What is Charlottes Web's earnings per share (EPS)?

Charlottes Web (CWBHF) reported diluted earnings per share of $-0.19 for fiscal year 2025. This represents a 0.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Charlottes Web Financials

CWBHF

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE March

This page shows Charlottes Web (CWBHF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 26/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Charlottes Web has an operating margin of -40.6%, meaning the company retains $-41 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -64.4% the prior year.

Growth

Charlottes Web's revenue grew a modest 0.5% year-over-year to $49.9M. This slow but positive growth earns a score of 34/100.

Liquidity

With a current ratio of 3.51, Charlottes Web holds $3.51 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 68/100.

Cash Flow

While Charlottes Web generated -$14.1M in operating cash flow, capex of $549K consumed most of it, leaving -$14.7M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Neutral

4/9

Charlottes Web passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.47x

For every $1 of reported earnings, Charlottes Web generates $0.47 in operating cash flow (-$14.1M OCF vs -$29.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-4.0x

Charlottes Web earns $-4.0 in operating income for every $1 of interest expense (-$20.3M vs $5.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$49.9M

YoY+0.5%

5Y CAGR-12.1%

Charlottes Web generated $49.9M in revenue in fiscal year 2025. This represents an increase of 0.5% from the prior year.

EBITDA

-$13.9M

YoY+36.6%

Charlottes Web's EBITDA was -$13.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 36.6% from the prior year.

Net Income

-$29.7M

YoY+0.4%

Charlottes Web reported -$29.7M in net income in fiscal year 2025. This represents an increase of 0.4% from the prior year.

EPS (Diluted)

$-0.19

YoY+0.0%

Charlottes Web earned $-0.19 per diluted share (EPS) in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$14.7M

YoY+41.6%

Charlottes Web generated -$14.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 41.6% from the prior year.

Cash & Debt

$8.0M

YoY-64.5%

5Y CAGR-31.4%

Charlottes Web held $8.0M in cash against $50.8M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

160M

YoY+1.1%

5Y CAGR+8.3%

Charlottes Web had 160M shares outstanding in fiscal year 2025. This represents an increase of 1.1% from the prior year.

Margins & Returns

Gross Margin

43.5%

YoY+0.7pp

5Y CAGR-11.4pp

Charlottes Web's gross margin was 43.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.7 percentage points from the prior year.

Operating Margin

-40.6%

YoY+23.8pp

5Y CAGR+13.3pp

Charlottes Web's operating margin was -40.6% in fiscal year 2025, reflecting core business profitability. This is up 23.8 percentage points from the prior year.

Net Margin

-59.6%

YoY+0.5pp

5Y CAGR-27.4pp

Charlottes Web's net profit margin was -59.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.5 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

$1.8M

YoY-22.6%

5Y CAGR-21.2%

Charlottes Web invested $1.8M in research and development in fiscal year 2025. This represents a decrease of 22.6% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$549K

YoY-85.7%

5Y CAGR-54.5%

Charlottes Web invested $549K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 85.7% from the prior year.

CWBHF Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$49.9M+0.5%	$49.7M-21.4%	$63.2M-14.8%	$74.1M-22.8%	$96.1M+0.9%	$95.2M
Cost of Revenue	$28.2M-0.7%	$28.4M+3.0%	$27.6M-49.6%	$54.7M+15.2%	$47.5M+10.6%	$42.9M
Gross Profit	$21.7M+2.1%	$21.3M-40.2%	$35.6M+83.2%	$19.4M-60.0%	$48.6M-7.1%	$52.3M
R&D Expenses	$1.8M-22.6%	$2.3M-21.3%	$3.0M-13.7%	$3.4M-37.6%	$5.5M-7.5%	$6.0M
SG&A Expenses	$42.0M-21.2%	$53.2M-29.6%	$75.6M+8.0%	$70.1M-28.2%	$97.6M-5.8%	$103.6M
Operating Income	-$20.3M+36.6%	-$32.0M+21.2%	-$40.6M+22.6%	-$52.5M+64.3%	-$147.1M-186.4%	-$51.3M
Interest Expense	$5.1M	N/A	N/A	N/A	N/A	N/A
Income Tax	-$68K-274.4%	$39K-92.6%	$529K+481.3%	$91K-36.4%	$143K+101.8%	-$8.0M
Net Income	-$29.7M+0.4%	-$29.8M-25.4%	-$23.8M+59.9%	-$59.3M+56.9%	-$137.7M-348.9%	-$30.7M
EPS (Diluted)	$-0.190.0%	$-0.19-18.8%	$-0.16+60.0%	$-0.40+59.2%	$-0.98-292.0%	$-0.25

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$11.5M-10.2%	$12.8M+4.4%	$12.3M-3.2%	$12.7M+0.6%	$12.6M+2.4%	$12.3M+1.4%	$12.1M-23.5%	$15.8M
Cost of Revenue	$7.0M+3.1%	$6.8M+13.0%	$6.0M-20.3%	$7.6M+28.1%	$5.9M-39.1%	$9.7M+86.2%	$5.2M-26.0%	$7.0M
Gross Profit	$4.5M-25.3%	$6.0M-3.9%	$6.2M+22.3%	$5.1M-23.7%	$6.7M+158.4%	$2.6M-62.6%	$6.9M-21.5%	$8.8M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$9.7M-3.3%	$10.1M-13.1%	$11.6M+9.8%	$10.5M-16.9%	$12.7M-13.8%	$14.7M-3.6%	$15.3M-17.9%	$18.6M
Operating Income	-$5.3M-29.0%	-$4.1M+23.9%	-$5.3M+1.9%	-$5.5M+9.4%	-$6.0M+50.4%	-$12.1M-45.1%	-$8.4M+19.1%	-$10.3M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$36K-1700.0%	-$2K	$0+100.0%	-$23K	$0-100.0%	$46K+187.5%	$16K-97.0%	$529K
Net Income	-$5.8M+7.5%	-$6.3M-1.2%	-$6.2M-84.4%	-$3.4M+41.8%	-$5.8M+47.7%	-$11.1M-14.8%	-$9.6M-12.2%	-$8.6M
EPS (Diluted)	$-0.040.0%	$-0.040.0%	$-0.04	N/A	$-0.04+42.9%	$-0.07-16.7%	$-0.06	N/A

CWBHF Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$75.3M-33.6%	$113.4M-25.6%	$152.5M-18.7%	$187.6M+9.4%	$171.5M-44.8%	$310.8M
Current Assets	$30.4M-35.4%	$47.0M-39.9%	$78.2M-24.7%	$103.8M+8.3%	$95.8M-33.4%	$143.8M
Cash & Equivalents	$8.0M-64.5%	$22.6M-52.7%	$47.8M-28.6%	$67.0M+243.5%	$19.5M-63.1%	$52.8M
Inventory	$18.0M-4.7%	$18.9M-12.2%	$21.5M-20.1%	$27.0M-48.2%	$52.1M-17.5%	$63.2M
Accounts Receivable	$811K-35.8%	$1.3M-35.2%	$1.9M+5.6%	$1.8M-62.2%	$4.9M+1.9%	$4.8M
Goodwill	N/A	N/A	N/A	$0	$0-100.0%	$76.0M
Total Liabilities	$77.3M-10.5%	$86.4M-11.0%	$97.0M-11.9%	$110.1M+168.2%	$41.1M-27.4%	$56.5M
Current Liabilities	$8.7M-45.7%	$15.9M-32.6%	$23.6M+10.4%	$21.4M+6.2%	$20.2M-30.1%	$28.9M
Long-Term Debt	$50.8M	N/A	N/A	N/A	N/A	N/A
Total Equity	-$2.0M-107.5%	$27.1M-51.2%	$55.6M-28.3%	$77.5M-40.6%	$130.4M-48.7%	$254.2M
Retained Earnings	-$331.3M-9.9%	-$301.6M-11.0%	-$271.7M-9.6%	-$247.9M-31.4%	-$188.6M-270.6%	-$50.9M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$81.6M-7.2%	$88.0M-18.6%	$108.0M-4.8%	$113.4M-5.2%	$119.6M-7.8%	$129.8M-8.5%	$141.8M-7.1%	$152.5M
Current Assets	$34.5M-13.2%	$39.7M-9.8%	$44.0M-6.3%	$47.0M-6.0%	$50.0M-12.2%	$56.9M-16.6%	$68.3M-12.7%	$78.2M
Cash & Equivalents	$9.8M-35.7%	$15.3M-21.1%	$19.4M-14.4%	$22.6M-8.1%	$24.6M-24.3%	$32.5M-15.5%	$38.5M-19.5%	$47.8M
Inventory	$19.8M+2.2%	$19.4M+2.5%	$18.9M0.0%	$18.9M-3.2%	$19.5M+4.6%	$18.7M-17.0%	$22.5M+4.4%	$21.5M
Accounts Receivable	$1.1M-45.4%	$2.0M+30.6%	$1.5M+21.2%	$1.3M-21.3%	$1.6M-14.1%	$1.9M+8.3%	$1.7M-11.5%	$1.9M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$72.4M-1.0%	$73.0M-16.0%	$87.0M+0.7%	$86.4M-3.4%	$89.4M-4.9%	$94.0M-1.2%	$95.1M-1.9%	$97.0M
Current Liabilities	$8.9M-14.4%	$10.4M-43.9%	$18.5M+16.0%	$15.9M-3.3%	$16.5M-10.7%	$18.5M-5.9%	$19.6M-17.0%	$23.6M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$9.2M-38.1%	$14.9M-29.1%	$21.1M-22.2%	$27.1M-10.4%	$30.2M-15.6%	$35.8M-23.2%	$46.7M-16.0%	$55.6M
Retained Earnings	-$319.9M-1.9%	-$314.1M-2.0%	-$307.8M-2.1%	-$301.6M-1.1%	-$298.2M-2.0%	-$292.4M-3.9%	-$281.4M-3.5%	-$271.7M

