Intelligent Protection Management Corp. posted strong Q3 revenue growth of 75.5% to $11.0 million, though profitability remains pressured by low-margin procurement volume and a widening nine-month net loss.
Q3 2026 revenue rose 75.5% to $11.0 million and Adjusted EBITDA swung to positive $159,201 from a $260,121 loss, with $5.6 million of operating cash flow and $12.5 million cash with no long-term debt. However, growth was driven by low-margin procurement revenue (up 271%) and the nine-month net loss widened 110.7% to $2.8 million, so the quality of the beat is mixed.
Intelligent Protection Management Corp. reported a 75.5% revenue increase to $11.0 million for Q3 2026, driven by a 271% surge in procurement services. While the company achieved positive Adjusted EBITDA of $159,201 and holds $12.5 million in cash with no long-term debt, the nine-month net loss widened by 110.7% to $2.8 million.
Revenue for the three months ended September 30, 2026 rose about 75.5% to roughly $11.0 million from $6.2 million a year earlier, and Adjusted EBITDA turned positive at about $0.2 million, but the company still posted a net loss of about $0.8 million.
Much of the growth came from procurement revenue, which carries lower gross margins, and the nine-month net loss actually widened by 110.7% to $2.8 million, so investors may weigh the revenue surge against weaker profitability quality.