What is IANTHUS CAPITAL HLDG's earnings per share (EPS)?

IANTHUS CAPITAL HLDG (ITHUF) reported diluted earnings per share of -$0.01 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

IANTHUS CAPITAL HLDG (ITHUF) Financials

ITHUF

Trailing 12 months to June 30, 2026

Revenue $139.5M -10.7% YoY

Net Income -$55.4M -2243.6% YoY

EPS (Diluted) -$0.01 -200.0% YoY

Free Cash Flow -$22.4M -3319.1% YoY

Market Cap $29.6M as of Oct 6, 2026

Price / Sales 0.2x on $139.5M revenue, trailing 12 months to June 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026

Price / Book n/m negative shareholder equity, so no book multiple, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 12, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ITHUF SEC filings page.

IANTHUS CAPITAL HLDG (ITHUF) reported $139.5M in revenue over the twelve months to Jun 30, 2026, down 10.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ITHUF FY2025 2026-10-03

Operations briefly converted into cash in FY2024, but FY2025’s sales decline and heavy reinvestment renewed financing pressure.

In FY2025, operations produced $3.1M of cash while capital spending reached $23.8M, so reported operating cash did not fund reinvestment. That gap reversed FY2024’s positive free cash flow of $7.0M into -$20.6M, revealing that cash conversion depends heavily on the year’s investment burden.

FY2025 revenue contracted 14.1%, yet gross margin improved from 44.8% to 45.6%; the smaller sales base retained similar gross economics. Operating margin still worsened to -10.7%, indicating that gross profit remained insufficient to absorb operating costs.

Liabilities reached $359.0M while equity fell to -$103.0M in FY2025, leaving the balance sheet financed primarily by obligations rather than book capital. The current ratio declined from 1.0x in FY2024 to 0.7x, showing weaker current-asset coverage of near-term liabilities.

Financial Health Signals

Financial health score not available

IANTHUS CAPITAL HLDG does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Distress

-7.20

IANTHUS CAPITAL HLDG scores -7.20, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($29.6M) relative to total liabilities ($359.0M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Weak

3/9

IANTHUS CAPITAL HLDG passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Mixed

N/A

IANTHUS CAPITAL HLDG reported a net loss of $40.2M while generating $3.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

IANTHUS CAPITAL HLDG reported an operating loss of $15.4M against $16.6M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$35.3M

YoY+0.5%

QoQ+5.5%

5Y CAGR-8.2%

IANTHUS CAPITAL HLDG generated $35.3M in revenue in Q2 2026. This represents an increase of 0.5% from the same quarter a year earlier. Against the prior quarter it is up 5.5%.

EBITDA

$2.4M

YoY+415.3%

QoQ+1.9%

5Y CAGR-22.5%

IANTHUS CAPITAL HLDG's EBITDA was $2.4M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 415.3% from the same quarter a year earlier. Against the prior quarter it is up 1.9%.

Net Income

-$14.4M

YoY+22.9%

QoQ-0.8%

IANTHUS CAPITAL HLDG reported -$14.4M in net income in Q2 2026. This represents an increase of 22.9% from the same quarter a year earlier. Against the prior quarter it is down 0.8%.

EPS (Diluted)

$0.00

IANTHUS CAPITAL HLDG earned $0.00 per diluted share (EPS) in Q2 2026.

Cash & Balance Sheet

Free Cash Flow

-$2.9M

YoY-529.4%

QoQ-176.5%

IANTHUS CAPITAL HLDG recorded an outflow of $2.9M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 529.4% from the same quarter a year earlier. Against the prior quarter it is down 176.5%.

Cash & Debt

$8.3M

YoY-65.4%

QoQ-26.2%

5Y CAGR-19.1%

IANTHUS CAPITAL HLDG held $8.3M in cash against $0 in long-term debt as of Q2 2026, with $279.2M of liabilities due within a year.

Shares Outstanding

6.97B

YoY+3.5%

QoQ0.0%

5Y CAGR+109.8%

IANTHUS CAPITAL HLDG had 6.97B shares outstanding in Q2 2026. This represents an increase of 3.5% from the same quarter a year earlier. It is unchanged from the prior quarter.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

45.5%

YoY-0.4pp

QoQ-2.0pp

5Y change-12.2pp

IANTHUS CAPITAL HLDG's gross margin was 45.5% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.0 percentage points.

