Charlotte's Web Holdings, Inc. (CWBHF)

Charlotte's Web Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	50.32	49.67	63.16	74.14	96.09	95.23
Revenue Growth (YoY)	-7.75%	-21.36%	-14.82%	-22.85%	0.91%	0.67%
Cost of Revenue	26.34	28.41	27.59	54.73	47.51	42.94
Gross Profit	23.99	21.26	35.57	19.41	48.59	52.29
Selling, General & Admin	43.5	49.56	69.92	62.22	84.09	88.11
Research & Development	1.96	2.33	2.96	3.44	5.5	5.95
Operating Expenses	44.88	53.25	75.63	70.06	97.64	99.73
Operating Income	-20.89	-31.99	-40.06	-50.65	-49.06	-47.45
Other Non Operating Income (Expenses)	-0.79	2.18	6.65	-6.74	9.48	12.65
EBT Excluding Unusual Items	-21.68	-29.81	-33.42	-57.39	-39.58	-34.8
Merger & Restructuring Charges	-	-	-	-	-	-3.9
Impairment of Goodwill	-	-	-	-	-76.04	-
Gain (Loss) on Sale of Investments	-	-	10.7	-	-	-
Asset Writedown	-	-	-0.55	-1.84	-21.96	-
Pretax Income	-21.68	-29.81	-23.27	-59.22	-137.58	-38.7
Income Tax Expense	-0.03	0.04	0.53	0.09	0.14	-8.01
Net Income	-21.66	-29.85	-23.8	-59.31	-137.72	-30.68
Net Income to Common	-21.66	-29.85	-23.8	-59.31	-137.72	-30.68
Shares Outstanding (Basic)	158	158	153	147	141	125
Shares Outstanding (Diluted)	158	158	153	147	141	125
Shares Change (YoY)	2.16%	3.02%	4.30%	4.17%	12.60%	29.49%
EPS (Basic)	-0.14	-0.19	-0.16	-0.40	-0.98	-0.25
EPS (Diluted)	-0.14	-0.19	-0.16	-0.40	-0.98	-0.25
Free Cash Flow	-17.35	-25.11	-19.08	-5.58	-34.48	-80.29
Free Cash Flow Per Share	-0.11	-0.16	-0.13	-0.04	-0.24	-0.64
Gross Margin	47.67%	42.80%	56.32%	26.18%	50.56%	54.91%
Operating Margin	-41.52%	-64.40%	-63.44%	-68.32%	-51.05%	-49.82%
Profit Margin	-43.03%	-60.09%	-37.68%	-80.00%	-143.32%	-32.22%
Free Cash Flow Margin	-34.48%	-50.56%	-30.21%	-7.53%	-35.88%	-84.31%
EBITDA	-12.94	-22.01	-24.9	-41.68	-38.03	-40.6
EBITDA Margin	-25.70%	-44.31%	-39.43%	-56.22%	-39.58%	-42.63%
D&A For EBITDA	7.96	9.98	15.16	8.97	11.03	6.85
EBIT	-20.89	-31.99	-40.06	-50.65	-49.06	-47.45
EBIT Margin	-41.52%	-64.40%	-63.44%	-68.32%	-51.05%	-49.82%
Advertising Expenses	-	7.98	13.78	12.21	17.52	14.72

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.