NASDAQ : IMCC
IM Cannabis Corp. — Financial statements
Healthcare · Drug Manufacturers - Specialty & Generic · Israel
Last price 0.791 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.30M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
IM Cannabis Corp. (IMCC) reported revenue of 45.80M CAD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 45.80M | 54.73M | 54.03M | 48.80M | 54.34M | 34.05M |
| Cost of Revenue | 40.07M | 45.05M | 45.58M | 38.96M | 45.17M | 27.72M |
| Gross Profit | 5.74M | 9.69M | 8.45M | 9.85M | 9.16M | 6.33M |
| Selling, General & Admin | 14.51M | 14.87M | 15.09M | 21.80M | 29.03M | 23.95M |
| Other Operating Expenses | 997.00K | 997.00K | 2.73M | |||
| Operating Expenses | 15.51M | 15.88M | 18.19M | 22.02M | 31.66M | 29.37M |
| Operating Income | -9.77M | -6.20M | -9.74M | -12.18M | -22.50M | -23.04M |
| Interest Expense | -5.31M | -3.50M | -4.77M | -3.67M | -1.97M | -673.00K |
| Interest & Investment Income | 1.95M | 3.43M | 2.21M | 7.01M | 6.70M | 17.73M |
| Other Non Operating Income (Expenses) | 5.81M | |||||
| EBT Excluding Unusual Items | -13.13M | -6.27M | -12.30M | -8.84M | -17.77M | -164.00K |
| Merger & Restructuring Charges | -617.00K | -4.38M | ||||
| Impairment of Goodwill | -5.39M | -5.39M | -495.00K | |||
| Asset Writedown | -3.90M | |||||
| Pretax Income | -18.52M | -11.66M | -12.79M | -9.46M | -26.06M | -164.00K |
| Income Tax Expense | 59.00K | 92.00K | -1.02M | 771.00K | -1.14M | 500.00K |
| Earnings From Continuing Operations | -18.58M | -11.75M | -11.77M | -10.23M | -24.92M | -664.00K |
| Earnings From Discontinued Operations | -166.38M | -17.85M | ||||
| Net Income to Company | -18.58M | -11.75M | -11.77M | -10.23M | -191.30M | -18.52M |
| Minority Interest in Earnings | 660.00K | 431.00K | 1.19M | 730.00K | 2.41M | 755.00K |
| Net Income | -17.92M | -11.32M | -10.59M | -9.50M | -188.89M | -17.76M |
| Net Income to Common | -17.92M | -11.32M | -10.59M | -9.50M | -188.89M | -17.76M |
| Shares Outstanding (Basic) | 217.83K | 141.31K | 78.23K | 71.15K | 39.89K | 32.25K |
| Shares Outstanding (Diluted) | 217.83K | 141.31K | 78.23K | 71.15K | 41.58K | 32.25K |
| EPS (Basic) | -82.28 | -80.10 | -135.30 | -133.50 | -4,734.92 | -550.81 |
| EPS (Diluted) | -82.28 | -80.10 | -135.30 | -133.50 | -4,686.99 | -550.81 |
| Free Cash Flow | -627.00K | 4.70M | -1.23M | -8.66M | -14.20M | -38.95M |
| Free Cash Flow Per Share | -2.88 | 33.28 | -15.76 | -121.67 | -341.53 | -1,207.79 |
| Gross Margin | 12.53% | 17.70% | 15.64% | 20.17% | 16.86% | 18.60% |
| Operating Margin | -21.33% | -11.32% | -18.02% | -24.95% | -41.41% | -67.64% |
| Profit Margin | -39.13% | -20.68% | -19.59% | -19.46% | -347.64% | -52.16% |
| Free Cash Flow Margin | -1.37% | 8.59% | -2.28% | -17.74% | -26.14% | -114.38% |
| EBITDA | -8.04M | -4.56M | -7.91M | -9.77M | -17.12M | -18.86M |
| EBITDA Margin | -17.55% | -8.33% | -14.63% | -20.03% | -31.50% | -55.37% |
