---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-069170"
form_type: "8-K"
ticker: "ITHUF"
cik: "0001643154"
company_name: "iANTHUS CAPITAL HOLDINGS, INC."
filed_at: "2025-05-12T23:59:59+00:00"
generated_at: "2026-05-21T23:46:55.172955+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-25-069170
- form_type: 8-K
- ticker: ITHUF
- cik: 0001643154
- company_name: iANTHUS CAPITAL HOLDINGS, INC.
- filed_at: 2025-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1643154/000095017025069170/0000950170-25-069170-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1643154/000095017025069170/ithuf-20250512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-069170
- JSON: https://secwatch.observer/filing/0000950170-25-069170.json
- Plain text: https://secwatch.observer/filing/0000950170-25-069170.txt

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