Operating Margin

-6.5%

YoY+8.8pp

QoQ+0.4pp

5Y change-8.2pp

IANTHUS CAPITAL HLDG's operating margin was -6.5% in Q2 2026, reflecting core business profitability. This is up 8.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.

Net Margin

-40.8%

YoY+12.4pp

QoQ+1.9pp

5Y change-12.7pp

IANTHUS CAPITAL HLDG's net profit margin was -40.8% in Q2 2026, showing the share of revenue converted to profit. This is up 12.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.9 percentage points.

Return on Equity

Not reported for Q2 2026.

Capital Allocation

Capital Expenditures

$3.6M

YoY0.0%

QoQ+76.6%

5Y CAGR-6.6%

IANTHUS CAPITAL HLDG invested $3.6M in capex in Q2 2026, funding long-term assets and infrastructure. That is unchanged from the same quarter a year earlier. Against the prior quarter it is up 76.6%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

ITHUF Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ITHUF quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K
Revenue	$139.5M	$144.0M-14.1%	$167.6M+5.2%	$159.2M-2.4%	$163.2M-19.6%	$203.0M+33.9%	$151.7M
Cost of Revenue	$76.9M	$78.3M-15.3%	$92.5M-3.8%	$96.1M+8.2%	$88.8M-5.0%	$93.5M+33.9%	$69.8M
Gross Profit	$62.7M	$65.7M-12.5%	$75.1M+18.9%	$63.2M-15.1%	$74.4M-32.0%	$109.5M+33.8%	$81.8M
SG&A Expenses	$56.1M	$60.9M-2.1%	$62.2M-8.4%	$67.9M-47.0%	$128.1M+32.1%	$97.0M-1.4%	$98.4M
Operating Income	-$12.6M	-$15.4M-81.1%	-$8.5M+71.4%	-$29.7M+73.6%	-$112.5M-372.9%	-$23.8M+90.5%	-$249.9M
EBITDA	N/A	$3.9M-76.1%	$16.2M+732.5%	-$2.6M+96.8%	-$81.1M-1216.6%	$7.3M+103.3%	-$222.0M
Interest Expense	$16.7M	$16.6M-3.3%	$17.2M+9.1%	$15.7M-15.6%	$18.7M+997.5%	$1.7M-50.0%	$3.4M
Income Tax	$22.9M	$17.0M+196.4%	-$17.7M-165.1%	$27.2M+154.1%	$10.7M-50.8%	$21.7M+16.7%	$18.6M
Net Income	-$55.4M	-$40.2M-426.5%	-$7.6M+90.0%	-$76.6M+83.0%	-$449.4M-479.9%	-$77.5M+75.3%	-$313.4M
EPS (Basic)	N/A	-$0.01	$0.00+100.0%	-$0.01+92.3%	-$0.13+71.1%	-$0.45	N/A
EPS (Diluted)	-$0.01	-$0.01	$0.00+100.0%	-$0.01	-$0.13	-$0.45	N/A
Diluted Shares (Avg)	N/A	6.70B+2.5%	6.54B+1.6%	6.44B	3M	171,718	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$35.3M+0.5%	$33.5M-12.1%	$35.3M-17.4%	$35.4M-12.2%	$35.2M-18.2%	$38.1M-8.3%	$42.7M+4.5%	$40.3M-6.1%
Cost of Revenue	$19.3M+1.1%	$17.6M-8.6%	$20.2M-14.3%	$19.8M-10.8%	$19.0M-14.7%	$19.2M-21.0%	$23.6M-5.5%	$22.2M-24.8%
Gross Profit	$16.1M-0.3%	$15.9M-15.7%	$15.1M-21.2%	$15.6M-13.8%	$16.2M-21.9%	$18.9M+9.7%	$19.1M+20.2%	$18.1M+35.5%
SG&A Expenses	$13.6M-14.2%	$14.3M-14.9%	$13.2M-16.0%	$15.0M-3.9%	$15.8M+6.1%	$16.8M+5.9%	$15.7M-3.2%	$15.6M-1.1%
Operating Income	-$2.3M+57.6%	-$2.3M-14.0%	-$3.8M-83.3%	-$4.2M-238.0%	-$5.4M-2286.7%	-$2.0M+59.5%	-$2.1M+65.8%	-$1.3M+85.3%
EBITDA	$2.4M+415.3%	$2.4M-11.7%	$1.6M-68.8%	$392K-91.0%	-$770K-114.1%	$2.7M+91.7%	$5.0M+192.3%	$4.4M+281.9%
Interest Expense	$4.3M+4.7%	$4.1M-1.6%	$4.2M-5.7%	$4.1M-4.8%	$4.1M-4.0%	$4.2M+1.4%	$4.4M-63.1%	$4.4M
Income Tax	$7.0M+70.2%	$7.0M+74.5%	$5.4M+115.7%	$3.5M-38.5%	$4.1M-40.3%	$4.0M-8.0%	-$34.6M-579.5%	$5.6M-12.0%
Net Income	-$14.4M+22.9%	-$14.3M-377.8%	-$14.1M-150.7%	-$12.5M-7.8%	-$18.7M-91.2%	$5.2M+136.8%	$27.8M+248.7%	-$11.6M+39.3%
EPS (Basic)	$0.00	$0.00	-$0.01-200.0%	$0.00	$0.00	$0.00	$0.01	$0.00
EPS (Diluted)	$0.00	$0.00	-$0.01	$0.00	$0.00	$0.00	$0.01	$0.00
Diluted Shares (Avg)	6.96B+3.2%	6.96B+3.4%	N/A	6.75B+3.6%	6.75B+3.6%	6.74B+2.5%	N/A	6.52B+1.6%

