ImmunoPrecise Antibodies Ltd.

EDGAR

Annual consolidated revenue for 2026: about CAD 15.56M, using the latest reported figures. The previous period, 2025, was about CAD 10.63M.

Watchlist

Latest quarter

Revenue

3.83 million CAD

2027 Q1 · CAD

Exact inputs and evidence

Free cash flow margin

-107.46%

2027 Q1 · %

Exact inputs and evidence
  • Revenue: 3834000 CAD Source
  • Operating Cash Flow: -4042000 CAD Source
  • Capital Expenditure: 78000 CAD Source

Operating cash flow

-4.04 million CAD

2027 Q1 · CAD

Exact inputs and evidence
  • Operating Cash Flow: -4042000 CAD Source

Free cash flow

-4.12 million CAD

2027 Q1 · CAD

Exact inputs and evidence
  • Operating Cash Flow: -4042000 CAD Source
  • Capital Expenditure: 78000 CAD Source
Cash and cash equivalents
7.75 million CAD Source
Exact value

7751000 CAD

Long-term debt including current maturities
Not available
Shares outstanding
Not available

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

16.2 million CAD

2025-08-01 – 2026-07-31

Exact inputs and evidence
  • Revenue: 4124000 CAD · 2025-08-01 – 2025-10-31 Source
  • Revenue: 4158000 CAD · 2025-11-01 – 2026-01-31 Source
  • Revenue: 15558000 CAD · 2025-05-01 – 2026-04-30 Source
  • Revenue: 11443000 CAD · 2025-05-01 – 2026-01-31 Source
  • Revenue: 3834000 CAD · 2026-05-01 – 2026-07-31 Source

Operating cash flow

-12.3 million CAD

2025-08-01 – 2026-07-31

Exact inputs and evidence
  • Operating cash flow: -7083000 CAD · 2025-05-01 – 2025-10-31 Source
  • Operating cash flow: -4213000 CAD · 2025-05-01 – 2025-07-31 Source
  • Operating cash flow: -10055000 CAD · 2025-05-01 – 2026-01-31 Source
  • Operating cash flow: -7083000 CAD · 2025-05-01 – 2025-10-31 Source
  • Operating cash flow: -12463000 CAD · 2025-05-01 – 2026-04-30 Source
  • Operating cash flow: -10055000 CAD · 2025-05-01 – 2026-01-31 Source
  • Operating cash flow: -4042000 CAD · 2026-05-01 – 2026-07-31 Source

Capital expenditure

194 thousand CAD

2025-08-01 – 2026-07-31

Exact inputs and evidence
  • Capital expenditure: 356000 CAD · 2025-05-01 – 2025-10-31 Source
  • Capital expenditure: 282000 CAD · 2025-05-01 – 2025-07-31 Source
  • Capital expenditure: 387000 CAD · 2025-05-01 – 2026-01-31 Source
  • Capital expenditure: 356000 CAD · 2025-05-01 – 2025-10-31 Source
  • Capital expenditure: 398000 CAD · 2025-05-01 – 2026-04-30 Source
  • Capital expenditure: 387000 CAD · 2025-05-01 – 2026-01-31 Source
  • Capital expenditure: 78000 CAD · 2026-05-01 – 2026-07-31 Source

Free cash flow

-12.5 million CAD

2025-08-01 – 2026-07-31

Exact inputs and evidence
  • Operating cash flow: -7083000 CAD · 2025-05-01 – 2025-10-31 Source
  • Operating cash flow: -4213000 CAD · 2025-05-01 – 2025-07-31 Source
  • Operating cash flow: -10055000 CAD · 2025-05-01 – 2026-01-31 Source
  • Operating cash flow: -7083000 CAD · 2025-05-01 – 2025-10-31 Source
  • Operating cash flow: -12463000 CAD · 2025-05-01 – 2026-04-30 Source
  • Operating cash flow: -10055000 CAD · 2025-05-01 – 2026-01-31 Source
  • Operating cash flow: -4042000 CAD · 2026-05-01 – 2026-07-31 Source
  • Capital expenditure: 356000 CAD · 2025-05-01 – 2025-10-31 Source
  • Capital expenditure: 282000 CAD · 2025-05-01 – 2025-07-31 Source
  • Capital expenditure: 387000 CAD · 2025-05-01 – 2026-01-31 Source
  • Capital expenditure: 356000 CAD · 2025-05-01 – 2025-10-31 Source
  • Capital expenditure: 398000 CAD · 2025-05-01 – 2026-04-30 Source
  • Capital expenditure: 387000 CAD · 2025-05-01 – 2026-01-31 Source
  • Capital expenditure: 78000 CAD · 2026-05-01 – 2026-07-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-06.

