diluted Earnings per Share	($0.02)	($0.03)	($0.05)	($0.10)	($0.16)	($0.60)	$0.06	($0.24)	($0.24)	$0.27	($0.05)
Weighted Average Diluted Shares Outstanding	9.22M	9.22M	9.22M	9.22M	9.23M	9.23M	13.19M	26.40M	26.22M	13.15M	13.07M

This table details how cash moves in and out of Intelligent Protection Management's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-0.88	-2.51	-0.03	2.42	-3.13	2.16	16	-6.90	-1.17	-2.98	-2.15
Net Cash From Operating Activities	0.10	-0.41	-0.73	2.73	-4.47	1.44	1.27	-2.96	-1.08	-3.02	1.08
Net Cash From Continuing Operating Activities	0.10	-0.41	-0.73	4.52	-4.27	1.44	1.27	-2.96	-2.98	-2.66	1.08
Net Income / (Loss) Continuing Operations	-0.27	-1.45	-5.89	-2.01	-8.94	1.37	1.32	-3.41	-2.69	-4.27	-1.96
Consolidated Net Income / (Loss)	-0.27	-1.45	-5.89	-3.80	-8.38	1.37	1.32	-3.41	-1.07	-8.43	-1.96
Net Income / (Loss) Discontinued Operations	-	-	-	-1.79	0.56	-	-	-	1.62	-4.16	0.00
Depreciation Expense	0.38	0.57	0.45	0.39	0.35	0.33	0.19	0.07	-	0.00	0.47
Amortization Expense	0.55	0.83	1.68	1.60	0.43	0.35	0.26	0.68	0.90	0.91	2.49
Non-Cash Adjustments To Reconcile Net Income	0.21	0.22	1.64	0.67	8.71	-0.21	-0.96	0.34	0.23	0.15	0.35
Changes in Operating Assets and Liabilities, net	-0.78	-0.58	1.39	3.88	-4.82	-0.40	0.46	-0.64	-1.43	0.55	-0.27
Net Cash From Discontinued Operating Activities	-	-	-	-1.79	-0.20	-	-	-	1.90	-0.36	0.00
Net Cash From Investing Activities	-0.49	-2.08	-0.22	-0.34	1.34	0.23	0.86	-2.94	-0.09	0.00	-4.28
Net Cash From Continuing Investing Activities	-0.49	-2.08	-0.22	-0.34	-0.26	0.23	0.86	-2.94	-0.09	0.00	-4.28
Purchase of Property, Plant & Equipment	-0.49	-0.35	-0.29	-0.34	-0.39	-	-	-0.24	-	0.00	-0.28
Acquisitions	0.00	-1.74	-	-	-	-	0.00	-	-	0.00	-4.00
Net Cash From Financing Activities	-0.49	-0.02	0.92	0.03	-0.00	0.50	14	-1.00	-0.01	0.04	1.05
Net Cash From Continuing Financing Activities	-0.49	-0.02	0.92	0.03	-0.00	0.50	14	-1.00	-0.01	0.04	1.05
Repurchase of Common Equity	-	-	-	-	-0.00	-0.01	0.00	-1.00	-0.01	0.00	-0.30
Other Financing Activities, net	-	0.00	-	-	-	0.00	0.01	0.00	0.00	0.04	1.35

This table details how cash moves in and out of Intelligent Protection Management's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	0.02	-0.10	-0.52	-0.25	-0.74	-1.47	-0.91	-1.38	0.04	0.09	-0.35
Net Cash From Operating Activities	0.02	-0.10	-0.52	-0.25	-0.78	-1.47	1.74	-0.89	0.13	0.09	-0.20
Net Cash From Continuing Operating Activities	0.02	-2.00	-0.34	0.23	-0.82	-1.74	1.74	-0.89	0.13	0.09	-0.20
Net Income / (Loss) Continuing Operations	-0.18	-1.90	-0.25	-1.29	-1.31	-1.41	0.81	-1.05	-1.08	-0.63	-0.66
Consolidated Net Income / (Loss)	-0.18	-0.28	-0.49	-0.93	-1.51	-5.49	0.81	-1.05	-1.08	-0.63	-0.66
Depreciation Expense	-	-	0.00	-	-	-	0.11	0.12	0.15	0.09	0.11
Amortization Expense	0.23	0.23	0.23	0.22	0.23	0.23	0.78	0.76	0.47	0.47	0.53
Non-Cash Adjustments To Reconcile Net Income	0.07	0.06	-0.54	0.63	0.03	0.03	0.17	2.14	0.04	0.05	0.02
Changes in Operating Assets and Liabilities, net	-0.10	-0.38	0.23	0.67	0.23	-0.58	-0.13	-2.86	0.55	0.11	-0.20
Net Cash From Investing Activities	-	-	0.00	-	-	-	-4.00	-0.28	-	-	-0.07
Net Cash From Continuing Investing Activities	-	-	0.00	-	-	-	-4.00	-0.28	-	-	-0.07
Purchase of Property, Plant & Equipment	-	-	-	-	-	-	0.00	-	-	-	-0.07
Acquisitions	-	-	0.00	-	-	-	-4.00	-	-	-	0.00
Net Cash From Financing Activities	-	-	0.00	-	0.04	-	1.35	-0.21	-0.09	-	-0.08
Net Cash From Continuing Financing Activities	-	-	0.00	-	0.04	-	1.35	-0.21	-0.09	-	-0.08
Repurchase of Common Equity	-	-	-	-	-	-	0.00	-	-0.09	-	-0.08
Other Financing Activities, net	-	-	0.00	-	0.04	-	1.35	-	-	-	0.00

