Filing Flows › iANTHUS Capital Holdings (ITHUF) › Q4 2024
iANTHUS Capital Holdings (ITHUF) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 24, 2025
iANTHUS Capital Holdings (ITHUF) reported revenue of $42.7M for the fourth quarter 2024 (Q4 2024), +4% from a year earlier and +6% from the quarter before. Operating margin was -4.8%, net earnings $27.8M (65.1% of revenue).
iANTHUS Capital Holdings, Q4 2024: revenue $42.7M (+4% year over year), operating margin -4.8%, net earnings $27.8M, operating cash flow $1.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $42.7M | +6% | +4% |
| Operating profit | −$2.1M | — | — |
| Net earnings | $27.8M | — | — |
| Operating cash flow | $1.9M | -61% | — |
What changed
Revenue was $42.7M in Q4 2024, up 4% year over year and up 6% from the previous quarter. Ianthus Branded Products was the largest line at 52% of revenue.
Gross margin was 44.8%, up 5.9 points from a year earlier. Operating costs exceeded revenue by $2.1M, an operating margin of -4.8%. Operating expenses grew 46% against revenue growth of 4%. The fastest-growing cost line was SG&A (+78%). Net earnings were $27.8M.
Operating cash flow was $1.9M, 7% of net earnings. Non-cash charges added back $6.0M of depreciation and amortization and $423K of share-based compensation. Working capital and other items used $32.4M. Capital expenditures of $2.8M exceeded it, leaving free cash flow of −$897K.
Questions
What was iANTHUS Capital Holdings' revenue in the fourth quarter 2024?
iANTHUS Capital Holdings (ITHUF) reported revenue of $42.7M for the fourth quarter 2024 (Q4 2024), +4% from a year earlier and +6% from the quarter before.
Was iANTHUS Capital Holdings profitable in the fourth quarter 2024?
Operating loss was $2.1M (-4.8% of revenue) and net earnings $27.8M.