Charlotte's Web Holdings, Inc. (CWBHF) Financial Statements (2025 and earlier)

Company Profile

Business Address 700 TECH COURT
LOUISVILLE, CO 80027
State of Incorp. BC
Fiscal Year End December 31
Industry (SIC) 01 - Agricultural Production Crops (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments47,82066,96319,494
Cash and cash equivalents47,82066,96319,494
Receivables2,3292,42017,087
Inventory, net of allowances, customer advances and progress billings21,53826,95352,077
Inventory21,53826,95352,077
Prepaid expense 2,8132,6126,224
Deposits current assets 1,1722,313925
Other undisclosed current assets2,5002,500 
Total current assets:78,172103,76195,807
Noncurrent Assets
Operating lease, right-of-use asset14,60116,51920,679
Property, plant and equipment27,51329,33036,085
Long-term investments and receivables11,000 1,037
Long-term investments11,000  
Accounts and financing receivable, after allowance for credit loss   1,037
Intangible assets, net (including goodwill)8871,7712,843
Intangible assets, net (excluding goodwill)8871,7712,843
Other noncurrent assets7035,7702,062
Other undisclosed noncurrent assets19,67230,49113,000
Total noncurrent assets:74,37683,88175,706
TOTAL ASSETS:152,548187,642171,513
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11,54210,91714,619
Accounts payable2,8604,0185,049
Accrued liabilities8,6826,8999,570
Other undisclosed current liabilities12,10410,5105,551
Total current liabilities:23,64621,42720,170
Noncurrent Liabilities
Long-term debt and lease obligation 42,52837,42120,500
Long-term debt, excluding current maturities 42,52837,421 
Liabilities, other than long-term debt18,86817,905 
Operating lease, liability15,65517,90520,500
Derivative instruments and hedges, liabilities3,213  
Other undisclosed noncurrent liabilities11,94833,384(20,103)
Total noncurrent liabilities:73,34488,71020,897
Total liabilities:96,990110,13741,067
Equity
Equity, attributable to parent55,55877,505130,446
Common stock111
Additional paid in capital327,280325,431319,059
Accumulated deficit(271,723)(247,927)(188,614)
Total equity:55,55877,505130,446
TOTAL LIABILITIES AND EQUITY:152,548187,642171,513

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Revenues63,15574,13996,092
Cost of revenue
(Cost of Goods and Services Sold)
(27,589)(54,728)(47,507)
Gross profit:35,56619,41148,585
Operating expenses(76,178)(71,897)(195,644)
Operating loss:(40,612)(52,486)(147,059)
Nonoperating income (expense)8,00674451
Investment income, nonoperating 10,700  
Other nonoperating income (expense)(2,694)74451
Loss from continuing operations before equity method investments, income taxes:(32,606)(51,742)(147,008)
Other undisclosed income (loss) from continuing operations before income taxes9,339(7,480)9,429
Loss from continuing operations before income taxes:(23,267)(59,222)(137,579)
Income tax expense(529)(91)(143)
Other undisclosed loss from continuing operations   
Loss from continuing operations:(23,796)(59,313)(137,722)
Loss before gain (loss) on sale of properties:(137,722)
Net loss available to common stockholders, diluted:(23,796)(59,313)(137,722)

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net loss:(23,796)(59,313)(137,722)
Comprehensive loss, net of tax, attributable to parent:(23,796)(59,313)(137,722)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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