ITHUFOTCAgricultural Production-CropsFiscal year ends December 31
iANTHUS CAPITAL HOLDINGS, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 12, 2026
$0.00−0.00 (-2.38%)
Close on Oct 19, 2026
- Market cap
- $28.56M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2025
Gross margin
45.6%−8.3 pts over 5 years
Operating margin
-10.7%+154.1 pts over 5 years
Net margin
-27.9%+178.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -14.1% | -4.1% | -1.0% | – | |
| Gross profit | -12.5% | -4.1% | -4.3% | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -156.8% | 47.7% | |
| Return on assets | – | – | -15.3% | |
| Current ratio | – | 0.20 | 0.71 | |
| Debt to equity | – | 3.62 | -1.88 | |
| Net debt to EBITDA | – | -0.72× | 47.08× | |
| Interest coverage | – | -73.5× | -0.9× | |
| Inventory turnover | – | – | 3.5× | |
| Capex to revenue | – | 8.9% | 16.5% | |
| Diluted shares | – | 172M | 6.70B |
Where the cash went
Fiscal 2021 to 2025, five years combined
iANTHUS CAPITAL generated $55.11M from operations and spent $59.25M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$55.11M
Used
$59.25M
Capital expenditure$59.25M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-27.9%
×Asset turnover0.55×
×Equity multiplier-3.13×
=Return on equity, FY202547.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -27.9% | 0.55× | -3.13× | 47.7% |
| FY2024 | -4.6% | 0.61× | -4.31× | 12.0% |
| FY2023 | -48.1% | 0.55× | -11.46× | 302.4% |
| FY2022 | -275.3% | 0.50× | -51.26× | 7105.0% |
| FY2021 | -38.2% | 0.58× | 29.47× | -654.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$40.20M
- Cash generatingOperating cash flow above zero$3.15M
- Return on assets improvedROA up on the prior year-2.8% → -14.8%
- Earnings backed by cashOperating cash flow above net income$3.15M vs -$40.20M
- Less leverageLong-term debt to assets fell67.2% → 75.8%
- Better liquidityCurrent ratio rose0.99 → 0.71
- No dilutionShare count did not rise6.54B → 6.70B
- Gross margin improvedGross margin up on the prior year44.83% → 45.63%
- More efficientAsset turnover rose0.60 → 0.53