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InMed Pharmaceuticals Inc. (INM) 10-Year Financial Performance & Capital Metrics

INM • • Industrial / General
HealthcareBiotechnologyAutoimmune & Inflammatory DiseasesDermatology & Autoimmune
AboutInMed Pharmaceuticals Inc., a clinical stage pharmaceutical company, researches and develops cannabinoid-based therapies. The company's lead product is INM-755, a cannabinol topical cream, which is in a second Phase I clinical trials for the treatment of epidermolysis bullosa. The company is also involved in developing INM-088, which is in preclinical studies for the treatment of glaucoma; and INM-405 for the treatment of pain. In addition, it engages in the development of cannabinoid-based treatments for various diseases, including dermatology and ocular diseases. Further, the company works on IND-enabling pharmacology and preclinical toxicology studies; and IntegraSyn, an integrated biosynthesis-based manufacturing approach, for synthesizing pharmaceutical-grade cannabinoids. It has a research collaboration agreement with BayMedica Inc. for the manufacturing and testing of novel cannabinoid therapeutics. The company was formerly known as Cannabis Technologies Inc. and changed its name to InMed Pharmaceuticals Inc. in October 2014. InMed Pharmaceuticals Inc. was incorporated in 1981 and is headquartered in Vancouver, Canada.Show more
  • Revenue $5M +7.5%
  • EBITDA -$7M +1.9%
  • Net Income -$8M -6.3%
  • EPS (Diluted) -11.44 +58.5%
  • Gross Margin 34.53% +44.2%
  • EBITDA Margin -149.38% +8.8%
  • Operating Margin -160.2% +9.5%
  • Net Margin -165.14% +1.1%
  • ROE -72.1%
  • ROIC -177.35% -4.2%
  • Debt/Equity 0.06 -47.2%
  • Interest Coverage -21.22
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Trading at only 0.1x book value

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 5 (bottom 5%)
  • ✗Shares diluted 100.0% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y65.55%
TTM6.25%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-29.96%

EPS CAGR

10Y-
5Y-
3Y-
TTM-2203.31%

ROCE

10Y Avg-100.42%
5Y Avg-105.52%
3Y Avg-70.07%
Latest-67.13%

Peer Comparison

Dermatology & Autoimmune
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Sector-Specific
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AUPHAurinia Pharmaceuticals Inc.1.96B14.87378.3733.97%29.28%21.28%2.25%0.21
ARGXargenx SE50.33B813.2463.6378.6%23.34%15.14%0.01
INVAInnoviva, Inc.1.48B19.7654.8915.54%32.78%12.61%12.75%0.65
GLPGGalapagos N.V.2.24B34.0330.3814.99%-151.94%-15.16%0.00
PTGXProtagonist Therapeutics, Inc.5.3B84.7520.046.24%21.94%7.11%3.45%0.02
ALMSAlumis Inc. Common Stock2.84B24.17-2.33-11.08%-63.71%0.12
PHATPhathom Pharmaceuticals, Inc.1.17B14.98-2.8380.01%-186.53%
ORKAOruka Therapeutics, Inc.1.57B32.50-6.51-22.44%0.00

