Charlottes Web Financials
Charlottes Web (CWBHF) reported $49.9M in revenue for fiscal year 2025, up 0.5% from the prior fiscal year. This page shows its 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).
Charlotte's Web's recent results show a cost-cutting reset more than a sales recovery, with losses easing on flat demand.
With revenue essentially unchanged, the EBITDA loss narrowed to-$13.9M from-$22.0M as gross margin held and SG&A fell, showing the latest improvement came from a cost reset rather than revived demand. But cash ended at$8.0M against operating cash use of-$14.1M , so the business is spending less without yet funding itself internally.
The balance sheet now carries negative equity, yet short-term obligations are not the immediate pressure point because current liabilities are only
Gross margin rebounded from its trough to
Financial Health Signals
Charlottes Web does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Charlottes Web scores -5.34, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($91.0M) relative to total liabilities ($77.3M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Charlottes Web passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Charlottes Web reported a net loss of $29.7M while operations used $14.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Charlottes Web generated $49.9M in revenue in fiscal year 2025. This represents an increase of 0.5% from the prior year.
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.
Charlottes Web reported -$29.7M in net income in fiscal year 2025. This represents an increase of 0.4% from the prior year.
Charlottes Web earned -$0.19 per diluted share (EPS) in fiscal year 2025. That is unchanged from the prior year.
Cash & Balance Sheet
Charlottes Web recorded an outflow of $14.7M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 41.6% from the prior year.
Charlottes Web held $8.0M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
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.
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.
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.
Not reported for fiscal year 2025.
Capital Allocation
Charlottes Web invested $1.8M in research and development in fiscal year 2025. This represents a decrease of 22.6% from the prior year.
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.
Not reported for fiscal year 2025.
CWBHF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Revenue | $46.8M | $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 | $27.0M | $28.2M-0.7% | $28.4M+3.0% | $27.6M-49.6% | $54.7M+15.2% | $47.5M+10.6% | $42.9M |
| Gross Profit | $19.8M | $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 | N/A | $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 | $39.4M | $42.0M-21.2% | $53.2M-29.6% | $75.6M+8.0% | $70.1M-28.2% | $97.6M-5.8% | $103.6M |
| Operating Income | -$19.5M | -$20.3M+36.6% | -$32.0M+21.2% | -$40.6M+22.6% | -$52.5M+64.3% | -$147.1M-186.4% | -$51.3M |
| Income Tax | -$34K | -$68K-274.4% | $39K-92.6% | $529K+481.3% | $91K-36.4% | $143K+101.8% | -$8.0M |
| Net Income | -$34.5M | -$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 |
Not reported in any period shown, so not listed: Interest Expense.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CWBHF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| 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 |
| 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 |
Not reported in any period shown, so not listed: Long-Term Debt.
CWBHF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$11.0M | -$14.1M+33.6% | -$21.3M-38.2% | -$15.4M-189.5% | -$5.3M+82.0% | -$29.6M+43.2% | -$52.0M |
| Capital Expenditures | -$53K | $549K-85.7% | $3.9M+4.3% | $3.7M+1292.8% | $265K-94.6% | $4.9M-82.6% | $28.3M |
| Free Cash Flow | -$11.2M | -$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 | $82K | -$412K+89.1% | -$3.8M-8.3% | -$3.5M-987.6% | $395K+103.4% | -$11.8M+38.5% | -$19.2M |
| Financing Cash Flow | $9.7M | -$50K+65.5% | -$145K+42.2% | -$251K-100.5% | $52.4M+551.7% | $8.0M-85.5% | $55.4M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CWBHF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| 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% | -153.0% | -53.9% |
| Net Margin | -59.6%+0.5pp | -60.1%-22.4pp | -37.7%+42.3pp | -80.0% | -143.3% | -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+0.6x | 2.95-0.4x | 3.31-1.5x | 4.84+0.1x | 4.75-0.2x | 4.98 |
| Debt-to-Equity | N/A | 3.19+1.4x | 1.75+0.3x | 1.42+1.1x | 0.31+0.1x | 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% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
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.
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Where Charlottes Web Ranks
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.
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) recorded an outflow of $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) recorded an outflow of $14.1M in operating cash flow during fiscal year 2025, representing cash used by 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.
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 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 not reported?
Charlottes Web (CWBHF) has negative shareholder equity of -$2.0M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 Altman Z-Score?
Charlottes Web (CWBHF) has an Altman Z-Score of -5.34, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Charlottes Web's Piotroski F-Score?
Charlottes Web (CWBHF) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $29.7M while operations used $14.1M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.