---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-084041"
form_type: "8-K"
ticker: "ITHUF"
cik: "0001643154"
company_name: "iANTHUS CAPITAL HOLDINGS, INC."
filed_at: "2023-03-30T23:59:59+00:00"
generated_at: "2026-06-17T09:16:21.446874+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# iAnthus FY2022 revenue down 19.6% to $163.2M; net loss widens to $449.4M

## Summary
- Revenue $163.2M vs $203.0M in 2021; gross margin fell to 45.6% from 53.9%.
- Net loss $449.4M ($0.13/share) vs $77.5M ($0.45/share) in 2021, driven by $316.6M debt extinguishment loss from recapitalization.
- Adjusted EBITDA dropped to $4.0M from $36.2M in 2021; Q4 2022 adjusted EBITDA loss of $1.0M vs $6.4M gain in Q4 2021.
- Q4 2022 revenue $37.6M, down 21.3% YoY; Q4 net loss $43.7M vs $26.9M in Q4 2021.
- Recapitalization transaction closed June 24, 2022; share-based compensation of $28.6M from RSUs and options granted.

## SEC filing metadata
- accession: 0001193125-23-084041
- form_type: 8-K
- ticker: ITHUF
- cik: 0001643154
- company_name: iANTHUS CAPITAL HOLDINGS, INC.
- filed_at: 2023-03-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1643154/000119312523084041/0001193125-23-084041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1643154/000119312523084041/d490393d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-084041
- JSON: https://secwatch.observer/filing/0001193125-23-084041.json
- Plain text: https://secwatch.observer/filing/0001193125-23-084041.txt

## Key facts
- Earnings Releases
  iANTHUS CAPITAL HOLDINGS, INC. reported the fourth quarter and year-ended December 31, 2022 results: revenue $163.2 million, net income Net loss of $449.4 million, EPS a loss of $0.13 per share.
  - Period: the fourth quarter and year-ended December 31, 2022
  - Revenue: $163.2 million
  - Net income: Net loss of $449.4 million
  - EPS: a loss of $0.13 per share
  - Result: reported results
  source text: are reported in accordance with U.S. generally accepted accounting principles (“GAAP”). All currency is expressed in U.S. dollars. 2022 Financial Highlights • Revenue of $163.2 million, down 19.6% from the prior year. • Gross profit of $74.4 million, down 32.0% from the prior year. • Gross margin of 45.6%, reflecting a decrease of 8.3% from the prior year. •
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643154/000119312523084041/0001193125-23-084041-index.htm

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