IM Cannabis (IMCC) Gross Margin (2020 - 2026)
IM Cannabis (IMCC) recorded Gross Margin of 19.83% in Q2 2026, down 7.15 percentage points from 26.98% a year earlier but up 3.48 percentage points from the prior quarter.
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Analysis
IM Cannabis (IMCC) Gross Margin (2020 - 2026) Analysis & Trends
On a TTM basis, IM Cannabis' Gross Margin came in at 12.58% as of Jun 30, 2026, down 11.63 percentage points year-over-year; for FY2025, it was 17.70%, up 2.06 percentage points from FY2024.
- Annual Gross Margin has a five-year change of -48.18 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 15.64% in FY2024 (-4.53 pp), 20.17% in FY2023 (+3.31 pp), 16.86% in FY2022 (-1.74 pp) and 18.60% in FY2021 (-47.28 pp).
- Quarterly Gross Margin has ranged from -0.93% in Q3 2021 to 32.05% in Q1 2022 over the past five years.
- On a year-over-year basis, Gross Margin has declined for four consecutive quarters, with an average year-over-year change of +0.84 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 22.44 percentage points in Q2 2022, against a drop of 58.31 percentage points in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 16.35% (Q1 2026), 0.52% (Q4 2025) and 19.72% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn | 68.43% |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - | - |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn | 62.51% |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn | 49.96% |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | 35.41% |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn | 59.90% |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn | 44.96% |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn | 40.30% |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn | 65.55% |
| 10 | IM Cannabis | 1.88 Mn | -2.90 Mn | 1.09 Mn | 19.83% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.83% |
| Mar 31, 2026 | 16.35% |
| Dec 31, 2025 | 0.52% |
| Sep 30, 2025 | 19.72% |
| Jun 30, 2025 | 26.98% |
| Mar 31, 2025 | 27.58% |
| Dec 31, 2024 | 20.10% |
| Sep 30, 2024 | 22.68% |
| Jun 30, 2024 | 5.72% |
| Mar 31, 2024 | 14.75% |
| Dec 31, 2023 | 7.86% |
| Sep 30, 2023 | 21.38% |
| Jun 30, 2023 | 26.17% |
| Mar 31, 2023 | 23.18% |
| Dec 31, 2022 | 18.00% |
| Sep 30, 2022 | 13.78% |
| Jun 30, 2022 | 17.33% |
| Mar 31, 2022 | 32.05% |
| Dec 31, 2021 | 9.88% |
| Sep 30, 2021 | -0.93% |
API Access
IM Cannabis Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=IMCC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "IMCC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=IMCC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();