Charlotte's Web Holdings, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $49.9M | $49.7M | $63.2M | $74.1M | $96.1M | $95.2M |
| Cost of Revenue | $28.2M | $28.4M | $27.6M | $54.7M | $47.5M | $42.9M |
| Gross Profit | $21.7M | $21.3M | $35.6M | $19.4M | $48.6M | $52.3M |
| Gross Margin | 43.5% | 42.8% | 56.3% | 26.2% | 50.6% | 54.9% |
| Operating Expenses | ||||||
| Research & Development | $1.8M | $2.3M | $3.0M | $3.4M | $5.5M | $6.0M |
| SG&A Expense | $42.0M | $53.2M | $75.6M | $70.1M | $97.6M | $103.6M |
| Operating Income | $-20.3M | $-32.0M | $-40.6M | $-52.5M | $-147.1M | $-51.3M |
| Operating Margin | -40.6% | -64.4% | -64.3% | -70.8% | -153.0% | -53.9% |
| Interest Expense | — | — | — | — | — | — |
| Pretax Income | $-29.8M | $-29.8M | $-23.3M | $-59.2M | $-137.6M | $-38.7M |
| Income Tax Expense | $-68.0K | $39.0K | $529.0K | $91.0K | $143.0K | $-8.0M |
| Net Income | $-29.7M | $-29.8M | $-23.8M | $-59.3M | $-137.7M | $-30.7M |
| Net Margin | -59.6% | -60.1% | -37.7% | -80.0% | -143.3% | -32.2% |
| EPS (Basic) | $-0.19 | $-0.19 | $-0.16 | $-0.40 | $-0.98 | $-0.25 |
| EPS (Diluted) | $-0.19 | $-0.19 | $-0.16 | $-0.40 | $-0.98 | $-0.25 |
| Shares Outstanding (Basic) | 158.8M | 157.6M | 152.9M | 146.6M | 140.8M | 125.0M |
| Shares Outstanding (Diluted) | 158.8M | 157.6M | 152.9M | 146.6M | 140.8M | 125.0M |
| Dividends Per Share | — | — | — | — | — | — |