Intelligent Protection Management Corp (IPM) Balance Sheet
IPM balance sheet, 2025
December 31, 2025 · U.S. dollars$26.0M assets = $7.9M liabilities + $18.2M equity
Both columns are drawn to the same scale: what IPM owns equals what it owes plus shareholders’ equity. Hover a block for its value.
IPM financial health
Descriptive bands, not a rating. Fiscal 2025.
IPM balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $27.5M2016 | $26.0M2025 | −0.6%/yr | |
| Total liabilities | $6.7M2016 | $7.9M2025 | +1.8%/yr | |
| Shareholders’ equity | $20.8M2016 | $18.2M2025 | −1.5%/yr | |
| Cash & short-term investments | $4.2M2016 | $6.6M2025 | +5.3%/yr | |
| Total debt | $232,4232018 | $1.1M2025 | +25.6%/yr | |
| Net cash (debt) | $6.3M2018 | $5.5M2025 | −$834,688 | |
| Working capital | $1.4M2016 | $4.2M2025 | +$2.8M | |
| Book value per share | $3.742016 | $1.632025 | −8.8%/yr | |
| Current ratio | 1.282016 | 1.572025 | +0.29 | |
| Debt / equity | 0.022018 | 0.062025 | +0.05 | |
| Shares outstanding | 5.6M2016 | 11.1M2025 | +8.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
IPM assets
IPM liabilities and equity
IPM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
IPM balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $6.6M | $10.6M | $13.6M | $14.7M | $21.6M | $5.6M | $3.4M | $6.6M | $4.1M | $4.2M |
| Cash & equivalents | $6.6M | $10.6M | $13.6M | $14.7M | $21.6M | $5.6M | $3.4M | $6.6M | $4.1M | $4.2M |
| Receivables | $1.6M | $114,212 | $114,212 | $122,297 | $153,448 | $71,410 | $130,686 | $421,284 | $619,937 | $1.1M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $3.2M | $535,347 | $1.1M | $543,199 | $239,258 | $236,704 | $167,441 | $288,721 | $228,296 | $1.0M |
| Total current assets | $11.5M | $11.2M | $14.8M | $15.4M | $22.0M | $5.9M | $3.7M | $7.3M | $5.0M | $6.3M |
| Property, plant & equipment (net) | $1.7M | $74,490 | $77,005 | $159,181 | $309,090 | $324,744 | $1.3M | $810,334 | $622,712 | $793,305 |
| Goodwill & intangible assets | $12.3M | $1.9M | $9.0M | $9.9M | $6.5M | $6.7M | $7.0M | $14.0M | $17.0M | $19.9M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $602,688 | $2.7M | $13,937 | $13,937 | $21,199 | $663,082 | $235,105 | $2.4M | $149,537 | $480,043 |
| Total assets | $26.0M | $15.9M | $23.9M | $25.4M | $28.9M | $13.6M | $12.2M | $24.4M | $22.8M | $27.5M |
| Liabilities | ||||||||||
| Accounts payable | $1.6M | $380,298 | $99,307 | $1.0M | $1.3M | $742,141 | $1.0M | $2.8M | $2.4M | $1.7M |
| Short-term debt | $756,590 | $74,490 | $77,005 | $82,176 | $80,309 | $407,759 | $178,479 | $114,789 | — | — |
| Deferred revenue | $3.9M | $555,039 | $544,442 | $2.3M | $1.9M | $2.1M | $1.8M | $4.8M | $2.6M | $2.8M |
| Total current liabilities | $7.3M | $3.5M | $3.1M | $3.7M | $3.7M | $3.6M | $3.5M | $9.2M | $5.3M | $5.0M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $167,708 | $0 | $0 | $0 | $0 |
| Lease obligations | $1.1M | $74,490 | $77,005 | $159,181 | $239,491 | $68,967 | — | — | — | — |
| Other long-term liabilities | $536,804 | $429,045 | $614,041 | $793,908 | $159,181 | $0 | $583,075 | $117,634 | $0 | $1.7M |
| Total liabilities | $7.9M | $4.0M | $3.8M | $4.5M | $3.8M | $3.8M | $4.0M | $9.3M | $5.3M | $6.7M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $9,879 | $9,879 | $9,864 | $9,864 | $9,864 | $6,917 | $6,879 | $6,869 | $6,882 | $6,715 |
| Retained earnings (deficit) | −$25.3M | −$23.3M | −$14.9M | −$13.8M | −$10.4M | −$11.7M | −$13.1M | −$4.7M | −$923,074 | $5.0M |
