Filing Flows › Charlotte's Web Holdings (CWBHF) › Q4 2025
Charlotte's Web Holdings (CWBHF) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
Charlotte's Web Holdings (CWBHF) reported revenue of $13.3M for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and +16% from the quarter before. Operating margin was -42.0%, net loss $11.4M (85.7% of revenue).
Charlotte's Web Holdings, Q4 2025: revenue $13.3M (+5% year over year), operating margin -42.0%, net loss $11.4M, operating cash flow −$1.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.3M | +16% | +5% |
| Operating profit | −$5.6M | — | — |
| Net earnings | −$11.4M | — | — |
| Operating cash flow | −$1.9M | — | — |
What changed
Revenue was $13.3M in Q4 2025, up 5% year over year and up 16% from the previous quarter.
Gross margin was 37.5%, down 2.7 points from Q4 2024. Operating costs exceeded revenue by $5.6M, an operating margin of -42.0%. Operating expenses grew 0% against revenue growth of 5%. The quarter ended with a net loss of $11.4M, wider than the previous quarter's $5.8M loss. Net interest and other expense of $5.9M was the main reason.
Operating cash flow was −$1.9M. Non-cash charges added back $1.7M of depreciation and amortization and $152K of share-based compensation. Working capital and other items added $7.7M. Capital expenditures of −$101K exceeded it, leaving free cash flow of −$1.8M.
Questions
What was Charlotte's Web Holdings' revenue in the fourth quarter 2025?
Charlotte's Web Holdings (CWBHF) reported revenue of $13.3M for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and +16% from the quarter before.
Was Charlotte's Web Holdings profitable in the fourth quarter 2025?
Operating loss was $5.6M (-42.0% of revenue) and net loss $11.4M.