Intelligent Protection Management Corp. Reports Third Quarter 2026 Financial Results

Jason Katz, Chairman and Chief Executive Officer of Intelligent Protection Management Corp.

“Financial results for the third quarter of 2026 reflected exceptional customer demand and continued execution of our growth strategy, resulting in total revenue increasing more than 75% to approximately $11.0 million compared to the third quarter of 2025. For the nine months ended September 30, 2026, total revenue increased 36% year-over-year to $23.8 million. Our performance during the quarter was driven primarily by increased procurement revenue of approximately 271% compared to the prior year period. This core area represented a larger portion of our overall revenue mix compared to prior periods, as customers accelerated infrastructure investments in cybersecurity, cloud modernization, data center expansion and artificial intelligence. Additionally, we successfully fulfilled a significant customer order during the third quarter, further demonstrating our ability to execute on large-scale opportunities and meet customer demand.”

Jason Katz, Chairman and Chief Executive Officer of Intelligent Protection Management Corp.

“Standard procurement gross margins trend lower than the rest of our business. At the same time, procurement services can provide an entry point for broader customer relationships. Our professional services help customers plan their technology investments; our procurement services source the infrastructure; and our managed IT security services, private cloud, and managed backup and disaster recovery services create opportunities to support those environments over time. Our objective is to convert these opportunities into recurring engagements, recognizing that conversion is not automatic and depends on customer needs and execution.”

Jason Katz, Chairman and Chief Executive Officer of Intelligent Protection Management Corp.

“While it can take time, we are making progress in expanding our recurring business. Core managed services revenue from non-affiliated customers increased 33% over the prior-year period. That result supports our focus on deepening customer relationships and diversifying our revenue base. We remain focused on expanding higher-margin recurring engagements across our service portfolio, while continuing to execute on professional services and procurement opportunities to deepen customer relationships and increase long-term customer value.”

Jason Katz, Chairman and Chief Executive Officer of Intelligent Protection Management Corp.

“Our balance sheet remains strong, providing the financial flexibility necessary to support organic growth initiatives while pursuing strategic opportunities that enhance our long-term growth profile. During the quarter, we incurred approximately $195,000 of acquisition-related expenses associated with the recently announced AdTech acquisition. Once completed, we believe the transaction can expand our customer reach and create opportunities to introduce IPM's managed IT security services, private cloud, managed backup and disaster recovery, professional services, and procurement offerings across a larger combined customer base. We remain committed to disciplined capital allocation and creating long-term shareholder value. We are encouraged by the momentum we are seeing across the business and remain focused on executing our long-term strategy.”