Filing Flows › iANTHUS Capital Holdings (ITHUF) › Q1 2026 › vs Q1 2025
iANTHUS Capital Holdings (ITHUF) Q1 2026 vs Q1 2025 (year over year)
iANTHUS Capital Holdings's revenue fell $4.6M (-12%) from $38.1M in Q1 2025 to $33.5M in Q1 2026. The biggest changes: Ianthus Branded Products −$4.2M (-24%); Third Party Branded Products −$3.5M (-22%); Wholesale Bulk Other Products +$3.2M (+66%).
iANTHUS Capital Holdings, Q1 2026: revenue $33.5M (-12% year over year), operating margin -6.8%, net loss $14.3M, operating cash flow $1.0M. The chart draws each line against Q1 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Ianthus Branded Products | $13.3M | $17.5M | −$4.2M | -24% |
| Third Party Branded Products | $12.3M | $15.8M | −$3.5M | -22% |
| Wholesale Bulk Other Products | $8.0M | $4.8M | $3.2M | +66% |
| Revenue | $33.5M | $38.1M | −$4.6M | -12% |
| Net loss | $14.3M | −$5.2M | $19.5M | — |
| Costs & expenses | $47.8M | $49.3M | −$1.5M | -3% |
| Operating costs | $35.8M | $40.1M | −$4.3M | -11% |
| Interest & other, net | $5.0M | −$11.2M | $16.2M | — |
| Income tax | $7.0M | $4.0M | $3.0M | +74% |
| Cost of revenue | $17.6M | $19.2M | −$1.7M | -9% |
| SG&A | $14.3M | $16.8M | −$2.5M | -15% |
| Other operating costs | $3.9M | $4.1M | −$178K | -4% |
| Operating cash sources | $15.3M | −$2.0M | $17.4M | — |
| Depreciation & amortization | $4.7M | $4.7M | −$35K | -0.7% |
| Share-based compensation | $504K | $521K | −$17K | -3% |
| Working capital & other | $10.1M | −$7.3M | $17.4M | — |
| Net loss absorbed | $14.3M | −$5.2M | $19.5M | — |
| Operating cash flow | $1.0M | $3.1M | −$2.1M | -68% |
| Capital expenditures | $2.0M | $4.8M | −$2.7M | -57% |
| Negative free cash flow (OCF − capex) | $1.0M | $1.7M | −$624K | -38% |
Questions
How much did iANTHUS Capital Holdings's revenue grow year over year in Q1 2026?
iANTHUS Capital Holdings's revenue fell $4.6M (-12%) from $38.1M in Q1 2025 to $33.5M in Q1 2026.
What drove iANTHUS Capital Holdings's revenue change in Q1 2026?
Ianthus Branded Products −$4.2M (-24%); Third Party Branded Products −$3.5M (-22%); Wholesale Bulk Other Products +$3.2M (+66%).