InterCure Ltd.
INCR · Price history
Price at last available close
$4.49
−$0.60 (-11.79%) 1M
2026-10-28
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Company & revenue
About InterCure Ltd.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
InterCure Ltd., including its subsidiaries, is actively involved in the entire lifecycle of medical cannabis products. This encompasses everything from initial research and cultivation to manufacturing, marketing, and global distribution, serving both the Israeli market and international territories. The company's offerings feature dried cannabis flower alongside cannabis extracts infused with oil.
How they make money
InterCure operates as a vertically integrated cannabis company, generating revenue through the cultivation, processing, and distribution of medical cannabis products. The company manages a proprietary supply chain that includes research and development, cultivation facilities, and a network of specialized pharmacies under the Givol brand to serve patients directly.
Products & services
Medical cannabis products, including oils and inflorescences, distributed through a proprietary pharmacy network and wholesale channels.
Brands & revenue mix
Medical cannabis product brand.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
- Medical cannabis patientsSource
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
- Botanico Ltd. (ISHI) — Strategic acquisition providing access to premium U.S. genetics and advanced cultivation technologies.Source
Business relationships & partnerships
- Cannasoul R&D Ltd. — Strategic investment and collaboration agreement involving a 28% ownership stake with an exclusive path to increase holdings to 51%.Source
Strengths
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2025-12-31.
Diluted weighted-average shares increased 15.3% year over year.
Compare per-share results with total earnings and inspect the equity footnote. A change in weighted-average shares does not by itself establish the cause, the number of shares issued today, or the economic effect of a split.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
23
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
26
Poor
Financial Strength
52
Business Quality / Moat
23
Management
3
Growth Quality
19
Risk / Durability
11
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
18
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
22/100
Building Historical Record
Model Score 22/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Balance-sheet / debt profile scores strongly
- •Debt service risk
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
Company-specific research
Questions worth answering for INCR
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can INCR maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is INCR's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is INCR's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What specifically needs to improve for INCR to reach sustainable profitability?
- •What future growth or profitability would be needed to justify INCR's current valuation?
Essential Investment Snapshot
Wall Street Score
23
Opportunity Score
18
Market Cap
$53.2M
P/E Ratio
-4.6
EPS
$-1.16
52-Week High
$8.45
52-Week Low
$3.40
Beta
0.59
Shares Outstanding
11.4M
Total Revenue
$88.0M
Total Debt
$59.6M
Dividend
No current dividend
Liquidation Value / Share
$11.36
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Normal movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for INCR
Detected from reported data — verify before acting.Debt service risk
Interest coverage is low (~0.3x). Earnings may be strained to cover interest expense.
Community Sentiment
0 active · 0 total callsNo personal call yet on INCR.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Vertical integration across the cannabis value chain.
- +Proprietary pharmacy network (Givol).
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Drug Manufacturers - Specialty & Generic industry.
- −Regulatory and legal risks associated with the cannabis industry.
- −Dependence on cultivation and supply chain operations.
- −Diluted weighted-average shares increased 15.3% year over year.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
4 historical score records availablePrevious Score
23
Sep 13, 2026
Change
-0.1
points
Current Score
23
Oct 1, 2026
Category Changes
INCR decreased 0.1 points because some fundamentals weakened.
Projected Score
Projected Score
22
Projected Change
-1.2 points
Preliminary comparable-period financial changes suggest decline of approximately 1.2 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$4.49
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $88.0M | $88.0M | $77.8M | $115.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $74.8M | $77.2M | $67.9M | $81.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $13.3M | $10.8M | $9.8M | $34.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $127K | $127K | $135K | $126K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $31.2M | $26.2M | $27.6M | $28.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $22.1M | $8.6M | $31.7M | $47.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | -$18.0M | -$2.4M | -$16.7M | -$7.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$8.9M | $2.2M | -$21.9M | -$13.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $5.9M | $6.4M | $6.7M | $7.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$14.4M | -$14.4M | -$28.4M | -$20.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | -$2.4M | -$2.4M | -$4.7M | $732K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$11.6M | -$11.6M | -$22.1M | -$20.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-1.16 | $-1.03 | $-2.31 | $-2.21 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 10.14M | 11.36M | 9.55M | 9.11M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 10.14M | 11.36M | 9.55M | 9.11M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$22.8M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.55
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-13.4%
Cash Change
-40.7%
Margin Change
+36.9 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Debt reduced
What Weakened
- Cash position declined
Potential Score Impact
Positive indicators included revenue growth, debt levels, net income margin. Pressure indicators included EPS growth, cash levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 23.9%. EPS declined 57.0%. Cash declined 40.7%. Total debt declined 13.4%. Net income margin improved by 36.9 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
4 historical recordsHistorical Score Chart
3 of 4 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · INCR
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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