Not reported in any period shown, so not listed: R&D Expenses.

ITHUF Balance Sheet

ITHUF quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K
Total Assets	$256.0M-5.6%	$271.0M-2.3%	$277.4M-8.6%	$303.5M-12.0%	$345.0M-2.3%	$353.1M
Current Assets	$48.7M-34.7%	$74.6M+64.0%	$45.5M-10.1%	$50.6M-5.6%	$53.6M+17.6%	$45.6M
Cash & Equivalents	$11.9M-37.9%	$19.1M+45.0%	$13.2M-8.5%	$14.4M-13.1%	$16.6M+44.0%	$11.5M
Short-Term Investments	$0	$0	$0	$0	$0	$0
Inventory	$22.3M-1.0%	$22.5M-11.5%	$25.4M-14.8%	$29.8M+3.9%	$28.7M+12.7%	$25.5M
Accounts Receivable	$6.4M+16.1%	$5.5M+20.1%	$4.6M+15.3%	$4.0M+11.2%	$3.6M+7.3%	$3.4M
Long-Term Investments	$842K-2.4%	$863K+17.4%	$735K+216.8%	$232K-59.2%	$568K+10.9%	$512K
Goodwill	$1.6M-74.7%	$6.1M	$0	$0	$0	$0
Total Liabilities	$359.0M+6.7%	$336.6M-0.7%	$339.1M+15.9%	$292.5M-20.7%	$368.6M+20.5%	$305.8M
Current Liabilities	$68.5M-9.0%	$75.3M-40.0%	$125.4M+35.5%	$92.6M-67.6%	$285.3M+23.0%	$231.9M
Non-Current Liabilities	$290.5M+11.2%	$261.3M+22.3%	$213.6M+6.9%	$199.9M+139.9%	$83.3M+12.7%	$73.9M
Long-Term Debt	$194.0M+6.4%	$182.3M+10.3%	$165.2M+12.2%	$147.3M+426.0%	$28.0M+98.1%	$14.1M
Total Equity	-$103.0M-57.2%	-$65.5M-6.3%	-$61.7M-661.2%	$11.0M+146.5%	-$23.6M-149.9%	$47.3M
Retained Earnings	-$1.4B-3.0%	-$1.3B-0.6%	-$1.3B-6.1%	-$1.3B-56.1%	-$801.6M-10.7%	-$724.1M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$258.4M-3.8%	$255.8M-6.1%	$256.0M-5.6%	$255.9M-5.6%	$268.7M-1.4%	$272.5M-0.5%	$271.0M-2.3%	$271.2M-5.2%
Current Assets	$46.4M-20.0%	$50.0M-20.7%	$48.7M-34.7%	$52.8M-3.4%	$58.0M+10.7%	$63.0M+28.2%	$74.6M+64.0%	$54.6M+7.9%
Cash & Equivalents	$8.3M-65.4%	$11.2M-55.3%	$11.9M-37.9%	$17.9M-14.0%	$23.9M+41.3%	$25.1M+82.6%	$19.1M+45.0%	$20.9M+42.3%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$26.1M+20.1%	$24.6M+27.1%	$22.3M-1.0%	$21.2M-10.3%	$21.8M-14.2%	$19.3M-22.0%	$22.5M-11.5%	$23.6M-14.4%
Accounts Receivable	$5.5M+15.6%	$6.8M-32.2%	$6.4M+16.1%	$5.3M+0.3%	$4.7M-27.8%	$10.0M+51.9%	$5.5M+20.1%	$5.3M+9.9%
Long-Term Investments	$942K+11.7%	$878K+4.3%	$842K-2.4%	$852K-1.5%	$843K-8.8%	$842K-3.9%	$863K+17.4%	$865K+4.7%
Goodwill	$1.6M-76.0%	$1.6M-75.3%	$1.6M-74.7%	$6.7M	$6.5M	$6.3M	$6.1M	N/A
Total Liabilities	$389.2M+12.3%	$372.7M+12.2%	$359.0M+6.7%	$345.5M-5.3%	$346.6M-2.3%	$332.2M-4.3%	$336.6M-0.7%	$364.8M+10.6%
Current Liabilities	$279.2M+252.6%	$71.9M-7.6%	$68.5M-9.0%	$70.6M-18.0%	$79.2M-33.7%	$77.8M-39.5%	$75.3M-40.0%	$86.1M-35.4%
Non-Current Liabilities	$110.0M-58.9%	$300.8M+18.3%	$290.5M+11.2%	$275.0M-1.4%	$267.4M+13.6%	$254.3M+16.4%	$261.3M+22.3%	$278.8M+41.9%
Long-Term Debt	$0-100.0%	$198.7M+16.1%	$194.0M+6.4%	$180.7M+1.8%	$175.9M+1.7%	$171.2M+1.7%	$182.3M+10.3%	$177.5M+22.1%
Total Equity	-$130.7M-67.8%	-$116.8M-96.0%	-$103.0M-57.2%	-$89.6M+4.3%	-$77.9M+5.5%	-$59.6M+18.7%	-$65.5M-6.3%	-$93.6M-114.6%
Retained Earnings	-$1.4B-4.1%	-$1.4B-4.5%	-$1.4B-3.0%	-$1.4B+0.1%	-$1.3B+0.2%	-$1.3B0.0%	-$1.3B-0.6%	-$1.4B-4.1%

