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How iANTHUS Capital Holdings (ITHUF) makes money

iANTHUS Capital Holdings (ITHUF) made $35.3M of revenue in the second quarter 2026 (Q2 2026), +0.5% from a year earlier. Ianthus Branded Products brought in $15.6M (44%); Third Party Branded Products brought in $11.6M (33%); Wholesale Bulk Other Products brought in $8.2M (23%).

Drawing the Sankey…

iANTHUS Capital Holdings revenue by segment, Q2 2026iANTHUS Capital Holdings revenue by segment, Q2 2026Ianthus Branded Products$15.6MThird Party Branded Products$11.6MWholesale Bulk Other Products$8.2M
iANTHUS Capital Holdings: revenue by line, Q4 2024 to Q2 2026iANTHUS Capital Holdings: revenue by line, Q4 2024 to Q2 2026Ianthus Branded Produ…Third Party Branded P…Wholesale Bulk Other …Ianthus Branded Products: $15.6M latest$15.6MThird Party Branded Products: $11.6M latest$11.6MWholesale Bulk Other Products: $8.2M latest$8.2MQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Wholesale Bulk Other Products went from 12% of revenue in Q4 2024 to 23% in Q2 2026, the largest shift in the mix.
iANTHUS Capital Holdings revenue by quarteriANTHUS Capital Holdings revenue by quarter$42.7MQ4 2024$38.1MQ1 2025$35.2MQ2 2025$35.4MQ3 2025$35.3MQ4 2025$33.5MQ1 2026$35.3MQ2 2026
iANTHUS Capital Holdings: where each dollar of revenue goesiANTHUS Capital Holdings: where each dollar of revenue goesIncome tax20¢Operating cash flow2¢

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Ianthus Branded Products$15.6M44.0%+17%-5%
Third Party Branded Products$11.6M32.8%-5%-5%
Wholesale Bulk Other Products$8.2M23.2%+3%+26%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$35.3M100.0%
Income tax$7.0M19.9%
Operating cash flow$761K2.2%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$35.3M+0.5%
Q1 2026$33.5M-12%
Q4 2025$35.3M-17%
Q3 2025$35.4M-12%
Q2 2025$35.2M-18%
Q1 2025$38.1M-8%
Q4 2024$42.7M+4%

From iANTHUS Capital Holdings' 10-Q filed Aug 12, 2026 (on EDGAR).

Questions

How does iANTHUS Capital Holdings make money?

iANTHUS Capital Holdings (ITHUF) made $35.3M of revenue in the second quarter 2026 (Q2 2026), +0.5% from a year earlier. Ianthus Branded Products brought in $15.6M (44%); Third Party Branded Products brought in $11.6M (33%); Wholesale Bulk Other Products brought in $8.2M (23%).

What is iANTHUS Capital Holdings' biggest business?

Ianthus Branded Products: $15.6M in the second quarter 2026, 44% of revenue, -5% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.