Company Analysis

Intercure Ltd. (INCR)

Nasdaq: INCR · Pharmaceutical Preparations · Herzliya, IL · filing with the SEC since 2021
Grade4.7
◀ Past 6.6● Present 5.3▶ Future 1.8
2 est.

The grade of Intercure Ltd.

Nine metrics read from its own filings, by tense
Headline grade
4.7/10
◀ Past6.630% of the headline
● Present5.340% of the headline
▶ Future1.830% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.6/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
5.6/10

Has it survived what it has been through?

2 warning events since 2021; the latest 2025-05-01.

weight 33% of this tense · 56th percentile among 497 sector filers · read for itself

From the record

Intercure Ltd.'s filings since 2021 show 2 warning events: a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2025-05-01) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
7.0/10

What has it actually done, year after year?

+92.9% a year over 6 filed years; profitable in 2 of 6.

weight 45% of this tense · 70th percentile among 323 sector filers · read for its customers

From the record

Intercure Ltd.'s 6 filed years say what it did: revenue went from ILS 9 million in fiscal 2019 to ILS 239 million in fiscal 2024, up 92.9% a year; it rose in 3 of 5 years; the deepest fall was 39% from fiscal 2022 to fiscal 2024; net income was positive in 2 of 6 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span92.9%top 12% of its family
  • the share of years revenue rosetop 50% of its family
  • the share of filed years with a profittop 19% of its family
  • the deepest fall from a revenue peak38.6%top 40% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
7.3/10

How has it treated the people who own it?

SI estimate 7.3/10, confidence 35 of 100 (one part).

weight 22% of this tense · 73rd percentile among 464 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the top 27% of 464 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 464 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Intercure Ltd.'s shareholder treatment is put at 7.3 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 27% of 464 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

5.3/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
5.5/10

Is it financially healthy right now?

ROE -18%: lost 18¢ per shareholder dollar. Leverage 48%: owes 48¢ per asset dollar.

weight 45% of this tense · 55th percentile among 473 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2024-12-31, Intercure Ltd. lost about 18 cents for every dollar of shareholders' money, and gross profitability: its products earned about 4 cents per dollar of everything the company owns. Leverage: it owed about 48 cents per dollar of assets, and net share issuance: its share count grew 0.7% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 35% of its family
  • return on equitytop 26% of its family
  • gross profit against assetsbottom 23% of its family
  • the share count against the year beforetop 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.3/10

How strong is its position in its industry?

top 47% of 315 in its family; net margin -30.5%.

weight 33% of this tense · 53rd percentile among 315 sector filers · read for its customers

From the record

Intercure Ltd.'s standing among 315 graded names in its industry family: revenue of ILS 239 million in fiscal 2024 is not ranked by size, since the family reports in another currency; a net margin of -30.5% ranks in the top 36%; revenue growth of 2.8% a year over the last 3 filed years ranks in the bottom 42% (its annual reports).

What it rests on

  • net margin-30.5%top 36% of its family
  • three-year revenue growth2.8%bottom 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.0/10

What are the people in charge doing?

SI estimate 5.0/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 371 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-04-16 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 7 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 371 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-04-16 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 7 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 371 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Intercure Ltd.'s leadership is put at 5.0 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-04-16 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 7 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 371 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

1.8/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
1.9/10

How much room does it have to grow?

bottom 19% of 273 in its family for room to expand.

weight 45% of this tense · 19th percentile among 273 sector filers · read for itself

From the record

Intercure Ltd.'s room to grow, from the newest filed statements (fiscal 2024): cash of ILS 78 million against debt of ILS 183 million leaves -13.7% of its assets as net cash, bottom 9% of its family; cash from operations less capital spending is -29.9% of revenue (top 41%); a gross margin of 12.7% (bottom 7%); research spending of 0.2% of revenue (bottom 1%) (its annual report).

What it rests on

  • cash less debt against assets-13.7%bottom 9% of its family
  • cash from operations less capital spending against revenue-29.9%top 41% of its family
  • gross margin12.7%bottom 7% of its family
  • research spending against revenue0.2%bottom 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
1.9/10

What could actually drive growth from here?

bottom 19% of 306 in its family for growth drivers.

weight 33% of this tense · 19th percentile among 306 sector filers · read for its customers

From the record

Intercure Ltd.'s growth drivers, from the filed years to fiscal 2024: revenue grew 2.8% a year over the last three filed years against 92.9% over all 6, slowing (bottom 5% of its family); the newest year grew -32.8% (bottom 23%); research spending grew -30.5% a year (bottom 12%); capital spending grew -32.2% a year (bottom 36%) (its annual reports). Intercure Ltd. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-90.1 points a yearbottom 5% of its family
  • the newest year's revenue growth-32.8%bottom 23% of its family
  • three-year growth of research spending-30.5%bottom 12% of its family
  • three-year growth of capital spending-32.2%bottom 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
1.6/10

Did its newest year beat what its own record pointed to?

bottom 16% of 233 in its family for expectations against reality.

weight 22% of this tense · 16th percentile among 233 sector filers · read for its shareholders

From the record

Intercure Ltd.'s newest year against its own record: revenue of ILS 239 million in fiscal 2024 came in 47.2% below the ILS 452 million its prior three years' pace pointed to (bottom 20% of its family); net income of ILS 73 million against a prior three-year average of ILS 4 million (bottom 3%); a net margin of -30.5% against -1.1% before (bottom 24%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-47.2%bottom 20% of its family
  • net income against the prior three years' averagefive times below its prior average or morebottom 3% of its family
  • net margin against its prior average-29.4 pointsbottom 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton INCR · research, not advice