ITHUF Cash Flow Statement

ITHUF quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K
Operating Cash Flow	-$1.4M	$3.1M-74.9%	$12.5M+232.1%	$3.8M+119.4%	-$19.5M-220.7%	$16.1M+264.3%	-$9.8M
Depreciation & Amortization	N/A	$19.3M-22.0%	$24.7M-9.0%	$27.2M-13.4%	$31.4M+1.1%	$31.0M+11.2%	$27.9M
Stock-Based Compensation	N/A	$1.8M-12.4%	$2.1M-53.5%	$4.5M-85.1%	$30.4M+366.6%	$6.5M-43.5%	$11.5M
Capital Expenditures	$21.0M	$23.8M+330.8%	$5.5M+54.5%	$3.6M-48.5%	$6.9M-64.3%	$19.4M+44.7%	$13.4M
Free Cash Flow	-$22.4M	-$20.6M-393.7%	$7.0M+3326.8%	$205K+100.8%	-$26.4M-703.0%	-$3.3M+85.8%	-$23.3M
Investing Cash Flow	-$10.6M	$2.3M+136.6%	-$6.3M-43.1%	-$4.4M+7.4%	-$4.7M+77.8%	-$21.3M-44.6%	-$14.7M
Financing Cash Flow	-$3.7M	-$12.7M-3638.1%	-$339K+45.1%	-$618K-102.8%	$22.1M+115.5%	$10.2M+714.5%	$1.3M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$761K-75.9%	$1.0M-67.5%	$2.0M+5.9%	-$5.1M-206.3%	$3.2M-27.9%	$3.1M+107.1%	$1.9M+279.2%	$4.8M+16.0%
Depreciation & Amortization	$4.7M+2.3%	$4.7M-0.7%	$5.3M-11.6%	$4.6M-17.4%	$4.6M-19.4%	$4.7M-26.1%	$6.0M-10.7%	$5.6M-8.4%
Stock-Based Compensation	N/A	$504K-3.3%	N/A	N/A	N/A	$521K+20.0%	N/A	N/A
Capital Expenditures	$3.6M0.0%	$2.0M-57.2%	$7.0M+154.9%	$8.4M+663.8%	$3.6M+356.1%	$4.8M+444.0%	$2.8M+154.0%	$1.1M+101.8%
Free Cash Flow	-$2.9M-529.4%	-$1.0M+37.7%	-$5.1M-463.3%	-$13.5M-464.0%	-$453K-112.6%	-$1.7M-363.1%	-$897K+57.7%	$3.7M+3.1%
Investing Cash Flow	-$3.4M-4.7%	-$1.6M-114.5%	-$7.6M-119.2%	$2.1M+364.7%	-$3.3M-184.8%	$11.1M+1342.4%	-$3.5M-2620.5%	-$776K-280.0%
Financing Cash Flow	-$251K+74.7%	-$62K+99.2%	-$457K-185.6%	-$3.0M-2746.2%	-$991K-6506.7%	-$8.3M-13673.3%	-$160K+50.6%	-$104K-173.7%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

