iAnthus Capital Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	143.59	167.17	158.44	162.61	201.92
Revenue	143.59	167.17	158.44	162.61	201.92
Revenue Growth (YoY)	-14.11%	5.51%	-2.57%	-19.47%	33.13%
Cost of Revenue	77.89	92.05	95.27	88.18	92.39
Gross Profit	65.7	75.11	63.17	74.43	109.53
Selling, General & Admin	60.71	61.83	66.75	114.39	96.97
Other Operating Expenses	-	-	-	-	-0.09
Operating Expenses	78.23	85.69	92.2	143.55	125.81
Operating Income	-12.53	-10.57	-29.03	-69.12	-16.28
Interest Expense	-21.49	-21.8	-19.7	-22.25	-32.67
Interest & Investment Income	0.77	2.04	0.95	1.85	0.52
Other Non Operating Income (Expenses)	0.89	0.63	0.83	0.13	0.18
EBT Excluding Unusual Items	-32.37	-29.7	-46.95	-89.39	-48.25
Merger & Restructuring Charges	-	-0.1	-	-0.3	-
Gain (Loss) on Sale of Assets	12.09	2.12	-0.51	-	-
Asset Writedown	-0.9	2.74	0.41	-29.99	-7.5
Other Unusual Items	-1.99	-0.37	-2.4	-319.02	-
Pretax Income	-23.17	-25.31	-49.46	-438.7	-55.75
Income Tax Expense	17.04	-17.68	27.16	10.69	21.74
Net Income	-40.2	-7.64	-76.62	-449.39	-77.49
Net Income to Common	-40.2	-7.64	-76.62	-449.39	-77.49
Shares Outstanding (Basic)	6,702	6,540	6,437	3,372	172
Shares Outstanding (Diluted)	6,702	6,540	6,437	3,372	172
Shares Change (YoY)	2.48%	1.59%	90.94%	1863.42%	0.04%
EPS (Basic)	-0.01	-0.00	-0.01	-0.13	-0.45
EPS (Diluted)	-0.01	-0.00	-0.01	-0.13	-0.45
Free Cash Flow	-20.63	7.03	0.21	-26.44	-3.29
Free Cash Flow Per Share	-0.00	0.00	-	-0.01	-0.02
Gross Margin	45.75%	44.93%	39.87%	45.77%	54.24%
Operating Margin	-8.73%	-6.33%	-18.32%	-42.50%	-8.06%
Profit Margin	-28.00%	-4.57%	-48.36%	-276.36%	-38.38%
Free Cash Flow Margin	-14.37%	4.20%	0.13%	-16.26%	-1.63%
EBITDA	4.68	12.11	-3.89	-40.02	12.65
EBITDA Margin	3.26%	7.24%	-2.45%	-24.61%	6.26%
D&A For EBITDA	17.22	22.68	25.14	29.1	28.93
EBIT	-12.53	-10.57	-29.03	-69.12	-16.28
EBIT Margin	-8.73%	-6.33%	-18.32%	-42.50%	-8.06%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.