| D&A For EBITDA | 1.73M | 1.64M | 1.83M | 2.40M | 5.39M | 4.18M |
| EBIT | -9.77M | -6.20M | -9.74M | -12.18M | -22.50M | -23.04M |
| EBIT Margin | -21.33% | -11.32% | -18.02% | -24.95% | -41.41% | -67.64% |
Balance sheet
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.62M | 2.73M | 863.00K | 1.81M | 2.45M | 13.90M |
| Cash & Short-Term Investments | 1.62M | 2.73M | 863.00K | 1.81M | 2.45M | 13.90M |
| Accounts Receivable | 6.86M | 10.85M | 13.80M | 7.65M | 8.68M | 16.71M |
| Other Receivables | 214.00K | 276.00K | 941.00K | 1.83M | 9.65M | |
| Receivables | 6.86M | 11.06M | 14.26M | 8.59M | 10.52M | 29.07M |
| Inventory | 2.86M | 4.27M | 3.21M | 9.98M | 16.59M | 29.39M |
| Prepaid Expenses | 114.00K | 191.00K | 210.00K | 1.49M | 2.71M | |
| Restricted Cash | 124.00K | 582.00K | 64.00K | |||
| Other Current Assets | 4.85M | 3.99M | 4.78M | 3.67M | 1.63M | 6.10M |
| Total Current Assets | 16.30M | 22.74M | 23.36M | 24.27M | 32.67M | 81.18M |
| Property, Plant & Equipment | 3.88M | 4.11M | 4.18M | 6.37M | 7.15M | 48.43M |
| Long-Term Investments | 1.98M | 1.78M | 1.63M | 2.29M | 2.41M | 2.43M |
| Goodwill | 2.07M | 1.89M | 6.68M | 10.10M | 9.77M | 121.30M |
| Other Intangible Assets | 458.00K | 1.22M | 3.33M | 5.80M | 7.91M | 30.89M |
| Long-Term Deferred Tax Assets | 763.00K | 16.00K | ||||
| Other Long-Term Assets | 3.14M | |||||
| Total Assets | 24.69M | 31.74M | 39.19M | 48.81M | 60.68M | 287.39M |
| Accounts Payable | 8.47M | 12.05M | 11.16M | 9.22M | 15.31M | 13.99M |
| Accrued Expenses | 5.63M | 4.36M | 7.16M | 6.96M | 24.45M | |
| Short-Term Debt | 12.98M | 14.96M | 17.11M | 12.12M | 9.25M | 9.50M |
| Current Portion of Leases | 174.00K | 322.00K | 262.00K | 454.00K | 814.00K | 1.55M |
| Other Current Liabilities | 7.74M | 1.04M | 2.02M | 3.89M | 1.48M | 1.73M |
| Total Current Liabilities | 29.37M | 34.01M | 34.92M | 32.85M | 33.82M | 51.23M |
| Long-Term Debt | 661.00K | 936.00K | 466.00K | 394.00K | 399.00K | 392.00K |
| Long-Term Leases | 17.00K | 54.00K | 171.00K | 815.00K | 1.07M | 17.82M |
| Pension & Post-Retirement Benefits | 95.00K | 246.00K | 391.00K | |||
| Long-Term Deferred Tax Liabilities | 277.00K | 355.00K | 487.00K | 963.00K | 1.33M | 6.59M |
| Other Long-Term Liabilities | 8.00K | 6.02M | ||||
| Total Liabilities | 30.32M | 35.35M | 36.04M | 35.11M | 36.88M | 82.44M |
| Common Stock | 274.85M | 270.52M | 265.00M | 253.88M | 245.78M | 237.68M |
| Retained Earnings | -276.74M | -270.21M | -258.94M | -249.15M | -239.57M | -50.74M |
| Treasury Stock | -660.00K | |||||
| Comprehensive Income & Other | -3.65M | -4.04M | -818.00K | 9.73M | 16.45M | 14.96M |
| Total Common Equity | -5.54M | -3.73M | 5.24M | 14.47M | 22.65M | 201.24M |
| Minority Interest | -90.00K | 115.00K | -2.10M | -769.00K | 1.15M | 3.71M |
| Shareholders' Equity | -5.63M | -3.62M | 3.15M | 13.70M | 23.80M | 204.94M |
