iANTHUS CAPITAL HOLDINGS, INC. (ITHUF) Financial Statements (2026 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)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11,65018,54313,10414,33613,244
Cash and cash equivalent11,65018,54313,10414,33613,244
Restricted cash and investments22055671703,334
Receivables6,4305,5374,6093,9993,595
Inventory, net of allowances, customer advances and progress billings22,25222,46625,38229,80030,447
Inventory22,25222,46625,38229,80030,447
Prepaid expense3,5382,3212,1002,2153,178
Intangible current assets  18,400   
Other current assets4,6431,6432432021,603
Other undisclosed current assets  5,172   
Total current assets:48,73374,63845,50950,62255,401
Noncurrent Assets
Operating lease, right-of-use asset29,43624,01227,37728,39930,429
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization104,73287,48894,003103,320112,634
Long-term investments and receivables842863735232568
Long-term investments842863735232568
Intangible asset, including goodwill, after accumulated amortization69,03479,010105,372117,047 
Goodwill1,5586,148   
Intangible asset, excluding goodwill, after accumulated amortization 67,47672,862105,372117,047 
Other noncurrent assets3,2095,0324,4113,8478,650
Other undisclosed noncurrent assets    139,062
Total noncurrent assets:207,253196,405231,898252,845291,343
TOTAL ASSETS:255,986271,043277,407303,467346,744
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities61,31666,347117,66084,726113,082
Accounts payable16,26712,83114,39910,69013,636
Accrued liabilities45,04953,516103,26174,03699,446
Debt  655551165,381
Derivative instruments and hedges, liabilities     16
Other undisclosed current liabilities7,1958,8817,7167,7897,342
Total current liabilities:68,51175,293125,43192,566285,821
Noncurrent Liabilities
Long-term debt and lease obligation193,986182,262165,221147,26155,813
Long-term debt, excluding current maturities193,986182,262165,221147,26127,999
Liabilities, other than long-term debt29,68621,59948,42152,65127,507
Deferred income tax liabilities   20,41223,81527,507
Other liabilities2,908    
Operating lease, liability26,77821,59928,00928,83627,814
Other undisclosed noncurrent liabilities66,84357,431   
Total noncurrent liabilities:290,515261,292213,642199,91283,320
Total liabilities:359,026336,585339,073292,478369,141
Equity
Equity, attributable to parent, including:(103,040)(65,542)(61,666)10,989(22,397)
Additional paid in capital1,272,4431,269,7381,265,9781,262,012776,462
Accumulated deficit(1,375,483)(1,335,280)(1,327,644)(1,251,023)(800,390)
Other undisclosed equity, attributable to parent     1,531
Total equity:(103,040)(65,542)(61,666)10,989(22,397)
TOTAL LIABILITIES AND EQUITY:255,986271,043277,407303,467346,744

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
Revenues143,986167,567159,237163,213203,018
Cost of revenue(78,289)(92,453)(96,068)(88,781)(91,735)
Gross profit:65,69775,11463,16974,432111,283
Operating expenses(81,114)(83,627)(103,879)(186,887)(133,308)
Operating loss:(15,417)(8,513)(40,710)(112,455)(22,025)
Nonoperating income (expense)(8)(46)(74)13,3842,375
Investment income, nonoperating(8)(46)(74)(336)802
Other nonoperating income    13,7201,573
Interest and debt expense(16,602)(17,287)(1,288)(316,577)(1,700)
Loss from continuing operations before equity method investments, income taxes:(32,027)(25,846)(42,072)(415,648)(21,350)
Other undisclosed income (loss) from continuing operations before income taxes8,862532(17,849)(23,052)(32,649)
Loss from continuing operations before income taxes:(23,165)(25,314)(59,921)(438,700)(53,999)
Income tax expense (benefit)(17,038)17,678(16,700)(10,691)(22,249)
Loss from continuing operations:(40,203)(7,636)(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):(40,203)(7,636)76,600(449,391)(76,248)
Other undisclosed net loss attributable to parent   (153,221)  
Net loss available to common stockholders, diluted:(40,203)(7,636)(76,621)(449,391)(76,248)

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
Net income (loss):(40,203)(7,636)76,600(449,391)(76,248)
Comprehensive income (loss), net of tax, attributable to parent:(40,203)(7,636)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.

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