Financial data available through: 2026-04-30.

Coverage by financial measure
  • Revenue: 7 of 11 periods available· newest 2026-04-30
  • operating income: No compatible figures in this window
  • net income: No compatible figures in this window
  • Operating cash flow: 7 of 11 periods available· newest 2026-04-30
  • Capital expenditure: 7 of 11 periods available· newest 2026-04-30
  • Total assets: 7 of 11 periods available· newest 2026-04-30
  • Total liabilities: 7 of 11 periods available· newest 2026-04-30
  • Current assets: 7 of 11 periods available· newest 2026-04-30
  • Current liabilities: 7 of 11 periods available· newest 2026-04-30
  • Cash and cash equivalents: 7 of 11 periods available· newest 2026-04-30
  • long term debt: No compatible figures in this window
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +46.4%

    Prior period

    CAD 10.63 million

    –

    Current period

    CAD 15.56 million

    –

    Exact inputs and evidence

    15558000 − 10626000 = 4932000 CAD

    10626000 CAD · 2024-05-01 – 2025-04-30

    Inspect prior input Prior source

    15558000 CAD · 2025-05-01 – 2026-04-30

    Inspect current input Current source
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  • Operating cash flow

    −CAD 6.05 million

    Prior period

    −CAD 6.41 million

    –

    Current period

    −CAD 12.46 million

    –

    Exact inputs and evidence

    -12463000 − -6410000 = -6053000 CAD

    -6410000 CAD · 2024-05-01 – 2025-04-30

    Inspect prior input Prior source

    -12463000 CAD · 2025-05-01 – 2026-04-30

    Inspect current input Current source
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  • Capital expenditure

    -50.2%

    Prior period

    CAD 799,000

    –

    Current period

    CAD 398,000

    –

    Exact inputs and evidence

    398000 − 799000 = -401000 CAD

    799000 CAD · 2024-05-01 – 2025-04-30

    Inspect prior input Prior source

    398000 CAD · 2025-05-01 – 2026-04-30

    Inspect current input Current source
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Comparable inputs unavailable for: Net income.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2026 2025-05-01 – 2026-04-30

  • Revenue CAD 15.56 million 100% of revenue
  • Operating costs Derived Unavailable An input is unavailable.
  • Operating income Unavailable An input is unavailable.
  • Tax, interest and other Derived Unavailable An input is unavailable.
  • Net income Unavailable An input is unavailable.

Cash

  • Operating cash flow −CAD 12.46 million −80% of revenue
  • Capital expenditure CAD 398,000 2.6% of revenue
  • Free cash flow Derived −CAD 12.86 million −83% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2020 Not shown: operating income or net income is not reported.
  • 2021 Not shown: operating income or net income is not reported.
  • 2022 Not shown: operating income or net income is not reported.
  • 2023 Not shown: operating income or net income is not reported.
  • 2024 Not shown: operating income or net income is not reported.
  • 2025 Not shown: operating income or net income is not reported.
  • 2026 Not shown: operating income or net income is not reported.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2020 2019-05-01 – 2020-04-3014058000 UnavailableUnavailableUnavailableUnavailable-1765000 Derived
Source
2021 2020-05-01 – 2021-04-3017912000 UnavailableUnavailableUnavailableUnavailable-1975000 Derived
Source
2022 2021-05-01 – 2022-04-3019364000 UnavailableUnavailableUnavailableUnavailable-10987000 Derived
Source
2023 2022-05-01 – 2023-04-3020665000 UnavailableUnavailableUnavailableUnavailable-21328000 Derived
Source
2024 2023-05-01 – 2024-04-3010279000 UnavailableUnavailableUnavailableUnavailable-4581000 Derived
Source
2025 2024-05-01 – 2025-04-3010626000 UnavailableUnavailableUnavailableUnavailable-7209000 Derived
Source
2026 2025-05-01 – 2026-04-3015558000 UnavailableUnavailableUnavailableUnavailable-12861000 Derived
Source