This table presents Intelligent Protection Management's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	17	28	23	24	12	14	29	25	24	16	26
Total Current Assets	8.68	6.34	4.99	7.27	3.73	5.89	22	15	15	11	11
Cash & Equivalents	6.68	4.16	4.14	6.56	3.43	5.59	22	15	14	11	7.40
Restricted Cash	-	-	-	-	-	-	-	-	-	-	1.04
Accounts Receivable	0.83	0.96	0.48	0.33	0.13	0.07	0.15	0.12	-	0.00	1.60
Prepaid Expenses	1.02	1.05	0.23	0.27	0.17	0.24	0.24	0.54	0.74	0.46	1.36
Plant, Property, & Equipment, net	0.92	0.79	0.62	0.58	0.62	0.26	0.07	0.00	0.00	0.07	0.55
Total Noncurrent Assets	7.67	20	17	17	7.87	7.44	6.78	10	9.12	4.56	14
Goodwill	4.34	14	13	13	6.33	6.33	6.33	6.33	-	0.00	4.56
Intangible Assets	2.49	5.61	3.92	0.88	0.63	0.38	0.20	3.53	2.70	1.88	7.72
Other Noncurrent Operating Assets	0.08	0.40	0.15	2.62	0.92	0.73	0.26	0.17	0.09	0.01	1.74
Total Liabilities & Shareholders' Equity	17	28	23	24	12	14	29	25	24	16	26
Total Liabilities	3.96	6.68	5.33	9.28	4.03	3.75	3.83	4.46	3.75	3.97	7.85
Total Current Liabilities	3.83	4.97	5.33	9.16	3.45	3.59	3.67	3.66	3.14	3.54	7.32
Accounts Payable	0.67	1.67	2.37	2.84	1.01	0.74	1.33	1.24	0.10	0.89	2.64
Current Deferred Revenue	2.26	2.83	2.55	4.85	1.83	2.06	1.92	2.26	0.54	0.56	3.88
Other Current Liabilities	-	-	0.00	0.11	0.18	0.19	0.08	0.08	0.08	0.07	0.76
Total Noncurrent Liabilities	0.13	1.71	0.00	0.12	0.58	0.17	0.16	0.79	0.61	0.43	0.54
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	1.45	-	-	-	-	0.00	0.72	0.61	0.43	0.15
Other Noncurrent Operating Liabilities	0.13	-	0.00	0.12	0.58	0.00	-	0.08	-	-	0.39
Commitments & Contingencies	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	13	21	17	15	8.19	9.84	25	21	20	12	18
Total Preferred & Common Equity	13	21	17	15	8.19	9.84	25	21	20	12	18
Preferred Stock	-	-	-	-	-	-	-	-	-	0.00	0.00
Total Common Equity	13	21	17	15	8.19	9.84	25	21	20	12	18
Common Stock	6.88	16	18	20	21	22	36	36	36	36	45
Retained Earnings	6.42	4.97	-0.92	-4.72	-13	-12	-10	-14	-15	-23	-25
Treasury Stock	-	-	-	0.00	-0.00	-0.01	-0.19	-1.19	-1.20	-1.20	-1.50

This table presents Intelligent Protection Management's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	24	23	22	22	31	30	27	30
Total Current Assets	15	14	14	13	15	13	12	12
Cash & Equivalents	14	13	13	12	9.68	7.29	7.32	7.04
Restricted Cash	-	-	-	-	-	1.01	1.03	1.05
Accounts Receivable	0.14	0.10	0.09	0.11	2.59	3.27	1.47	2.16
Prepaid Expenses	0.82	0.80	0.72	0.87	1.68	1.68	2.06	2.07
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.63	0.79	0.64	0.51
Total Noncurrent Assets	9.35	8.90	8.75	8.43	16	16	15	17
Goodwill	6.33	6.33	6.33	6.33	5.52	5.52	5.16	4.56
Intangible Assets	2.91	2.50	2.29	2.09	9.21	8.66	8.19	7.36
Other Noncurrent Operating Assets	0.11	0.07	0.13	0.01	0.82	1.50	1.37	4.75
Total Liabilities & Shareholders' Equity	24	23	22	22	31	30	27	30
Total Liabilities	3.74	3.25	3.67	4.31	10	9.95	8.47	12
Total Current Liabilities	3.02	2.76	3.10	3.79	8.77	8.73	7.65	8.19
Accounts Payable	0.68	0.82	1.12	1.64	3.58	3.40	3.02	3.01
Current Deferred Revenue	2.20	1.89	1.89	2.07	3.68	3.86	3.50	4.65
Other Current Liabilities	0.08	0.06	0.08	0.08	1.51	1.47	1.14	0.47
Total Noncurrent Liabilities	0.72	0.48	0.58	0.53	1.30	1.22	0.82	3.87
Noncurrent Deferred & Payable Income Tax Liabilities	0.70	0.48	0.54	0.51	0.42	0.51	0.26	0.12
Other Noncurrent Operating Liabilities	0.02	0.00	0.03	-	-	0.71	-	3.75
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	20	20	19	17	21	20	19	17
Total Preferred & Common Equity	20	20	19	17	21	20	19	17
Preferred Stock	-	-	-	-	0.00	0.00	0.00	0.00
Total Common Equity	20	20	19	17	21	20	19	17
Common Stock	36	36	36	36	45	45	45	45
Retained Earnings	-15	-15	-16	-18	-23	-24	-25	-26
Treasury Stock	-1.20	-1.20	-1.20	-1.20	-1.20	-1.41	-1.50	-1.58

