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iAnthus Capital Holdings ( (TSE:IAN) ) has issued an update.
iAnthus Capital Holdings, a multi-state cannabis operator with vertically integrated cultivation, processing and retail assets, reported declines in revenue and profitability for fiscal 2025 amid a challenging U.S. cannabis market. The company’s gross margin ticked higher year over year, suggesting some operational efficiencies, but overall earnings remained under pressure.
iAnthus posted 2025 revenue of $144 million, down 14.1% from the prior year, with gross profit falling 12.5% to $65.7 million and net loss widening sharply to $40.2 million. Fourth-quarter revenue slipped to $35.3 million and gross margin contracted, while adjusted EBITDA improved sequentially to $5.4 million, indicating some late-year cost discipline but still well below the prior year’s level, underscoring ongoing profitability and growth challenges for investors and creditors.
The most recent analyst rating on (TSE:IAN) stock is a Hold with a C$0.01 price target. To see the full list of analyst forecasts on iAnthus Capital Holdings stock, see the TSE:IAN Stock Forecast page.
Spark’s Take on IAN Stock
According to Spark, TipRanks’ AI Analyst, IAN is a Neutral.
The overall stock score of 44 reflects significant financial challenges, including high leverage and negative equity, which are the most impactful factors. Technical analysis provides a neutral outlook, while valuation is moderate. The absence of a dividend yield and recent corporate events highlighting profitability issues further weigh on the score.
To see Spark’s full report on IAN stock, click here.
More about iAnthus Capital Holdings
iAnthus Capital Holdings operates in the regulated U.S. cannabis industry, owning, operating and partnering with licensed cultivation, processing and retail businesses across multiple states. The company focuses on vertically integrated cannabis operations, selling branded products through its dispensary network to medical and adult-use consumers, with financial reporting under U.S. GAAP in U.S. dollars.
Average Trading Volume: 17,287
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$34.09M
For detailed information about IAN stock, go to TipRanks’ Stock Analysis page.

