Charlotte's Web Holdings, Inc.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Total Revenue | 11.5M | 12.8M | 12.3M | 12.7M | 12.6M |
| Operating Revenue | 11.5M | 12.8M | 12.3M | 12.7M | 12.6M |
| Cost Of Revenue | 7.0M | 6.8M | 6.0M | 7.6M | 5.9M |
| Gross Profit | 4.5M | 6.0M | 6.2M | 5.1M | 6.7M |
| Selling General And Administration | 9.7M | 10.1M | 11.6M | 10.5M | 12.7M |
| Operating Expense | 9.7M | 10.1M | 11.6M | 10.5M | 12.7M |
| Operating Income | -5.3M | -4.1M | -5.3M | -5.5M | -6.0M |
| EBIT | -5.3M | -4.1M | -5.3M | -5.5M | -6.0M |
| Other Income Expense | -600,000 | -2.2M | -864,000 | 2.1M | 233,000 |
| Other Non Operating Income Expenses | 600,000 | -675,000 | -738,000 | 2.1M | -1.2M |
| Gain On Sale Of Security | -1.2M | -1.5M | -126,000 | -87,000 | 1.4M |
| Earnings From Equity Interest | -- | -- | -- | 0.00 | 0.00 |
| Pretax Income | -5.9M | -6.3M | -6.2M | -3.4M | -5.8M |
| Tax Provision | -36,000 | -2,000 | 0.00 | -23,000 | 0.00 |
| Tax Effect Of Unusual Items | -7,380 | 0.00 | 0.00 | -590.09 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -5.8M | -6.3M | -6.2M | -3.4M | -5.8M |
| Net Income From Continuing Operation Net Minority Interest | -5.8M | -6.3M | -6.2M | -3.4M | -5.8M |
| Net Income Including Noncontrolling Interests | -5.8M | -6.3M | -6.2M | -3.4M | -5.8M |
| Net Income Common Stockholders | -5.8M | -6.3M | -6.2M | -3.4M | -5.8M |
| Net Income | -5.8M | -6.3M | -6.2M | -3.4M | -5.8M |
| EBITDA | -3.6M | -3.6M | -2.9M | -3.0M | -3.5M |
| Normalized EBITDA | -2.4M | -2.0M | -2.8M | -2.9M | -4.9M |
| Reconciled Depreciation | 1.7M | 512,000 | 2.4M | 2.5M | 2.5M |
| Basic EPS | -0.04 | -0.04 | -0.04 | -- | -0.04 |
| Diluted EPS | -0.04 | -0.04 | -0.04 | -- | -0.04 |
| Basic Average Shares | 159.1M | 158.6M | 155.3M | -- | 157.5M |
| Diluted Average Shares | 159.1M | 158.6M | 155.3M | -- | 157.5M |
| Total Unusual Items | -1.2M | -1.5M | -126,000 | -87,000 | 1.4M |
| Total Unusual Items Excluding Goodwill | -1.2M | -1.5M | -126,000 | -87,000 | 1.4M |
| Tax Rate For Calcs | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 |
| Normalized Income | -4.6M | -4.7M | -6.1M | -3.3M | -7.2M |
| Diluted NI Availto Com Stockholders | -5.8M | -6.3M | -6.2M | -3.4M | -5.8M |
| Net Income Continuous Operations | -5.8M | -6.3M | -6.2M | -3.4M | -5.8M |
| Reconciled Cost Of Revenue | 7.0M | 6.8M | 6.0M | 7.6M | 5.9M |
| Total Expenses | 16.8M | 16.9M | 17.6M | 18.1M | 18.6M |
| Total Operating Income As Reported | -5.3M | -4.1M | -5.3M | -5.5M | -6.0M |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 9.8M | 15.3M | 19.4M | 22.6M | 24.6M |
| Cash Cash Equivalents And Short Term Investments | 9.8M | 15.3M | 19.4M | 22.6M | 24.6M |
| Accounts Receivable | 1.1M | 2.0M | 1.5M | 1.3M | 1.6M |
| Receivables | 1.1M | 2.0M | 1.5M | 1.8M | 1.6M |
| Inventory | 19.8M | 19.4M | 18.9M | 18.9M | 19.5M |
| Prepaid Assets | -- | -- | -- | 2.6M | -- |
| Other Current Assets | 3.7M | 3.0M | 4.2M | 1.0M | 4.2M |
| Current Assets | 34.5M | 39.7M | 44.0M | 47.0M | 50.0M |
| Gross PPE | 35.3M | 36.8M | 38.2M | 66.4M | 40.4M |
| Accumulated Depreciation | -- | -- | -- | -27.2M | -- |
