cbdMD, Inc. (YCBD)
cbdMD, Inc. is engaged in the production and distribution of a diverse array of cannabidiol (CBD) products. The company oversees and markets several consumer-oriented, hemp-derived CBD brands, notably its primary brand cbdMD, alongside Paw CBD and cbdMD Botanicals. Under the cbdMD label, its offerings span various items, including CBD tinctures, edible gummies, topical applications, capsules, bath bombs, bath salts, and solutions designed to aid sleep. Furthermore, its Paw CBD brand caters to pets with veterinarian-formulated products such as tinctures, edible chews, and topical treatments. The company's merchandise reaches customers throughout the United States via its proprietary e-commerce platform, various third-party online retail sites, wholesale partners, and physical brick-and-mortar establishments. cbdMD, Inc. also maintains a research collaboration with the University of Mississippi, focusing on the discovery of novel cannabinoids. Incorporated in 2015, the firm was previously known as Level Brands, Inc. before officially changing its name to cbdMD, Inc. in May 2019, and its corporate headquarters are situated in Charlotte, North Carolina.
Sector: Perfumes, Cosmetics & Other Toilet Preparations
Industry: Drug Manufacturers - Specialty & Generic
cbdMD, Inc.
NYSE:YCBDHealthcare · Drug Manufacturers - Specialty & Generic
+0.61%$0.3648
AH Close$0.3648+0.00%vs close
AH Close$0.3648+0.00%vs close
Mkt Cap$4.09M
Float11.08M
O/S11.21M
Inst Own8.2%
SI4.9%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$19.19M
Net Income-$2.04M
Total Assets$10.42M
Free Cash Flow-$1.64M
Debt & Equity
Debt 99%
Equity 1%
Preferred 0%
Total Debt$778.24M
Total Equity$7.23M
Preferred Stock$2K
Shares Outstanding
Short Interest
Split History2 splits · 2 reverse
2-year cumulative
1:8
Nasdaq bars a compliance period at 1:250
- 1:8Reverse splitMay 7, 20258 shares → 1
- 1:45Reverse splitApr 25, 202345 shares → 1
Balance Sheet Details
Assets$10.42M
Liabilities$3.19M
Accounts Receivable$1.04M
Accounts Payable$1.17M
Inventory$2.95M
PP&E (Net)$1.04M
Goodwill$0
Intangible Assets$2.12M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 |
| Revenue | $19.19M | $19.48M | $24.16M | $35.4M | $44.48M | $41.88M | $23.65M | $459K | $4.47M | $2.03M |
| YoY Growth | -1.5% | -19.3% | -31.8% | -20.4% | 6.2% | 77.1% | 5051.8% | -89.7% | 120.3% | - |
| Cost of Revenue | $7.22M | $8.64M | $11.12M | $14.9M | $15.51M | $15.51M | $9.14M | $327K | $1.36M | $1.62M |
| Gross Profit | $11.97M | $10.85M | $13.04M | $20.5M | $28.97M | $26.37M | $14.51M | $133K | $3.12M | $413K |
| Gross Margin | 62.4% | 55.7% | 54.0% | 57.9% | 65.1% | 63.0% | 61.4% | 28.9% | 69.7% | 20.3% |
| Research and Development | $34K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $11.43M | $14.04M | $22.31M | $37.81M | $48.58M | $43.95M | $28.88M | $1.93M | $3.36M | $4.15M |
| Other | $2.66M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $14.13M | $14.04M | $22.31M | $37.81M | $48.58M | $43.95M | $28.88M | $1.93M | $3.36M | $4.15M |
