secwatch.observer — SEC 8-K summary
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Issuer:     iANTHUS CAPITAL HOLDINGS, INC. (ITHUF)
CIK:        0001643154
Form:       8-K
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0001193125-25-277507
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1643154/000119312525277507/0001193125-25-277507-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1643154/000119312525277507/ithuf-20251112.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-277507

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer