---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-219444"
form_type: "8-K"
ticker: "ITHUF"
cik: "0001643154"
company_name: "iANTHUS CAPITAL HOLDINGS, INC."
filed_at: "2026-05-12T20:12:23+00:00"
generated_at: "2026-05-12T20:15:26.902352+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# iAnthus Q1 revenue $33.5M, net loss $14.3M; Adjusted EBITDA $3.4M

## Summary
- Revenue of $33.5M, down $4.6M YoY and $1.8M sequentially from Q4 2025.
- Gross profit $15.9M (47.5% margin), up 477 bps sequentially but down 201 bps YoY.
- Net loss $14.3M vs net income $5.2M in Q1 2025; loss per share less than $0.00.
- Adjusted EBITDA $3.4M vs $3.2M in Q1 2025; sequentially down from $5.4M in Q4 2025.
- Interest expense $4.0M; depreciation & amortization $4.7M; income tax expense $7.0M.

## SEC filing metadata
- accession: 0001193125-26-219444
- form_type: 8-K
- ticker: ITHUF
- cik: 0001643154
- company_name: iANTHUS CAPITAL HOLDINGS, INC.
- filed_at: 2026-05-12T20:12:23+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1643154/000119312526219444/0001193125-26-219444-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1643154/000119312526219444/ithuf-20260512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-219444
- JSON: https://secwatch.observer/filing/0001193125-26-219444.json
- Plain text: https://secwatch.observer/filing/0001193125-26-219444.txt

## Key facts
- Earnings Releases
  iANTHUS CAPITAL HOLDINGS, INC. reported first quarter ended March 31, 2026 results: net income Net loss of $14.3 million, EPS net loss of less than $0.00 per share.
  - Period: first quarter ended March 31, 2026
  - Net income: Net loss of $14.3 million
  - EPS: net loss of less than $0.00 per share
  - Result: reported results
  source text: in accordance with U.S. generally accepted accounting principles (“GAAP”). All currency is expressed in U.S. dollars. First Quarter 2026 Financial Highlights • Revenue of $33.5 million, a sequential decrease of $1.8 million from Q4 2025, and a decrease of $4.6 million from the same quarter in the prior year. • Gross profit of $15.9 million, a sequential
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643154/000119312526219444/0001193125-26-219444-index.htm
- Earnings Releases
  iANTHUS CAPITAL HOLDINGS, INC. reported first quarter ended March 31, 2026 results: net income Net loss of $14.3 million, EPS net loss of less than $0.00 per share.
  - Period: first quarter ended March 31, 2026
  - Net income: Net loss of $14.3 million
  - EPS: net loss of less than $0.00 per share
  - Result: reported results
  source text: • Revenue of $33.5 million, a sequential decrease of $1.8 million from Q4 2025, and a decrease of $4.6 million from the same quarter in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643154/000119312526219444/0001193125-26-219444-index.htm
- Earnings Releases
  iANTHUS CAPITAL HOLDINGS, INC. reported first quarter ended March 31, 2026 results: net income Net loss of $14.3 million, EPS net loss of less than $0.00 per share.
  - Period: first quarter ended March 31, 2026
  - Net income: Net loss of $14.3 million
  - EPS: net loss of less than $0.00 per share
  - Result: reported results
  source text: • Net loss of $14.3 million, or a net loss of less than $0.00 per share, compared to a net loss of $14.1 million, or a net loss of less than $0.00 per share in Q4 2025, and compared to a net income of $5.2 million, or a net income of less than $0.00 per share, in the same quarter in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643154/000119312526219444/0001193125-26-219444-index.htm
- Earnings Releases
  iANTHUS CAPITAL HOLDINGS, INC. reported Q1 2026 results: revenue $33,510 (thousands), net income $(14,309) (thousands), EPS $(0.00) per share.
  - Period: Q1 2026
  - Revenue: $33,510 (thousands)
  - Net income: $(14,309) (thousands)
  - EPS: $(0.00) per share
  - Result: reported results
  source text: Table 1: Financial Results in thousands of US$, except per share amounts (unaudited) Q1 2026 Q4 2025 Q1 2025 Revenue $ 33,510 $ 35,290 $ 38,121 Gross profit 15,921 15,085 18,878 Gross margin 47.5% 42.7% 49.5% Net income (loss) (14,309) (14,090) 5,150 Net income (loss) per share (0.00) (0.00) 0.00
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643154/000119312526219444/0001193125-26-219444-index.htm

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