Intermarum (WAR:IMR) Gross Margin %: 103.63% (As of Dec. 2025) — Near Median


What is Intermarum Gross Margin %?

Intermarum WAR:IMR Gross Margin % is 103.63% as of Dec. 2025, which is 6% above its 10-year median of 97.98. The stock has 4 warning signs investors should review.

Gross Margin % is calculated as gross profit divided by its revenue. Intermarum's Gross Profit for the three months ended in Dec. 2025 was zł0.60 Mil. Intermarum's Revenue for the three months ended in Dec. 2025 was zł0.58 Mil. Therefore, Intermarum's Gross Margin % for the quarter that ended in Dec. 2025 was 103.63%.


The historical rank and industry rank for Intermarum's Gross Margin % or its related term are showing as below:

WAR:IMR' s Gross Margin % Range Over the Past 10 Years
Min: 84.1   Med: 97.98   Max: 176.13
Current: 131.15


During the past 13 years, the highest Gross Margin % of Intermarum was 176.13%. The lowest was 84.10%. And the median was 97.98%.

WAR:IMR's Gross Margin % is not ranked
in the Interactive Media industry.
Industry Median: 62.58 vs WAR:IMR: 131.15

Intermarum had a gross margin of 103.63% for the quarter that ended in Dec. 2025 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Intermarum was 1.10% per year.


Intermarum  (WAR:IMR) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Intermarum had a gross margin of 103.63% for the quarter that ended in Dec. 2025 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Intermarum Gross Margin % Related Terms


Intermarum Gross Margin % Historical Data

* Premium members only.

The historical data trend for Intermarum's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Intermarum Gross Margin % Chart

Intermarum Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 176.13 85.27 106.43 111.27 131.15

Intermarum Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 95.10 125.50 149.05 162.17 103.63

WAR:IMR vs NTES, RBLX, TTWO: Gross Margin % Comparison

For the Electronic Gaming & Multimedia subindustry, Intermarum's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Intermarum Gross Margin % vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Intermarum's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Intermarum's Gross Margin % falls into.



Intermarum Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Intermarum's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=2.5 / 1.942
=(Revenue - Cost of Goods Sold) / Revenue
=(1.942 - -0.605) / 1.942
=131.15 %

Intermarum's Gross Margin for the quarter that ended in Dec. 2025 is calculated as


Gross Margin % (Q: Dec. 2025 )=Gross Profit (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=0.6 / 0.579
=(Revenue - Cost of Goods Sold) / Revenue
=(0.579 - -0.021) / 0.579
=103.63 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 103.63% mean?
Intermarum (WAR:IMR) has a Gross Margin % of 103.63% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Intermarum and its competitors. This is near median its historical median of 97.98. Over the past decade, Intermarum's Gross Margin % has ranged from 84.10 to 176.13.
Is Intermarum's Gross Margin % too high?
Intermarum's current Gross Margin % of 103.63% is near median its 10-year median of 97.98. Over the past 10 years, this metric has ranged from a low of 84.10 to a high of 176.13. The Interactive Media industry median Gross Margin % is 62.58. Intermarum's value of 103.63% is 65.6% above this industry median.
How does Intermarum's Gross Margin % compare to NTES and RBLX?
Intermarum's Gross Margin % of 103.63% can be compared against companies in the Interactive Media industry. The industry median Gross Margin % is 62.58. Intermarum's value of 103.63% is 65.6% above this benchmark. Historically, Intermarum's own Gross Margin % has ranged from 84.10 to 176.13 over the past decade. While the company's 10-year median is 97.98 vs. the industry median of 62.58, Intermarum has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Interactive Media company?
The median Gross Margin % among Interactive Media companies is 62.58, based on 497 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Intermarum's current Gross Margin % of 103.63% is 65.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Intermarum and its competitors. For the Interactive Media industry, the median Gross Margin % is 62.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Intermarum's current Gross Margin % is 103.63%, which is near median its own 10-year median of 97.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intermarum stock overvalued right now?
Intermarum (WAR:IMR) has a current Gross Margin % of 103.63%. The stock's GF Value™ is zł0.11, compared to a current price of zł0.04 — trading 67.7% below its estimated fair value. The current Gross Margin % is 103.63%, which is near median its 10-year median of 97.98 and 65.6% above the Interactive Media industry median of 62.58. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Intermarum (WAR:IMR), the current Gross Margin % is 103.63% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Intermarum Business Description

Address ul. Stanislawa Bronicza 3, Opole, POL, 45-840
Intermarum SA is an independent game development studio. The company is composed of a small but dedicated team of experienced game developers.