Charlotte's Web Holdings, Inc. (CWBHF) Form 10-Q — Aug 13, 2026
Charlotte's Web Holdings filed its Form 10-Q for the quarter ended June 30, 2026, reporting revenue of $10.9 million, down 15.2% year over year, driven by its shift of most retail business to a more margin-accretive distributor model in the third quarter of 2025. Second-quarter net loss narrowed to $4.1 million ($0.02 per share) from $6.3 million a year earlier, though the first-half loss widened to $17.2 million including a one-time debt charge.
Key figures
- Eps
- -$0.02 (Q2 2026, basic and diluted); -$0.10 (H1 2026)
- Revenue
- $10.855M (Q2 2026); $22.014M (H1 2026)
- Net Income
- -$4.127M (Q2 2026); -$17.239M (H1 2026)
- Revenue Yoy
- -15.2% (Q2 2026); -12.2% (H1 2026)
- Total Assets
- $76.389M
- Cash Position
- $13.988M (June 30, 2026) vs $8.035M (Dec 31, 2025)
- Shares Outstanding
- 271291529
- Sga Change Q2
- -5.4% YoY to $9.515M
- Gross Margin Q2
- 47.5% vs 46.8% prior year (~70bps improvement)
- Private Placement
- $10M gross for 14,662,765 shares
- Total Liabilities
- $20.325M vs $73.047M at Dec 31, 2025
- Shares Issued To BAT
- 109944042
- Bat Ownership Percent
- 40.6% non-diluted
- Operating Cash Flow H1
- -$3.705M vs -$6.786M prior year
- Debt Extinguishment Loss
- $4.216M on May 28, 2026 conversion
- Convertible Debenture Converted
- C$75.3M principal + C$14.2M accrued interest (total C$89.6M / US$65M) at C$0.94 per share
AI analysis
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