Filing Flows › iANTHUS Capital Holdings (ITHUF) › Q1 2026
iANTHUS Capital Holdings (ITHUF) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 12, 2026
iANTHUS Capital Holdings (ITHUF) reported revenue of $33.5M for the first quarter 2026 (Q1 2026), -12% from a year earlier and -5% from the quarter before. Operating margin was -6.8%, net loss $14.3M (42.7% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $33.5M | -5% | -12% |
| Operating profit | −$2.3M | — | — |
| Net earnings | −$14.3M | — | -378% |
| Operating cash flow | $1.0M | -48% | -68% |
What changed
Revenue was $33.5M in Q1 2026, down 12% year over year and down 5% from the previous quarter. Ianthus Branded Products was the largest line at 40% of revenue. Ianthus Branded Products lost $4.2M year over year (down 24%), 92% of the total change.
Gross margin was 47.5%, down 2.0 points from Q1 2025. Operating costs exceeded revenue by $2.3M, an operating margin of -6.8%. Operating expenses fell 13% while revenue fell 12%. The quarter ended with a net loss of $14.3M, wider than the previous quarter's $14.1M loss.
Operating cash flow was $1.0M (down 68% year over year). Non-cash charges added back $4.7M of depreciation and amortization and $504K of share-based compensation. Working capital and other items added $10.1M. Capital expenditures of $2.0M exceeded it, leaving free cash flow of −$1.0M.
Questions
What was iANTHUS Capital Holdings' revenue in the first quarter 2026?
iANTHUS Capital Holdings (ITHUF) reported revenue of $33.5M for the first quarter 2026 (Q1 2026), -12% from a year earlier and -5% from the quarter before.
Was iANTHUS Capital Holdings profitable in the first quarter 2026?
Operating loss was $2.3M (-6.8% of revenue) and net loss $14.3M.