This table displays calculated financial ratios and metrics derived from Intelligent Protection Management's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	39,692,826.00	225,769,409.00	6,517,745.00	6,789,393.00	6,878,904.00	6,906,454.00	9,832,157.00	9,345,059.00	9,222,157.00	9,222,157.00	9,222,157.00
DEI Adjusted Shares Outstanding	1,134,081.00	6,450,555.00	6,517,745.00	6,789,393.00	6,878,904.00	6,906,454.00	9,832,157.00	9,345,059.00	9,222,157.00	9,222,157.00	9,222,157.00
DEI Earnings Per Adjusted Shares Outstanding	-0.23	-0.23	-0.90	-0.56	-1.22	0.20	0.10	-0.37	-0.12	-0.91	-0.21
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	48.41%	4.31%	18.36%	-18.15%	-24.83%	-16.04%	3.44%	-17.21%	-91.25%	14.16%	2,049.95%
EBITDA Growth	134.55%	-98.03%	-36,622.96%	97.29%	-7,979.23%	126.05%	-52.72%	-401.39%	15.74%	-66.11%	59.04%
EBIT Growth	73.11%	-218.33%	-309.77%	63.48%	-313.38%	115.84%	-61.93%	-804.31%	8.32%	-48.31%	7.06%
NOPAT Growth	73.01%	-270.52%	-224.57%	107.97%	-2,009.74%	120.60%	-58.50%	-596.72%	-1.06%	-38.51%	7.86%
Net Income Growth	83.96%	-446.31%	-305.72%	35.58%	-120.69%	116.36%	-3.44%	-357.70%	68.72%	-689.46%	76.78%
EPS Growth	-25.00%	-420.00%	-250.00%	38.46%	-117.86%	0.00%	0.00%	-305.88%	65.71%	-658.33%	83.52%
Operating Cash Flow Growth	157.27%	-523.76%	-79.70%	473.96%	-263.40%	132.14%	-11.83%	-333.65%	63.48%	-179.65%	135.66%
Free Cash Flow Firm Growth	-590.22%	-21.33%	94.13%	768.44%	-135.82%	179.12%	36.44%	-412.43%	127.60%	-230.94%	-547.79%
Invested Capital Growth	391.75%	150.52%	-19.91%	-30.67%	-48.36%	-0.06%	-24.88%	76.87%	-64.14%	-73.56%	1,522.59%
Revenue Q/Q Growth	59.28%	-15.24%	-4.21%	-3.89%	-14.31%	7.03%	-2.31%	-2.77%	-91.32%	116.88%	32.96%
EBITDA Q/Q Growth	-43.42%	-98.43%	-11.46%	-106.26%	-6,304.75%	131.77%	-37.62%	-26.52%	-72.87%	14.48%	49.75%
EBIT Q/Q Growth	-522.90%	-816.52%	-3.88%	-299.40%	-850.05%	119.12%	-51.05%	-27.62%	-41.08%	12.17%	15.58%
NOPAT Q/Q Growth	66.87%	-1,047.56%	-3.03%	186.45%	-850.05%	124.87%	-51.20%	-27.62%	-55.51%	9.59%	13.84%
Net Income Q/Q Growth	77.58%	-692.24%	-6.14%	17.62%	-707.40%	119.43%	-28.84%	-16.73%	16.52%	-161.78%	71.29%
EPS Q/Q Growth	-66.67%	-471.43%	11.65%	20.00%	-617.65%	0.00%	0.00%	-2.94%	7.69%	-167.65%	85.29%
Operating Cash Flow Q/Q Growth	109.94%	-125.67%	46.60%	-15.41%	8.03%	95.56%	-21.54%	-20.77%	17.82%	-82.91%	325.06%
Free Cash Flow Firm Q/Q Growth	-1,036.91%	-1,392.26%	96.68%	-19.31%	66.83%	-52.48%	-20.63%	-6.73%	182.81%	26.23%	-30.88%
Invested Capital Q/Q Growth	358.11%	963.05%	-5.14%	12.33%	-61.35%	1.23%	-1.16%	-3.97%	-66.11%	-88.74%	-11.46%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	74.57%	76.10%	80.43%	82.24%	79.23%	79.95%	79.51%	74.31%	70.39%	76.06%	52.26%
EBITDA Margin	2.47%	0.05%	-14.39%	-0.48%	-51.24%	15.90%	7.27%	-26.46%	-254.68%	-370.57%	-7.06%
Operating Margin	-2.34%	-8.31%	-22.78%	2.22%	-56.37%	9.68%	3.91%	-33.29%	-384.35%	-466.32%	-19.99%
EBIT Margin	-2.17%	-6.64%	-22.97%	-10.25%	-56.37%	10.63%	3.91%	-33.29%	-348.70%	-453.01%	-19.58%
Profit (Net Income) Margin	-1.32%	-6.92%	-23.73%	-18.68%	-54.83%	10.69%	9.98%	-31.05%	-110.95%	-767.22%	-8.29%
Tax Burden Percent	60.78%	100.00%	104.04%	189.58%	92.25%	99.97%	99.25%	95.21%	39.31%	191.23%	45.68%
Interest Burden Percent	100.00%	104.31%	99.27%	96.10%	105.44%	100.52%	256.80%	97.95%	80.93%	88.56%	92.63%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.75%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-15.13%	-10.51%	-26.51%	2.81%	-86.31%	26.11%	12.38%	-51.78%	-60.30%	-250.26%	-64.01%
ROIC Less NNEP Spread (ROIC-NNEP)	-16.83%	-6.26%	19.59%	84.45%	-36.14%	23.08%	6.29%	-47.07%	-69.65%	-217.06%	-77.64%
Return on Net Nonoperating Assets (RNNOA)	10.63%	2.00%	-4.29%	-26.11%	14.50%	-10.90%	-4.79%	36.95%	55.10%	197.65%	51.00%
Return on Equity (ROE)	-4.50%	-8.51%	-30.80%	-23.31%	-71.81%	15.22%	7.59%	-14.83%	-5.19%	-52.61%	-13.01%
Cash Return on Invested Capital (CROIC)	-139.25%	-96.40%	-4.40%	39.04%	-22.52%	26.17%	40.79%	-107.31%	34.13%	-133.91%	-240.79%
Operating Return on Assets (OROA)	-4.28%	-6.22%	-22.70%	-8.83%	-47.01%	10.57%	2.45%	-13.47%	-13.60%	-25.03%	-22.07%
