cbdMD (YCBD)
Market Price (5/23/2026): $0.7401 | Market Cap: $7.7 MilSector: Health Care | Industry: Pharmaceuticals
cbdMD (YCBD)
Market Price (5/23/2026): $0.7401Market Cap: $7.7 MilSector: Health CareIndustry: Pharmaceuticals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -28% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -38% Megatrend and thematic driversMegatrends include Health & Wellness Trends, and E-commerce & Digital Retail. Themes include Nutritional Supplements, Organic & Natural Products, Show more. | Weak multi-year price returns2Y Excs Rtn is -128%, 3Y Excs Rtn is -175% | Penny stockMkt Price is 0.8 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -2.7 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -13% Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -11% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -12%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -13% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -38% High stock price volatilityVol 12M is 194% Key risksYCBD key risks include [1] ongoing financial struggles with significant revenue decline and a history of losses, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -28% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -38% |
| Megatrend and thematic driversMegatrends include Health & Wellness Trends, and E-commerce & Digital Retail. Themes include Nutritional Supplements, Organic & Natural Products, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -128%, 3Y Excs Rtn is -175% |
| Penny stockMkt Price is 0.8 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -2.7 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -13% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -11% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -12%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -13% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -38% |
| High stock price volatilityVol 12M is 194% |
| Key risksYCBD key risks include [1] ongoing financial struggles with significant revenue decline and a history of losses, Show more. |
Qualitative Assessment
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cbdMD (YCBD) stock has lost about 25% since 1/31/2026 because of the following key factors:
1. Weak Q1 Fiscal 2026 Financial Performance and Increased Losses. cbdMD reported its Q1 fiscal 2026 results (for the quarter ending December 31, 2025) on February 17, 2026. While the company achieved sequential revenue growth of 12% to $5 million, net sales decreased by 1.9% compared to the prior year. More significantly, the loss from operations widened to $286,000, up from $86,000 in the comparative prior year period, and non-GAAP adjusted EBITDA turned into a loss of approximately $36,000, contrasting with a gain of $214,000 in the prior year's first quarter. This financial downturn led to a 6.8% decline in YCBD's stock price the day after the earnings announcement.
2. Mounting Uncertainty from Federal Hemp Regulatory Changes. The hemp industry, including cbdMD, faces significant regulatory uncertainty due to Section 781 of the Continuing Appropriations Act, signed in November 2025. This legislation is set to narrow the federal definition of lawful hemp by November 12, 2026, effectively banning most psychoactive hemp-derived cannabinoids. This impending change creates substantial compliance challenges and requires companies to strategically adapt their product portfolios, testing, and labeling, fostering investor apprehension about future revenue streams and operational costs.
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1. Weak Q1 Fiscal 2026 Financial Performance and Increased Losses. cbdMD reported its Q1 fiscal 2026 results (for the quarter ending December 31, 2025) on February 17, 2026. While the company achieved sequential revenue growth of 12% to $5 million, net sales decreased by 1.9% compared to the prior year. More significantly, the loss from operations widened to $286,000, up from $86,000 in the comparative prior year period, and non-GAAP adjusted EBITDA turned into a loss of approximately $36,000, contrasting with a gain of $214,000 in the prior year's first quarter. This financial downturn led to a 6.8% decline in YCBD's stock price the day after the earnings announcement.
2. Mounting Uncertainty from Federal Hemp Regulatory Changes. The hemp industry, including cbdMD, faces significant regulatory uncertainty due to Section 781 of the Continuing Appropriations Act, signed in November 2025. This legislation is set to narrow the federal definition of lawful hemp by November 12, 2026, effectively banning most psychoactive hemp-derived cannabinoids. This impending change creates substantial compliance challenges and requires companies to strategically adapt their product portfolios, testing, and labeling, fostering investor apprehension about future revenue streams and operational costs.