Profit & Loss

Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Sales/Revenue+0000001.09M4.14M4.6M4.94M
Revenue Growth %-------2.8%0.11%0.08%
Cost of Goods Sold+0092.78K93.94K183.09K0545.89K2.73M3.5M3.24M
COGS % of Revenue------0.5%0.66%0.76%0.65%
Gross Profit+00-92.78K-93.94K-183.09K0543.55K1.4M1.1M1.71M
Gross Margin %------0.5%0.34%0.24%0.35%
Gross Profit Growth %----0.01%-0.95%1%-1.58%-0.22%0.55%
Operating Expenses+1.84M3.44M6.69M10.39M8.97M12.17M14.34M9.78M9.24M9.62M
OpEx % of Revenue------13.16%2.37%2.01%1.95%
Selling, General & Admin1.48M2.79M5.17M6M3.16M5.55M6.87M5.85M5.8M6.56M
SG&A % of Revenue------6.3%1.41%1.26%1.33%
Research & Development292.84K573.72K1.52M4.3M5.81M6.62M7.28M3.73M3.22M2.85M
R&D % of Revenue------6.68%0.9%0.7%0.58%
Other Operating Expenses67.41K75.22K094.72K00185.66K202.25K219.6K212.84K
Operating Income+-1.84M-3.44M-6.78M-10.36M-9.15M-12.17M-13.79M-8.38M-8.13M-7.92M
Operating Margin %-------12.66%-2.03%-1.77%-1.6%
Operating Income Growth %0.47%-0.87%-0.97%-0.53%0.12%-0.33%-0.13%0.39%0.03%0.03%
EBITDA+-1.77M-3.36M-6.69M-10.26M-8.97M-12.02M-13.28M-7.78M-7.53M-7.38M
EBITDA Margin %-------12.19%-1.88%-1.64%-1.49%
EBITDA Growth %0.48%-0.9%-0.99%-0.53%0.13%-0.34%-0.1%0.41%0.03%0.02%
D&A (Non-Cash Add-back)67.41K75.22K89.6K94.72K183.09K149.84K511.79K596K604.52K534.73K
EBIT-1.84M-3.44M-6.78M-10.36M-8.94M-12.32M-13.79M-8.38M-7.67M-7.79M
Net Interest Income+0000107.27K-344.33K123.72K652.37K721.97K-216.57K
Interest Income0069.55K330.44K125.89K16.02K123.72K652.37K721.97K156.53K
Interest Expense484950018.62K360.35K000373.11K
Other Income/Expense-48-49569.77K262.1K211.71K-478.14K-4.81M444.26K465.98K-244.14K
Pretax Income+-1.84M-3.44M-6.71M-10.1M-8.94M-12.65M-18.6M-7.93M-7.67M-8.16M
Pretax Margin %-------17.07%-1.92%-1.67%-1.65%
Income Tax+484950-262.1K00013.1K7.1K0
Effective Tax Rate %1%1%1%0.99%1%1%1%1%1%1%
Net Income+-1.84M-3.44M-6.71M-10.01M-8.94M-12.65M-18.6M-7.95M-7.68M-8.16M
Net Margin %-------17.07%-1.92%-1.67%-1.65%
Net Income Growth %0.47%-0.87%-0.95%-0.49%0.11%-0.42%-0.47%0.57%0.03%-0.06%
Net Income (Continuing)-1.84M-3.44M-6.71M-10.01M-8.94M-12.65M-18.6M-7.95M-7.68M-8.16M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+-643.57-810.55-1032.30-1264.97-1161.21-938.91-21350.51-86.00-27.55-11.44
EPS Growth %0.6%-0.26%-0.27%-0.23%0.08%0.19%-21.74%1%0.68%0.58%
EPS (Basic)-643.57-810.55-1032.30-1264.97-1161.21-938.91-21350.51-86.00-27.55-11.44
Diluted Shares Outstanding3.65K5.87K8.63K10.38K10.44K13.44K1.12K122.42K381.05K975.99K
Basic Shares Outstanding3.65K5.87K8.63K10.38K10.44K13.44K1.12K122.42K381.05K975.99K
Dividend Payout Ratio----------

