Filing Flows › iANTHUS Capital Holdings (ITHUF) › Q1 2026 › vs Q4 2025
iANTHUS Capital Holdings (ITHUF) Q1 2026 vs Q4 2025 (quarter over quarter)
iANTHUS Capital Holdings's revenue fell $1.8M (-5%) from $35.3M in Q4 2025 to $33.5M in Q1 2026. The biggest changes: Third Party Branded Products −$1.7M (-12%); Ianthus Branded Products −$487K (-4%); Wholesale Bulk Other Products +$387K (+5%).
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 Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Ianthus Branded Products | $13.3M | $13.8M | −$487K | -4% |
| Third Party Branded Products | $12.3M | $13.9M | −$1.7M | -12% |
| Wholesale Bulk Other Products | $8.0M | $7.6M | $387K | +5% |
| Revenue | $33.5M | $35.3M | −$1.8M | -5% |
| Net loss | $14.3M | $14.1M | $219K | +2% |
| Costs & expenses | $47.8M | $49.4M | −$1.6M | -3% |
| Operating costs | $35.8M | $39.1M | −$3.3M | -8% |
| Interest & other, net | $5.0M | $4.9M | $151K | +3% |
| Income tax | $7.0M | $5.4M | $1.6M | +29% |
| Cost of revenue | $17.6M | $20.2M | −$2.6M | -13% |
| SG&A | $14.3M | $13.2M | $1.1M | +8% |
| Other operating costs | $3.9M | $5.7M | −$1.8M | -31% |
| Operating cash sources | $15.3M | $16.1M | −$732K | -5% |
| Depreciation & amortization | $4.7M | $5.3M | −$670K | -13% |
| Share-based compensation | $504K | $327K | $177K | +54% |
| Working capital & other | $10.1M | $10.4M | −$239K | -2% |
| Net loss absorbed | $14.3M | $14.1M | $219K | +2% |
| Operating cash flow | $1.0M | $2.0M | −$951K | -48% |
| Capital expenditures | $2.0M | $7.0M | −$5.0M | -71% |
| Negative free cash flow (OCF − capex) | $1.0M | $5.1M | −$4.0M | -80% |
Questions
How much did iANTHUS Capital Holdings's revenue grow quarter over quarter in Q1 2026?
iANTHUS Capital Holdings's revenue fell $1.8M (-5%) from $35.3M in Q4 2025 to $33.5M in Q1 2026.
What drove iANTHUS Capital Holdings's revenue change in Q1 2026?
Third Party Branded Products −$1.7M (-12%); Ianthus Branded Products −$487K (-4%); Wholesale Bulk Other Products +$387K (+5%).