| Total Liabilities & Equity | 24.69M | 31.74M | 39.19M | 48.81M | 60.68M | 287.39M |
| Total Debt | 13.83M | 16.27M | 18.01M | 13.78M | 11.53M | 29.27M |
| Net Cash (Debt) | -12.21M | -13.54M | -17.15M | -11.97M | -9.09M | -15.37M |
| Net Cash Per Share | -56.08 | -95.82 | -219.20 | -168.23 | -218.47 | -476.45 |
| Filing Date Shares Outstanding | 543.42K | 207.44K | 102.85K | 74.41K | 42.05K | 38.72K |
| Total Common Shares Outstanding | 543.42K | 196.49K | 102.85K | 74.41K | 42.05K | 37.90K |
| Working Capital | -13.06M | -11.27M | -11.55M | -8.58M | -1.15M | 29.95M |
| Book Value Per Share | -10.19 | -18.98 | 50.98 | 194.44 | 538.65 | 5,309.80 |
| Tangible Book Value | -8.07M | -6.84M | -4.77M | -1.43M | 4.97M | 49.05M |
| Tangible Book Value Per Share | -14.85 | -34.79 | -46.37 | -19.20 | 118.21 | 1,294.18 |
| Buildings | 9.38M | 9.10M | 9.90M | 9.55M | 23.16M | |
| Machinery | 5.82M | 5.65M | 6.17M | 6.09M | 9.68M |
Cash flow statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -17.92M | -11.32M | -10.59M | -9.50M | -188.89M | -17.76M |
| Depreciation & Amortization | 2.07M | 1.96M | 2.18M | 3.00M | 7.33M | 5.73M |
| Loss (Gain) From Sale of Assets | 2.97M | |||||
| Asset Writedown & Restructuring Costs | 6.39M | 6.39M | 495.00K | 128.00M | 275.00K | |
| Loss (Gain) From Sale of Investments | 837.00K | |||||
| Stock-Based Compensation | 2.00K | 14.00K | 369.00K | 225.00K | 3.77M | 8.28M |
| Other Operating Activities | 3.06M | -161.00K | 80.00K | -3.34M | 2.61M | -20.10M |
| Change in Accounts Receivable | 7.55M | 4.06M | -6.29M | 2.32M | 6.06M | -6.60M |
| Change in Inventory | 1.42M | -722.00K | 6.26M | 4.77M | 883.00K | -19.71M |
| Change in Accounts Payable | -2.08M | 1.74M | 7.84M | -6.10M | 11.28M | 5.57M |
| Change in Other Net Operating Assets | -1.10M | 2.77M | -5.25M | 549.00K | 16.31M | 9.95M |
| Operating Cash Flow | -612.00K | 4.72M | -1.08M | -8.07M | -12.64M | -34.37M |
| Capital Expenditures | -15.00K | -13.00K | -156.00K | -581.00K | -1.56M | -4.58M |
| Sale of Property, Plant & Equipment | 96.00K | 210.00K | ||||
| Cash Acquisitions | -12.54M | |||||
| Divestitures | -346.00K | -406.00K | ||||
| Sale (Purchase) of Intangibles | -17.00K | |||||
| Investment in Securities | -125.00K | 306.00K | ||||
| Other Investing Activities | -83.00K | -518.00K | -64.00K | 17.00K | ||
| Investing Cash Flow | -98.00K | -531.00K | -470.00K | -1.18M | -1.53M | -9.01M |
| Short-Term Debt Issued | 5.45M | 2.80M | ||||
| Long-Term Debt Issued | 3.27M | 2.62M | 5.48M | 9.64M | 7.80M | |
| Total Debt Issued | 8.06M | 3.27M | 8.07M | 8.28M | 9.64M | 7.80M |
| Short-Term Debt Repaid | -2.54M | |||||
| Long-Term Debt Repaid | -2.09M | -4.17M | -5.41M | -6.63M | -633.00K | |
| Lease Payments | -329.00K | -282.00K | -331.00K | -586.00K | -1.66M | -633.00K |
| Total Debt Repaid | -8.62M | -4.63M | -4.17M | -5.41M | -6.63M | -633.00K |
| Net Debt Issued (Repaid) | -560.00K | -1.36M | 3.91M | 2.87M | 3.00M | 7.17M |
