ITHUF
iAnthus Capital Holdings, Inc.0.0070
-0.0010-12.5%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
47.72MP/E (TTM)
0.70Basic EPS (TTM)
0.01Dividend Yield
0%Recent Filings
8-K
10-Q
10-Q
Q2 FY2025 results
iAnthus Capital Holdings posted Q2 revenues of $35.2M, down 18% y/y but up 10% q/q (derived), as divestitures in Arizona and Nevada trimmed the Western footprint while Eastern markets like New Jersey and new Cheetah brand entries in Illinois and Pennsylvania added $0.9M. Gross profit held at $16.2M with margins dipping to 45.9% from 48.1% y/y, pressured by Florida's pricing squeeze yet buoyed by higher-margin in-house products elsewhere. Operating loss widened to $5.4M from $0.2M y/y, but net loss narrowed to $18.7M versus $9.8M, with the gap to operating loss tied to $4.1M interest expense and $4.1M taxes under IRC Section 280E. Cash climbed to $23.5M, up from $18.5M year-end, fueled by $6.3M operating cash flow and $15.8M Arizona sale proceeds, while total debt eased to $187.1M; free cash flow not disclosed in the 10-Q. The Cheetah acquisition closed December 2024 for $3.5M (cash/stock/earn-out), recognizing $6.5M goodwill. Divestitures sharpened focus on high-potential Eastern states. Federal illegality under the Controlled Substances Act remains a core overhang.
8-K
Q2 revenue falls to $35.2M
iAnthus Capital Holdings reported Q2 2025 revenue of $35.2 million, down from $38.1 million in Q1 and $43.0 million a year ago, with gross profit slipping to $16.2 million and margins contracting to 46%. A swing to a $18.7 million net loss, versus Q1's $5.1 million profit, stemmed from non-recurring charges and higher taxes, yet Adjusted EBITDA held at $1.9 million. Revenue dipped sharply.
8-K
Annual meeting approvals secured
iAnthus Capital Holdings held its 2025 annual general meeting on June 26, securing strong shareholder approval for all proposals. The five director nominees—Scott Cohen, Michelle Mathews-Spradlin, Kenneth W. Gilbert, Alexander Shoghi, and Richard Proud—each garnered over 3.9 billion 'for' votes out of 4 billion shares present, while PKF O'Connor Davies was reappointed as auditors with near-unanimous support. Votes sailed through. This endorsement stabilizes governance amid the company's U.S. cannabis operations.
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