Intelligent Protection Management (IPM) Q2 2026 earnings summary

Executive summary

• Q2 2026 revenue rose 13% year-over-year to $6.5 million, with six-month revenue up 14% to $12.8 million, driven by managed IT, procurement, and new customer growth.

• Net loss for Q2 2026 was $1.4 million, compared to $1.1 million in Q2 2025, due to higher costs and supply chain constraints.

• Adjusted EBITDA for Q2 2026 was -$0.6 million, reflecting ongoing investments and litigation expenses.

• Achieved SOC 2 Type 1 compliance, extended Phoenix data center agreement through 2032, and formed a strategic AI partnership with MASORI Therapeutics.

• Maintained a strong balance sheet with $7.5 million in cash and no long-term debt, positioning for M&A and continued growth.

Financial highlights

• Q2 2026 revenue: $6.5M (+13% YoY); six-month revenue: $12.8M (+14% YoY).

• Net loss Q2 2026: $1.4M (vs. $1.1M Q2 2025); six-month net loss: $2.0M (vs. $0.2M H1 2025).

• Adjusted EBITDA Q2 2026: -$0.6M; six-month: -$0.8M (improved from -$0.9M in 2025).

• Deferred revenue at June 30, 2026: $4.5M, up from $3.9M at year-end 2025.

• Cash and cash equivalents at June 30, 2026: $7.5M; no long-term debt.

Outlook and guidance

• Goal remains to achieve positive adjusted EBITDA for Q4 2026.

• Management expects to recognize deferred revenue as supply chain issues ease and fulfillment improves.

• Focus on integrating IT solutions, expanding AI and predictive analytics, and optimizing cross-selling.

• Continued exploration of strategic M&A and defending intellectual property.

• Strong pipeline in regulated industries and continued expansion in managed services and cloud infrastructure.