Charlotte's Web Holdings, Inc.
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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FY2025 · Filed Mar 31, 2026
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Consolidated Financial Statements: Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share amounts)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $8,035 | $22,618 |
| Accounts receivable, net | 811 | 1,263 |
| Inventories, net | 18,022 | 18,907 |
| Prepaid expenses and other current assets | 3,491 | 4,194 |
| Total current assets | 30,359 | 46,982 |
| Property and equipment, net | 22,679 | 26,337 |
| License and media rights | — | 13,691 |
| Operating lease right-of-use assets, net | 11,297 | 12,876 |
| Investment in unconsolidated entity | 8,800 | 10,800 |
| Intangible assets, net | 785 | 1,049 |
| Derivative and other long-term assets | 1,353 | 1,707 |
| Total assets | $75,273 | $113,442 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT) | ||
| Current liabilities: | ||
| Accounts payable | $2,186 | $3,426 |
| Accrued and other current liabilities | 5,053 | 5,246 |
| Lease obligations – current | 1,420 | 2,055 |
| License and media rights payable - current | — | 5,209 |
| Total current liabilities | 8,659 | 15,936 |
| Convertible debenture | 50,849 | 43,631 |
| Lease obligations | 12,186 | 13,652 |
| License and media rights payable | — | 11,809 |
| Derivative and other long-term liabilities | 5,618 | 1,327 |
| Total liabilities | 77,312 | 86,355 |
| Commitments and contingencies (Note 9) | ||
| Shareholders’ equity (deficit): | ||
| Common shares, nil par value; unlimited shares authorized; 159,420,141 and 158,009,541 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 1 | 1 |
| Additional paid-in capital | 329,270 | 328,655 |
| Accumulated deficit | (331,310) | (301,569) |
| Total shareholders’ equity (deficit) | (2,039) | 27,087 |
| Total liabilities and shareholders’ equity (deficit) | $75,273 | $113,442 |
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