| Net PPE | 35.3M | 36.8M | 38.2M | 39.2M | 40.4M |
| Goodwill And Other Intangible Assets | 906,000 | 962,000 | 13.7M | 14.7M | 15.9M |
| Other Intangible Assets | 906,000 | 962,000 | 13.7M | 14.7M | 15.9M |
| Investments And Advances | 9.3M | 9.6M | 10.7M | 10.8M | 11.4M |
| Long Term Equity Investment | 9.3M | 9.6M | 10.7M | 10.8M | 11.4M |
| Other Non Current Assets | 1.0M | 416,000 | 466,000 | 632,000 | 648,000 |
| Total Non Current Assets | 47.1M | 48.3M | 64.0M | 66.5M | 69.7M |
| Total Assets | 81.6M | 88.0M | 108.0M | 113.4M | 119.6M |
| Current Debt And Capital Lease Obligation | 1.4M | 1.6M | 1.8M | 2.1M | 2.3M |
| Accounts Payable | 2.7M | 3.2M | 3.9M | 3.4M | 3.4M |
| Payables | 2.7M | 3.2M | 11.9M | 8.6M | 8.6M |
| Payables And Accrued Expenses | 7.5M | 8.8M | 16.6M | 13.9M | 14.2M |
| Current Accrued Expenses | 4.8M | 5.6M | 4.8M | 5.2M | 5.6M |
| Current Liabilities | 8.9M | 10.4M | 18.5M | 15.9M | 16.5M |
| Long Term Debt | 48.8M | 48.6M | 44.8M | 43.6M | 45.2M |
| Long Term Debt And Capital Lease Obligation | 61.4M | 61.5M | 58.0M | 57.3M | 59.1M |
| Long Term Capital Lease Obligation | 12.6M | 12.9M | 13.3M | 13.7M | 13.9M |
| Other Non Current Liabilities | -- | -- | -- | 1,000 | -- |
| Total Non Current Liabilities Net Minority Interest | 63.5M | 62.7M | 68.5M | 70.4M | 72.9M |
| Total Liabilities Net Minority Interest | 72.4M | 73.0M | 87.0M | 86.4M | 89.4M |
| Common Stock | 1,000 | 1,000 | 1,000 | 0.00 | 1,000 |
| Capital Stock | 1,000 | 1,000 | 1,000 | 0.00 | 1,000 |
| Additional Paid In Capital | 329.1M | 329.0M | 328.8M | 328.7M | 328.4M |
| Retained Earnings | -319.9M | -314.1M | -307.8M | -301.6M | -298.2M |
| Common Stock Equity | 9.2M | 14.9M | 21.1M | 27.1M | 30.2M |
| Stockholders Equity | 9.2M | 14.9M | 21.1M | 27.1M | 30.2M |
| Total Equity Gross Minority Interest | 9.2M | 14.9M | 21.1M | 27.1M | 30.2M |
| Total Capitalization | 58.1M | 63.5M | 65.8M | 70.7M | 75.4M |
| Net Tangible Assets | 8.3M | 14.0M | 7.3M | 12.3M | 14.3M |
| Tangible Book Value | 8.3M | 14.0M | 7.3M | 12.3M | 14.3M |
| Working Capital | 25.6M | 29.4M | 25.5M | 31.0M | 33.5M |
| Invested Capital | 58.1M | 63.5M | 65.8M | 70.7M | 75.4M |
| Total Debt | 62.8M | 63.1M | 59.9M | 59.3M | 61.4M |
| Net Debt | 39.0M | 33.3M | 25.4M | 21.0M | 20.6M |
| Share Issued | 159.1M | 158.6M | 158.0M | 158.0M | 157.8M |
| Ordinary Shares Number | 159.1M | 158.6M | 158.0M | 158.0M | 157.8M |
| Buildings And Improvements | -- | -- | -- | 2.9M | -- |
| Capital Lease Obligations | 14.0M | 14.5M | 15.1M | 15.7M | 16.3M |
| Construction In Progress | -- | -- | -- | 6.4M | -- |
| Current Capital Lease Obligation | 1.4M | 1.6M | 1.8M | 2.1M | 2.3M |
| Derivative Product Liabilities | 2.1M | 1.2M | 1.2M | 1.3M | 2.2M |
| Financial Assets | 590,000 | 500,000 | 970,000 | 1.1M | 1.3M |
| Finished Goods | 9.5M | 9.0M | 8.4M | 8.6M | 10.3M |
| Inventories Adjustments Allowances | -994,000 | -966,000 | -983,000 | -1.6M | -2.7M |
| Investmentsin Joint Venturesat Cost | -- | -- | -- | -- | 11.4M |
| Leases | -- | -- | -- | 39.8M | -- |
| Machinery Furniture Equipment | -- | -- | -- | 17.4M | -- |