| Operating Income (EBIT) | -$2.16M | -$3.19M | -$9.27M | -$17.31M | -$19.62M | -$17.58M | -$14.36M | -$1.8M | -$239K | -$3.73M |
| Operating Margin | -11.3% | -16.4% | -38.4% | -48.9% | -44.1% | -42.0% | -60.7% | -391.4% | -5.3% | -183.8% |
| Interest Expense | $0 | $30K | $0 | $0 | $29K | $0 | $0 | $955 | $501K | $155K |
| Interest Income | $34K | $0 | $64K | $16K | $0 | $40K | $75K | $0 | $0 | $0 |
| Other Income (Expense) | $122K | -$511K | -$13.67M | -$52.77M | -$4.67M | $28.89M | -$33.43M | $0 | -$1.12M | -$155K |
| Income Before Tax (EBT) | -$2.04M | -$3.7M | -$22.94M | -$70.08M | -$24.29M | $11.31M | -$47.79M | -$1.8M | -$1.36M | -$3.89M |
| Income Tax Expense | $0 | $0 | $0 | $0 | -$895K | -$1.35M | -$2.36M | $0 | $25K | $8K |
| Net Income | -$2.04M | -$3.7M | -$22.94M | -$70.08M | -$23.39M | $12.6M | -$50.43M | -$412K | -$1.74M | -$3.36M |
| Net Income Margin | -10.6% | -19.0% | -95.0% | -198.0% | -52.6% | 30.1% | -213.2% | -89.8% | -38.9% | -165.2% |
| Supplementary Data | ||||||||||
| EPS | -1.09 | -1.79 | -13.32 | -55.80 | -19.16 | 12.47 | -114.29 | -2.39 | -10.44 | -36.58 |
| Diluted EPS | -1.09 | -1.79 | -13.32 | -55.80 | -19.16 | 12.19 | -114.29 | -2.39 | -10.44 | -36.58 |
| Weighted Average OS | 4.02M | 4.31M | 2.02M | 1.33M | 1.22M | 980,896 | 397,494 | 172,058 | 166,494 | 91,745 |
| EBITDA | -$245K | -$1.85M | -$20.01M | -$67.11M | -$22.01M | -$15.68M | -$14.07M | -$1.57M | -$168K | -$3.69M |
| EBITDA Margin | -1.3% | -9.5% | -82.8% | -189.6% | -49.5% | -37.4% | -59.5% | -343.0% | -3.8% | -181.6% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 | 2015-09-30 |
| Assets | |||||||||||
| Current Assets | |||||||||||
| Cash and Cash Equivalents | $2.26M | $2.45M | $1.8M | $6.72M | $26.41M | $14.82M | $4.69M | $4.28M | $284K | $34K | $546K |
| Short-Term Investments | $0 | $0 | $0 | $1M | $1.03M | $276K | $799K | $2.21M | $859K | $0 | $0 |
| Cash and Short-Term Investments | $2.26M | $2.45M | $1.8M | $7.72M | $27.44M | $15.1M | $5.49M | $6.49M | $1.14M | $34K | $546K |
| Accounts Receivable | $1.04M | $984K | $1.22M | $1.45M | $1.11M | $911K | $2.67M | $4.2M | $1.38M | $164K | $151 |
| Inventory | $2.95M | $2.37M | $4.05M | $4.26M | $5.02M | $4.89M | $4.3M | $123K | $588K | $687K | $168K |
| Other Current Assets | $277K | $407K | $750K | $703K | $1.16M | $1.39M | $1.3M | $590K | $583K | $0 | $149K |
| Total Current Assets | $6.55M | $6.39M | $8.07M | $16.01M | $36.5M | $23.71M | $15.74M | $11.79M | $3.69M | $956K | $1.24M |
| Long-Term Assets | |||||||||||
| Property, Plant & Equipment Net | $1.04M | $603K | $4.07M | $5.55M | $8.71M | $10.83M | $2.47M | $53K | $135K | $180K | $98K |
| Goodwill | $0 | $0 | $0 | $0 | $56.67M | $54.67M | $54.67M | $0 | $0 | $0 | $0 |
| Intangible Assets | $2.12M | $2.89M | $3.22M | $17.83M | $23.12M | $21.64M | $21.64M | $3.17M | $3.24M | $487K | $487K |
| Long-Term Investments | $700K | $700K | $700K | $1.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | -$1.64B | $0 | $0 | $0 | $0 | $2.44B | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $139K | $1.64B | -$114K | $0 | $0 | $0 | -$2.44M | $0 | $0 |
| Total Long-Term Assets | $3.87M | $4.19M | $8.13M | $24.78M | $88.38M | $87.13M | $78.78M | $3.23M | $3.38M | $667K | $585K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $10.42M | $10.58M | $16.2M | $40.79M | $124.88M | $110.84M | $94.52M | $15.02M | $7.07M | $1.62M | $1.82M |
| Liabilities | |||||||||||
| Current Liabilities | |||||||||||
| Accounts Payable | $1.17M | $1.54M | $1.91M | $2.04M | $2.98M | $2.85M | $3.02M | $482K | $465K | $206K | $81K |
| Short-Term Debt | $778.24M | $1.17M | $2K | $10K | $59K | $2.07M | $0 | $0 | $0 | $798K | $331K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $506.29M | $503K | $185K | $0 | $0 | $45K | $7K | $161K | $41K | $0 | $0 |
| Other Current Liabilities | -$1.28M | $0 | $0 | $0 | $0 | $2.72M | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $3.19M | $8.62M | $4.67M | $5.29M | $6.92M | $7.69M | $3.71M | $970K | $1.52M | $1.9M | $541K |
| Long-Term Liabilities | |||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $602K | $0 | $0 | $360K | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | -$194K | $0 | -$360K | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $895K | $2.24M | $21K | $37K | $12K | $4K |
| Other Long-Term Liabilities | $0 | $0 | $90K | $401K | $9.96M | $16.46M | $50.96M | $8K | $0 | $0 | $0 |
| Total Long-Term Liabilities | $0 | $0 | $2.49M | $4.08M | $14.82M | $23.97M | $53.2M | $29K | $397K | $12K | $4K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $3.19M | $8.62M | $7.16M | $9.37M | $21.74M | $31.66M | $56.91M | $998K | $1.92M | $1.92M | $545K |
| Stockholders' Equity | |||||||||||
| Preferred Stock | $2K | $5K | $5K | $5K | $5K | $500 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $9K | $4K | $3K | $61K | $58K | $52K | $28K | $8K | $6K | $3K | $3K |
| Retained Earnings | -$179.44M | -$182.07M | -$174.36M | -$147.42M | -$73.34M | -$47.39M | -$59.61M | -$6.67M | -$6.26M | -$4.49M | -$1.13M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | -$0 | $0 | -$0 | -$2.51M | $0 | $0 | $0 |
| Other Stockholders' Equity | $186.65M | $184.03M | $183.39M | $178.79M | $176.42M | $126.52M | $97.19M | $19.27M | $10.46M | $4.85M | $2.52M |
| Total Equity | $7.23M | $1.96M | $9.03M | $31.42M | $103.14M | $79.18M | $37.6M | $12.61M | $4.21M | $363K | $1.39M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.41M | $937K | -$656K | -$116K |
| Total Liabilities and Equity | $10.42M | $10.58M | $16.2M | $40.79M | $124.88M | $110.84M | $94.52M | $13.61M | $6.13M | $2.28M | $1.94M |
| Supplementary Data | |||||||||||
| Total Debt | $778.24M | $1.27M | $3.68M | $4.87M | $6.07M | $8.68M | $194K | $0 | $360K | $798K | $331K |
| Net Debt | $775.98M | -$1.18M | $1.89M | -$1.85M | -$20.34M | -$6.14M | -$4.5M | -$4.28M | $76K | $763K | -$215K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 |
| Operating Activities | ||||||||||
| Net Income | -$2.04B | -$3.7M | -$22.94M | -$70.08M | -$23.39M | $12.6M | -$51.36M | $63K | -$1.39M | -$3.9M |
