iAnthus Capital Holdings Reports Q1 2025 Financial Results

0.6 min readPublished On: May 16th, 2025By HCN News Team

LOS ANGELES- iAnthus Capital Holdings, Inc. a multi-state operator in the U.S. regulated cannabis industry, released its financial results for the first quarter ended March 31, 2025.

Financial Highlights

Revenue: $38.1 million, a decrease from $42.7 million in Q4 2024 and $41.6 million in Q1 2024.
Gross Profit: $18.9 million, with a gross margin of 50%, up from 44.8% in Q4 2024 and 41.4% in Q1 2024.
Net Income: $5.1 million, compared to a net loss of $14.0 million in Q1 2024 and net income of $27.8 million in Q4 2024.
Adjusted EBITDA: $3.2 million, consistent with Q1 2024 but down from $6.4 million in Q4 2024.

Operational Developments

The company reported a $12.1 million gain from the sale and deconsolidation of assets in Nevada and Arizona. Additionally, it secured $3.0 million from Employee Retention Tax Credits. Effective January 2025, iAnthus implemented a change in inventory valuation from weighted average to standard costing.

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