Charlotte's Web Holdings Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	49.24	49.67	63.16	74.14	96.09	95.23
Revenue Growth (YoY)	-6.83%	-21.36%	-14.82%	-22.85%	0.91%	0.67%
Cost of Revenue	27.45	28.41	27.59	54.73	47.51	42.94
Gross Profit	21.79	21.26	35.57	19.41	48.59	52.29
Selling, General & Admin	41.57	49.56	69.92	62.22	84.09	88.11
Research & Development	1.88	2.33	2.96	3.44	5.5	5.95
Amortization of Goodwill & Intangibles	-	0.22	0.85	1.23	3.54	2.01
Operating Expenses	41.92	53.25	75.63	70.06	97.64	99.73
Operating Income	-20.13	-31.99	-40.06	-50.65	-49.06	-47.45
Other Non Operating Income (Expenses)	-1.62	2.18	6.65	-6.74	9.48	12.65
EBT Excluding Unusual Items	-21.75	-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	-21.75	-29.81	-23.27	-59.22	-137.58	-38.7
Income Tax Expense	-0.06	0.04	0.53	0.09	0.14	-8.01
Net Income	-21.69	-29.85	-23.8	-59.31	-137.72	-30.68
Net Income to Common	-21.69	-29.85	-23.8	-59.31	-137.72	-30.68
Shares Outstanding (Basic)	159	158	153	147	141	125
Shares Outstanding (Diluted)	159	158	153	147	141	125
Shares Change (YoY)	1.70%	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	-14.91	-25.11	-19.08	-5.58	-34.48	-80.29
Free Cash Flow Per Share	-0.09	-0.16	-0.13	-0.04	-0.24	-0.64
Gross Margin	44.26%	42.80%	56.32%	26.18%	50.56%	54.91%
Operating Margin	-40.88%	-64.40%	-63.44%	-68.32%	-51.05%	-49.82%
Profit Margin	-44.04%	-60.09%	-37.68%	-80.00%	-143.32%	-32.22%
Free Cash Flow Margin	-30.28%	-50.56%	-30.21%	-7.53%	-35.88%	-84.31%
EBITDA	-13	-22.01	-24.9	-41.68	-38.03	-40.6
EBITDA Margin	-26.41%	-44.31%	-39.43%	-56.22%	-39.58%	-42.63%
D&A For EBITDA	7.12	9.98	15.16	8.97	11.03	6.85
EBIT	-20.13	-31.99	-40.06	-50.65	-49.06	-47.45
EBIT Margin	-40.88%	-64.40%	-63.44%	-68.32%	-51.05%	-49.82%
Advertising Expenses	-	7.98	13.78	12.21	17.52	14.72

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