Amounts are exact, in CAD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

CAD 15.6M 2026
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.22.3M16.7M11.2M5.6M0.0202020232026
Values and sources
Revenue values and source evidence
PeriodSeriesValue(CAD)Source evidence
2020Revenue14058000
2021Revenue17912000
2022Revenue19364000
2023Revenue20665000
2024Revenue10279000
2025Revenue10626000
2026Revenue15558000

Revenue growth

Change in revenue from the same financial period one year earlier.

46.4% 2026
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.54%26%-2%-30%-58%202020232026
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2020Year over yearNo prior comparable period
2021Year over year27.4%
2022Year over year8.1%
2023Year over year6.7%
2024Year over year-50.3%
2025Year over year3.4%
2026Year over year46.4%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Free cash flow margin -82.7% 2026
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.8%-22%-52%-82%-111%2020-04-302023-04-302026-04-30
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2020-04-30Operating marginNot reported
2021-04-30Operating marginNot reported
2022-04-30Operating marginNot reported
2023-04-30Operating marginNot reported
2024-04-30Operating marginNot reported
2025-04-30Operating marginNot reported
2026-04-30Operating marginNot reported
2020-04-30Net marginNot reported
2021-04-30Net marginNot reported
2022-04-30Net marginNot reported
2023-04-30Net marginNot reported
2024-04-30Net marginNot reported
2025-04-30Net marginNot reported
2026-04-30Net marginNot reported
2020Free cash flow margin-12.6%
2021Free cash flow margin-11%
2022Free cash flow margin-56.7%
2023Free cash flow margin-103.2%
2024Free cash flow margin-44.6%
2025Free cash flow margin-67.8%
2026Free cash flow margin-82.7%

Operating cash flow

Cash generated by the company’s normal business operations.

CAD -12.5M 2026
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.6M-4.2M-9.9M-15.7M-21.4M202020232026
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(CAD)Source evidence
2020Operating cash flow-1391000
2021Operating cash flow-600000
2022Operating cash flow-9921000
2023Operating cash flow-19833000
2024Operating cash flow-3184000
2025Operating cash flow-6410000
2026Operating cash flow-12463000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

CAD -12.9M 2026
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.7M-4.5M-10.7M-16.8M-23.0M202020232026
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(CAD)Source evidence
2020Free cash flow-1765000
2021Free cash flow-1975000
2022Free cash flow-10987000
2023Free cash flow-21328000
2024Free cash flow-4581000
2025Free cash flow-7209000
2026Free cash flow-12861000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

45% 2026
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.51%38%25%13%0%202020232026
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2020Liabilities / assets44.7%
2021Liabilities / assets15%
2022Liabilities / assets19.5%
2023Liabilities / assets25.7%
2024Liabilities / assets40.5%
2025Liabilities / assets46.8%
2026Liabilities / assets45%

Current assets to current liabilities

Current assets divided by current liabilities.

2.8× 2026
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.8.69×6.52×4.35×2.17×0.00×202020232026
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2020Current assets / current liabilities0.97×
2021Current assets / current liabilities8.05×
2022Current assets / current liabilities4.05×
2023Current assets / current liabilities2.84×
2024Current assets / current liabilities1.41×
2025Current assets / current liabilities2.08×
2026Current assets / current liabilities2.8×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2020 2019-05-01 – 2020-04-30
Unavailable Not reported for this period.
−CAD 1.39 million
Exact value

Exact value: -1391000 CAD

2019-05-01 – 2020-04-30: -1391000 CAD Inspect Operating Cash Flow Open source
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CAD 374,000
Exact value