| Issuance of Common Stock | 5.92M | 5.07M | 944.00K | 1.69M | 4.09M | 31.95M |
| Other Financing Activities | -1.67M | -2.56M | -1.03M | 4.86M | -2.33M | 9.61M |
| Financing Cash Flow | 3.69M | 1.15M | 3.83M | 9.42M | 4.76M | 48.73M |
| Foreign Exchange Rate Adjustments | -2.16M | -3.47M | -3.23M | -796.00K | -2.04M | -329.00K |
| Net Cash Flow | 823.00K | 1.86M | -950.00K | -636.00K | -11.45M | 5.02M |
| Free Cash Flow | -627.00K | 4.70M | -1.23M | -8.66M | -14.20M | -38.95M |
| Free Cash Flow Margin | -1.37% | 8.59% | -2.28% | -17.74% | -26.14% | -114.38% |
| Free Cash Flow Per Share | -2.88 | 33.28 | -15.76 | -121.67 | -341.53 | -1,207.79 |
| Levered Free Cash Flow | -2.13M | -431.88K | -9.45M | -2.98M | 13.75M | -20.36M |
| Unlevered Free Cash Flow | 1.20M | 1.76M | -6.47M | -684.38K | 14.99M | -19.94M |
| Free Cash Flow After Leases | -956.00K | 4.42M | -1.56M | -9.24M | -15.86M | -39.58M |
| Cash Interest Paid | 1.67M | 2.56M | 2.13M | 1.73M | 2.33M | 1.61M |
| Cash Income Tax Paid | 24.00K | 14.00K | 96.00K | 514.00K | 681.00K | 834.00K |
| Change in Working Capital | 5.79M | 7.84M | 2.57M | 1.54M | 34.54M | -10.79M |
Ratios
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.30M | 7.29M | 7.19M | 4.78M | 7.38M | 227.73M |
| Enterprise Value | 9.90M | 19.30M | 16.04M | 12.92M | 11.87M | 233.76M |
| Last Close Price | 0.79 | 41.70 | 69.93 | 64.26 | 175.46 | 6,012.00 |
| Forward PE | 4.94 | 4.94 | 4.94 | 2.44 | 12.43 | |
| PS Ratio | 0.04 | 0.18 | 0.19 | 0.13 | 0.18 | 8.46 |
| PB Ratio | -2.77 | 3.29 | 0.46 | 0.42 | 1.41 | |
| P/TBV Ratio | 2.01 | 5.88 | ||||
| P/FCF Ratio | 2.13 | |||||
| P/OCF Ratio | 2.12 | |||||
| EV/Sales Ratio | 0.31 | 0.48 | 0.43 | 0.35 | 0.30 | 8.69 |
| EV/FCF Ratio | 5.63 | |||||
| Debt / Equity Ratio | -2.46 | -4.50 | 5.72 | 1.01 | 0.48 | 0.14 |
| Debt / FCF Ratio | 3.46 | |||||
| Net Debt / Equity Ratio | -2.17 | -3.75 | 5.45 | 0.87 | 0.38 | 0.07 |
| Net Debt / EBITDA Ratio | -1.52 | -2.97 | -2.17 | -1.23 | -0.53 | -0.81 |
| Net Debt / FCF Ratio | -19.48 | 2.88 | -13.91 | -1.38 | -0.64 | -0.39 |
| Asset Turnover | 1.39 | 1.54 | 1.23 | 0.89 | 0.31 | 0.21 |
| Inventory Turnover | 12.30 | 12.04 | 6.91 | 2.93 | 1.97 | 1.34 |
| Quick Ratio | 0.29 | 0.41 | 0.43 | 0.32 | 0.38 | 0.79 |
| Current Ratio | 0.56 | 0.67 | 0.67 | 0.74 | 0.97 | 1.58 |
| Return on Equity (ROE) | -139.75% | -54.55% | -21.79% | -0.61% | ||
| Return on Assets (ROA) | -18.57% | -10.92% | -13.83% | -13.90% | -8.08% | -8.85% |
| Return on Invested Capital (ROIC) | -68.76% | -42.38% | -41.59% | -17.77% | -20.47% | |
| Return on Capital Employed (ROCE) | 209.10% | 273.00% | -228.10% | -76.30% | -83.80% | -9.80% |
| Earnings Yield | -7,324.93% | -113.19% | -102.28% | -150.41% | -1,891.48% | -6.16% |
| FCF Yield | -34.42% | 47.03% | -11.91% | -137.07% | -142.21% | -13.51% |
| Buyback Yield / Dilution | -131.94% | -80.63% | -9.96% | -71.09% | -28.95% | 61.57% |