Charlotte's Web Holdings reported Q3 2026 revenue of $9.4 million, down from $11.5 million in the same period last year. Despite the top-line decline, the company narrowed its net loss to $3.5 million and improved Adjusted EBITDA to a $0.7 million loss. The conversion of a $50.8 million convertible debenture into equity bolstered the balance sheet, resulting in positive shareholders' equity of $53.1 million.
Neutral
🤖 55%
Q3 2026 revenue fell to $9.4 million from $11.5 million a year earlier and the company still posts an operating loss of $3.7 million, a clear negative. But net loss narrowed to $3.5 million from $5.8 million, Adjusted EBITDA improved to $(0.7) million from $(2.2) million, and the convertible debenture was converted to equity, turning shareholders' equity positive at $53.1 million. Good and bad largely cancel out.
Catalysts
- • Q3 2026 revenue of $9.4 million, down from $11.5 million in Q3 2025
- • Net loss narrowed to $(3.5) million from $(5.8) million; Adjusted EBITDA improved to $(0.7) million
Risk Factors
- • Revenue continues to decline year-over-year (nine-month revenue $31.4 million vs $36.6 million)
- • Still unprofitable with $20.7 million nine-month net loss including a $4.2 million debt-extinguishment loss