| Total shareholders' equity | $18.2M | $11.9M | $20.1M | $21.0M | $25.1M | $9.8M | $8.2M | $15.2M | $17.4M | $20.8M |
| Key figures | ||||||||||
| Total debt | $1.1M | $74,490 | $77,005 | $159,181 | $239,491 | $575,467 | $761,554 | $232,423 | — | — |
| Net cash (debt) | $5.5M | $10.5M | $13.5M | $14.6M | $21.4M | $5.0M | $2.7M | $6.3M | — | — |
| Working capital | $4.2M | $7.7M | $11.6M | $11.7M | $18.4M | $2.3M | $274,623 | −$1.9M | −$348,442 | $1.4M |
| Tangible book value | $5.9M | $10.0M | $11.1M | $11.1M | $18.5M | $3.1M | $1.2M | $1.2M | $423,807 | $933,602 |
| Book value per share | $1.63 | $1.29 | $2.18 | $2.18 | $3.21 | $1.43 | $1.19 | $2.25 | $2.70 | $3.74 |
| Shares outstanding | 11.1M | 9.2M | 9.2M | 9.6M | 7.8M | 6.9M | 6.9M | 6.7M | 6.5M | 5.6M |
| Current ratio | 1.57 | 3.17 | 4.70 | 4.21 | 6.00 | 1.64 | 1.08 | 0.79 | 0.93 | 1.28 |
| Quick ratio | 1.12 | 3.02 | 4.36 | 4.06 | 5.93 | 1.58 | 1.03 | 0.76 | 0.89 | 1.07 |
| Debt / equity | 0.06 | 0.01 | 0.00 | 0.01 | 0.01 | 0.06 | 0.09 | 0.02 | — | — |
| Equity / assets | 69.8% | 75.0% | 84.3% | 82.5% | 86.7% | 72.4% | 67.0% | 62.0% | 76.6% | 75.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $7.5M | $6.7M | $6.6M | $8.3M | $7.3M | $9.7M | $10.6M | $12.1M | $12.8M | $13.0M | $13.6M | $13.7M |
| Cash & equivalents | $7.5M | $6.7M | $6.6M | $8.3M | $7.3M | $9.7M | $10.6M | $12.1M | $12.8M | $13.0M | $13.6M | $13.7M |
| Receivables | $1.9M | $2.2M | $1.6M | $1.5M | $3.4M | $2.7M | $114,212 | $229,068 | $206,970 | $209,647 | $114,212 | $257,434 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $2.4M | $3.5M | $3.2M | $2.1M | $2.7M | $2.6M | $535,347 | $868,428 | $721,572 | $795,868 | $1.1M | $822,647 |
| Total current assets | $11.8M | $12.4M | $11.5M | $11.9M | $13.4M | $15.0M | $11.2M | $13.2M | $13.7M | $14.1M | $14.8M | $14.7M |
| Property, plant & equipment (net) | $4.6M | $4.7M | $1.7M | $2.0M | $2.3M | $1.4M | $74,490 | $95,306 | $116,388 | $56,164 | $77,005 | $97,727 |
| Goodwill & intangible assets | $11.5M | $11.9M | $12.3M | $13.4M | $14.2M | $14.7M | $1.9M | $8.4M | $8.6M | $8.8M | $9.0M | $9.2M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $481,023 | $552,787 | $602,688 | $13,937 | $13,937 | $13,937 | $2.7M | $13,937 | $13,937 | $13,937 | $13,937 | $13,937 |
| Total assets | $28.4M | $29.5M | $26.0M | $27.2M | $29.8M | $31.1M | $15.9M | $21.7M | $22.5M | $22.9M | $23.9M | $24.1M |
| Liabilities | ||||||||||||
| Accounts payable | $2.8M | $2.2M | $1.6M | $2.3M | $2.3M | $2.5M | $380,298 | $1.4M | $812,164 | $711,598 | $99,307 | $680,187 |
| Short-term debt | $564,980 | $465,656 | $756,590 | $788,138 | $768,060 | $805,022 | $74,490 | $81,645 | $82,334 | $56,164 | $77,005 | $76,886 |
| Deferred revenue | $4.5M | $4.7M | $3.9M | $3.5M | $3.9M | $3.7M | $555,039 | $2.1M | $1.9M | $1.9M | $544,442 | $2.2M |
| Total current liabilities | $8.4M | $8.2M | $7.3M | $7.7M | $8.7M | $8.8M | $3.5M | $3.8M | $3.1M | $2.8M | $3.1M | $3.0M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $4.2M | $4.2M | $1.1M | $1.4M | $1.5M | $1.7M | $74,490 | $95,306 | $116,388 | $56,164 | $77,005 | $97,727 |
| Other long-term liabilities | $3.8M | $3.9M | $536,804 | $821,597 | $1.2M | $1.3M | $429,045 | $525,554 | $576,586 | $482,957 | $614,041 | $719,525 |
| Total liabilities | $12.2M | $12.1M | $7.9M | $8.5M | $9.9M | $10.1M | $4.0M | $4.3M | $3.7M | $3.2M | $3.8M | $3.7M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $9,879 | $9,879 | $9,879 | $9,879 | $9,879 | $9,879 | $9,879 | $9,879 | $9,864 | $9,864 | $9,864 | $9,864 |
