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Biorem Inc (TSE:BRM)
:BRM
Canadian Market

Biorem Inc (BRM) AI Stock Analysis

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TSE:BRM

Biorem Inc

(BRM)

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Neutral 68 (OpenAI - 5.2)
Rating:68Neutral
Price Target:
C$3.00
▲(13.21% Upside)
Action:DowngradedDate:02/03/26
The score is driven mainly by solid financial health (low leverage and strong ROE) but is held back by weakening near-term fundamentals (TTM revenue decline, margin compression, and a sharp drop in free cash flow). Technically, the trend is positive versus key moving averages, though momentum indicators are mixed and RSI is elevated. Valuation is reasonable but not compelling relative to the recent operational slowdown.
Positive Factors
Low leverage / stronger balance sheet
Sustained low leverage and rising equity provide resilience for a project-driven industrial business. This reduces refinancing risk, supports bidding on larger engineered projects, and offers capacity to absorb revenue volatility or fund targeted investments over the next several quarters.
Negative Factors
TTM revenue decline and margin erosion
Falling revenue and compressed margins point to either weaker project demand or rising input/project costs. If persistent, this reduces free cash generation and return metrics, pressuring capital allocation and limiting the company's ability to scale or invest in new product/service initiatives over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / stronger balance sheet
Sustained low leverage and rising equity provide resilience for a project-driven industrial business. This reduces refinancing risk, supports bidding on larger engineered projects, and offers capacity to absorb revenue volatility or fund targeted investments over the next several quarters.
Read all positive factors

Biorem Inc (BRM) vs. iShares MSCI Canada ETF (EWC)

Biorem Inc Business Overview & Revenue Model

Company Description
BioRem Inc., a clean technology engineering company, designs, manufactures, distributes, and sells air pollution control systems that are used to eliminate odors, volatile organic compounds (VOCs), and hazardous air pollutants (HAPs). It offers bi...
How the Company Makes Money
Biorem Inc generates revenue primarily through the sale of its proprietary bioremediation technologies and systems, which include biofilters and bioreactors. The company also earns money through consulting services that help clients design and imp...

Biorem Inc Financial Statement Overview

Summary
Overall fundamentals are solid: low and improving leverage (TTM debt-to-equity ~0.25) and strong ROE (~19%). However, TTM revenue declined (-9.5%), margins compressed versus 2024, and free cash flow dropped sharply year-over-year (~-49.6%) with a history of volatility, limiting the score.
Income Statement
72
Positive
Balance Sheet
80
Positive
Cash Flow
58
Neutral
BreakdownTTMMar 2025Mar 2024Mar 2023Dec 2021Mar 2021
Income Statement
Total Revenue34.73M37.42M25.17M28.86M24.48M24.38M
Gross Profit8.42M10.06M7.02M8.76M6.24M7.02M
EBITDA3.56M4.82M3.45M2.99M2.68M3.07M
Net Income2.11M3.04M2.18M1.61M1.30M2.09M
Balance Sheet
Total Assets27.78M28.51M24.08M20.73M19.17M21.95M
Cash, Cash Equivalents and Short-Term Investments8.35M5.21M2.29M3.78M4.47M8.87M
Total Debt3.08M3.56M4.19M4.75M5.67M828.17K
Total Liabilities15.58M17.89M17.36M16.21M17.20M8.43M
Stockholders Equity12.20M10.63M6.72M4.52M1.96M13.52M
Cash Flow
Free Cash Flow2.23M3.31M-62.84K1.24M3.71M2.99M
Operating Cash Flow2.57M3.69M490.03K1.44M3.78M3.34M
Investing Cash Flow-344.80K-372.00K-552.87K-203.29K-75.98K-342.40K
Financing Cash Flow-610.04K-572.04K-1.33M-951.80K-7.56M-199.74K

Biorem Inc Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price2.65
Price Trends
50DMA
2.54
Negative
100DMA
2.50
Positive
200DMA
2.30
Positive
Market Momentum
MACD
-0.03
Positive
RSI
46.80
Neutral
STOCH
35.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BRM, the sentiment is Neutral. The current price of 2.65 is above the 20-day moving average (MA) of 2.56, above the 50-day MA of 2.54, and above the 200-day MA of 2.30, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 46.80 is Neutral, neither overbought nor oversold. The STOCH value of 35.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:BRM.

Biorem Inc Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
C$40.94M6.7818.99%-13.85%-60.15%
59
Neutral
C$23.90M9.2213.24%-3.45%-104.92%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
54
Neutral
C$35.90M-34.71-4.33%-30.45%
49
Neutral
C$6.10M-14.3124.47%-27.49%-32.97%
44
Neutral
C$8.89M-3.39-7.46%87.15%47.74%
42
Neutral
C$14.77M-4.72399.66%14.18%-29.19%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:BRM
Biorem Inc
2.54
0.11
4.53%
TSE:DST
Dundee Sustainable Technologies
0.10
-0.07
-40.63%
TSE:SHRC
Sharc International Systems Inc
0.09
-0.01
-10.00%
TSE:QST
Questor Technology
0.32
0.05
17.22%
TSE:TMG
Thermal Energy International
0.14
0.02
12.00%
TSE:GRN
Greenlane Renewables Inc
0.23
0.12
114.29%

Biorem Inc Corporate Events

Business Operations and StrategyFinancial Disclosures
BIOREM Inc. Achieves Record Order Backlog Amid Strategic Growth
Positive
Nov 17, 2025
BIOREM Inc. reported a record order backlog of $71 million as of September 30, 2025, driven by strong new order bookings of $17 million during the third quarter. Despite a 24% decline in quarterly revenue compared to the same period in 2024, the c...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Feb 03, 2026