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Stock Movement Drivers
Fundamental Drivers
The -26.8% change in YCBD stock from 1/31/2026 to 5/22/2026 was primarily driven by a -17.7% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 5222026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.04 | 0.76 | -26.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 19 | 20 | 4.1% |
| P/S Multiple | 0.5 | 0.4 | -17.7% |
| Shares Outstanding (Mil) | 9 | 10 | -14.6% |
| Cumulative Contribution | -26.8% |
Market Drivers
1/31/2026 to 5/22/2026| Return | Correlation | |
|---|---|---|
| YCBD | -26.8% | |
| Market (SPY) | 8.1% | 25.9% |
| Sector (XLV) | -2.7% | 6.7% |
Fundamental Drivers
The -13.0% change in YCBD stock from 10/31/2025 to 5/22/2026 was primarily driven by a -44.6% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 10312025 | 5222026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.87 | 0.76 | -13.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 19 | 20 | 5.0% |
| P/S Multiple | 0.3 | 0.4 | 49.6% |
| Shares Outstanding (Mil) | 6 | 10 | -44.6% |
| Cumulative Contribution | -13.0% |
Market Drivers
10/31/2025 to 5/22/2026| Return | Correlation | |
|---|---|---|
| YCBD | -13.0% | |
| Market (SPY) | 9.9% | -2.4% |
| Sector (XLV) | 4.8% | 1.9% |
Fundamental Drivers
The -56.3% change in YCBD stock from 4/30/2025 to 5/22/2026 was primarily driven by a -94.6% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 4302025 | 5222026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.74 | 0.76 | -56.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 19 | 20 | 4.0% |
| P/S Multiple | 0.1 | 0.4 | 671.9% |
| Shares Outstanding (Mil) | 1 | 10 | -94.6% |
| Cumulative Contribution | -56.3% |
Market Drivers
4/30/2025 to 5/22/2026| Return | Correlation | |
|---|---|---|
| YCBD | -56.3% | |
| Market (SPY) | 36.0% | 3.5% |
| Sector (XLV) | 8.6% | 2.3% |
Fundamental Drivers
The -97.1% change in YCBD stock from 4/30/2023 to 5/22/2026 was primarily driven by a -98.4% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 4302023 | 5222026 | Change |
|---|---|---|---|
| Stock Price ($) | 26.24 | 0.76 | -97.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 32 | 20 | -37.9% |
| P/S Multiple | 0.1 | 0.4 | 190.7% |
| Shares Outstanding (Mil) | 0 | 10 | -98.4% |
| Cumulative Contribution | -97.1% |
Market Drivers
4/30/2023 to 5/22/2026| Return | Correlation | |
|---|---|---|
| YCBD | -97.1% | |
| Market (SPY) | 86.3% | 6.2% |
| Sector (XLV) | 18.0% | 2.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| YCBD Return | -63% | -79% | -90% | -64% | -55% | -42% | -100% |
| Peers Return | -6% | -46% | -59% | -26% | -33% | -19% | -92% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 98% |
Monthly Win Rates [3] | |||||||
| YCBD Win Rate | 25% | 33% | 33% | 25% | 33% | 20% | |
| Peers Win Rate | 19% | 22% | 36% | 33% | 25% | 33% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| YCBD Max Drawdown | -84% | -82% | -96% | -69% | -90% | -52% | |
| Peers Max Drawdown | -83% | -51% | -74% | -59% | -71% | -36% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: TLRY, CGC, SNDL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/22/2026 (YTD)
How Low Can It Go
| Event | YCBD | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -20.2% | -7.8% |
| % Gain to Breakeven | 25.3% | 8.5% |
| Time to Breakeven | 160 days | 18 days |
| 2020 COVID-19 Crash | ||
| % Loss | -49.9% | -33.7% |
| % Gain to Breakeven | 99.5% | 50.9% |
| Time to Breakeven | 61 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -47.7% | -19.2% |
| % Gain to Breakeven | 91.4% | 23.8% |
| Time to Breakeven | 54 days | 105 days |
In The Past
cbdMD's stock fell -20.2% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 25.3% gain to breakeven.
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| Event | YCBD | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -20.2% | -7.8% |
| % Gain to Breakeven | 25.3% | 8.5% |
| Time to Breakeven | 160 days | 18 days |
| 2020 COVID-19 Crash | ||
| % Loss | -49.9% | -33.7% |
| % Gain to Breakeven | 99.5% | 50.9% |
| Time to Breakeven | 61 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -47.7% | -19.2% |
| % Gain to Breakeven | 91.4% | 23.8% |
| Time to Breakeven | 54 days | 105 days |
In The Past
cbdMD's stock fell -20.2% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 25.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About cbdMD (YCBD)
cbdMD, Inc. produces and distributes various cannabidiol (CBD) products. The company owns and operates consumer hemp-based CBD brands, such as cbdMD, Paw CBD, and cbdMD Botanicals. Its cbdMD brand products include CDB tinctures, gummies, topicals, capsules, bath bombs, bath salts, and sleep aids. It also offers veterinarian-formulated products, including tinctures, chews, and topicals under the Paw CBD brand name. The company distributes its products through its e-commerce Website, third-party e-commerce sites, wholesalers, and various brick and mortar retailers in the United States. It has a research partnership with the University of Mississippi to identify novel cannabinoids. The company was formerly known as Level Brands, Inc. and changed its name to cbdMD, Inc. in May 2019. cbdMD, Inc. was incorporated in 2015 and is headquartered in Charlotte, North Carolina.