Balance Sheet

Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Total Current Assets+145.05K5.34M20.33M14.13M6.31M8.38M12.36M11.33M8.69M12.87M
Cash & Short-Term Investments41.92K5.16M20.13M13.74M5.85M7.41M8.01M8.91M6.57M11.08M
Cash Only41.92K5.16M18.35M9.81M5.81M7.36M7.95M8.91M6.57M11.08M
Short-Term Investments001.78M3.93M42.38K46.46K57.67K000
Accounts Receivable65.79K45.48K40.58K64.74K45.34K11.92K113.31K260.4K352.84K465.1K
Days Sales Outstanding------37.9622.9828.0134.35
Inventory0000003.21M1.62M1.24M961.17K
Days Inventory Outstanding------2.14K215.91129.88108.41
Other Current Assets0000002542.46K520.81K365.13K
Total Non-Current Assets+1.13M1.07M1.01M944.96K1.49M1.4M4.11M2.77M3.13M2.71M
Property, Plant & Equipment3.65K20.8K42.38K42.53K403.49K326.6K1.16M723.43K1.25M992.2K
Fixed Asset Turnover------0.94x5.72x3.68x4.98x
Goodwill0000000000
Intangible Assets1.13M1.05M968.42K902.44K1.09M1.06M2.71M1.95M1.78M1.62M
Long-Term Investments0000000000
Other Non-Current Assets0000014.65K227.38K104.91K100K100K
Total Assets+1.28M6.41M21.34M15.07M7.8M9.78M16.46M14.11M11.82M15.58M
Asset Turnover------0.07x0.29x0.39x0.32x
Asset Growth %-0.05%4.02%2.33%-0.29%-0.48%0.25%0.68%-0.14%-0.16%0.32%
Total Current Liabilities+456.17K284.24K713.02K1.19M1.68M2.22M4.27M2M1.97M1.84M
Accounts Payable253.97K284.24K713.02K1.56M0775.13K1.5M544.18K626.19K370.14K
Days Payables Outstanding--2.81K6.07K--1K72.6965.3641.75
Short-Term Debt0000000000
Deferred Revenue (Current)0000000000
Other Current Liabilities000-372.38K1.61M880.21K643.64K558.48K488.28K490.4K
Current Ratio0.32x18.79x28.51x11.87x3.77x3.78x2.89x5.66x4.41x6.99x
Quick Ratio0.32x18.79x28.51x11.87x3.77x3.78x2.14x4.86x3.78x6.47x
Cash Conversion Cycle------1.18K166.292.53101.01
Total Non-Current Liabilities+0000248.01K189.29K501.39K15.99K644.87K305.75K
Long-Term Debt0000000000
Capital Lease Obligations0000248.01K189.29K501.39K15.99K644.87K305.75K
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities0000001000
Total Liabilities456.17K284.24K713.02K1.19M1.92M2.4M4.77M2.02M2.62M2.15M
Total Debt+0000316.98K269.77K1.02M391.71K962.66K741.26K
Net Debt-41.92K-5.16M-18.35M-9.81M-5.49M-7.09M-6.93M-8.52M-5.61M-10.33M
Debt / Equity----0.05x0.04x0.09x0.03x0.10x0.06x
Debt / EBITDA----------
Net Debt / EBITDA----------
Interest Coverage-38340.98x-6945.97x---491.56x-33.78x----21.22x
Total Equity+820.48K6.13M20.62M13.88M5.88M7.38M11.69M12.09M9.21M13.43M
Equity Growth %-0.36%6.47%2.37%-0.33%-0.58%0.25%0.58%0.03%-0.24%0.46%
Book Value per Share224.911044.222389.031336.99563.00548.8910425.1898.7524.1613.77
Total Shareholders' Equity820.48K6.13M20.62M13.88M5.88M7.38M11.69M12.09M9.21M13.43M
Common Stock25.33M33.18M51.75M52.24M53.07M60.59M91.03M77.62M82.78M91.22M
Retained Earnings-29.62M-32.9M-39.02M-49.19M-64.65M-74.85M-120.3M-101.4M-109.08M-117.24M
Treasury Stock0000000000
Accumulated OCI00000128.57K165.5K128.57K128.57K128.57K
Minority Interest0000000000

