Filing Flows › Charlotte's Web Holdings (CWBHF) › Q3 2025
Charlotte's Web Holdings (CWBHF) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
Charlotte's Web Holdings (CWBHF) reported revenue of $11.5M for the third quarter 2025 (Q3 2025), -9% from a year earlier and -10% from the quarter before. Operating margin was -45.7%, net loss $5.8M (50.6% of revenue).
Charlotte's Web Holdings, Q3 2025: revenue $11.5M (-9% year over year), operating margin -45.7%, net loss $5.8M, operating cash flow −$5.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.5M | -10% | -9% |
| Operating profit | −$5.3M | — | — |
| Net earnings | −$5.8M | — | — |
| Operating cash flow | −$5.5M | — | — |
What changed
Revenue was $11.5M in Q3 2025, down 9% year over year and down 10% from the previous quarter.
Gross margin was 38.9%, down 14.1 points from a year earlier. Operating costs exceeded revenue by $5.3M, an operating margin of -45.7%. Operating expenses fell 23% while revenue fell 9%. The quarter ended with a net loss of $5.8M, narrower than the previous quarter's $6.3M loss.
Operating cash flow was −$5.5M. Non-cash charges added back $1.7M of depreciation and amortization and $145K of share-based compensation. Working capital and other items used $1.5M. Capital expenditures of −$2K exceeded it, leaving free cash flow of −$5.5M.
Questions
What was Charlotte's Web Holdings' revenue in the third quarter 2025?
Charlotte's Web Holdings (CWBHF) reported revenue of $11.5M for the third quarter 2025 (Q3 2025), -9% from a year earlier and -10% from the quarter before.
Was Charlotte's Web Holdings profitable in the third quarter 2025?
Operating loss was $5.3M (-45.7% of revenue) and net loss $5.8M.