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Intermap Technologies Corporation

IMP.TO
19
Software - Application · Technology
Price
C$1.03
+0.00 (+0.00%)
Market Cap
C$76.0M
Exchange
Toronto Stock Exchange
Winston Score
19
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Weak
Growth
Weak
Cash Flow
Weak
Stability
Good
Valuation
Data not available

Share count rising — dilution

+128.6% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 27.0M (2021) → 61.8M (2025)

Winston Score History

The full picture

Intermap Technologies is a Canadian company that collects and sells detailed 3D maps of the Earth's surface. Its main product is high-accuracy elevation data, which it licenses to governments, insurance companies, aviation firms, and defense agencies. The company is known for its NEXTMap database, one of the largest commercial collections of elevation data in the world.

Intermap makes money by licensing its geospatial data and software to customers who need precise terrain information for things like flood risk modeling, flight path planning, and infrastructure projects. It operates globally but is headquartered in Denver, Colorado, and is a small company with a market cap around $100 million. The negative gross and operating margins show the business is currently spending more than it earns, and its main challenge is reaching the scale needed to turn its data assets into consistent profit before it runs out of runway.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-35.6% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-107.2% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

12.3%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~4 years

$17M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

$17M cash & investments at current burn rate

Revenue declining

Intermap Technologies Corporation's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
-81.9%
Thin — -81.9% gross margin
Profit after running costs
Operating Margin
-103.1%
Losing money on operations — -103.1%
Return on the money invested
ROCE
-49.8%
Weak — -49.8% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
-66.4%
Shrinking sales (-66.4% YoY)
Profit growth
EPS YoY
-753.8%
Earnings shrinking (-753.8% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-134.5%
Burning cash (-134.5%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
0.11
Conservative — low debt load (0.11)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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