Body And Mind Inc Financials

BMMJ

Trailing 12 months to April 30, 2024

Revenue $22.7M YoY not available

Net Income -$13.8M YoY not available

EPS (Diluted) Not reported for the trailing 12 months

Free Cash Flow -$4.3M YoY not available

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2024, ended Apr 30, 2024 Reported Jun 20, 2024 Currency USD FYE July

Body And Mind Inc (BMMJ) reported $22.7M in revenue over the twelve months to Apr 30, 2024. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BMMJ FY2023 2026-08-15

Margin compression turned a once-scaling revenue base into persistent cash burn and a balance sheet squeezed by past losses.

Scale did not vanish; revenue was still $22.8M after peaking at $26.9M. But gross margin dropped from 44.6% to 25.3%, which explains why near break-even cash conversion gave way to persistent operating cash outflow even without a dramatic sales decline.

The balance sheet now carries negative equity: liabilities of $30.5M exceed assets of $21.2M. That matters because a 1.1x current ratio and cash of $1.5M leave little buffer, so financing inflows are supporting day-to-day operations rather than simply adding growth capital.

Receivables were only $27K while revenue still reached $22.8M, so the cash strain is not mainly about customers paying slowly. The deeper issue is gross profit dollars: only $5.8M remained after direct costs, and that was not enough to cover overhead plus reinvestment, so small operating setbacks translate into cash pressure quickly.

Financial Health Signals

Financial health score not available

Body And Mind Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Distress

-4.49

Body And Mind Inc scores -4.49, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($30K) relative to total liabilities ($30.5M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

2/7

Body And Mind Inc passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality No Cash Backing

N/A

Body And Mind Inc reported a net loss of $20.6M while operations used $3.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue

$22.8M

YoY-2.4%

5Y CAGR+53.3%

Body And Mind Inc generated $22.8M in revenue in fiscal year 2023. This represents a decrease of 2.4% from the prior year.

EBITDA

-$6.6M

YoY-90.1%

Body And Mind Inc's EBITDA was -$6.6M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 90.1% from the prior year.

Net Income

-$20.6M

YoY+27.1%

Body And Mind Inc reported -$20.6M in net income in fiscal year 2023. This represents an increase of 27.1% from the prior year.

EPS (Diluted)

Not reported for fiscal year 2023.

Cash & Balance Sheet

Free Cash Flow

-$4.8M

YoY-30.1%

Body And Mind Inc recorded an outflow of $4.8M in free cash flow in fiscal year 2023, representing a cash shortfall after capex. This represents a decrease of 30.1% from the prior year.

Cash & Debt

$1.5M

YoY+2.0%

5Y CAGR+35.1%

Body And Mind Inc held $1.5M in cash as of fiscal year 2023; long-term debt is not reported for that period.

Shares Outstanding

147M

Body And Mind Inc had 147M shares outstanding in fiscal year 2023.

Dividends Per Share

Not reported for fiscal year 2023.

Margins & Returns

Gross Margin

25.3%

YoY-6.6pp

5Y CAGR-19.1pp

Body And Mind Inc's gross margin was 25.3% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is down 6.6 percentage points from the prior year.

Operating Margin

-33.6%

YoY-14.3pp

Body And Mind Inc's operating margin was -33.6% in fiscal year 2023, reflecting core business profitability. This is down 14.3 percentage points from the prior year.

Net Margin

-90.1%

5Y CAGR-24.0pp

Body And Mind Inc's net profit margin was -90.1% in fiscal year 2023, showing the share of revenue converted to profit. No change is given against fiscal year 2022: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Return on Equity

Not reported for fiscal year 2023.

Capital Allocation

Capital Expenditures

$993K

YoY+275.4%

5Y CAGR+12.0%

Body And Mind Inc invested $993K in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents an increase of 275.4% from the prior year.

R&D Spending

Not reported for fiscal year 2023.