| Other Payable | -- | -- | 7.9M | 5.2M | 5.2M |
| Other Properties | 35.3M | 36.8M | 38.2M | 12.9M | 40.4M |
| Other Receivables | -- | -- | -- | 545,000 | -- |
| Properties | -- | -- | -- | 0.00 | -- |
| Raw Materials | 11.3M | 11.4M | 11.5M | 11.9M | 11.9M |
| Tradeand Other Payables Non Current | 0.00 | 0.00 | 9.2M | 11.8M | 11.6M |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | -5.5M | -4.0M | -2.8M | -1.8M | -7.6M |
| Cash Flow From Continuing Operating Activities | -5.5M | -4.0M | -2.8M | -1.8M | -7.6M |
| Depreciation And Amortization | 1.7M | 512,000 | 2.4M | 2.5M | 2.5M |
| Depreciation Amortization Depletion | 1.7M | 512,000 | 2.4M | 2.5M | 2.5M |
| Stock Based Compensation | 145,000 | 180,000 | 187,000 | 224,000 | 217,000 |
| Change In Working Capital | -2.0M | -1.9M | -785,000 | -51,000 | -5.5M |
| Changes In Account Receivables | 951,000 | -366,000 | -394,000 | 528,000 | -13,000 |
| Change In Receivables | 951,000 | -366,000 | -394,000 | 528,000 | -13,000 |
| Change In Inventory | -470,000 | -330,000 | 19,000 | 364,000 | -859,000 |
| Change In Payables And Accrued Expense | -1.0M | -273,000 | 71,000 | -398,000 | -980,000 |
| Change In Payable | -1.0M | -273,000 | 71,000 | -398,000 | -980,000 |
| Change In Other Working Capital | -524,000 | -267,000 | 96,000 | -26,000 | 2.4M |
| Change In Other Current Liabilities | -531,000 | -615,000 | -605,000 | -546,000 | -5.6M |
| Other Non Cash Items | 396,000 | 1.7M | 1.5M | 1.4M | 1.6M |
| Capital Expenditure | -- | -131,000 | -521,000 | -220,000 | -315,000 |
| Purchase Of PPE | 2,000 | -- | -- | -220,000 | -315,000 |
| Net PPE Purchase And Sale | 2,000 | -- | -- | -220,000 | -315,000 |
| Investing Cash Flow | 11,000 | -46,000 | -493,000 | -198,000 | -310,000 |
| Cash Flow From Continuing Investing Activities | 11,000 | -46,000 | -493,000 | -198,000 | -310,000 |
| Financing Cash Flow | -9,000 | -25,000 | 0.00 | -12,000 | -15,000 |
| Cash Flow From Continuing Financing Activities | -9,000 | -25,000 | 0.00 | -12,000 | -15,000 |
| Changes In Cash | -5.5M | -4.1M | -3.3M | -2.0M | -7.9M |
| Beginning Cash Position | 15.3M | 19.4M | 22.6M | 24.6M | 32.5M |
| End Cash Position | 9.8M | 15.3M | 19.4M | 22.6M | 24.6M |
| Free Cash Flow | -5.5M | -4.1M | -3.3M | -2.0M | -7.9M |
| Capital Expenditure Reported | -- | -- | -521,000 | -- | -- |
| Change In Account Payable | -1.0M | -273,000 | 71,000 | -398,000 | -980,000 |
| Change In Prepaid Assets | -411,000 | -6,000 | 28,000 | 27,000 | -427,000 |
| Earnings Losses From Equity Investments | -- | -- | -- | 0.00 | 0.00 |
| Net Foreign Currency Exchange Gain Loss | -1.1M | -- | -- | -2.8M | 560,000 |
| Net Income From Continuing Operations | -5.8M | -6.3M | -6.2M | -3.4M | -5.8M |
| Net Other Financing Charges | -9,000 | -- | -- | -12,000 | -15,000 |
| Net Other Investing Changes | 9,000 | 85,000 | 28,000 | 22,000 | 5,000 |
| Operating Gains Losses | -995,000 | -- | -- | -2.8M | 605,000 |
| Provisionand Write Offof Assets | -79,000 | -- | -- | 230,000 | 138,000 |
| Unrealized Gain Loss On Investment Securities | 1.2M | 1.5M | 126,000 | 87,000 | -1.4M |