IM Cannabis (IMCC) Financial Statements & Analysis

IM Cannabis (IMCC) Income Statement

IM Cannabis reported revenue of CAD 54.73M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 1.3% from CAD 54.03M a year earlier. IM Cannabis posted a net loss of CAD 11.32M, compared with a net loss of CAD 10.59M a year earlier. Gross margin was 17.7% and operating margin -21.2%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was CAD 7.59M, down 40.2% from the same quarter a year earlier.

IM Cannabis Income Statement Analysis

Values in millions CAD

Income Statement Balance Sheet Cash Flow Ratios

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IM Cannabis Corp. income statement - Annual data in millions CAD
Breakdown	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Mar 2025	Dec 2024	Dec 2023	Dec 2022	Mar 2022	Dec 2021	Mar 2021	Dec 2020	Dec 2019	Dec 2018	Apr 2018
Revenue & Gross Profit
Revenue	54.73	54.03	54.03	48.80	54.34	34.05	34.05	15.89	15.89	9.07	5.20	4.39
Cost of Revenue	45.05	45.58	45.58	38.96	45.17	27.72	27.72	5.42	5.42	5.15	1.00	1.59
Gross Profit	9.69	8.45	8.45	9.85	9.16	6.33	6.33	10.47	10.47	3.93	4.20	2.80
Operating Expenses
Research & Development	0.00	0.00	-	0.00	0.00	0.00	-	0.14	-	0.23	0.08	0.00
Selling, General & Administrative	12.94	13.28	13.28	19.03	28.91	28.09	28.09	18.71	15.33	10.34	3.03	0.12
Operating Expenses	21.27	18.69	18.69	22.64	31.67	29.37	29.37	18.71	18.71	14.20	2.74	1.81
Operating Income	-11.59	-10.23	-10.23	-12.79	-22.50	-23.04	-23.04	-8.25	-8.25	-10.28	3.08	-0.13
Other Income/Expense
Interest Income	3.43	1.91	1.91	7.01	6.70	23.54	23.54	0.28	0.28	3.65	0.08	0.03
Interest Expense	2.76	4.47	2.51	3.67	1.97	0.67	0.67	20.50	-20.50	0.71	0.00	0.00
Other Income/Expense	3.10	-2.56	0.94	3.34	-8.29	22.87	22.87	-20.23	-	2.95	0.29	-0.03
Income
Income Before Tax	-11.66	-12.79	-12.79	-9.46	-26.06	-0.16	-0.16	-28.47	-28.47	-7.33	3.37	-0.13
Income Tax Expense	0.09	-1.02	-1.02	0.77	-1.14	0.50	0.50	0.26	0.26	0.09	0.74	0.24
Net Income	-11.32	-10.59	-10.59	-9.50	-188.89	-17.76	-17.76	-28.70	-28.70	-7.29	1.68	0.54
Net Income - Continuous Operations	-11.75	-10.59	-11.77	-9.50	-24.92	-17.76	-0.66	-28.70	-	-7.29	1.68	0.54
Net Income - Discontinued Operations	-	-	-	-	-166.38	-	-17.85	-	-	-	-	-
EBITDA	-6.95	-6.14	-8.10	-2.79	-16.76	6.24	6.24	-7.04	-7.52	-6.02	3.26	-0.13
EBIT	-8.90	-	-10.29	-12.18	-24.09	-	0.51	-	-8.25	-	-	-
Depreciation & Amortization	1.95	2.18	2.18	3.00	2.76	5.73	1.28	0.93	0.72	0.60	0.18	0.08
Earnings Per Share
Basic EPS	-3.00	-135.00	-5.00	-133.00	-158.00	-558.00	-19.00	-342.00	-11.00	-414.00	18.00	-70.00
Diluted EPS	-3.00	-135.00	-5.00	-133.00	-162.00	-1188.00	-40.00	-342.00	-11.00	-414.00	18.00	-70.00
Basic Shares Outstanding	4.24	0.08	2.35	0.07	1.20	0.03	0.96	0.02	2.52	0.02	0.09	0.00
Diluted Shares Outstanding	4.24	0.08	2.35	0.07	1.20	0.03	0.96	0.02	2.52	0.02	0.09	0.00

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About IM Cannabis Financial Statements

What was IM Cannabis's revenue in fiscal 2025?

IM Cannabis reported revenue of CAD 54.73M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 1.3% from CAD 54.03M a year earlier.

Is IM Cannabis profitable?

No. IM Cannabis reported a net loss of CAD 11.32M in fiscal 2025. In fiscal 2024 it lost CAD 10.59M.

What is IM Cannabis's operating margin?

IM Cannabis's operating income was −CAD 11.59M on revenue of CAD 54.73M in fiscal 2025, an operating margin of -21.2%, compared with -18.9% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition