iAnthus Capital Holdings (IAN) AI Stock Analysis

• Market Cap: $101.08M
• Dividend Yield: N/A
• Average Volume (3M): 66.55K
• Price to Earnings (P/E): 16.7
• Beta (1Y): -2.60
• Revenue Growth: -4.39%
• EPS Growth: N/A
• Country: CA
• Employees: 716
• Sector: Healthcare
• Sector Strength: 45
• Industry: Drug Manufacturers - Specialty & Generic
• EPS (TTM): >-0.01
• Shares Outstanding: 6,738,433,600
• 10 Day Avg. Volume: 25,923
• 30 Day Avg. Volume: 66,545
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 3.05
• Enterprise Value/Revenue: 1.97
• Enterprise Value/Gross Profit: 4.26
• Enterprise Value/Ebitda: 10.62
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 43 Neutral
• Price Target: C$0.00 ▼(-100.00% Downside)

The overall stock score is primarily impacted by the company's financial challenges, including high leverage and weak cash flow generation. Technical analysis indicates a lack of momentum, and valuation metrics suggest the stock is fairly valued but not particularly attractive without a dividend yield. The absence of earnings call data and corporate events means these factors do not influence the score.

iAnthus Capital Holdings Business Overview & Revenue Model

Company Description

iAnthus Capital Holdings, Inc. is a leading cannabis company based in the United States, focusing on the cultivation, processing, and sale of cannabis and cannabis-related products. The company operates in several regulated markets, primarily through its subsidiaries, and is involved in both retail and wholesale distribution of cannabis products. iAnthus aims to provide high-quality cannabis experiences to its customers while adhering to strict regulatory standards across its operating states.

How the Company Makes Money

iAnthus Capital Holdings generates revenue through multiple streams, primarily focusing on the sale of cannabis products in retail dispensaries and wholesale distribution to other retailers. The company operates its own dispensaries, where it sells various cannabis products, including dried flower, edibles, and concentrates, directly to consumers. Additionally, iAnthus earns revenue from its cultivation and processing facilities, which produce cannabis products for both its retail outlets and for wholesale distribution. Significant partnerships with local businesses and other cannabis brands enhance its distribution capabilities and market presence. The company's focus on expanding its footprint in the cannabis industry and optimizing its operations contributes to its overall revenue growth.

iAnthus Capital Holdings Financial Statement Overview

Summary

iAnthus Capital Holdings is facing significant financial challenges. While there are signs of improvement in profitability, the company struggles with declining revenue, high leverage, and weak cash flow generation. The negative equity position and high debt levels pose substantial risks, requiring strategic financial management to stabilize and improve the company's financial health.

Income Statement

The income statement shows a mixed performance. The company has managed to improve its net profit margin to 6.98% in TTM from negative margins in previous years, indicating a turnaround in profitability. However, revenue has declined by 4.76% in the TTM period, and EBIT remains negative, reflecting ongoing operational challenges. The gross profit margin is relatively stable at 46.79%, suggesting some pricing power or cost control.

Balance Sheet

The balance sheet is concerning, with a negative stockholders' equity and a high debt-to-equity ratio of -3.56 in TTM, indicating financial instability and high leverage. The negative return on equity further highlights the company's inability to generate returns for shareholders. The equity ratio is negative, reflecting a precarious financial position.

Cash Flow

Cash flow analysis reveals significant volatility. The free cash flow has drastically decreased by 89.18% in TTM, and the operating cash flow to net income ratio is low at 0.18, indicating weak cash generation relative to net income. However, the company has managed to maintain positive operating cash flow, which is a positive sign amidst the challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	156.31M	167.57M	159.24M	163.21M	203.02M	151.67M
Gross Profit	72.25M	75.11M	63.17M	74.43M	111.28M	86.68M
EBITDA	29.02M	21.22M	-13.30M	-369.80M	7.89M	-241.27M
Net Income	2.58M	-7.64M	-76.62M	-449.39M	-76.25M	-310.03M
Balance Sheet
Total Assets	268.68M	271.04M	277.41M	303.47M	346.74M	357.97M
Cash, Cash Equivalents and Short-Term Investments	23.46M	18.54M	13.10M	14.34M	13.24M	11.02M
Total Debt	219.32M	210.46M	201.00M	183.94M	228.54M	206.29M
Total Liabilities	346.59M	336.58M	339.07M	292.48M	369.14M	307.13M
Stockholders Equity	-77.92M	-65.54M	-61.67M	10.99M	-22.40M	50.84M
Cash Flow
Free Cash Flow	480.00K	7.03M	-3.06M	-26.55M	-4.25M	-27.33M
Operating Cash Flow	12.93M	12.54M	3.02M	-19.50M	16.15M	-13.07M
Investing Cash Flow	3.58M	-6.28M	-3.63M	-4.74M	-21.32M	-11.49M
Financing Cash Flow	-9.52M	-339.00K	-618.00K	22.06M	10.24M	1.26M

iAnthus Capital Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DB	76 Outperform	74.97M	4.81	13.88%	―	-0.53%	―
EPIC	65 Neutral	28.26M	28.72	6.03%	―	34.71%	―
LABS	45 Neutral	29.45M	-3.35	-21.74%	―	17.74%	37.61%
IAN	43 Neutral	$101.08M	16.67	61.65%	―	-4.39%	―
AVCN	42 Neutral	29.45M	-18.66	-50.26%	―	2.00%	80.83%
AYR.A	40 Underperform	18.10M	-0.04	-94.67%	―	0.63%	-31.86%
Sector *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%

iAnthus Capital Holdings Corporate Events

iAnthus Capital Holdings Shows Improved Margins Amid Revenue Decline in Q1 2025

iAnthus Capital Holdings reported a revenue of $38.1 million for Q1 2025, marking a decline from both the previous quarter and the same period last year. Despite the revenue drop, the company saw an improvement in gross margin and a net income of $5.1 million, indicating a positive shift from a net loss in the previous year, which could signal a strengthening position in the cannabis market.