Charlotte's Web Holdings, Inc. (TSX:CWEB)

Charlotte's Web Holdings Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	36.35	34.61	63.16	74.14	96.09
Revenue Growth (YoY)	5.04%	-45.20%	-14.82%	-22.85%	0.91%
Cost of Revenue	20.54	19.79	27.59	54.73	47.51
Gross Profit	15.81	14.81	35.57	19.41	48.59
Selling, General & Admin	30.58	37.1	75.63	70.06	97.64
Other Operating Expenses	-	-	0.55	1.84	98
Total Operating Expenses	30.58	37.1	76.18	71.9	195.64
Operating Income	14.77	22.29	40.61	52.49	147.06
Total Non-Operating Income (Expense)	-6.95	1.52	17.35	-6.74	-9.38
Pretax Income	21.72	20.77	23.27	59.22	137.58
Provision for Income Taxes	-0.05	0.03	-0.53	-0.09	-0.14
Net Income	21.67	20.8	23.8	59.31	137.72
Net Income to Common	21.67	20.8	23.8	59.31	137.72
Net Income Growth	4.19%	-12.60%	-59.88%	-56.93%	348.88%
Shares Outstanding (Basic)	159	158	153	147	141
Shares Outstanding (Diluted)	159	158	153	147	141
Shares Change (YoY)	0.78%	3.02%	4.30%	4.17%	12.60%
EPS (Basic)	-0.19	-0.19	-0.16	-0.40	-0.98
EPS (Diluted)	-0.19	-0.19	-0.16	-0.40	-0.98
Shares Outstanding	159.42	158.01	154.33	152.14	144.66
Free Cash Flow	-14.67	-25.11	-25.28	-7.57	-43.58
Free Cash Flow Per Share	-0.09	-0.16	-0.17	-0.05	-0.31
Gross Margin	43.49%	42.81%	56.32%	26.18%	50.56%
Operating Margin	40.62%	64.40%	64.31%	70.79%	153.04%
Profit Margin	59.60%	60.09%	37.68%	80.00%	143.32%
FCF Margin	-29.40%	-50.56%	-30.21%	-7.53%	-35.88%
EBITDA	26.59	41.97	73.9	83.39	199.8
EBITDA Margin	53.29%	84.49%	88.31%	82.89%	164.51%
EBIT	14.77	22.29	40.61	52.49	147.06
EBIT Margin	40.62%	64.40%	64.31%	70.79%	153.04%
Effective Tax Rate	-0.23%	0.13%	-2.27%	-0.15%	-0.10%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.