IPM

MKT CAP:$16M

Intelligent Protection Management Corp.

Market Cap

$16M

Technology·Software - Application·🇺🇸 United States·NASDAQ

Technology·Software App·🇺🇸·NASDAQ

Stock Price

$1.77+$0.04 (+2.31%)

Apr 21, 2026

Company Details

Intelligent Protection Management Corp. engages in the development of communications software to enhance security and privacy solutions for multimedia communication and data transmission. Its solutions include blockchain strategy consulting...

CEO

Jason Katz

IPO Date

Feb 27, 1998

Website

www.paltalk.com

Key Metrics TTM

Revenue

$24M

+124.1% YoY

Net Income

-$2M

EPS (Diluted)

-$0.27

Free Cash Flow

$796.6K

Revenue / Share

$5.92

Gross Margin

52.3%

Operating Margin

-17.1%

Net Margin

-8.3%

FCF Margin

3.4%

P/S

0.7x

P/E

—

Earnings Reports

Q1 2026

May 14, 2026

PENDING

FY 2025

Mar 17, 2026

$24MEPS -$0.15

Q4 2025

Mar 17, 2026

$6MEPS -$0.16

Q3 2025

Nov 12, 2025

$6M+194.1%EPS -$0.08

Q2 2025

Aug 12, 2025

$6MEPS -$0.11

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$3M	$3M	$577.0K
Q3 21	$3M	$3M	-$456.5K
Q4 21	$3M	$2M	-$9.8K
Q1 22	$3M	$2M	-$713.2K
Q2 22	$3M	$2M	-$1M
Q3 22	$3M	$2M	-$1M
Q4 22	$3M	$2M	-$801.7K
Q1 23	$3M	$2M	-$909.0K
Q2 23	$3M	$2M	-$277.7K
Q3 23	$3M	$2M	-$389.4K
Q4 23	$3M	$2M	-$494.1K
Q3 24	$2M	$1M	-$2M
Q1 25	$6M	$3M	-$1M
Q2 25	$6M	$2M	-$1M
Q3 25	$6M	$3M	-$1M
Q4 25	$6M	$4M	-$127.1K

Valuation

Quarter	P/S	P/E
Q2 21	2.9x	13.0x
Q3 21	2.9x	21.1x
Q4 21	3.0x	29.6x
Q1 22	1.4x	—
Q2 22	1.5x	—
Q3 22	1.6x	—
Q4 22	1.6x	—
Q1 23	1.6x	—
Q2 23	1.6x	—
Q3 23	1.6x	—
Q4 23	1.6x	—
Q3 24	1.7x	—
Q1 25	1.2x	—
Q2 25	1.1x	—
Q3 25	0.9x	—
Q4 25	0.7x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 21	$515.9K	$515.9K
Q3 21	$478.1K	$478.1K
Q4 21	$175.4K	$175.4K
Q1 22	-$1M	-$1M
Q2 22	-$411.0K	-$411.0K
Q3 22	-$979.7K	-$979.8K
Q4 22	-$333.0K	-$333.0K
Q1 23	-$803.0K	-$803.0K
Q2 23	-$193.8K	-$193.8K
Q3 23	$16.1K	$16.1K
Q4 23	-$99.0K	-$99.0K
Q3 24	-$779.7K	-$779.7K
Q1 25	$2M	$2M
Q2 25	-$888.7K	-$1M
Q3 25	$133.0K	$133.0K
Q4 25	$87.6K	$87.6K

Capital Expenditures

Quarter	CapEx
Q2 21	$0
Q3 21	$0
Q4 21	$0
Q1 22	$4
Q2 22	$0
Q3 22	$2
Q4 22	$2
Q1 23	$0
Q2 23	$0
Q3 23	$0
Q4 23	$1
Q3 24	$0
Q1 25	$0
Q2 25	$280.2K
Q3 25	$3
Q4 25	$3