| Depreciation & Amortization | $1.8M | $1.82M | $2.93M | $2.97M | $2.25M | $1.9M | $290K | $223K | $71K | $45K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $1.21M | $6.79M | $572K | $296K | $0 |
| Stock-Based Compensation | $0 | $17K | $343K | $929K | $2.92M | $2.04M | $2.69M | $679K | $213K | $11K |
| Changes in Working Capital: | ||||||||||
| Accounts Receivable | -$440K | $232K | $278K | $66K | -$184K | $514K | -$402K | -$992K | -$790K | -$164K |
| Inventory | -$789K | $790K | $27K | -$112K | -$1.01M | -$535K | -$3.12M | $256K | -$41K | -$520K |
| Accounts Payable | -$262K | -$1.12M | $61K | -$1.81M | $0 | $1.48M | $394K | -$667K | -$467K | $786K |
| Other Working Capital | -$479K | -$437K | $203K | -$912K | -$1.63M | -$1.64M | -$2.93M | -$2.8M | $310K | $572K |
| Total Working Capital Change | -$1.97M | -$539K | $570K | -$2.77M | -$2.82M | -$185K | -$6.07M | -$4.2M | -$988K | $674K |
| Other Non-Cash Items | $2.04B | $2.05M | $14.8M | $53.99M | $6.95M | -$28.23M | $32.28M | -$2.91M | -$239K | $269K |
| Net Cash from Operating | -$1.45M | -$353K | -$4.3M | -$14.97M | -$14.09M | -$10.66M | -$15.38M | -$5.57M | -$2.33M | -$2.9M |
| Investing Activities | ||||||||||
| Capital Expenditures | -$184.17M | -$290K | -$298K | -$689K | -$342K | -$1.32M | -$1.25M | -$384K | -$8K | -$127K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | -$917K | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | -$750K | -$250K | $0 | -$300K | $0 | $0 |
| Sales of Investments | $0 | $0 | $1M | $0 | $540K | $0 | $0 | $0 | $200K | $0 |
| Other Investing Activities | $183.99M | $0 | $0 | $0 | -$2M | $0 | $31K | -$660K | -$40K | $0 |
| Net Cash from Investing | -$184K | -$290K | $702K | -$689K | -$2.55M | -$1.57M | -$2.13M | -$684K | $152K | -$127K |
| Financing Activities | ||||||||||
| Debt Repaid | - | - | $133K | $33K | $152K | -$1.49M | $764K | - | $201K | $90K |
| Common Stock Issuance | $1.45M | $50K | $2.48M | $0 | $0 | $16.77M | $19.01M | $10.93M | $829K | $1.98M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$29K | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $62K | -$327K | -$673K | $3K | $0 |
| Net Cash from Financing | $1.45M | $1.3M | -$1.32M | -$4.04M | $28.23M | $22.37M | $17.92M | $10.25M | $2.43M | $2.51M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$191K | $655K | -$4.92M | -$19.69M | $11.59M | $10.13M | $407K | $4M | $250K | -$512K |
| Supplementary Data | ||||||||||
| Operating Cash Flow | -$1.45M | -$353K | -$4.3M | -$14.97M | -$14.09M | -$10.66M | -$15.38M | -$5.57M | -$2.33M | -$2.9M |
| Capital Expenditure | -$184K | -$290K | -$298K | -$689K | -$2.34M | -$1.32M | -$1.25M | -$384K | -$8K | -$127K |
| Free Cash Flow | -$1.64M | -$643K | -$4.6M | -$15.66M | -$16.44M | -$11.98M | -$16.63M | -$5.96M | -$2.34M | -$3.02M |
| Cash at Beginning | $2.45M | $1.8M | $6.72M | $26.41M | $14.82M | $4.69M | $4.28M | $284K | $34K | $546K |
| Cash at End | $2.26M | $2.45M | $1.8M | $6.72M | $26.41M | $14.82M | $4.69M | $4.28M | $284K | $34K |