Return on Assets (ROA)	-2.60%	-6.49%	-23.44%	-16.09%	-45.73%	10.63%	6.24%	-12.56%	-4.33%	-42.39%	-9.34%
Return on Common Equity (ROCE)	-4.50%	-8.51%	-30.80%	-23.31%	-71.81%	15.22%	7.59%	-14.83%	-5.19%	-52.61%	-13.00%
Return on Equity Simple (ROE_SIMPLE)	-2.00%	-6.97%	-33.82%	-25.06%	-102.37%	13.94%	5.29%	-16.27%	-5.30%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-0.33	-1.22	-3.96	0.32	-6.03	1.24	0.52	-2.56	-2.59	-3.59	-3.30
NOPAT Margin	-1.64%	-5.82%	-15.95%	1.55%	-39.46%	9.68%	3.88%	-23.31%	-269.05%	-326.43%	-13.99%
Net Nonoperating Expense Percent (NNEP)	1.70%	-4.25%	-46.10%	-81.65%	-50.17%	3.03%	6.09%	-4.71%	9.35%	-33.19%	13.63%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-12.86%	-30.13%	-18.16%
Cost of Revenue to Revenue	25.43%	23.90%	19.57%	17.76%	20.77%	20.05%	20.49%	25.69%	29.61%	23.94%	47.74%
SG&A Expenses to Revenue	13.87%	19.13%	35.72%	38.73%	41.51%	24.67%	20.39%	39.24%	423.33%	442.33%	44.66%
R&D to Revenue	42.72%	40.98%	35.90%	32.42%	42.94%	39.16%	40.62%	54.00%	21.85%	0.00%	0.00%
Operating Expenses to Revenue	76.91%	84.41%	103.22%	80.02%	135.60%	70.27%	75.59%	107.60%	454.74%	542.39%	72.24%
Earnings before Interest and Taxes (EBIT)	-0.44	-1.39	-5.71	-2.08	-8.62	1.36	0.52	-3.66	-3.35	-4.98	-4.62
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	0.50	0.01	-3.57	-0.10	-7.83	2.04	0.96	-2.91	-2.45	-4.07	-1.67
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	2.33	1.00	0.54	0.89	0.61	1.07	1.54	1.24
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	29.83	6.64	1.70	1.20	1.14	1.24	1.83	3.83
Price to Revenue (P/Rev)	0.00	0.00	0.00	1.74	0.54	0.41	1.67	1.16	22.43	16.72	0.96
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	3.87	21.83	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	25.85%	4.58%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	3.12	1.00	0.05	0.20	0.00	3.54	12.97	1.46
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	1.41	0.31	0.02	0.05	0.00	8.33	7.08	0.60
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.11	0.73	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.17	1.35	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	90.99	0.00	0.18	1.36	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	10.51	0.00	0.16	0.55	0.00	0.00	0.00	13.17
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	6.54	0.00	0.18	0.41	0.00	5.47	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.05	0.01	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.02	0.01	0.00	0.00	0.00	0.00
Financial Leverage	-0.63	-0.32	-0.22	-0.31	-0.40	-0.47	-0.76	-0.79	-0.79	-0.91	-0.66
Leverage Ratio	1.73	1.31	1.31	1.45	1.57	1.43	1.22	1.18	1.20	1.24	1.39
Compound Leverage Factor	1.73	1.37	1.30	1.39	1.66	1.44	3.13	1.16	0.97	1.10	1.29
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	4.90%	0.63%	0.40%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	3.28%	0.00%	0.40%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	1.62%	0.63%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	95.10%	99.37%	99.60%	100.00%	100.00%	99.98%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.25	0.17	-0.03	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	-2.49	-22.26	5.04	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.08	0.17	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.41	0.31	-0.03	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	-4.09	-41.65	5.72	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.14	0.31	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	0.00	0.00	2.47	-1.33	1.12	4.25	1.46	2.74	0.33	0.88
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.27	1.28	0.93	0.79	1.08	1.64	6.00	4.21	4.70	3.17	1.57
Quick Ratio	1.96	1.03	0.87	0.76	1.03	1.58	5.93	4.06	4.32	2.99	1.23
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-9.23	-11	-0.66	4.39	-1.57	1.25	1.70	-5.31	1.47	-1.92	-12
Operating Cash Flow to CapEx	19.66%	-117.85%	-248.37%	797.54%	-1,141.37%	0.00%	0.00%	-1,220.38%	0.00%	0.00%	384.34%
