CWBHFOTCAgricultural Production-CropsFiscal year ends December 31
Charlotte's Web Holdings, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026
$0.26+0.02 (+6.93%)
Close on Oct 19, 2026
- Market cap
- $52.39M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2025
Gross margin
43.5%−11.4 pts over 5 years
Operating margin
-40.6%+13.3 pts over 5 years
Net margin
-59.6%−27.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +0.5% | -12.4% | -12.1% | – | |
| Gross profit | +2.1% | +3.8% | -16.1% | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -16.2% | -237.5% | |
| Return on assets | – | – | -31.5% | |
| Current ratio | – | 4.98 | 3.51 | |
| Inventory turnover | – | – | 1.5× | |
| Capex to revenue | – | 29.7% | 1.1% | |
| Diluted shares | – | 125M | 159M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Charlotte's Web generated $85.64M from operations and spent $13.27M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$85.64M
Used
$13.27M
Capital expenditure$13.27M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-59.6%
×Asset turnover0.53×
×Equity multiplier7.53×
=Return on equity, FY2025-237.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -59.6% | 0.53× | 7.53× | -237.5% |
| FY2024 | -60.1% | 0.37× | 3.22× | -72.2% |
| FY2023 | -37.7% | 0.37× | 2.56× | -35.8% |
| FY2022 | -80.0% | 0.41× | 1.73× | -57.0% |
| FY2021 | -143.3% | 0.40× | 1.25× | -71.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$29.74M
- Cash generatingOperating cash flow above zero-$14.12M
- Return on assets improvedROA up on the prior year-19.6% → -26.2%
- Earnings backed by cashOperating cash flow above net income-$14.12M vs -$29.74M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.95 → 3.51
- No dilutionShare count did not rise158M → 159M
- Gross margin improvedGross margin up on the prior year42.81% → 43.49%
- More efficientAsset turnover rose0.33 → 0.44