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	+1.0%	-0.4%
Q3 21	+2.1%	+38.6%
Q4 21	-9.2%	+7.9%
Q1 22	-13.2%	+22.8%
Q2 22	-22.6%	+31.3%
Q3 22	-22.3%	-3.9%
Q4 22	-10.1%	+15.3%
Q1 23	-12.4%	-4.6%
Q2 23	+11.8%	-13.3%
Q3 23	+5.5%	-14.3%
Q4 23	-3.7%	-11.4%
Q3 24	-17.3%	+9.7%
Q1 25	+86.7%	+111.9%
Q2 25	+106.7%	+117.3%
Q3 25	+131.7%	+140.9%
Q4 25	+189.2%	+64.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 21	-$192.3K	-5.6%
Q3 21	$93.4K	2.8%
Q4 21	$31.9K	1.0%
Q1 22	$152.5K	5.2%
Q2 22	$59.1K	2.2%
Q3 22	$59.7K	2.3%
Q4 22	$0	0.0%
Q1 23	$55.1K	2.2%
Q2 23	$57.2K	1.9%
Q3 23	$57.4K	2.1%
Q4 23	$0	0.0%
Q3 24	$0	0.0%
Q1 25	$167.6K	3.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$54.5K	0.9%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q2 21	$1M	$469.5K	$255.2K
Q3 21	$1M	$859.7K	$323.8K
Q4 21	$1M	$615.8K	$334.0K
Q1 22	$2M	$1M	$411.5K
Q2 22	$2M	$1M	$484.1K
Q3 22	$1M	$1M	$370.8K
Q4 22	$1M	$1M	$304.9K
Q1 23	$1M	$1M	$254.9K
Q2 23	$1M	$1M	$220.5K
Q3 23	$1M	$926.7K	$210.6K
Q4 23	$1M	$903.3K	$192.7K
Q3 24	$1M	$2M	$202.9K
Q1 25	$765.4K	$3M	$684.0K
Q2 25	$839.4K	$2M	$839.4K
Q3 25	$844.5K	$3M	$844.5K
Q4 25	$804.7K	$3M	—

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q2 21	1.0%	25.7%	26.8
Q3 21	2.1%	6.7%	8.8
Q4 21	-9.2%	3.3%	-5.8
Q1 22	-13.2%	-21.1%	-34.3
Q2 22	-22.6%	-35.9%	-58.4
Q3 22	-22.3%	-31.3%	-53.6
Q4 22	-10.1%	-18.4%	-28.5
Q1 23	-12.4%	-26.6%	-39.0
Q2 23	11.8%	-1.7%	10.0
Q3 23	5.5%	-5.9%	-0.4
Q4 23	-3.7%	-9.9%	-13.6
Q3 24	-17.3%	-68.9%	-86.1
Q1 25	86.7%	-8.0%	78.6
Q2 25	106.7%	-1.7%	105.1
Q3 25	131.7%	-11.4%	120.4
Q4 25	189.2%	2.8%	191.9

Rule of 40

Revenue Segments

Quarter	Advertising	Subscription and Circulation
Q3 24	$87.9K	$2M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$20M	$0	$20M
Q2 22	$17M	$0	$17M
Q3 22	$15M	$0	$15M
Q4 22	$15M	$0	$15M
Q1 23	$14M	$0	$14M
Q2 23	$14M	$0	$14M
Q3 23	$14M	$0	$14M
Q4 23	$14M	$0	$14M
Q1 24	$13M	$0	$13M
Q2 24	$13M	$0	$13M
Q3 24	$12M	$0	$12M
Q4 24	$11M	$0	$11M
Q1 25	$10M	$0	$10M
Q2 25	$7M	$0	$7M
Q3 25	$8M	$0	$8M
Q4 25	$7M	$0	$7M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	7M	+0.3%	+0.9%
Q3 21	8M	+11.4%	+11.9%
Q4 21	9M	+14.3%	+28.0%
Q1 22	10M	+11.5%	+42.4%
Q2 22	10M	-0.6%	+41.0%
Q3 22	10M	-0.5%	+26.0%
Q4 22	10M	-0.4%	+9.7%
Q1 23	9M	-4.7%	-6.2%
Q2 23	9M	-0.0%	-5.6%
Q3 23	9M	0.0%	-5.1%
Q4 23	9M	+0.0%	-4.7%
Q3 24	9M	+0.1%	+0.1%
Q1 25	9M	-0.0%	+0.1%
Q2 25	9M	-0.3%	-0.2%
Q3 25	9M	0.0%	-0.2%
Q4 25	4M	-56.6%	-56.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 21	$155.3K	22
Q3 21	$153.5K	22
Q4 21	$148.0K	21
Q1 22	$139.4K	21
Q2 22	$125.9K	21
Q3 22	$124.9K	21
Q4 22	$147.1K	19
Q1 23	$134.9K	19
Q2 23	$155.6K	19
Q3 23	$145.7K	19
Q4 23	$158.3K	17
Q3 24	$124.8K	17
Q1 25	$100.3K	55
Q2 25	$104.0K	55
Q3 25	$113.4K	55
Q4 25	$115.7K	53

Revenue / Employee