Free Cash Flow to Firm to Interest Expense	0.00	-186.47	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	-6.77	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	-12.52	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.97	0.94	0.99	0.86	0.83	0.99	0.63	0.40	0.04	0.06	1.13
Accounts Receivable Turnover	38.19	23.43	34.55	50.46	66.82	127.00	118.06	79.71	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	27.18	24.53	35.09	33.87	25.52	29.30	81.59	0.00	0.00	0.00	75.55
Accounts Payable Turnover	5.87	4.30	2.41	1.38	1.65	2.94	2.62	2.20	0.43	0.53	6.39
Days Sales Outstanding (DSO)	9.56	15.58	10.56	7.23	5.46	2.87	3.09	4.58	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	62.13	84.91	151.67	263.64	221.38	124.12	139.20	166.21	857.20	686.83	57.09
Cash Conversion Cycle (CCC)	-52.57	-69.34	-141.11	-256.41	-215.92	-121.25	-136.11	-161.63	-857.20	-686.83	-57.09
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6.63	17	13	9.22	4.76	4.76	3.57	6.32	2.27	0.60	9.72
Invested Capital Turnover	9.24	1.81	1.66	1.81	2.19	2.70	3.19	2.22	0.22	0.77	4.58
Increase / (Decrease) in Invested Capital	8.90	9.97	-3.30	-4.08	-4.46	-0.00	-1.18	2.75	-4.05	-1.67	9.12
Enterprise Value (EV)	0.00	0.00	0.00	29	4.75	0.23	0.70	-1.93	8.01	7.77	14
Market Capitalization	0.00	0.00	0.00	35	8.18	5.30	22	13	22	18	23
Book Value per Share	$0.34	$0.09	$2.67	$2.23	$1.19	$1.42	$2.55	$2.24	$2.18	$1.29	$1.38
Tangible Book Value per Share	$0.16	$0.00	$0.07	$0.17	$0.18	$0.45	$1.88	$1.19	$1.89	$1.09	$0.45
Total Capital	13	21	17	15	8.19	10	25	21	20	12	18
Total Debt	0.00	0.00	0.00	0.00	0.00	0.51	0.16	0.09	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.17	0.16	0.00	0.00	0.00	0.00
Net Debt	-6.68	-4.16	-4.14	-6.56	-3.43	-5.08	-21	-15	-14	-11	-8.43
Capital Expenditures (CapEx)	0.49	0.35	0.29	0.34	0.39	0.00	0.00	0.24	0.00	0.00	0.28
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1.83	-2.79	-4.49	-8.45	-3.15	-2.94	-3.28	-2.91	-1.94	-2.89	-4.28
Debt-free Net Working Capital (DFNWC)	4.85	1.37	-0.35	-1.90	0.27	2.65	18	12	12	7.69	4.16
Net Working Capital (NWC)	4.85	1.37	-0.35	-1.90	0.27	2.31	18	12	12	7.69	4.16
Net Nonoperating Expense (NNE)	-0.06	0.23	1.93	4.11	2.35	-0.13	-0.81	0.85	-1.52	4.84	-1.35
Net Nonoperating Obligations (NNO)	-6.68	-4.25	-4.14	-5.94	-3.43	-5.08	-21	-15	-18	-11	-8.46
Total Depreciation and Amortization (D&A)	0.94	1.40	2.13	1.99	0.78	0.68	0.45	0.75	0.90	0.91	2.96
Debt-free, Cash-free Net Working Capital to Revenue	-9.08%	-13.29%	-18.06%	-41.57%	-20.63%	-22.90%	-24.71%	-26.51%	-201.76%	-263.53%	-18.12%
Debt-free Net Working Capital to Revenue	24.10%	6.55%	-1.40%	-9.32%	1.80%	20.62%	138.29%	107.62%	1,208.59%	700.57%	17.60%
Net Working Capital to Revenue	24.10%	6.55%	-1.40%	-9.32%	1.80%	17.98%	138.29%	106.85%	1,208.59%	700.57%	17.60%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.03)	($0.26)	($0.91)	($0.56)	($1.22)	$0.20	$0.00	($0.35)	($0.12)	($0.91)	($0.15)
Adjusted Weighted Average Basic Shares Outstanding	39.69M	6.45M	6.72M	6.87M	6.88M	6.88M	7.77M	9.64M	9.22M	9.23M	13.15M
Adjusted Diluted Earnings per Share	($0.03)	($0.26)	($0.91)	($0.56)	($1.22)	$0.20	$0.00	($0.35)	($0.12)	($0.91)	($0.15)
Adjusted Weighted Average Diluted Shares Outstanding	39.69M	6.45M	6.72M	6.87M	6.88M	6.89M	7.81M	9.64M	9.22M	9.23M	13.15M
Adjusted Basic & Diluted Earnings per Share	($0.03)	($0.26)	($0.91)	($0.56)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	39.63M	5.58M	6.45M	6.72M	6.87M	6.91M	9.84M	9.22M	9.22M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	-0.33	-1.22	-3.96	0.32	-1.30	1.24	1.28	-2.56	-2.59	-3.59	-2.80
Normalized NOPAT Margin	-1.64%	-5.82%	-15.95%	1.55%	-8.50%	9.68%	9.61%	-23.26%	-269.05%	-326.43%	-11.86%
Pre Tax Income Margin	-2.17%	-6.92%	-22.81%	-9.85%	-59.44%	10.69%	10.05%	-32.61%	-282.21%	-401.20%	-18.14%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	-23.20	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	-20.33	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	-28.95	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	-26.08	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	-0.02%	0.65%	0.00%	-29.25%	-0.68%	0.00%	-15.39%