CWBHF Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$14.1M+33.6%	-$21.3M-38.2%	-$15.4M-189.5%	-$5.3M+82.0%	-$29.6M+43.2%	-$52.0M
Capital Expenditures	$549K-85.7%	$3.9M+4.3%	$3.7M+1292.8%	$265K-94.6%	$4.9M-82.6%	$28.3M
Free Cash Flow	-$14.7M+41.6%	-$25.1M-31.6%	-$19.1M-241.9%	-$5.6M+83.8%	-$34.5M+57.1%	-$80.3M
Investing Cash Flow	-$412K+89.1%	-$3.8M-8.3%	-$3.5M-987.6%	$395K+103.4%	-$11.8M+38.5%	-$19.2M
Financing Cash Flow	-$50K+65.5%	-$145K+42.2%	-$251K-100.5%	$52.4M+551.7%	$8.0M-85.5%	$55.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$5.5M-35.9%	-$4.0M-45.2%	-$2.8M-54.5%	-$1.8M+76.4%	-$7.6M-61.3%	-$4.7M+34.5%	-$7.2M-183.0%	-$2.5M
Capital Expenditures	-$2K-101.5%	$131K-74.9%	$521K+136.8%	$220K-30.2%	$315K-74.9%	$1.3M-39.0%	$2.1M+204.7%	$676K
Free Cash Flow	-$5.5M-31.6%	-$4.1M-26.1%	-$3.3M-63.5%	-$2.0M+74.5%	-$7.9M-32.6%	-$6.0M+35.5%	-$9.2M-187.6%	-$3.2M
Investing Cash Flow	$11K+123.9%	-$46K+90.7%	-$493K-149.0%	-$198K+36.1%	-$310K+75.3%	-$1.3M+38.3%	-$2.0M-233.3%	-$610K
Financing Cash Flow	-$9K+64.0%	-$25K	$0+100.0%	-$12K+20.0%	-$15K+25.0%	-$20K+79.6%	-$98K-100.0%	-$49K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CWBHF Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	43.5%+0.7pp	42.8%-13.5pp	56.3%+30.1pp	26.2%-24.4pp	50.6%-4.3pp	54.9%
Operating Margin	-40.6%+23.8pp	-64.4%-0.1pp	-64.3%+6.5pp	-70.8%+82.3pp	-153.0%-99.1pp	-53.9%
Net Margin	-59.6%+0.5pp	-60.1%-22.4pp	-37.7%+42.3pp	-80.0%+63.3pp	-143.3%-111.1pp	-32.2%
Return on Equity	N/A	-110.2%-67.4pp	-42.8%+33.7pp	-76.5%+29.1pp	-105.6%-93.5pp	-12.1%
Return on Assets	-39.5%-13.2pp	-26.3%-10.7pp	-15.6%+16.0pp	-31.6%+48.7pp	-80.3%-70.4pp	-9.9%
Current Ratio	3.51+0.6	2.95-0.4	3.31-1.5	4.84+0.1	4.75-0.2	4.98
Debt-to-Equity	-24.94-28.1	3.19+1.4	1.75+0.3	1.42+1.1	0.31+0.1	0.22
FCF Margin	-29.4%+21.2pp	-50.6%-20.4pp	-30.2%-22.7pp	-7.5%+28.3pp	-35.9%+48.4pp	-84.3%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	38.9%-7.9pp	46.8%-4.0pp	50.8%+10.6pp	40.2%-12.8pp	53.0%+32.0pp	21.0%-36.0pp	57.0%+1.4pp	55.5%
Operating Margin	-45.7%-13.9pp	-31.8%+11.8pp	-43.6%-0.6pp	-43.0%+4.8pp	-47.8%+51.0pp	-98.8%-29.8pp	-69.0%-3.7pp	-65.3%
Net Margin	-50.6%-1.5pp	-49.1%+1.6pp	-50.7%-24.1pp	-26.6%+19.4pp	-46.0%+44.0pp	-90.0%-10.5pp	-79.5%-25.3pp	-54.2%
Return on Equity	-62.9%-20.8pp	-42.1%-12.6pp	-29.5%-17.1pp	-12.4%+6.7pp	-19.1%+11.7pp	-30.9%-10.2pp	-20.6%-5.2pp	-15.4%
Return on Assets	-7.1%+0.0pp	-7.1%-1.4pp	-5.8%-2.8pp	-3.0%+1.9pp	-4.8%+3.7pp	-8.5%-1.7pp	-6.8%-1.2pp	-5.6%
Current Ratio	3.88+0.1	3.83+1.5	2.38-0.6	2.95-0.1	3.03-0.0	3.08-0.4	3.48+0.2	3.31
Debt-to-Equity	7.82+2.9	4.89+0.8	4.13+0.9	3.19+0.2	2.96+0.3	2.62+0.6	2.04+0.3	1.75
FCF Margin	-47.5%-15.1pp	-32.4%-5.6pp	-26.8%-10.9pp	-15.9%+46.9pp	-62.8%-14.3pp	-48.5%+27.7pp	-76.2%-55.9pp	-20.3%