ITHUF Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ITHUF quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K
Gross Margin	45.6%+0.8pp	44.8%+5.2pp	39.7%-5.9pp	45.6%-8.3pp	53.9%0.0pp	54.0%
Operating Margin	-10.7%-5.6pp	-5.1%+13.6pp	-18.7%+50.2pp	-68.9%-57.2pp	-11.7%	-164.8%
Net Margin	-27.9%-23.4pp	-4.6%+43.6pp	-48.1%	-275.3%	-38.2%	-206.6%
Return on Equity	N/A	N/A	N/A	-4089.5%	N/A	-662.1%
Return on Assets	-15.7%-12.9pp	-2.8%+24.8pp	-27.6%+120.5pp	-148.1%-125.6pp	-22.5%+66.3pp	-88.7%
Current Ratio	0.71-0.3x	0.99+0.6x	0.36-0.2x	0.55+0.4x	0.190.0x	0.20
Debt-to-Equity	N/A	N/A	N/A	13.40	N/A	0.30
Asset Turnover	0.56-0.1x	0.620.0x	0.570.0x	0.54-0.1x	0.59+0.2x	0.43
FCF Margin	-14.3%-18.5pp	4.2%+4.1pp	0.1%+16.3pp	-16.2%-14.6pp	-1.6%+13.7pp	-15.3%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	45.5%-0.4pp	47.5%-2.0pp	42.7%-2.1pp	44.0%-0.9pp	45.9%-2.2pp	49.5%+8.1pp	44.8%+5.9pp	44.9%+13.8pp
Operating Margin	-6.5%+8.8pp	-6.8%-1.6pp	-10.7%-5.9pp	-12.0%-8.9pp	-15.3%-14.7pp	-5.3%+6.7pp	-4.8%+10.0pp	-3.1%+16.8pp
Net Margin	-40.8%+12.4pp	-42.7%-56.2pp	-39.9%-105.0pp	-35.4%-6.6pp	-53.2%-30.4pp	13.5%+47.2pp	65.1%+110.8pp	-28.9%+15.8pp
Return on Assets	-5.6%+1.4pp	-5.6%-7.5pp	-5.5%-15.8pp	-4.9%-0.6pp	-7.0%-3.4pp	1.9%+7.0pp	10.3%+17.0pp	-4.3%+2.4pp
Current Ratio	0.17-0.6x	0.70-0.1x	0.71-0.3x	0.75+0.1x	0.73+0.3x	0.81+0.4x	0.99+0.6x	0.63+0.3x
Asset Turnover	0.140.0x	0.130.0x	0.140.0x	0.140.0x	0.130.0x	0.140.0x	0.160.0x	0.150.0x
FCF Margin	-8.1%-6.8pp	-3.1%+1.3pp	-14.3%-12.2pp	-38.1%-47.3pp	-1.3%-9.6pp	-4.3%-5.9pp	-2.1%+3.1pp	9.2%+0.8pp

Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.

