iAnthus FY2025 revenue down 14.1% to $144M; net loss widens to $40.2M

iANTHUS CAPITAL HOLDINGS, INC.

FY2025 revenue $144.0M vs $167.6M prior year; net loss $40.2M vs $7.6M loss.
Adjusted EBITDA $13.0M, down $10.9M from FY2024; Q4 adjusted EBITDA $5.4M.
Gross margin improved to 45.6% (FY2025) from 44.8% (FY2024), up 80 bps.
Q4 2025 revenue $35.3M, net loss $14.1M; Q4 gross margin 42.7% down 206 bps YoY.
No guidance or forward outlook provided in the press release.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

iANTHUS CAPITAL HOLDINGS, INC. reported the fiscal year ended December 31, 2025 results: revenue $144.0 million, net income $40.2 million, EPS less than $0.01 per share.

Period: the fiscal year ended December 31, 2025
Revenue: $144.0 million
Net income: $40.2 million
EPS: less than $0.01 per share
Result: reported results

Exact text from the filing

reported in accordance with U.S. generally accepted accounting principles (“GAAP”). All currency is expressed in U.S. dollars. Fiscal Year 2025 Financial Highlights • Revenue of $144.0 million, a decrease of 14.1% from the prior year. • Gross profit of $65.7 million, a decrease of 12.5% from the prior year. • Gross margin of 45.6%, reflecting an increase of 80 bps from

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iANTHUS CAPITAL HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001193125-26-128955

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