CWBHF · Charlotte'S Web Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Revenue | $49.90M | $49.67M | $63.16M | $74.14M | $95.23M |
| Cost of Revenue | $28.20M | $28.41M | $27.59M | $54.73M | $42.94M |
| Gross Profit | $21.70M | $21.26M | $35.57M | $19.41M | $52.29M |
| R&D | $1.80M | $2.33M | $2.96M | $3.44M | $5.95M |
| SG&A | $41.97M | $53.25M | $75.63M | $70.06M | $103.63M |
| Total Operating Expenses | - | - | - | - | - |
| D&A | $6.32M | $9.98M | $15.16M | $8.97M | $6.85M |
| Operating Income | ($20.27M) | ($31.99M) | ($40.61M) | ($52.49M) | ($51.34M) |
| Interest Expense | - | - | - | - | - |
| Income Tax | ($68.0K) | $39.0K | $529.0K | $91.0K | ($8.01M) |
| Net Income | ($29.74M) | ($29.85M) | ($23.80M) | ($59.31M) | ($30.68M) |
| EPS - Basic | ($0.19) | ($0.19) | ($0.16) | ($0.40) | ($0.25) |
| EPS - Diluted | ($0.19) | ($0.19) | ($0.16) | ($0.40) | ($0.25) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Cash & Equivalents | $8.04M | $22.62M | $47.82M | $66.96M | $52.80M |
| Accounts Receivable | $811.0K | $1.26M | $1.95M | $1.85M | $4.79M |
| Inventory | $18.02M | $18.91M | $21.54M | $26.95M | $63.16M |
| Accounts Payable | $2.19M | $3.43M | $2.86M | $4.02M | $4.89M |
| Current Assets | $30.36M | $46.98M | $78.17M | $103.76M | $143.79M |
| Total Assets | $75.27M | $113.44M | $152.55M | $187.64M | $310.79M |
| Current Liabilities | $8.66M | $15.94M | $23.65M | $21.43M | $28.87M |
| Long-term Debt | - | - | - | - | - |
| Total Liabilities | $77.31M | $86.36M | $96.99M | $110.14M | $56.55M |
| Stockholders' Equity | ($2.04M) | $27.09M | $55.56M | $77.50M | $124.00M |
| Retained Earnings | ($331.31M) | ($301.57M) | ($271.72M) | ($247.93M) | ($50.89M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | ($14.12M) | ($21.26M) | ($15.39M) | ($5.32M) | ($52.03M) |
| Investing Cash Flow | ($412.0K) | ($3.80M) | ($3.51M) | $395.0K | ($19.16M) |
| Financing Cash Flow | ($50.0K) | ($145.0K) | ($251.0K) | $52.39M | $55.44M |
| CapEx | $549.0K | $3.85M | $3.69M | $265.0K | $28.26M |
| Free Cash Flow | ($14.67M) | ($25.11M) | ($19.08M) | ($5.58M) | ($80.29M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 43.5% | 42.8% | 56.3% | 26.2% | 54.9% |
| Operating margin | -40.6% | -64.4% | -64.3% | -70.8% | -53.9% |
| EBITDA margin | -27.9% | -44.3% | -40.3% | -58.7% | -46.7% |
| Net margin | -59.6% | -60.1% | -37.7% | -80.0% | -32.2% |
| Free cash flow margin | -29.4% | -50.6% | -30.2% | -7.5% | -84.3% |
| FCF / Net income | 0.49 | 0.84 | 0.80 | 0.09 | 2.62 |
| R&D / Revenue | 3.6% | 4.7% | 4.7% | 4.6% | 6.2% |
| SG&A / Revenue | 84.1% | 107.2% | 119.8% | 94.5% | 108.8% |
| Effective tax rate | - | - | - | - | - |
| Return on assets | -39.5% | -26.3% | -15.6% | -31.6% | -9.9% |
| Return on equity | 1458.6% | -110.2% | -42.8% | -76.5% | -24.7% |
| Return on invested capital | - | - | - | - | - |
| Liquidity | |||||
| Current ratio | 3.51 | 2.95 | 3.31 | 4.84 | 4.98 |
| Quick ratio | 1.42 | 1.76 | 2.40 | 3.58 | 2.79 |
| Cash ratio | 0.93 | 1.42 | 2.02 | 3.13 | 1.83 |
| Leverage | |||||
| Debt / Equity | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - |
| Interest coverage | - | - | - | - | - |
| Equity multiplier | -36.92 | 4.19 | 2.75 | 2.42 | 2.51 |
| Liabilities / Assets | 1.03 | 0.76 | 0.64 | 0.59 | 0.18 |
| Efficiency | |||||
| Asset turnover | 0.66 | 0.44 | 0.41 | 0.40 | 0.31 |
| Inventory turnover | 1.56 | 1.50 | 1.28 | 2.03 | 0.68 |
| Days sales outstanding | 6d | 9d | 11d | 9d | 18d |
| Days inventory outstanding | 233d | 243d | 285d | 180d | 537d |
| Days payable outstanding | 28d | 44d | 38d | 27d | 42d |
| Cash conversion cycle | 211d | 208d | 258d | 162d | 514d |
| Valuation | |||||
| P / E | - | - | - | - | - |
| P / B | - | 0.5x | 0.6x | 1.0x | 3.3x |
| P / S | 1.2x | 0.3x | 0.5x | 1.0x | 4.3x |
| EV / EBITDA | - | - | - | - | - |
| Growth | |||||
| Revenue growth (YoY) | 0.5% | -21.4% | -14.8% | -22.1% | - |
| Revenue CAGR (3y) | -12.4% | -19.5% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - |
| Gross profit growth (YoY) | 2.1% | -40.2% | 83.2% | -62.9% | - |
| Operating income growth (YoY) | 36.6% | 21.2% | 22.6% | -2.2% | - |
| Net income growth (YoY) | 0.4% | -25.4% | 59.9% | -93.3% | - |
| EPS growth (YoY) | 0.0% | -18.8% | 60.0% | -60.0% | - |
| EPS CAGR (3y) | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - |
| FCF growth (YoY) | 41.6% | -31.6% | -241.9% | 93.0% | - |
| FCF CAGR (5y) | - | - | - | - | - |
| Book value growth (YoY) | - | -51.2% | -28.3% | -37.5% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$49.90M totalReportable Segment$49.90M · 100.0%
Product / service
$49.90M totalProduct$49.60M · 99.4%
Service$300.0K · 0.6%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
-3.71
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Agricultural Production-Crops
| Company | Revenue (last FY) | Net margin | ROE |
|---|---|---|---|
| FDP | $4.32B | 2.1% | 4.5% |
| CTVA | $17.40B | 6.3% | 4.5% |
| VRNO | $821.50M | -31.4% | -36.6% |
| CBSTF | - | - | - |
| GTII/GTBIF | $1.18B | 9.7% | 6.0% |
Comparing Charlotte's Web Holdings against the 5 most active filers in the same SIC group.