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Charlie's Holdings (CHUC) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 17, 2026 · Charlie's Holdings (CHUC) Q2 2026 earnings results →

Q2 2026 Revenue up 116% year over year to $3.8M · 44¢ of every $1 of revenue lost · operating margin -32.5%

Charlie's Holdings made $3.8M in Q2 2026 (+116% Y/Y). Operating margin -32.5%, net loss $1.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 17, 2026.

Revenue$3.8M
Year over year+116%
Operating margin-32.5%
Net earnings−$1.7M
Operating cash flow−$383K

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $3.8M in Q2 2026, up 116% year over year and down 21% from the previous quarter.

Gross margin was 29.4%, up 1.8 points from Q2 2025. Operating costs exceeded revenue by $1.2M, an operating margin of -32.5%. Operating expenses grew 63% against revenue growth of 116%. The fastest-growing cost line was Sales & marketing (+378%). The quarter ended with a net loss of $1.7M, wider than the previous quarter's $1.1M loss.

Operating cash flow was −$383K. Non-cash charges added back $5K of depreciation and amortization and $18K of share-based compensation. Working capital and other items added $1.3M.

Quarterly history

Charlie's Holdings revenue by quarterCharlie's Holdings revenue by quarter$1.8MQ4 2024$2.3MQ1 2025$2.5MQ2 2025$7.1MQ3 2025$9.0MQ4 2025$4.8MQ1 2026$3.8MQ2 2026
Charlie's Holdings net earnings by quarterCharlie's Holdings net earnings by quarter−$1.1MQ4 2024−$1.2MQ1 2025$5.0MQ2 2025$624KQ3 2025$131KQ4 2025−$1.1MQ1 2026−$1.7MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 17, 2026$3.8M+116%-32.5%−$1.7M−$383K
Q1 202610-QMay 20, 2026$4.8M+204%-20.3%−$1.1M−$1.1M
Q4 202510-KApr 1, 2026$9.0M+758%-1.4%$131K$394K
Q3 202510-QNov 19, 2025$7.1M+336%-4.8%$624K−$12.3M
Q2 202510-QAug 21, 2025$2.5M+24%-34.5%$5.0M−$2.7M
Q1 202510-QJun 27, 2025$2.3M-24%-35.8%−$1.2M−$409K
Q4 202410-KMay 29, 2025$1.8M-68%-42.3%−$1.1M−$377K

Charts

Charlie's Holdings: revenue growth, year over year and quarter over quarterCharlie's Holdings: revenue growth, year over year and quarter over quarterY/YQ/Q-68%Q4 2024-24%+30%Q1 2025+24%+10%Q2 2025+336%+178%Q3 2025+400%+27%Q4 2025+204%-47%Q1 2026+116%-21%Q2 2026
Latest (Q2 2026): Y/Y +116%, Q/Q -21%.
Charlie's Holdings: where the cash came from (+) and went (−), TTM to Q2 2026Charlie's Holdings: where the cash came from (+) and went (−), TTM to Q2 2026Operating cash flow−$4.2MOther financing$1.5MOther investing$977KCash drawn (+) / kept (−)$926KShares issued$780K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Charlie's Holdings: profit against cash, quarter by quarterCharlie's Holdings: profit against cash, quarter by quarterNet incomeOperating cash flow−$1.0M−$944KQ3 2024−$1.1M−$377KQ4 2024−$1.2M−$409KQ1 2025$5.0M−$2.7MQ2 2025$624K−$3.1MQ3 2025$131K$394KQ4 2025−$1.1M−$1.1MQ1 2026−$1.7M−$383KQ2 2026
Latest (Q2 2026): Net income −$1.7M, Operating cash flow −$383K.
Charlie's Holdings: diluted shares by fiscal yearCharlie's Holdings: diluted shares by fiscal year238MFY2021238MFY2021212MFY2022216MFY2023235MFY2024279MFY2025
+17.2% since FY2021: more shares outstanding (issuance, stock pay).
Charlie's Holdings: long-term debt falling due (FY2025)Charlie's Holdings: long-term debt falling due (FY2025)$2.3M2026$150KLater
Cash $1.3M, short-term investments —, long-term debt — at 2025-12-31.
Charlie's Holdings in its industry: growth against margin (22 companies, SIC 2833)Charlie's Holdings in its industry: growth against margin (22 companies, SIC 2833)revenue growth, year over year →↑ operating marginmedian +6%median -6%CURLFTLRYTRLVUSNAAAWHCRONCGCJUSHBTMDMRMDNAIINAGEMTEXFTLFLEEEFHYEXMEHACBDYADIANPHCCFOOCHUC (+116%, -32%)
Medicinal Chemicals & Botanical Products; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Charlie's Holdings

Charlie’s Holdings, Inc., a Nevada corporation, together with its wholly owned subsidiaries (collectively, the “ Company ”, “ we ”), formulates, markets and distributes premium, non-combustible nicotine-related products and alternative alkaloid vapor products. The Company’s products are produced through contract manufacturers for sale through select distributors, specialty retailers, and third-party online resellers throughout the United States, and in select international markets. Charlie’s Chalk Dust, LLC (“ Charlie ’ s ” or “ CCD ”), is the Company’s wholly owned subsidiary which produces and sells nicotine-based and alternative alkaloid vapor products.

In its own words, from its 10-Q, filed Aug 17, 2026.

Charlie's Holdings against its Medicinal Chemicals & Botanical Products peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +116% against the peers' median +11%. Operating margin: -32.5% against the peers' median 0.8%.

CompanyQuarterRevenueY/YOp. margin
CHUC Charlie's HoldingsQ2 2026$3.8M+116%-32.5%
CURLF Curaleaf HoldingsQ3 2026$353M+11%0.8%
TLRY Tilray BrandsQ1 FY27$257M+23%-9.4%
TRLV Trulieve CannabisQ3 2026$230M-20%18.5%
USNA Usana Health SciencesQ2 2026$223M-5%-9.0%
AAWH Ascend Wellness HoldingsQ2 2026$126M-0.9%4.2%
CRON Cronos GroupQ3 2026$83.9M+72%10.8%
CGC Canopy GrowthQ2 FY27$71.1M+20%-23.1%
JUSH Jushi HoldingsQ3 2026$70.5M+7%5.0%

Source: Charlie's Holdings 10-Q on SEC EDGAR · CIK 1134765 · Medicinal Chemicals & Botanical Products

More on CHUC

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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