What is IM Cannabis's free cash flow?

IM Cannabis generated free cash flow of CAD 4.70M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of CAD 4.72M minus CAD 13.00K of capital expenditures. Free cash flow equaled 8.6% of revenue.

How much does IM Cannabis spend on capital expenditures?

IM Cannabis spent CAD 13.00K on capital expenditures in fiscal 2025, compared with CAD 156.00K a year earlier. That equals 0.3% of operating cash flow.

Does IM Cannabis pay dividends or buy back shares?

IM Cannabis's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment.

IM Cannabis (IMCC) Cash Flow: Operating & Free Cash Flow

IM Cannabis Cash Flow Statement Analysis

Values in millions CAD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

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Cash flow statement showing operating, investing, and financing activities for IM Cannabis Corp. (IMCC) - 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
Operating Activities
Net Income	-11.75	-11.77	-11.77	-10.23	-191.30	-18.52	-18.52	-28.73	-28.70	-7.42	-0.12	-0.02
Depreciation & Amortization	1.96	2.18	2.18	3.00	7.33	5.73	5.73	0.93	0.93	0.60	0.18	0.08
Deferred Income Tax	-0.17	-0.15	-0.15	0.39	-3.00	0.28	0.28	-0.07	-	-0.10	0.00	0.00
Stock Based Compensation	0.01	0.37	0.37	0.23	3.77	7.47	7.47	3.38	3.38	2.68	0.00	0.00
Change in Working Capital	7.84	2.48	2.57	1.40	34.54	-10.82	-10.79	-1.40	-1.40	-2.64	-0.59	0.03
Change in Accounts Receivable	4.06	-6.29	-6.29	2.32	6.06	-6.60	-6.60	-4.56	-3.53	-1.63	-0.01	-0.01
Change in Inventory	-0.72	6.26	6.26	4.77	1.45	-13.30	-13.30	-0.96	-12.73	0.12	-1.30	0.08
Change in Accounts Payable	1.74	7.85	7.85	-6.10	11.28	5.57	8.23	2.14	2.14	0.80	0.00	0.06
Change in Other Working Capital	2.77	-5.34	-5.34	4.60	15.69	3.51	3.66	1.99	12.73	-1.93	0.08	-0.03
Other Operating Activities	6.82	5.81	5.00	4.60	133.77	-18.51	3.66	17.97	17.87	0.92	0.10	0.44
Net Cash from Operating Activities	4.72	-1.08	-1.08	-8.08	-12.64	-34.37	-34.37	-7.92	-7.92	-5.96	-0.05	-0.10
Investing Activities
Capital Expenditures	-0.01	-0.16	-0.16	-0.58	-1.56	-4.60	-4.60	-2.71	-2.62	-1.55	-0.73	-0.43
Acquisitions	0.00	-0.35	-0.35	0.00	-0.41	-12.55	-12.54	0.00	-	-1.32	0.00	0.00
Purchases of Investments	0.00	0.00	-	0.00	-0.13	-0.02	-0.01	-1.35	-1.35	-0.91	0.00	0.00
Sales/Maturities of Investments	0.00	0.00	-	0.00	0.00	0.32	0.32	0.00	-0.09	2.23	0.00	0.00
Other Investing Activities	-0.52	0.03	-0.41	-0.60	-0.06	7.83	7.81	-0.11	-0.02	-2.23	0.00	0.00
Net Cash from Investing Activities	-0.53	-0.47	-0.47	-1.18	-1.53	-9.01	-9.01	-4.08	-4.08	-3.78	-0.73	-0.43
Financing Activities
Debt Repayment	1.18	-1.55	-4.17	-5.41	-6.63	7.17	-0.63	-0.18	-0.18	-0.95	0.00	0.00
Common Stock Issued	5.07	0.94	2.05	1.69	4.09	28.13	28.13	0.00	6.99	15.57	0.00	0.10
Other Financing Activities	-5.10	4.43	-1.03	2.80	-2.33	13.43	9.61	6.92	-0.07	2.43	0.08	0.00
Net Cash from Financing Activities	1.15	3.83	3.83	9.42	4.76	48.73	48.73	6.74	6.74	17.05	0.08	0.10
Summary
Effect of Forex Changes on Cash	-3.47	-3.23	-3.23	-0.80	-2.17	-0.33	-0.33	0.21	-	-0.98	0.14	0.00
Net Change in Cash	1.86	-0.95	-0.95	-0.64	-11.45	5.02	5.35	-5.04	-5.04	6.34	7.35	0.00
Cash at Beginning of Period	0.86	1.81	1.81	2.45	13.90	8.89	8.89	13.93	-	7.59	0.00	0.00
Cash at End of Period	2.73	0.86	0.86	1.81	2.45	13.90	13.90	8.89	-	13.93	0.04	0.00
Free Cash Flow	4.70	-1.23	-1.23	-8.66	-14.20	-38.97	-38.97	-10.63	-10.54	-7.51	-0.78	-0.52
Supplemental Disclosures
Interest Paid	2.56	-	2.13	1.73	2.33	-	1.61	-	0.07	-	-	-
Income Taxes Paid	0.01	-	0.10	0.51	0.68	-	0.83	-	0.60	-	-	-

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

IM Cannabis (IMCC) Cash Flow Statement

IM Cannabis Cash Flow Statement Analysis

Frequently Asked Questions About IM Cannabis Cash Flow