Filing Flows › Charlotte's Web Holdings (CWBHF) › Q1 2026
Charlotte's Web Holdings (CWBHF) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Charlotte's Web Holdings (CWBHF) reported revenue of $11.2M for the first quarter 2026 (Q1 2026), -9% from a year earlier and -16% from the quarter before. Operating margin was -38.7%, net loss $13.1M (117.5% of revenue).
Charlotte's Web Holdings, Q1 2026: revenue $11.2M (-9% year over year), operating margin -38.7%, net loss $13.1M, operating cash flow −$2.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.2M | -16% | -9% |
| Operating profit | −$4.3M | — | — |
| Net earnings | −$13.1M | — | — |
| Operating cash flow | −$2.8M | — | — |
What changed
Revenue was $11.2M in Q1 2026, down 9% year over year and down 16% from the previous quarter. Product revenue was the largest line at 99% of revenue. Product revenue lost $1.1M year over year (down 9%), 100% of the total change.
Gross margin was 46.6%, down 4.2 points from Q1 2025. Operating costs exceeded revenue by $4.3M, an operating margin of -38.7%. Operating expenses fell 18% while revenue fell 9%. The quarter ended with a net loss of $13.1M, wider than the previous quarter's $11.4M loss. Net interest and other expense of $8.8M was the main reason.
Operating cash flow was −$2.8M. Non-cash charges added back $1.7M of depreciation and amortization and $151K of share-based compensation. Working capital and other items added $8.5M. Capital expenditures of $21K exceeded it, leaving free cash flow of −$2.8M.
Questions
What was Charlotte's Web Holdings' revenue in the first quarter 2026?
Charlotte's Web Holdings (CWBHF) reported revenue of $11.2M for the first quarter 2026 (Q1 2026), -9% from a year earlier and -16% from the quarter before.
Was Charlotte's Web Holdings profitable in the first quarter 2026?
Operating loss was $4.3M (-38.7% of revenue) and net loss $13.1M.