1.Sales and profit
See section β- InMed Pharmaceuticals Inc. lost $12.6M in fiscal 2026.
INM Nasdaq Pharmaceutical Preparations Financials FY2020βFY2026
Last close Β· Oct 23, 2026
$1.44
8.3%Hi! I read InMed Pharmaceuticals Inc.βs latest annual report (fiscal 2026). Here is what stands out:
Good So-so Weak
Does it make a profit?
β$12.6M
No. It lost money last year.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· InMed Pharmaceuticals Inc. lost $12.6M in fiscal 2026.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $1.4M of shares on the open market and sold none.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$1.4M
4 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 19, 2026 | ADAR1 Capital Management, LLC10% owner | Bought | 1,086 | $1.32 | $0.0M | Form 4 |
| Oct 16, 2026 | ADAR1 Capital Management, LLC10% owner | Bought | 1 | $1.32 | $0.0M | Form 4 |
| Oct 15, 2026 | ADAR1 Capital Management, LLC10% owner | Bought | 984 | $1.32 | $0.0M | Form 4 |
| Oct 14, 2026 | ADAR1 Capital Management, LLC10% owner | Bought | 8,021 | $1.33 | $0.0M | Form 4 |
| Oct 13, 2026 | ADAR1 Capital Management, LLC10% owner | Bought | 564 | $1.33 | $0.0M | Form 4 |
| Oct 8, 2026 | ADAR1 Capital Management, LLC10% owner | Bought | 2,256 | $1.33 | $0.0M | Form 4 |
| Oct 7, 2026 | ADAR1 Capital Management, LLC10% owner | Bought | 3,046 | $1.33 | $0.0M | Form 4 |
| Oct 6, 2026 | ADAR1 Capital Management, LLC10% owner | Bought | 5,601 | $1.33 | $0.0M | Form 4 |
| Oct 5, 2026 | ADAR1 Capital Management, LLC10% owner | Bought | 18,182 | $1.33 | $0.0M | Form 4 |
| Oct 2, 2026 | ADAR1 Capital Management, LLC10% owner | Bought | 8,307 | $1.33 | $0.0M | Form 4 |
| Oct 1, 2026 | ADAR1 Capital Management, LLC10% owner | Bought | 16,431 | $1.33 | $0.0M | Form 4 |
| Sep 16, 2026 | Daniel Schneeberger10% owner | Bought | 8,340 | $1.29 | $0.0M | Form 4 |
| Sep 15, 2026 | Daniel Schneeberger10% owner | Bought | 54,256 | $1.30 | $0.1M | Form 4 |
| Sep 14, 2026 | Daniel Schneeberger10% owner | Bought | 28,505 | $1.29 | $0.0M | Form 4 |
| Jul 16, 2026 | Vivo Opportunity Cayman Fund, L.P.10% owner | Bought | 21 | $1.55 | $0.0M | Form 4 |
| Jul 15, 2026 | ADAR1 Capital Management, LLC10% owner | Bought | 1,000 | $1.56 | $0.0M | Form 4 |
| Jul 15, 2026 | Vivo Opportunity Cayman Fund, L.P.10% owner | Bought | 15,150 | $1.55 | $0.0M | Form 4 |
| Jul 14, 2026 | Vivo Opportunity Cayman Fund, L.P.10% owner | Bought | 5,375 | $1.55 | $0.0M | Form 4 |
| Jul 2, 2026 | Vivo Opportunity, LLC10% owner | Bought | 1,607 | $1.55 | $0.0M | Form 4 |
| Jul 1, 2026 | Vivo Opportunity, LLC10% owner | Bought | 4,344 | $1.55 | $0.0M | Form 4 |
| Jun 30, 2026 | Vivo Opportunity, LLC10% owner | Bought | 600 | $1.54 | $0.0M | Form 4 |
| Jun 8, 2026 | Vivo Opportunity, LLC10% owner | Bought | 32,500 | $1.52 | $0.0M | Form 4 |
| Jun 5, 2026 | Vivo Opportunity, LLC10% owner | Bought | 55,011 | $1.57 | $0.1M | Form 4 |
| Jun 4, 2026 | Vivo Opportunity, LLC10% owner | Bought | 6,743 | $1.57 | $0.0M | Form 4 |
| Jun 3, 2026 | Vivo Opportunity, LLC10% owner | Bought | 7,783 | $1.55 | $0.0M | Form 4 |
| Jun 2, 2026 | Vivo Opportunity, LLC10% owner | Bought | 22,848 | $1.52 | $0.0M | Form 4 |
| Jun 1, 2026 | Vivo Opportunity, LLC10% owner | Bought | 16,336 | $1.55 | $0.0M | Form 4 |
| May 29, 2026 | Vivo Opportunity, LLC10% owner | Bought | 17,796 | $1.57 | $0.0M | Form 4 |
| May 21, 2026 | Vivo Opportunity, LLC10% owner | Bought | 34,000 | $1.69 | $0.1M | Form 4 |
| May 20, 2026 | Vivo Opportunity, LLC10% owner | Bought | 56,210 | $1.56 | $0.1M | Form 4 |
| May 19, 2026 | Daniel Schneeberger10% owner | Bought | 468,551 | $1.54 | $0.7M | Form 4 |
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably InMed Pharmaceuticals Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | $6.2M | $9.0M | $6.6M | $10.8M | $2.2M |
| Current ratio | 2.9x | 5.7x | 4.4x | 7.0x | 1.4x |
| Quick ratio | 2.1x | 4.9x | 3.8x | 6.5x | 1.4x |
| Total assets | $12.8M | $14.1M | $11.8M | $15.6M | $3.0M |