Share Buybacks

Not reported for fiscal year 2023.

BMMJ Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

BMMJ quarterly income statement

Metric	TTM	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Revenue	$22.7M	$22.8M-2.4%	$23.4M-13.1%	$26.9M+331.6%	$6.2M+16.8%	$5.3M+98.2%	$2.7M	N/A
Cost of Revenue	$15.4M	$17.0M+7.0%	$15.9M+16.2%	$13.7M+262.8%	$3.8M+33.5%	$2.8M+132.7%	$1.2M	N/A
Gross Profit	$7.2M	$5.8M-22.4%	$7.4M-37.9%	$12.0M+694.9%	$1.5M-15.3%	$1.8M+48.9%	$1.2M	N/A
SG&A Expenses	N/A	$235K+4.9%	$224K-70.8%	$766K-89.1%	$7.1M+52.6%	$4.6M+234.3%	-$3.4M-1077.3%	$352K
Operating Income	-$6.1M	-$7.7M-70.0%	-$4.5M-868.2%	$587K+110.6%	-$5.5M-95.1%	-$2.8M	N/A	N/A
Interest Expense	N/A	N/A	$1.4M+2470.0%	$53K-59.8%	$133K-89.3%	$1.2M+348.3%	$277K	N/A
Income Tax	-$1.8M	-$2.2M-22.2%	-$1.8M-181.9%	$2.2M+1514.9%	$134K	$0+100.0%	-$239K	N/A
Net Income	-$13.8M	-$20.6M+27.1%	-$28.2M-1328.2%	-$2.0M+57.0%	-$4.6M-22.5%	-$3.8M-110.7%	-$1.8M-385.1%	-$367K

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Revenue	$4.4M-0.5%	$4.4M-18.8%	$5.5M-34.8%	$8.4M+100.6%	$4.2M-5.9%	$4.4M-24.2%	$5.8M	N/A
Cost of Revenue	$2.4M+1.5%	$2.4M-29.6%	$3.4M-52.2%	$7.1M+218.4%	$2.2M-15.7%	$2.7M-46.6%	$5.0M	N/A
Gross Profit	$2.0M-2.9%	$2.0M-0.9%	$2.0M+67.4%	$1.2M-36.7%	$1.9M+8.8%	$1.8M+106.0%	$860K	N/A
SG&A Expenses	N/A	N/A	$66K	N/A	N/A	N/A	$235K	N/A
Operating Income	-$1.3M-58.6%	-$844K+27.4%	-$1.2M+58.5%	-$2.8M-118.3%	-$1.3M+10.5%	-$1.4M+33.5%	-$2.2M	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	$425K+11.5%	$381K	N/A
Income Tax	$388K-27.1%	$532K-36.5%	$838K+123.6%	-$3.6M-890.7%	$449K+21.3%	$370K-34.4%	$565K	N/A
Net Income	-$2.5M-1403.7%	-$169K-203.0%	$164K+101.5%	-$11.3M-212.1%	-$3.6M-31.7%	-$2.7M+7.2%	-$3.0M	N/A

Not reported in any period shown, so not listed: R&D Expenses, EPS (Diluted).

