iAnthus Q1 2025 revenue $38.1M (-8% YoY); net income $5.1M, gross margin 49.5%

iANTHUS CAPITAL HOLDINGS, INC.

2025-Q1 EPS reported $0.00 revenue$38,121,000

Revenue of $38.1M, down $3.4M from Q1 2024 and down $4.6M from Q4 2024.
Net income of $5.1M vs net loss of $14.0M in Q1 2024; EPS less than $0.00.
Gross margin expanded to 49.5% from 41.4% YoY, driven by cost improvements.
Adjusted EBITDA of $3.2M, flat YoY but down from $6.4M in Q4 2024.

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