| Total liabilities | $3.7M | $2.0M | $2.6M | $2.1M | $2.0M |
| Shareholders' equity | $9.1M | $12.1M | $9.2M | $13.4M | $1.1M |
| Net debt (β = net cash) | β | β | β | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β |
| F-score | β / 3 | β / 6 | 1 / 7 | 4 / 8 | 3 / 8 | 4 / 8 | β / 6 |
| Accruals ratio | β20.0% | β4.7% | β26.7% | β4.9% | β5.3% | β0.5% | β42.1% |
| Altman Z'' | β | β24.60 | β27.81 | β16.59 | β | β | β |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | β | $1.9M | $1.1M | $4.1M | $4.6M | $4.9M | β |
| Net interest income | β | β$0.4M | β | β | β | β | β |
| Gross profit | β | β | $0.5M | $1.4M | $1.1M | $1.7M | β |
| Research and development | $5.8M | $5.3M | $7.3M | $3.7M | $3.2M | $2.8M | $3.0M |
| Operating income | β | β$10.2M | β$18.6M | β$7.9M | β | β | β |
| Pretax income | β | β | β$18.6M | β$7.9M | β$7.7M | β$8.7M | β$11.4M |
| Income tax | β | β | β | $0.0M | $0.0M | β | β |
| Net income | β$8.9M | β$10.2M | β$18.6M | β$7.9M | β$7.7M | β$8.2M | β$12.6M |
| Net income to common | β | β | β | β | β | β$8.2M | β$13.0M |
| Diluted EPS | β$1.71 | β$37.96 | β$33.17 | β$3.25 | β$20.14 | β$8.36 | β$3.12 |
| Diluted shares | 0.01B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B |
| Cash flow | |||||||
| Cash from operations | β$7.4M | β$9.8M | β$15.6M | β$7.3M | β$7.0M | β$8.1M | β$8.6M |
| Capital expenditure | $0.0M | $0.0M | $0.0M | $0.2M | $0.0M | β | β |
| Free cash flow | β$7.4M | β$9.8M | β$15.6M | β$7.4M | β$7.0M | β | β |
| Depreciation and amortization | $0.1M | $0.1M | $0.2M | $0.2M | $0.2M | $0.2M | $0.2M |
| Stock-based compensation | $1.0M | $0.6M | $0.7M | $0.3M | $0.1M | $0.1M | $0.1M |
| Acquisitions | β | β | β | $0.5M | β | β | β |
| Balance sheet | |||||||
| Cash and short-term investments | $5.8M | $7.4M | $6.2M | $9.0M | $6.6M | $10.8M | $2.2M |
| Current assets | $6.3M | $8.4M | $9.6M | $11.3M | $8.7M | $12.9M | $2.7M |
| Current liabilities | $1.7M | $2.2M | $3.3M | $2.0M | $2.0M | $1.8M | $2.0M |
| Inventory | β | β | $2.5M | $1.6M | $1.2M | $1.0M | β |
| Property and equipment, net | $0.4M | $0.3M | $0.9M | $0.7M | $1.3M | $1.0M | $0.2M |
| Intangible assets | $1.1M | $1.1M | $2.1M | $1.9M | $1.8M | $1.6M | β |
| Total assets | $7.8M | $9.8M | $12.8M | $14.1M | $11.8M | $15.6M | $3.0M |
| Total liabilities | $1.9M | $2.4M | $3.7M | $2.0M | $2.6M | $2.1M | $2.0M |
| Shareholders' equity | $5.9M | $7.4M | $9.1M | $12.1M | $9.2M | $13.4M | $1.1M |
| Margins | |||||||
| Gross margin | β | β | 49.9% | 33.9% | 23.9% | 34.5% | β |
| Operating margin | β | β535.9% | β1,707.4% | β192.2% | β | β | β |
| EBITDA margin | β | β529.5% | β1,690.3% | β187.3% | β | β | β |
| Net margin | β | β535.9% | β1,707.4% | β192.2% | β166.9% | β165.1% | β |
| FCF margin | β | β514.3% | β1,434.1% | β180.0% | β152.1% | β | β |
| Net interest share of revenue | β | β18.9% | β | β | β | β | β |
| Returns | |||||||
| Return on capital employed | β | β134.9% | β196.5% | β65.7% | β | β | β |
| Return on equity | β152.1% | β154.0% | β226.1% | β75.1% | β72.1% | β72.1% | β173.1% |
| Return on assets | β114.6% | β116.1% | β164.8% | β59.1% | β59.2% | β59.6% | β135.0% |
| Return on tangible equity | β186.6% | β161.6% | β266.9% | β78.4% | β103.4% | β69.1% | β1,208.6% |
| Growth | |||||||
| Revenue growth | β | β | β42.8% | 279.6% | 11.2% | 7.5% | β |
| Share count change | β | β94.9% | 108.6% | 336.6% | β84.4% | 156.1% | 326.6% |
| Financial health | |||||||
| Current ratio | 3.8x | 3.8x | 2.9x | 5.7x | 4.4x | 7.0x | 1.4x |
| Quick ratio | 3.8x | 3.8x | 2.1x | 4.9x | 3.8x | 6.5x | 1.4x |
| Capital allocation | |||||||
| Capex / revenue | β | 0.1% | 3.6% | 3.9% | 0.2% | β | β |
| Stock comp / revenue | β | 32.0% | 64.1% | 6.7% | 3.0% | 2.4% | β |
| Quality scores | |||||||
| Piotroski F-score | β | β | 1.0 | 4.0 | 3.0 | 4.0 | β |
| Altman Z'' | β | β24.6 | β27.8 | β16.6 | β | β | β |
| Accruals ratio | β20.0% | β4.7% | β26.7% | β4.9% | β5.3% | β0.5% | β42.1% |
Source: SEC EDGAR XBRL filings (CIK 0001728328). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.