This table displays calculated financial ratios and metrics derived from Intelligent Protection Management's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	9,222,157.00	9,222,157.00	9,222,157.00	9,222,157.00	9,222,157.00	9,222,157.00	9,222,157.00	9,222,157.00	9,222,157.00	9,222,157.00	9,222,157.00
DEI Adjusted Shares Outstanding	9,222,157.00	9,222,157.00	9,222,157.00	9,222,157.00	9,222,157.00	9,222,157.00	9,222,157.00	9,222,157.00	9,222,157.00	9,222,157.00	9,222,157.00
DEI Earnings Per Adjusted Shares Outstanding	-0.02	-0.03	-0.05	-0.10	-0.16	-0.60	0.09	-0.11	-0.12	-0.07	-0.07
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.51%	-362.12%	-89.41%	-90.82%	-90.05%	103.82%	1,931.89%	2,008.48%	2,164.91%	2,091.59%	15.16%
EBITDA Growth	80.10%	-304.56%	-13.98%	-333.57%	-670.99%	28.65%	43.08%	73.07%	35.54%	80.73%	76.84%
EBIT Growth	63.28%	-180.99%	-10.56%	-1,484.58%	-281.95%	25.61%	-32.73%	-17.81%	3.47%	48.05%	44.06%
NOPAT Growth	63.28%	-164.64%	-10.56%	-362.35%	-281.95%	25.61%	-32.73%	-7.48%	3.47%	48.05%	42.41%
Net Income Growth	82.71%	42.72%	33.32%	-788.75%	-731.19%	-1,839.49%	264.23%	-12.40%	28.24%	88.49%	-181.66%
EPS Growth	81.82%	25.00%	37.50%	-1,100.00%	-700.00%	-1,900.00%	220.00%	-140.00%	-50.00%	145.00%	-183.33%
Operating Cash Flow Growth	101.64%	70.29%	35.14%	-29.65%	-4,955.47%	-1,383.11%	435.02%	-253.70%	117.06%	105.97%	-111.22%
Free Cash Flow Firm Growth	89.83%	177.65%	70.58%	121.22%	185.83%	-78.12%	-659.30%	-5,362.07%	-2,158.33%	-1,825.41%	135.64%
Invested Capital Growth	1.59%	-64.14%	2.45%	-12.49%	-20.42%	-73.56%	84.41%	93.03%	106.40%	1,522.59%	-23.41%
Revenue Q/Q Growth	-6.36%	-364.67%	103.71%	-0.06%	1.48%	1.62%	1,871.58%	3.71%	9.01%	-1.67%	3.60%
EBITDA Q/Q Growth	-156.01%	-1,061.04%	58.92%	12.58%	-84.89%	-7.44%	67.22%	58.64%	-342.50%	67.89%	60.60%
EBIT Q/Q Growth	-695.92%	-444.78%	52.63%	9.97%	-64.39%	-6.10%	15.47%	20.09%	-34.69%	42.90%	8.98%
NOPAT Q/Q Growth	-71.30%	-444.78%	52.63%	-4.58%	-41.51%	-6.10%	15.47%	15.31%	-27.09%	42.90%	6.30%
Net Income Q/Q Growth	-233.88%	-55.91%	-73.90%	-89.75%	-61.56%	-263.79%	114.73%	-229.87%	-3.15%	41.65%	-4.47%
EPS Q/Q Growth	-300.00%	-50.00%	-66.67%	-100.00%	-60.00%	-275.00%	110.00%	-500.00%	0.00%	212.50%	-118.52%
Operating Cash Flow Q/Q Growth	108.29%	-716.21%	-426.32%	51.76%	-210.32%	-88.22%	218.89%	-150.93%	114.97%	-34.17%	-323.46%
Free Cash Flow Firm Q/Q Growth	33.91%	780.69%	-133.59%	114.04%	167.27%	73.54%	-1,265.58%	2.67%	-4.55%	-45.47%	124.08%
Invested Capital Q/Q Growth	-2.55%	-66.11%	193.67%	-9.78%	-11.38%	-88.74%	1,947.96%	-5.56%	-5.24%	-11.46%	-3.33%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	70.13%	0.00%	77.30%	73.09%	79.54%	74.32%	55.33%	50.07%	50.68%	53.14%	48.70%
EBITDA Margin	-5.90%	0.00%	-286.70%	-250.79%	-456.93%	-483.12%	-8.03%	-3.20%	-13.00%	-4.25%	-1.62%
Operating Margin	-14.07%	0.00%	-370.07%	-387.26%	-540.04%	-563.86%	-24.17%	-19.74%	-23.02%	-13.37%	-12.09%
EBIT Margin	-14.07%	0.00%	-370.07%	-333.36%	-540.04%	-563.86%	-24.17%	-18.63%	-23.02%	-13.37%	-11.74%
Profit (Net Income) Margin	-6.56%	0.00%	-181.28%	-344.19%	-547.98%	-1,961.74%	14.65%	-18.35%	-17.36%	-10.30%	-10.39%
Tax Burden Percent	82.73%	14.56%	57.71%	122.83%	113.49%	375.33%	-64.60%	107.36%	81.26%	87.67%	96.41%
Interest Burden Percent	56.36%	91.65%	84.88%	84.06%	89.41%	92.69%	93.82%	91.75%	92.84%	87.93%	91.77%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-16.45%	0.00%	0.00%	0.00%	0.00%	-302.60%	-11.35%	-18.53%	-35.10%	-42.80%	-19.09%
ROIC Less NNEP Spread (ROIC-NNEP)	-17.08%	0.00%	0.00%	0.00%	0.00%	-272.53%	-27.29%	-16.07%	-34.31%	-42.22%	-17.64%
Return on Net Nonoperating Assets (RNNOA)	11.71%	0.00%	0.00%	0.00%	0.00%	248.15%	14.63%	8.76%	18.83%	27.73%	7.72%
Return on Equity (ROE)	-4.74%	0.00%	-4.11%	-9.63%	-17.07%	-54.45%	3.28%	-9.77%	-16.27%	-15.07%	-11.37%
Cash Return on Invested Capital (CROIC)	-26.67%	34.13%	-42.81%	-36.38%	-43.32%	-133.91%	-99.68%	-107.49%	-116.49%	-240.79%	-0.32%
Operating Return on Assets (OROA)	-6.19%	0.00%	0.00%	0.00%	0.00%	-31.15%	-5.67%	-8.40%	-16.71%	-15.06%	-9.46%
Return on Assets (ROA)	-2.89%	0.00%	0.00%	0.00%	0.00%	-108.38%	3.44%	-8.28%	-12.61%	-11.61%	-8.37%
Return on Common Equity (ROCE)	-4.74%	0.00%	-4.11%	-9.63%	-17.07%	-54.45%	3.28%	-9.77%	-16.27%	-15.07%	-11.37%
Return on Equity Simple (ROE_SIMPLE)	-6.28%	0.00%	-4.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-0.27	-1.49	-0.70	-0.74	-1.04	-1.10	-0.93	-0.79	-1.01	-0.57	-0.54
NOPAT Margin	-9.85%	0.00%	-259.05%	-271.08%	-378.03%	-394.70%	-16.92%	-13.82%	-16.11%	-9.36%	-8.46%
Net Nonoperating Expense Percent (NNEP)	0.63%	7.39%	1.57%	-1.50%	-3.64%	-30.07%	15.95%	-2.46%	-0.79%	-0.59%	-1.45%
Return On Investment Capital (ROIC_SIMPLE)	-	-7.38%	-3.57%	-3.91%	-5.99%	-9.28%	-4.25%	-3.98%	-5.20%	-3.16%	-3.08%
Cost of Revenue to Revenue	29.87%	0.00%	22.70%	26.91%	20.46%	25.68%	44.67%	49.93%	49.32%	46.86%	51.30%
SG&A Expenses to Revenue	33.48%	0.00%	273.80%	289.76%	454.38%	741.94%	53.24%	43.37%	42.02%	40.83%	39.46%
R&D to Revenue	43.12%	0.00%	97.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	84.20%	0.00%	447.37%	460.35%	619.58%	638.18%	79.51%	69.81%	73.70%	66.50%	60.79%
Earnings before Interest and Taxes (EBIT)	-0.39	-2.12	-1.01	-0.90	-1.49	-1.58	-1.33	-1.07	-1.44	-0.82	-0.75
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.16	-1.90	-0.78	-0.68	-1.26	-1.35	-0.44	-0.18	-0.81	-0.26	-0.10
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.82	1.07	1.44	1.97	1.72	1.54	1.09	2.51	2.78	1.24	1.15
Price to Tangible Book Value (P/TBV)	1.50	1.24	2.61	3.64	3.33	1.83	3.62	8.74	9.65	3.83	3.60
