Filing Flows › Charlotte's Web Holdings (CWBHF) › Q1 2025
Charlotte's Web Holdings (CWBHF) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
Charlotte's Web Holdings (CWBHF) reported revenue of $12.3M for the first quarter 2025 (Q1 2025), +1% from a year earlier and -3% from the quarter before. Operating margin was -43.6%, net loss $6.2M (50.7% of revenue).
Charlotte's Web Holdings, Q1 2025: revenue $12.3M (+1% year over year), operating margin -43.6%, net loss $6.2M, operating cash flow −$2.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.3M | -3% | +1% |
| Operating profit | −$5.3M | — | — |
| Net earnings | −$6.2M | — | — |
| Operating cash flow | −$2.8M | — | — |
What changed
Revenue was $12.3M in Q1 2025, up 1% year over year and down 3% from the previous quarter. Product revenue was the largest line at 99% of revenue. Product revenue added $374K year over year (up 3%), 271% of the total change. Service Revenue declined 76%.
Gross margin was 50.8%, down 6.2 points from a year earlier. Operating costs exceeded revenue by $5.3M, an operating margin of -43.6%. Operating expenses fell 24% while revenue rose 1%. The quarter ended with a net loss of $6.2M, wider than the previous quarter's $3.4M loss.
Operating cash flow was −$2.8M. Non-cash charges added back $2.4M of depreciation and amortization and $187K of share-based compensation. Working capital and other items added $808K. Capital expenditures of $521K exceeded it, leaving free cash flow of −$3.3M.
Questions
What was Charlotte's Web Holdings' revenue in the first quarter 2025?
Charlotte's Web Holdings (CWBHF) reported revenue of $12.3M for the first quarter 2025 (Q1 2025), +1% from a year earlier and -3% from the quarter before.
Was Charlotte's Web Holdings profitable in the first quarter 2025?
Operating loss was $5.3M (-43.6% of revenue) and net loss $6.2M.