Cash Flow

Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Cash from Operations+-386.07K-2.37M-3.68M-6.68M-7.37M-9.79M-15.58M-7.28M-6.99M-7.77M
Operating CF Margin %-------14.3%-1.76%-1.52%-1.57%
Operating CF Growth %0.76%-5.13%-0.56%-0.82%-0.1%-0.33%-0.59%0.53%0.04%-0.11%
Net Income-1.84M-3.44M-6.71M-10.1M-8.94M-10.2M-18.6M-7.95M-7.68M-8.16M
Depreciation & Amortization67.41K75.22K-92.78K94.72K183.09K120.87K511.79K596K604.52K534.73K
Stock-Based Compensation695.2K1.17M2.43M3.11M0610.19K697.89K278.15K137.71K119.31K
Deferred Taxes00-2.25M20-242.39K0000
Other Non-Cash Items002.51M-71.39K1.02M374.23K4.88M356.09K316.82K78.32K
Working Capital Changes688.73K-165.8K431.4K283.89K358.11K-450.45K-3.07M-565.82K-369.34K-337.17K
Change in Receivables004.55K-24.08K17.27K40.2K-40.01K-219.15K-92.44K-114.69K
Change in Inventory00-431.94K000-2M565.56K66.22K283.15K
Change in Payables00431.94K0000000
Cash from Investing+-885-19.52K-1.88M-2.11M3.79M-1.73K-673K-661.8K-9.29K0
Capital Expenditures-885-19.52K-43.8K-27.04K-42.57K-1.73K-39.11K-161.8K-9.29K0
CapEx % of Revenue------0.04%0.04%0%-
Acquisitions----------
Investments----------
Other Investing000-17.02K00-425K000
Cash from Financing+300.14K7.5M19.27M272.5K-30.99K10.85M15.07M10.68M4.65M12.27M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing-4.54K-764.62K-1.02M64.93K0-1.62M-1.78M646-561.98K4.14M
Net Change in Cash----------
Free Cash Flow+-386.96K-2.38M-3.72M-6.71M-7.42M-9.79M-15.62M-7.45M-7M-7.77M
FCF Margin %-------14.34%-1.8%-1.52%-1.57%
FCF Growth %0.76%-5.16%-0.56%-0.8%-0.11%-0.32%-0.6%0.52%0.06%-0.11%
FCF per Share-106.07-406.57-431.14-645.83-710.40-728.65-13936.54-60.81-18.36-7.96
FCF Conversion (FCF/Net Income)0.21x0.69x0.55x0.67x0.82x0.77x0.84x0.92x0.91x0.95x
Interest Paid0000000000
Taxes Paid000000013.1K7.1K0

Key Ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)-175.33%-99.05%-50.16%-58.02%-90.47%-190.86%-195.14%-66.85%-72.08%-72.1%
Return on Invested Capital (ROIC)-143.55%-295.43%-313.6%-244.66%-307.33%-2713.96%-410.45%-150.95%-170.27%-177.35%
Gross Margin------49.89%33.93%23.94%34.53%
Net Margin-------1707.32%-192.18%-166.94%-165.14%
Debt / Equity----0.05x0.04x0.09x0.03x0.10x0.06x
Interest Coverage-38340.98x-6945.97x---491.56x-33.78x----21.22x
FCF Conversion0.21x0.69x0.55x0.67x0.82x0.77x0.84x0.92x0.91x0.95x
Revenue Growth-------279.61%11.18%7.5%

Frequently Asked Questions

Growth & Financials

InMed Pharmaceuticals Inc. (INM) reported $5.3M in revenue for fiscal year 2025.

InMed Pharmaceuticals Inc. (INM) grew revenue by 7.5% over the past year. This is steady growth.

InMed Pharmaceuticals Inc. (INM) reported a net loss of $8.9M for fiscal year 2025.

Dividend & Returns

InMed Pharmaceuticals Inc. (INM) has a return on equity (ROE) of -72.1%. Negative ROE indicates the company is unprofitable.

InMed Pharmaceuticals Inc. (INM) had negative free cash flow of $7.5M in fiscal year 2025, likely due to heavy capital investments.

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