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Charlie's Holdings (CHUC) Q1 2025 earnings results (first quarter 2025)

10-Q filed Jun 27, 2025

Charlie's Holdings (CHUC) reported revenue of $2.3M for the first quarter 2025 (Q1 2025), -24% from a year earlier and +30% from the quarter before. Operating margin was -35.8%, net loss $1.2M (52.8% of revenue).

Revenue$2.3M
Year over year-24%
Quarter over quarter+30%
Operating margin-35.8%
Net earnings−$1.2M

Charlie's Holdings, Q1 2025: revenue $2.3M (-24% year over year), operating margin -35.8%, net loss $1.2M, operating cash flow −$409K. The chart follows the revenue to costs, profit and cash.

Q1 2025AmountQ/QY/Y
Revenue$2.3M+30%-24%
Operating profit−$826K——
Net earnings−$1.2M——
Operating cash flow−$409K——

What changed

Revenue was $2.3M in Q1 2025, down 24% year over year and up 30% from the previous quarter.

Gross margin was 16.7%. Operating costs exceeded revenue by $826K, an operating margin of -35.8%. The quarter ended with a net loss of $1.2M, wider than the previous quarter's $1.1M loss.

Operating cash flow was −$409K. Non-cash charges added back $13K of depreciation and amortization and $40K of share-based compensation. Working capital and other items added $755K.

Questions

What was Charlie's Holdings' revenue in the first quarter 2025?

Charlie's Holdings (CHUC) reported revenue of $2.3M for the first quarter 2025 (Q1 2025), -24% from a year earlier and +30% from the quarter before.

Was Charlie's Holdings profitable in the first quarter 2025?

Operating loss was $826K (-35.8% of revenue) and net loss $1.2M.

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Source: Charlie's Holdings 10-Q on SEC EDGAR.