Exact value: 374000 CAD

2019-05-01 – 2020-04-30: 374000 CAD Inspect Capital Expenditure Open source
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−CAD 1.77 million
Calculation and evidence

-1391000 − 374000 CAD

Exact free cash flow: -1765000 CAD

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2021 2020-05-01 – 2021-04-30
Unavailable Not reported for this period.
−CAD 600,000
Exact value

Exact value: -600000 CAD

2020-05-01 – 2021-04-30: -600000 CAD Inspect Operating Cash Flow Open source
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CAD 1.38 million
Exact value

Exact value: 1375000 CAD

2020-05-01 – 2021-04-30: 1375000 CAD Inspect Capital Expenditure Open source
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−CAD 1.98 million
Calculation and evidence

-600000 − 1375000 CAD

Exact free cash flow: -1975000 CAD

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2022 2021-05-01 – 2022-04-30
Unavailable Not reported for this period.
−CAD 9.92 million
Exact value

Exact value: -9921000 CAD

2021-05-01 – 2022-04-30: -9921000 CAD Inspect Operating Cash Flow Open source
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CAD 1.07 million
Exact value

Exact value: 1066000 CAD

2021-05-01 – 2022-04-30: 1066000 CAD Inspect Capital Expenditure Open source
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−CAD 10.99 million
Calculation and evidence

-9921000 − 1066000 CAD

Exact free cash flow: -10987000 CAD

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2023 2022-05-01 – 2023-04-30
Unavailable Not reported for this period.
−CAD 19.83 million
Exact value

Exact value: -19833000 CAD

2022-05-01 – 2023-04-30: -19833000 CAD Inspect Operating Cash Flow Open source
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CAD 1.5 million
Exact value

Exact value: 1495000 CAD

2022-05-01 – 2023-04-30: 1495000 CAD Inspect Capital Expenditure Open source
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−CAD 21.33 million
Calculation and evidence

-19833000 − 1495000 CAD

Exact free cash flow: -21328000 CAD

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2024 2023-05-01 – 2024-04-30
Unavailable Not reported for this period.
−CAD 3.18 million
Exact value

Exact value: -3184000 CAD

2023-05-01 – 2024-04-30: -3184000 CAD Inspect Operating Cash Flow Open source
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CAD 1.4 million
Exact value

Exact value: 1397000 CAD

2023-05-01 – 2024-04-30: 1397000 CAD Inspect Capital Expenditure Open source
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−CAD 4.58 million
Calculation and evidence

-3184000 − 1397000 CAD

Exact free cash flow: -4581000 CAD

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2025 2024-05-01 – 2025-04-30
Unavailable Not reported for this period.
−CAD 6.41 million
Exact value

Exact value: -6410000 CAD

2024-05-01 – 2025-04-30: -6410000 CAD Inspect Operating Cash Flow Open source
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CAD 799,000
Exact value

Exact value: 799000 CAD

2024-05-01 – 2025-04-30: 799000 CAD Inspect Capital Expenditure Open source
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−CAD 7.21 million
Calculation and evidence

-6410000 − 799000 CAD

Exact free cash flow: -7209000 CAD

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2026 2025-05-01 – 2026-04-30
Unavailable Not reported for this period.
−CAD 12.46 million
Exact value

Exact value: -12463000 CAD

2025-05-01 – 2026-04-30: -12463000 CAD Inspect Operating Cash Flow Open source
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CAD 398,000
Exact value

Exact value: 398000 CAD

2025-05-01 – 2026-04-30: 398000 CAD Inspect Capital Expenditure Open source
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−CAD 12.86 million
Calculation and evidence

-12463000 − 398000 CAD

Exact free cash flow: -12861000 CAD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

234 filings · 940 latest values · 940 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001715925, 1715925, HYFT, IPA, edgar:1715925

Also known as ImmunoPrecise Antibodies Ltd. , MindWalk Holdings Corp., MindWalk Holdings Corp. , IMMUNOPRECISE ANTIBODIES LTD., ImmunoPrecise Antibodies Ltd., MindWalk Holdings Corp.