iAnthus Capital Holdings reported third-quarter 2026 revenue of $38,367 thousand, up from $35,349 thousand in the second quarter. While Adjusted EBITDA more than doubled year-on-year to $5,232 thousand, the company recorded a net loss of $13,197 thousand. Simultaneously, the firm announced that auditor PKF O'Connor Davies resigned effective November 12, 2026, with Macias Gini & O'Connell appointed as its successor.
Neutral
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Q3 2026 revenue rose to $38,367 thousand from $35,349 thousand in Q2 and Adjusted EBITDA more than doubled year-on-year to $5,232 thousand from $2,465 thousand, which supports the shares. Offsetting this, the net loss of $13,197 thousand was wider than the $12,545 thousand a year earlier, the report carries a going-concern explanatory paragraph, material weaknesses were disclosed in prior 10-Ks, and auditor PKF O'Connor Davies resigned effective November 12, 2026. The positives and negatives largely offset.
Catalysts
- • Q3 2026 revenue of $38,367 thousand, up from $35,349 thousand in Q2 2026
- • Adjusted EBITDA of $5,232 thousand versus $2,465 thousand in Q3 2025
Risk Factors
- • Net loss of $13,197 thousand wider than $12,545 thousand in Q3 2025
- • Going-concern explanatory paragraph in auditor reports for fiscal 2023-2025