<span item_type="fundamental" item_id="165e9b938e8df171a8e434a4c37d45a3" counter_id="ST/US/CWBHF" env="prod"></span><span item_type="announcement" item_id="647876156914078465" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 11.16 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD -0.08.</p><p>EBIT: As of FY2026 Q1, the actual value is USD -3.588 M.</p><p></p><h4>Revenue</h4><p>Consolidated net revenue for Charlotte’s Web Holdings, Inc. was $11.2 million in Q1 2026, marking a 9.0% decrease from $12.3 million in Q1 2025, primarily due to retail channel restructuring initiated in September 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1750155/000175015526000076/q12026earningspressrelease.htm"></span></p><h4>Cost of Goods Sold</h4><p>Cost of goods sold was $5.955 million in Q1 2026, compared to $6.032 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1750155/000175015526000076/q12026earningspressrelease.htm"></span></p><h4>Gross Profit and Margin</h4><p>Gross profit in Q1 2026 was $5.2 million, or 46.6% of revenue, down from $6.2 million, or 50.8% of revenue, in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1750155/000175015526000076/q12026earningspressrelease.htm"></span></p><h4>Selling, General, and Administrative (SG&amp;A) Expenses</h4><p>Total SG&amp;A expenses were $9.5 million in Q1 2026, an improvement of 17.7% from $11.6 million in Q1 2025, attributed to cost optimization efforts.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1750155/000175015526000076/q12026earningspressrelease.htm"></span></p><h4>Operating Loss</h4><p>Operating loss was - $4.3 million in Q1 2026, an improvement from - $5.3 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1750155/000175015526000076/q12026earningspressrelease.htm"></span></p><h4>Net Loss</h4><p>Net loss for Q1 2026 was - $13.1 million, compared to a net loss of - $6.2 million in Q1 2025, with the Q1 2026 net loss including an - $8.9 million non-cash charge related to the change in fair value of financial instruments.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1750155/000175015526000076/q12026earningspressrelease.htm"></span></p><h4>Adjusted EBITDA</h4><p>Adjusted EBITDA was - $1.7 million in Q1 2026, improving from - $2.8 million in Q1 2025, representing an approximately $1.1 million year-over-year improvement.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1750155/000175015526000076/q12026earningspressrelease.htm"></span></p><h4>Cash and Cash Equivalents</h4><p>Cash and cash equivalents were $5.198 million as of March 31, 2026, down from $8.035 million as of December 31, 2025, and $19.357 million as of March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1750155/000175015526000076/q12026earningspressrelease.htm"></span></p><h4>Total Assets</h4><p>Total assets were $70.687 million as of March 31, 2026, a decrease from $75.273 million as of December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1750155/000175015526000076/q12026earningspressrelease.htm"></span></p><h4>Total Liabilities</h4><p>Total liabilities were $85.728 million as of March 31, 2026, up from $77.312 million as of December 31, 2025, with the convertible debenture liability standing at $51.504 million as of March 31, 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1750155/000175015526000076/q12026earningspressrelease.htm"></span></p><h4>Cash Flow from Operating Activities</h4><p>Net cash used in operating activities in Q1 2026 was - $2.779 million, which was essentially flat compared to - $2.768 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1750155/000175015526000076/q12026earningspressrelease.htm"></span></p><h4>Capital Expenditures</h4><p>Capital expenditures were minimal at - $21 thousand in Q1 2026, significantly lower than - $521 thousand in Q1 2025, as the Company’s in-house manufacturing insourcing project is substantially completed.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1750155/000175015526000076/q12026earningspressrelease.htm"></span></p><h4>Outlook / Guidance</h4><p>Management expects gross margin to trend towards approximately 50% as insourced production efficiencies scale and transitional cost items normalize.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1750155/000175015526000076/q12026earningspressrelease.htm"></span> The proposed transaction with BAT is anticipated to provide $10 million in new equity capital, eliminate the largest balance sheet liability, and strengthen liquidity for the next 12 months.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1750155/000175015526000076/q12026earningspressrelease.htm"></span> Quarterly SG&amp;A expenses are projected to remain around $10 million, reflecting a lean and appropriately scaled cost base.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1750155/000175015526000076/q12026earningspressrelease.htm"></span></p>

Charlotte's Web Holdings, Inc. | 8-K: FY2026 Q1 Revenue: USD 11.16 M