---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-022268"
form_type: "8-K"
ticker: "ITHUF"
cik: "0001643154"
company_name: "iANTHUS CAPITAL HOLDINGS, INC."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:14:51.040411+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# iAnthus Q1 revenue $36.8M, down 14.1% YoY; net loss $18.6M

## Summary
- Revenue $36.8M, down 14.1% YoY and 2.2% sequentially; gross profit $15.5M, down 31% YoY.
- Net loss $18.6M (loss $0.00/share) vs $10.1M loss in Q1 2022; Adjusted EBITDA $0.9M vs $3.4M YoY.
- Gross margin 42.2%, down 1036 bps YoY; sequential improvement in adjusted EBITDA from ($1.0M) in Q4 2022.

## SEC filing metadata
- accession: 0000950170-23-022268
- form_type: 8-K
- ticker: ITHUF
- cik: 0001643154
- company_name: iANTHUS CAPITAL HOLDINGS, INC.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1643154/000095017023022268/0000950170-23-022268-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1643154/000095017023022268/ck0001643154-20230515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-022268
- JSON: https://secwatch.observer/filing/0000950170-23-022268.json
- Plain text: https://secwatch.observer/filing/0000950170-23-022268.txt

## Key facts
- Earnings Releases
  iANTHUS CAPITAL HOLDINGS, INC. reported first quarter ended March 31, 2023 results: revenue $36.8 million, net income Net loss of $18.6 million, EPS net loss of $0.00 per share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $36.8 million
  - Net income: Net loss of $18.6 million
  - EPS: net loss of $0.00 per share
  - Result: reported results
  source text: Revenue of $36.8 million, a sequential decrease of 2.2% from Q4 2022 and a decrease of 14.1% from the same quarter in the prior year. • Gross profit of $15.5 million, a sequential decrease of 3.6% from Q4 2022 and a decrease of 31.0% from the same quarter in the prior year. • Gross margin of 42.2%, relatively flat when compared to Q4 2022 and a decrease of 1036bps from the same quarter in the prior year. • Net loss of $18.6 million, or a net loss of $0.00 per share, compared to a net loss of $43.7 million or a net loss of $0.01 per share in Q4 2022, and compared to a net loss of $10.1 million, or a net loss of $0.06 per share, in the same quarter in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643154/000095017023022268/0000950170-23-022268-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.