BMMJ Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

BMMJ quarterly balance sheet

Metric	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Total Assets	$21.2M-31.6%	$31.0M-35.5%	$48.1M+24.0%	$38.8M+7.1%	$36.2M+133.6%	$15.5M+2906.6%	$516K
Current Assets	$9.4M-27.4%	$13.0M-9.2%	$14.3M+155.4%	$5.6M-51.7%	$11.6M+476.7%	$2.0M+387.3%	$412K
Cash & Equivalents	$1.5M+2.0%	$1.4M-80.6%	$7.4M+445.4%	$1.4M-85.0%	$9.0M+2672.1%	$325K-11.4%	$367K
Inventory	$910K-74.5%	$3.6M+21.4%	$2.9M+65.9%	$1.8M+27.3%	$1.4M+45.8%	$953K	N/A
Accounts Receivable	$27K-93.8%	$439K-71.6%	$1.5M+58.8%	$973K+3.5%	$940K+48.6%	$632K+3453.6%	$18K
Goodwill	N/A	$0-100.0%	$5.2M+96.1%	$2.6M0.0%	$2.6M0.0%	$2.6M	N/A
Total Liabilities	$30.5M+46.0%	$20.9M+51.9%	$13.8M+150.7%	$5.5M+80.6%	$3.0M-35.6%	$4.7M+2342.0%	$193K
Current Liabilities	$8.7M+19.3%	$7.3M+33.3%	$5.5M+95.3%	$2.8M+111.7%	$1.3M-55.9%	$3.0M+1455.0%	$193K
Total Equity	-$10.3M-206.7%	$9.6M-71.9%	$34.3M+3.1%	$33.3M+0.3%	$33.2M+207.8%	$10.8M+3245.4%	$322K
Retained Earnings	-$66.8M-45.9%	-$45.8M-167.4%	-$17.1M-15.2%	-$14.9M-41.2%	-$10.5M-55.4%	-$6.8M-35.7%	-$5.0M

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Total Assets	$16.2M-10.1%	$18.0M+2.8%	$17.5M-17.5%	$21.2M-35.0%	$32.6M+0.1%	$32.6M+12.4%	$29.0M-6.5%	$31.0M
Current Assets	$4.7M-19.1%	$5.8M+2.3%	$5.7M-39.8%	$9.4M+30.8%	$7.2M-11.1%	$8.1M+21.1%	$6.7M-48.4%	$13.0M
Cash & Equivalents	$292K-80.0%	$1.5M+63.3%	$891K-39.0%	$1.5M-41.6%	$2.5M-20.2%	$3.1M+211.0%	$1.0M-29.7%	$1.4M
Inventory	$633K-1.7%	$644K-69.4%	$2.1M+131.3%	$910K-66.4%	$2.7M-3.1%	$2.8M-14.0%	$3.3M-8.7%	$3.6M
Accounts Receivable	$42K+22.6%	$34K-94.6%	$638K+2243.3%	$27K-96.5%	$782K-9.6%	$865K+60.6%	$539K+22.8%	$439K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0
Total Liabilities	$28.1M+1.3%	$27.8M+2.8%	$27.0M-11.6%	$30.5M-1.6%	$31.0M+12.4%	$27.6M+26.2%	$21.9M+4.6%	$20.9M
Current Liabilities	$10.1M-14.1%	$11.8M+19.2%	$9.9M+13.1%	$8.7M-18.8%	$10.8M+26.9%	$8.5M+11.0%	$7.6M+4.3%	$7.3M
Total Equity	-$13.1M-20.4%	-$10.9M-3.3%	-$10.5M-2.4%	-$10.3M-1475.8%	$747K-82.6%	$4.3M-34.3%	$6.5M-32.1%	$9.6M
Retained Earnings	-$69.6M-3.9%	-$67.0M-0.4%	-$66.7M+0.1%	-$66.8M-20.5%	-$55.5M-7.3%	-$51.7M-5.8%	-$48.9M-6.7%	-$45.8M

Not reported in any period shown, so not listed: Long-Term Debt.

BMMJ Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

BMMJ quarterly cash flow statement

Metric	TTM	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Operating Cash Flow	-$4.2M	-$3.8M-11.3%	-$3.4M-1267.7%	$295K+112.8%	-$2.3M+28.5%	-$3.2M-51.0%	-$2.1M-365.7%	-$459K
Capital Expenditures	$140K	$993K+275.4%	$265K-34.3%	$402K-53.8%	$872K+136.8%	-$368K-34.8%	-$564K	N/A
Free Cash Flow	-$4.3M	-$4.8M-30.1%	-$3.7M-3350.2%	-$107K+96.6%	-$3.2M+11.6%	-$3.6M-33.1%	-$2.7M	N/A
Investing Cash Flow	$8.7M	-$74K+96.5%	-$2.1M-157.9%	-$832K+84.4%	-$5.3M+37.3%	-$8.5M-216.3%	-$2.7M-2713.2%	-$96K
Financing Cash Flow	-$6.6M	$3.5M+13348.3%	-$27K-100.4%	$6.2M+6687.5%	$91K-99.5%	$20.1M+318.7%	$4.8M+432.3%	$903K