Note: Shareholder equity is negative (-$2.0M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Similar Companies

Integrated Cannabis Solutions IGPK

$16.5M

Redwood Scientif RSCI

$14.3M

Optimi Health OPTHF

$20.5M

Greenway Greenho GWAYF

$16.3M

Ayr Wellness Inc. AYRWF

$1.8M

Frequently Asked Questions

What is Charlottes Web's annual revenue?

Charlottes Web (CWBHF) reported $49.9M in total revenue for fiscal year 2025. This represents a 0.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Charlottes Web's revenue growing?

Charlottes Web (CWBHF) revenue grew by 0.5% year-over-year, from $49.7M to $49.9M in fiscal year 2025.

Is Charlottes Web profitable?

No, Charlottes Web (CWBHF) reported a net income of -$29.7M in fiscal year 2025, with a net profit margin of -59.6%.

What is Charlottes Web's EBITDA?

Charlottes Web (CWBHF) had EBITDA of -$13.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Charlottes Web have?

As of fiscal year 2025, Charlottes Web (CWBHF) had $8.0M in cash and equivalents against $50.8M in long-term debt.

What is Charlottes Web's gross margin?

Charlottes Web (CWBHF) had a gross margin of 43.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Charlottes Web's operating margin?

Charlottes Web (CWBHF) had an operating margin of -40.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Charlottes Web's net profit margin?

Charlottes Web (CWBHF) had a net profit margin of -59.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Charlottes Web's free cash flow?

Charlottes Web (CWBHF) generated -$14.7M in free cash flow during fiscal year 2025. This represents a 41.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Charlottes Web's operating cash flow?

Charlottes Web (CWBHF) generated -$14.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Charlottes Web's total assets?

Charlottes Web (CWBHF) had $75.3M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Charlottes Web's capital expenditures?

Charlottes Web (CWBHF) invested $549K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Charlottes Web spend on research and development?

Charlottes Web (CWBHF) invested $1.8M in research and development during fiscal year 2025.

How many shares does Charlottes Web have outstanding?

Charlottes Web (CWBHF) had 160M shares outstanding as of fiscal year 2025.

What is Charlottes Web's current ratio?

Charlottes Web (CWBHF) had a current ratio of 3.51 as of fiscal year 2025, which is generally considered healthy.

What is Charlottes Web's debt-to-equity ratio?

Charlottes Web (CWBHF) had a debt-to-equity ratio of -24.94 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Charlottes Web's return on assets (ROA)?

Charlottes Web (CWBHF) had a return on assets of -39.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Charlottes Web's cash runway?

Based on fiscal year 2025 data, Charlottes Web (CWBHF) had $8.0M in cash against an annual operating cash burn of $14.1M. This gives an estimated cash runway of approximately 7 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is Charlottes Web's debt-to-equity ratio negative or unusual?

Charlottes Web (CWBHF) has negative shareholder equity of -$2.0M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Charlottes Web's Piotroski F-Score?

Charlottes Web (CWBHF) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Charlottes Web's earnings high quality?

Charlottes Web (CWBHF) has an earnings quality ratio of 0.47x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Charlottes Web cover its interest payments?

Charlottes Web (CWBHF) has an interest coverage ratio of -4.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Charlottes Web?

Charlottes Web (CWBHF) scores 26 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.