| Retained earnings (deficit) | −$27.3M | −$25.9M | −$25.3M | −$24.6M | −$23.6M | −$22.5M | −$23.3M | −$17.8M | −$16.3M | −$15.4M | −$14.9M | −$14.6M |
| Total shareholders' equity | $16.2M | $17.5M | $18.2M | $18.8M | $19.9M | $21.1M | $11.9M | $17.4M | $18.8M | $19.7M | $20.1M | $20.4M |
| Key figures | ||||||||||||
| Total debt | $4.2M | $4.2M | $1.1M | $1.4M | $1.5M | $1.7M | $74,490 | $95,306 | $116,388 | $56,164 | $77,005 | $97,727 |
| Net cash (debt) | $3.3M | $2.5M | $5.5M | $7.0M | $5.8M | $8.0M | $10.5M | $12.0M | $12.7M | $13.0M | $13.5M | $13.6M |
| Working capital | $3.3M | $4.2M | $4.2M | $4.2M | $4.6M | $6.2M | $7.7M | $9.4M | $10.6M | $11.3M | $11.6M | $11.7M |
| Tangible book value | $4.6M | $5.6M | $5.9M | $5.4M | $5.7M | $6.3M | $10.0M | $8.9M | $10.2M | $10.9M | $11.1M | $11.1M |
| Book value per share | $1.24 | $1.34 | $1.63 | $2.04 | $2.16 | $2.28 | $1.29 | $1.88 | $2.04 | $2.14 | $2.18 | $2.21 |
| Shares outstanding | 13.0M | 13.1M | 11.1M | 9.2M | 9.2M | 9.2M | 9.2M | 9.2M | 9.2M | 9.2M | 9.2M | 9.2M |
| Current ratio | 1.40 | 1.51 | 1.57 | 1.55 | 1.53 | 1.71 | 3.17 | 3.47 | 4.43 | 5.09 | 4.70 | 4.88 |
| Quick ratio | 1.12 | 1.08 | 1.12 | 1.28 | 1.22 | 1.41 | 3.02 | 3.24 | 4.20 | 4.80 | 4.36 | 4.61 |
| Debt / equity | 0.26 | 0.24 | 0.06 | 0.07 | 0.07 | 0.08 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 |
| Equity / assets | 57.0% | 59.1% | 69.8% | 68.9% | 66.7% | 67.7% | 75.0% | 80.1% | 83.6% | 85.9% | 84.3% | 84.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 17, 2026); data from EODHD.
IPM financial position
At the end of fiscal 2025 (December 31, 2025), Intelligent Protection Management had total assets of $26.0 million (up 64.1% from a year earlier), total liabilities of $7.9 million and shareholders' equity of $18.2 million. It held $6.6 million in cash and short-term investments against $1.1 million of debt, a net cash position of $5.5 million. Its current ratio was 1.57. In the latest quarter (ended June 30, 2026) total assets were $28.4 million and equity $16.2 million.
Related: IPM income statement, IPM cash flow statement, IPM key metrics. See the IPM stock overview for the latest quote and news.
IPM balance sheet FAQ
What are Intelligent Protection Management's total assets?
Intelligent Protection Management reported total assets of $26.0 million at the end of fiscal 2025 (December 31, 2025), compared with $15.9 million a year earlier.
How much debt does Intelligent Protection Management have?
Intelligent Protection Management had $1.1 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.06.
How much cash does Intelligent Protection Management have?
Intelligent Protection Management held $6.6 million in cash and short-term investments at the end of fiscal 2025; with $1.1 million of debt that is net cash of $5.5 million.
What is Intelligent Protection Management's book value?
Intelligent Protection Management's shareholders' equity (book value) was $18.2 million at the end of fiscal 2025, or $1.63 per share.
What is Intelligent Protection Management's current ratio?
Intelligent Protection Management had current assets of $11.5 million and current liabilities of $7.3 million, a current ratio of 1.57 (it can cover its short-term obligations).
How much goodwill does Intelligent Protection Management have?
Intelligent Protection Management carried $12.3 million of goodwill and intangible assets, 47.1% of total assets, at the end of fiscal 2025.