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Operating Cash Flow	-$1.3M-714.9%	$220K+119.6%	-$1.1M+42.6%	-$1.9M-830.0%	$267K+117.1%	-$1.6M-165.4%	-$589K	N/A
Capital Expenditures	$0-100.0%	$32K-60.6%	$80K+188.2%	$28K-97.1%	$965K+20671.5%	-$5K0.0%	$5K	N/A
Free Cash Flow	-$1.3M-818.2%	$188K+115.7%	-$1.2M+39.3%	-$2.0M-183.0%	-$698K+55.5%	-$1.6M-164.1%	-$594K	N/A
Investing Cash Flow	$39K-91.4%	$454K-94.4%	$8.0M+4991.1%	$158K+120.8%	-$758K-281.1%	$418K+291.1%	$107K	N/A
Financing Cash Flow	$7K-3.9%	$7K+100.1%	-$7.2M-1435.0%	$538K+1702.0%	-$34K-101.1%	$3.0M+37634675.0%	-$8	N/A

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

BMMJ Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

BMMJ quarterly financial ratios

Metric	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Gross Margin	25.3%-6.6pp	31.9%-12.7pp	44.6%+20.4pp	24.2%-9.2pp	33.4%-11.0pp	44.4%	N/A
Operating Margin	-33.6%-14.3pp	-19.3%-21.5pp	2.2%+91.2pp	-89.0%-35.7pp	-53.3%	N/A	N/A
Net Margin	-90.1%	-120.8%	-7.3%+66.4pp	-73.8%-3.5pp	-70.3%-4.2pp	-66.1%	N/A
Return on Equity	N/A	-293.1%-287.4pp	-5.8%+8.1pp	-13.8%-2.5pp	-11.3%+5.2pp	-16.5%+97.4pp	-113.9%
Return on Assets	-97.0%-6.0pp	-91.0%-86.9pp	-4.1%+7.7pp	-11.8%-1.5pp	-10.4%+1.1pp	-11.5%+59.7pp	-71.2%
Current Ratio	1.08-0.7x	1.77-0.8x	2.61+0.6x	1.99-6.7x	8.73+8.1x	0.67-1.5x	2.13
Debt-to-Equity	N/A	2.17+1.8x	0.40+0.2x	0.17+0.1x	0.09-0.3x	0.44-0.2x	0.60
FCF Margin	-21.1%-5.3pp	-15.9%-15.5pp	-0.4%+50.6pp	-51.0%+16.4pp	-67.4%	-100.4%	N/A

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Gross Margin	44.6%-1.1pp	45.7%+8.3pp	37.4%+22.8pp	14.6%-31.6pp	46.2%+6.2pp	39.9%+25.2pp	14.7%	N/A
Operating Margin	-30.4%-11.3pp	-19.1%+2.3pp	-21.3%+12.1pp	-33.5%-2.7pp	-30.8%+1.6pp	-32.3%+4.5pp	-36.8%	N/A
Net Margin	-57.6%-53.8pp	-3.8%-6.8pp	3.0%	-134.6%	-86.5%-24.7pp	-61.8%-11.3pp	-50.5%	N/A
Return on Equity	N/A	N/A	N/A	N/A	-483.2%-419.4pp	-63.8%-18.6pp	-45.2%	N/A
Return on Assets	-15.7%-14.7pp	-0.9%-1.9pp	0.9%+54.0pp	-53.1%-42.0pp	-11.1%-2.7pp	-8.4%+1.8pp	-10.2%	N/A
Current Ratio	0.460.0x	0.49-0.1x	0.57-0.5x	1.08+0.4x	0.67-0.3x	0.96+0.1x	0.88-0.9x	1.77
Debt-to-Equity	N/A	N/A	N/A	N/A	41.55+35.1x	6.43+3.1x	3.35+1.2x	2.17
FCF Margin	-30.6%-34.9pp	4.2%+26.2pp	-22.0%+1.6pp	-23.6%-6.9pp	-16.7%+18.6pp	-35.4%-25.2pp	-10.2%	N/A

