IM Cannabis (IMCC) Q1 2026 earnings summary

Executive summary

• Reported Q1 2026 revenues of $8.7 million, with a gross profit of $1.4 million and a net loss of $2.5 million, or $0.38 per share.

• Continued focus on cost optimization, operational efficiencies, and working capital discipline.

• Convertible note financings completed during and after the quarter supported liquidity.

Financial highlights

• Revenue for Q1 2026 was $8.7 million, with a gross profit of $1.4 million.

• Operating loss for the quarter was $1.7 million.

• Net loss totaled $2.5 million, or $0.38 per share.

• General and administrative expenses reduced by 22% year-over-year.

Outlook and guidance

• Management remains focused on operational efficiencies and evaluating strategic opportunities for long-term growth.

• Continued emphasis on cost optimization and liquidity management.