---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-128955"
form_type: "8-K"
ticker: "ITHUF"
cik: "0001643154"
company_name: "iANTHUS CAPITAL HOLDINGS, INC."
filed_at: "2026-03-27T23:59:59+00:00"
generated_at: "2026-05-15T08:38:42.329884+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-128955
- form_type: 8-K
- ticker: ITHUF
- cik: 0001643154
- company_name: iANTHUS CAPITAL HOLDINGS, INC.
- filed_at: 2026-03-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1643154/000119312526128955/0001193125-26-128955-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1643154/000119312526128955/ithuf-20260327.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-128955
- JSON: https://secwatch.observer/filing/0001193125-26-128955.json
- Plain text: https://secwatch.observer/filing/0001193125-26-128955.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643154/000119312526128955/0001193125-26-128955-index.htm

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