iAnthus Q3 revenue falls 12% YoY to $35.4M; adjusted EBITDA halved to $2.5M

iANTHUS CAPITAL HOLDINGS, INC.

2025-Q3 EPS reported $0.00 revenue$108,695,000

Revenue $35.4M, down $4.9M (-12%) from Q3 2024; gross profit $15.6M vs $18.1M; gross margin 44.0%.
Net loss $12.5M ($0.00 EPS) vs net loss $11.6M in Q3 2024; sequential improvement from Q2 2025 loss of $18.7M.
Adjusted EBITDA $2.5M, down 53% from $5.3M in Q3 2024; sequentially up from $1.9M in Q2 2025.
Depreciation/amortization $4.6M, interest expense $3.7M, income tax expense $3.5M in Q3 2025.
No guidance or forward-looking statements provided in the earnings release.

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