Note: Shareholder equity is negative (-$103.0M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.71), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
IANTHUS CAPITAL HLDG ITHUF	FY2025	$144.0M	-$40.2M	-27.9%	$29.6M	—
THE CANNABIST CO HLDG CBSTF	FY2024	$458.7M	-$105.9M	-23.1%	$14.5M	—
MARIMED INC MRMD	FY2025	$159.8M	-$14.5M	-9.1%	$26.6M	—

Where IANTHUS CAPITAL HLDG Ranks

Frequently Asked Questions

What is IANTHUS CAPITAL HLDG's annual revenue?

IANTHUS CAPITAL HLDG (ITHUF) reported $144.0M in total revenue for fiscal year 2025. This represents a -14.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is IANTHUS CAPITAL HLDG's revenue growing?

IANTHUS CAPITAL HLDG (ITHUF) revenue declined by 14.1% year-over-year, from $167.6M to $144.0M in fiscal year 2025.

Is IANTHUS CAPITAL HLDG profitable?

No, IANTHUS CAPITAL HLDG (ITHUF) reported a net income of -$40.2M in fiscal year 2025, with a net profit margin of -27.9%.

What is IANTHUS CAPITAL HLDG's EBITDA?

IANTHUS CAPITAL HLDG (ITHUF) had EBITDA of $3.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does IANTHUS CAPITAL HLDG have?

As of fiscal year 2025, IANTHUS CAPITAL HLDG (ITHUF) had $11.9M in cash and equivalents against $194.0M in long-term debt.

What is IANTHUS CAPITAL HLDG's gross margin?

IANTHUS CAPITAL HLDG (ITHUF) had a gross margin of 45.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is IANTHUS CAPITAL HLDG's operating margin?

IANTHUS CAPITAL HLDG (ITHUF) had an operating margin of -10.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is IANTHUS CAPITAL HLDG's net profit margin?

IANTHUS CAPITAL HLDG (ITHUF) had a net profit margin of -27.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is IANTHUS CAPITAL HLDG's free cash flow?

IANTHUS CAPITAL HLDG (ITHUF) recorded an outflow of $20.6M in free cash flow during fiscal year 2025. This represents a -393.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is IANTHUS CAPITAL HLDG's operating cash flow?

IANTHUS CAPITAL HLDG (ITHUF) generated $3.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are IANTHUS CAPITAL HLDG's total assets?

IANTHUS CAPITAL HLDG (ITHUF) had $256.0M in total assets as of fiscal year 2025, including both current and long-term assets.

What are IANTHUS CAPITAL HLDG's capital expenditures?

IANTHUS CAPITAL HLDG (ITHUF) invested $23.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does IANTHUS CAPITAL HLDG have outstanding?

IANTHUS CAPITAL HLDG (ITHUF) had 6.97B shares outstanding as of fiscal year 2025.

What is IANTHUS CAPITAL HLDG's current ratio?

IANTHUS CAPITAL HLDG (ITHUF) had a current ratio of 0.71 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is IANTHUS CAPITAL HLDG's return on assets (ROA)?

IANTHUS CAPITAL HLDG (ITHUF) had a return on assets of -15.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is IANTHUS CAPITAL HLDG's P/E ratio?

IANTHUS CAPITAL HLDG (ITHUF) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $29.6M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is IANTHUS CAPITAL HLDG's price-to-sales ratio?

IANTHUS CAPITAL HLDG (ITHUF) trades at 0.2x sales, its market capitalization divided by revenue of $139.5M revenue, trailing 12 months to June 30, 2026. The market capitalization is $29.6M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Why is IANTHUS CAPITAL HLDG's debt-to-equity ratio negative or not reported?

IANTHUS CAPITAL HLDG (ITHUF) has negative shareholder equity of -$103.0M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is IANTHUS CAPITAL HLDG's Altman Z-Score?

IANTHUS CAPITAL HLDG (ITHUF) has an Altman Z-Score of -7.20, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is IANTHUS CAPITAL HLDG's Piotroski F-Score?

IANTHUS CAPITAL HLDG (ITHUF) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are IANTHUS CAPITAL HLDG's earnings high quality?

IANTHUS CAPITAL HLDG (ITHUF) reported a net loss of $40.2M while generating $3.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can IANTHUS CAPITAL HLDG cover its interest payments?

IANTHUS CAPITAL HLDG (ITHUF) reported an operating loss of $15.4M against $16.6M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.