iANTHUS CAPITAL HOLDINGS, INC. (ITHUF) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
SUITE 1980, 1075 WEST GEORGIA ST. VANCOUVER, BC V6E 3C9 |
| State of Incorp. | BC |
| Fiscal Year End | December 31 |
| Industry (SIC) | 01 - Agricultural Production Crops (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 13,104 | 14,336 | 13,244 | |||
| Cash and cash equivalent | 13,104 | 14,336 | 13,244 | |||
| Restricted cash and investments | 71 | 70 | 3,334 | |||
| Receivables | 4,609 | 3,999 | 3,595 | |||
| Inventory, net of allowances, customer advances and progress billings | 25,382 | 29,800 | 30,447 | |||
| Inventory | 25,382 | 29,800 | 30,447 | |||
| Prepaid expense | 2,100 | 2,215 | 3,178 | |||
| Intangible current assets | ||||||
| Other current assets | 243 | 202 | 1,603 | |||
| Other undisclosed current assets | ||||||
| Total current assets: | 45,509 | 50,622 | 55,401 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 27,377 | 28,399 | 30,429 | |||
| Property, plant and equipment | 94,003 | 103,320 | 112,634 | |||
| Long-term investments and receivables | 735 | 232 | 568 | |||
| Long-term investments | 735 | 232 | 568 | |||
| Intangible assets, net (including goodwill) | 105,372 | 117,047 | ||||
| Goodwill | ||||||
| Intangible assets, net (excluding goodwill) | 105,372 | 117,047 | ||||
| Other noncurrent assets | 4,411 | 3,847 | 8,650 | |||
| Other undisclosed noncurrent assets | 139,062 | |||||
| Total noncurrent assets: | 231,898 | 252,845 | 291,343 | |||
| TOTAL ASSETS: | 277,407 | 303,467 | 346,744 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 117,660 | 84,726 | 113,082 | |||
| Accounts payable | 14,399 | 10,690 | 13,636 | |||
| Accrued liabilities | 103,261 | 74,036 | 99,446 | |||
| Debt | 55 | 51 | 165,381 | |||
| Derivative instruments and hedges, liabilities | 16 | |||||
| Other undisclosed current liabilities | 7,716 | 7,789 | 7,342 | |||
| Total current liabilities: | 125,431 | 92,566 | 285,821 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 165,221 | 147,261 | 55,813 | |||
| Long-term debt, excluding current maturities | 165,221 | 147,261 | 27,999 | |||
| Liabilities, other than long-term debt | 48,421 | 52,651 | 27,507 | |||
| Deferred income tax liabilities | 20,412 | 23,815 | 27,507 | |||
| Operating lease, liability | 28,009 | 28,836 | 27,814 | |||
| Other undisclosed noncurrent liabilities | ||||||
| Total noncurrent liabilities: | 213,642 | 199,912 | 83,320 | |||
| Total liabilities: | 339,073 | 292,478 | 369,141 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | (61,666) | 10,989 | (22,397) | |||
| Additional paid in capital | 1,265,978 | 1,262,012 | 776,462 | |||
| Accumulated deficit | (1,327,644) | (1,251,023) | (800,390) | |||
| Other undisclosed equity, attributable to parent | 1,531 | |||||
| Total equity: | (61,666) | 10,989 | (22,397) | |||
| TOTAL LIABILITIES AND EQUITY: | 277,407 | 303,467 | 346,744 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Revenues | 159,237 | 163,213 | 203,018 | ||
| Cost of revenue | (96,068) | (88,781) | (91,735) | ||
| Gross profit: | 63,169 | 74,432 | 111,283 | ||
| Operating expenses | (103,879) | (186,887) | (133,308) | ||
| Operating loss: | (40,710) | (112,455) | (22,025) | ||
| Nonoperating income (expense) | (74) | 13,384 | 2,375 | ||
| Investment income, nonoperating | (74) | (336) | 802 | ||
| Other nonoperating income | 13,720 | 1,573 | |||
| Interest and debt expense | (1,288) | (316,577) | (1,700) | ||
| Loss from continuing operations before equity method investments, income taxes: | (42,072) | (415,648) | (21,350) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (17,849) | (23,052) | (32,649) | ||
| Loss from continuing operations before income taxes: | (59,921) | (438,700) | (53,999) | ||
| Income tax expense (benefit) | (16,700) | (10,691) | (22,249) | ||
| Loss from continuing operations: | (76,621) | (449,391) | (76,248) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (76,248) | |
| Other undisclosed net income | 153,221 | ||||
| Net income (loss): | 76,600 | (449,391) | (76,248) | ||
| Other undisclosed net loss attributable to parent | (153,221) | ||||
| Net loss available to common stockholders, diluted: | (76,621) | (449,391) | (76,248) | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net income (loss): | 76,600 | (449,391) | (76,248) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 76,600 | (449,391) | (76,248) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.