Here are the 10-K annual reports from Charlies Holdings Inc (CHUC) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow CHUC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CHUC filings page.
Charlie’s Holdings, Inc. reports strong top-line growth in its premium vapor products business, with net revenue of approximately $20.9 million for the year ended December 31, 2025, up from $7.8 million in 2024. Operating cash use also increased, with about $6.3 million used in operating activities versus $2.0 million the prior year, so profitability and cash flow remain key challenges.
The company is pushing two main product categories: non-combustible nicotine products and alternative alkaloid, non-nicotine vapor products built around its proprietary Metatine ingredient and SBX disposable line, which it states are outside current FDA tobacco rules and some state flavor bans. It is also investing in advanced age-gating and access-control technology through a licensing agreement with IKE Tech to embed Bluetooth-enabled, cloud-based age verification into devices.
Charlie’s continues to navigate heavy U.S. regulation. It has multiple Premarket Tobacco Applications for nicotine and synthetic nicotine products under FDA review and received Marketing Denial Orders in October 2025, which are currently stayed by the Fifth Circuit, allowing sales of affected products to continue while litigation proceeds. As of March 31, 2026, the company had 274,203,242 common shares outstanding and 35 full-time employees.