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.

Note: Shareholder equity is negative (-$10.3M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

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Where Body And Mind Inc Ranks

Frequently Asked Questions

What is Body And Mind Inc's annual revenue?

Body And Mind Inc (BMMJ) reported $22.8M in total revenue for fiscal year 2023. This represents a -2.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Body And Mind Inc's revenue growing?

Body And Mind Inc (BMMJ) revenue declined by 2.4% year-over-year, from $23.4M to $22.8M in fiscal year 2023.

Is Body And Mind Inc profitable?

No, Body And Mind Inc (BMMJ) reported a net income of -$20.6M in fiscal year 2023, with a net profit margin of -90.1%.

What is Body And Mind Inc's EBITDA?

Body And Mind Inc (BMMJ) had EBITDA of -$6.6M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.

What is Body And Mind Inc's gross margin?

Body And Mind Inc (BMMJ) had a gross margin of 25.3% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.

What is Body And Mind Inc's operating margin?

Body And Mind Inc (BMMJ) had an operating margin of -33.6% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.

What is Body And Mind Inc's net profit margin?

Body And Mind Inc (BMMJ) had a net profit margin of -90.1% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.

What is Body And Mind Inc's free cash flow?

Body And Mind Inc (BMMJ) recorded an outflow of $4.8M in free cash flow during fiscal year 2023. This represents a -30.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Body And Mind Inc's operating cash flow?

Body And Mind Inc (BMMJ) recorded an outflow of $3.8M in operating cash flow during fiscal year 2023, representing cash used by core business activities.

What are Body And Mind Inc's total assets?

Body And Mind Inc (BMMJ) had $21.2M in total assets as of fiscal year 2023, including both current and long-term assets.

What are Body And Mind Inc's capital expenditures?

Body And Mind Inc (BMMJ) invested $993K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.

How many shares does Body And Mind Inc have outstanding?

Body And Mind Inc (BMMJ) had 147M shares outstanding as of fiscal year 2023.

What is Body And Mind Inc's current ratio?

Body And Mind Inc (BMMJ) had a current ratio of 1.08 as of fiscal year 2023, which is considered adequate.

What is Body And Mind Inc's return on assets (ROA)?

Body And Mind Inc (BMMJ) had a return on assets of -97.0% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.

How does Body And Mind Inc's liquidity compare with its operating cash outflow?

At the end of fiscal year 2023, Body And Mind Inc (BMMJ) held $1.5M in cash, cash equivalents and investments, and reported an operating cash outflow of $3.8M over that year. Dividing the one by the other, the reported balance equals about 5 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

Why is Body And Mind Inc's debt-to-equity ratio negative or not reported?

Body And Mind Inc (BMMJ) has negative shareholder equity of -$10.3M as of fiscal year 2023, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Body And Mind Inc's Altman Z-Score?

Body And Mind Inc (BMMJ) has an Altman Z-Score of -4.49, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Body And Mind Inc's Piotroski F-Score?

Body And Mind Inc (BMMJ) has a Piotroski F-Score of 2 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Body And Mind Inc's earnings high quality?

Body And Mind Inc (BMMJ) reported a net loss of $20.6M while operations used $3.8M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.