Price to Revenue (P/Rev)	1.51	22.43	0.00	0.00	0.00	16.72	3.62	4.23	2.94	0.96	0.82
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.45	3.54	2.31	4.04	3.34	12.97	1.15	3.59	4.04	1.46	1.27
Enterprise Value to Revenue (EV/Rev)	0.27	8.33	0.00	0.00	0.00	7.08	2.23	3.53	2.50	0.60	0.49
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	13.17	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	5.47	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.04	0.00	0.03	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.04	0.00	0.03	0.00	0.00
Financial Leverage	-0.69	-0.79	-0.67	-0.67	-0.68	-0.91	-0.54	-0.55	-0.55	-0.66	-0.44
Leverage Ratio	1.19	1.20	1.18	1.19	1.21	1.24	1.33	1.35	1.35	1.39	1.57
Compound Leverage Factor	0.67	1.10	1.00	1.00	1.09	1.15	1.24	1.24	1.26	1.23	1.44
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.08%	0.00%	4.00%	0.00%	2.92%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.08%	0.00%	4.00%	0.00%	2.92%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.02%	0.02%	0.02%	0.02%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	99.92%	100.00%	95.98%	99.98%	97.06%	99.98%	99.98%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	-0.23	0.00	-0.17	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	2.53	0.00	2.27	0.00	2.35	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	-0.23	0.00	-0.17	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	-0.23	0.00	-0.15	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	3.04	0.00	2.31	0.00	2.03	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	-0.23	0.00	-0.15	0.00	0.00
Altman Z-Score	2.82	2.91	4.70	5.29	2.99	1.04	0.66	2.37	3.09	1.36	0.68
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.01%	0.01%	0.02%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.88	4.70	5.09	4.43	3.47	3.17	1.71	1.53	1.55	1.57	1.51
Quick Ratio	4.57	4.32	4.76	4.16	3.21	2.99	1.40	1.21	1.15	1.23	1.12
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-0.38	2.57	-0.86	0.12	0.32	0.56	-6.55	-6.38	-6.67	-9.70	2.33
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-278.76%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.44	0.04	0.00	0.00	0.00	0.06	0.23	0.45	0.73	1.13	0.81
Accounts Receivable Turnover	84.12	0.00	0.00	0.00	0.00	0.00	4.73	7.01	22.43	0.00	10.30
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	75.55	42.90
Accounts Payable Turnover	3.77	0.43	0.00	0.00	0.00	0.53	1.21	2.41	3.64	6.39	3.66
Days Sales Outstanding (DSO)	4.34	0.00	0.00	0.00	0.00	0.00	77.21	52.04	16.27	0.00	35.43
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	96.86	857.20	0.00	0.00	0.00	686.83	300.82	151.51	100.29	57.09	99.60
Cash Conversion Cycle (CCC)	-92.52	-857.20	0.00	0.00	0.00	-686.83	-223.61	-99.47	-84.02	-57.09	-64.16
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6.69	2.27	6.65	6.00	5.32	0.60	12	12	11	9.72	9.40
Invested Capital Turnover	1.67	0.22	0.00	0.00	0.00	0.77	0.67	1.34	2.18	4.58	2.26
Increase / (Decrease) in Invested Capital	0.10	-4.05	0.16	-0.86	-1.37	-1.67	5.62	5.59	5.66	9.12	-2.87
Enterprise Value (EV)	3.03	8.01	15	24	18	7.77	14	42	44	14	12
Market Capitalization	17	22	28	37	30	18	23	50	52	23	20
Book Value per Share	$2.21	$2.18	$2.14	$2.04	$1.88	$1.29	$1.60	$0.75	$0.72	$1.38	$1.34
Tangible Book Value per Share	$1.21	$1.89	$1.18	$1.10	$0.97	$1.09	$0.48	$0.22	$0.21	$0.45	$0.42
Total Capital	20	20	20	19	17	12	22	20	19	18	17
Total Debt	0.00	0.00	0.00	0.00	0.01	0.00	0.88	0.00	0.56	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.01	0.00	0.88	0.00	0.56	0.00	0.00
Net Debt	-14	-14	-13	-13	-12	-11	-8.80	-8.30	-7.78	-8.43	-8.08
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.07
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1.94	-1.94	-1.76	-2.17	-2.69	-2.89	-3.50	-3.66	-4.12	-4.28	-3.91
Debt-free Net Working Capital (DFNWC)	12	12	11	11	9.37	7.69	6.19	4.64	4.22	4.16	4.17
Net Working Capital (NWC)	12	12	11	11	9.37	7.69	6.19	4.64	4.22	4.16	4.17
Net Nonoperating Expense (NNE)	-0.09	-1.20	-0.21	0.20	0.47	4.39	-1.74	0.26	0.08	0.06	0.12
Net Nonoperating Obligations (NNO)	-14	-18	-13	-13	-12	-11	-8.80	-8.30	-7.78	-8.46	-8.07
Total Depreciation and Amortization (D&A)	0.23	0.23	0.23	0.22	0.23	0.23	0.89	0.88	0.62	0.56	0.64
Debt-free, Cash-free Net Working Capital to Revenue	-17.53%	-201.76%	0.00%	0.00%	0.00%	-263.53%	-55.12%	-31.03%	-23.21%	-18.12%	-16.00%
Debt-free Net Working Capital to Revenue	105.79%	1,208.59%	0.00%	0.00%	0.00%	700.57%	97.50%	39.34%	23.79%	17.60%	17.07%
Net Working Capital to Revenue	105.79%	1,208.59%	0.00%	0.00%	0.00%	700.57%	97.50%	39.34%	23.79%	17.60%	17.07%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.02)	($0.03)	($0.05)	($0.10)	($0.16)	($0.60)	$0.06	($0.24)	($0.24)	$0.27	($0.05)
Adjusted Weighted Average Basic Shares Outstanding	9.22M	9.22M	9.22M	9.22M	9.23M	9.23M	13.19M	26.40M	26.22M	13.15M	13.07M
Adjusted Diluted Earnings per Share	($0.02)	($0.03)	($0.05)	($0.10)	($0.16)	($0.60)	$0.06	($0.24)	($0.24)	$0.27	($0.05)
Adjusted Weighted Average Diluted Shares Outstanding	9.22M	9.22M	9.22M	9.22M	9.23M	9.23M	13.19M	26.40M	26.22M	13.15M	13.07M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	9.22M	9.22M	9.22M	9.22M	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	-0.27	-1.49	-0.70	-0.74	-1.04	-1.10	-0.93	-0.79	-0.65	-0.57	-0.47
Normalized NOPAT Margin	-9.85%	0.00%	-259.05%	-271.08%	-378.03%	-394.70%	-16.92%	-13.82%	-10.42%	-9.36%	-7.34%
Pre Tax Income Margin	-7.93%	0.00%	-314.11%	-280.22%	-482.85%	-522.67%	-22.68%	-17.09%	-21.37%	-11.75%	-10.78%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-33.85%	-0.68%	0.00%	0.00%	0.00%	0.00%	0.00%	-2.94%	-4.42%	-15.39%	-11.23%

Financials Breakdown Chart

Key Financial Trends

Intelligent Protection Management (NASDAQ: IPM) showed a sharp top-line rebound in Q1 2026, but the quarter still came with meaningful losses and negative operating cash flow. Revenue rose to $6.35 million, up modestly from $6.13 million in Q4 2025 and $5.72 million in Q2 2025. However, the company remained unprofitable, posting a net loss of $660,214 and negative operating cash flow of $195,712.

The bigger picture is mixed. IPM has clearly improved from the much weaker periods seen in 2024 and early 2025, when losses were larger and operating cash flow was often negative. But the company has not yet reached consistent profitability, and Q1 2026 also showed that expenses remain high relative to revenue.

Revenue increased year over year in Q1 2026 to $6.35 million from $5.52 million in Q1 2025, showing continued business growth.
Gross profit remained strong at $3.09 million, with gross margin near 49%, which suggests the core business still produces healthy contribution dollars.
Balance sheet liquidity remains solid, with $7.04 million in cash and equivalents and $1.05 million in restricted cash at the end of Q1 2026.
Total equity was $17.47 million, indicating the company still has a meaningful equity cushion.
Q1 2026 was better than the recent weak quarters in some respects, but the company still reported a net loss and negative operating cash flow.
The company continues to carry sizable intangible assets and goodwill, which make up a large portion of total assets and should be watched for potential impairment risk.
Shares outstanding have increased materially versus early 2024, which can dilute per-share results even when revenue rises.
Operating expenses were high at $3.86 million in Q1 2026, nearly offsetting gross profit and keeping operating income negative.
Operating cash flow turned negative again in Q1 2026 after being positive in Q4 2025, showing the business has not yet established consistent cash generation.
The company used $83,491 to repurchase common equity in the quarter, but this small capital action did not offset the underlying losses or cash burn.

Looking across the last four years, IPM has moved from very volatile results in 2023 and 2024 toward a more stable revenue base in 2025 and 2026, but profitability remains elusive. Revenue is far higher than it was in 2024, yet the company still posts operating losses because expenses are also elevated. For investors, the main question is whether IPM can convert its stronger sales base into sustained earnings and positive free cash flow.

Bottom line: IPM’s Q1 2026 numbers show revenue resilience and decent liquidity, but the company still needs to prove it can control expenses and produce consistent profits. Until that happens, the stock likely remains a higher-risk turnaround story.

07/25/26 12:15 PM ETAI Generated. May Contain Errors.

Intelligent Protection Management Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Intelligent Protection Management's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Intelligent Protection Management's net income appears to be on an upward trend, with a most recent value of -$1.96 million in 2025, rising from -$265.93 thousand in 2015. The previous period was -$8.43 million in 2024. View Intelligent Protection Management's forecast to see where analysts expect Intelligent Protection Management to go next.

Intelligent Protection Management's total operating income in 2025 was -$4.72 million, based on the following breakdown:

Total Gross Profit: $12.34 million
Total Operating Expenses: $17.06 million

Over the last 10 years, Intelligent Protection Management's total revenue changed from $20.12 million in 2015 to $23.61 million in 2025, a change of 17.3%.

Intelligent Protection Management's total liabilities were at $7.85 million at the end of 2025, a 97.7% increase from 2024, and a 98.3% increase since 2015.

In the past 10 years, Intelligent Protection Management's cash and equivalents has ranged from $3.43 million in 2019 to $21.64 million in 2021, and is currently $7.40 million as of their latest financial filing in 2025.

Over the last 10 years, Intelligent Protection Management's book value per share changed from 0.34 in 2015 to 1.38 in 2025, a change of 312.7%.

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Financial statements for NASDAQ:IPM last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Intelligent Protection Management (IPM) Financials

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Intelligent Protection Management (IPM) Financials

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Financials Breakdown Chart

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When does Intelligent Protection Management's fiscal year end?

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