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Here are 1-2 brief analogies to describe cbdMD:
- The Procter & Gamble of CBD wellness products: Like Procter & Gamble owns and markets a portfolio of consumer brands across various categories, cbdMD owns and distributes multiple hemp-based CBD brands for human and pet wellness.
- Nature's Bounty for CBD supplements: Similar to how Nature's Bounty is a well-known producer of various dietary supplements, cbdMD specializes in producing and distributing a wide range of CBD-focused supplements and wellness products.
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- cbdMD Human CBD Products: A diverse line of cannabidiol products for human consumption and topical application, including tinctures, gummies, topicals, capsules, bath bombs, bath salts, and sleep aids.
- Paw CBD Pet Products: Veterinarian-formulated cannabidiol products designed for pets, featuring tinctures, chews, and topicals.
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cbdMD (YCBD) primarily sells to individuals. Based on its product offerings and brands, it serves the following categories of customers:
- Individuals seeking general wellness and health support: This category includes consumers who purchase CBD tinctures, gummies, topicals, capsules, bath bombs, bath salts, and sleep aids for their personal health and well-being.
- Pet owners: This category encompasses individuals who buy veterinarian-formulated CBD products, such as tinctures, chews, and topicals, for their pets under the Paw CBD brand name.
- Individuals interested in beauty and personal care products: While not explicitly detailed, the mention of "cbdMD Botanicals" suggests a customer base looking for CBD-infused products specifically for skincare, beauty, and personal care.
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Ronan Kennedy, Chief Executive Officer and Chief Financial Officer Mr. Kennedy has served as Interim CEO since March 2023 and CFO since late 2020, and was appointed full-time CEO in March 2024. He joined the Board of Directors in December 2024. Prior to joining cbdMD, Mr. Kennedy spent 14 years in private equity, both on the investment team and as a C-level executive in private equity-backed investments. He also served as CFO of AMV Holdings, LLC, a vaping and e-cigarette retailer, manufacturer, and wholesaler, from 2015 through October 2020, where he was instrumental in growing the company from a nine-store regional chain to over 100 U.S. locations and a growing European footprint. He assisted AMV in expanding into the manufacturing and retailing of CBD products following the passing of the Farm Bill in late 2018. Bradley Whitford, Chief Accounting Officer Mr. Whitford has served as Chief Accounting Officer since March 2023 (or March 2024 according to an SEC filing). He has been with cbdMD since 2021, previously holding the role of Vice President of Finance. Before joining the company, he served as Corporate Accounting Manager – Global Close and Consolidations for Diversey, Inc., a hygiene, infection prevention, and cleaning solutions company, from 2019 to 2021. Dr. Sibyl Swift, Chief Science Officer & Vice President of Regulatory Affairs Dr. Swift joined cbdMD as a Regulatory Consultant in January 2021 and became Vice President for Scientific & Regulatory Affairs and co-chair of cbdMD Therapeutics, LLC, in March 2021. Her previous experience includes serving as the Associate Director for Research and Strategy at the FDA's Office of Dietary Supplement Programs and as the Senior Vice President for Scientific & Regulatory Affairs at the Natural Products Association. Wade Brown, VP of Marketing Mr. Brown is a seasoned marketing executive with a proven track record of success in regulated industries and high-growth companies. He has held leadership roles at Inc Authority (acquired by LegalZoom), First Tactical, and Kevin's Naturals, where he played a key role in driving strategic growth, optimizing acquisition channels, and leading marketing transformations that resulted in successful exits. Zeb Booker, Chief Technology Officer Mr. Booker is a seasoned technology and operations leader with over 15 years of experience in the manufacturing and CBD industries.AI Analysis | Feedback
The public company cbdMD (symbol: YCBD) faces several key risks to its business operations and financial viability.
- Going Concern and Financial Health: cbdMD has issued a "going concern" warning, indicating substantial doubt about its ability to continue operations for the next twelve months without achieving improved profitability or securing additional funding. The company has reported essentially flat quarterly revenue, negative net margins, and operating losses. For example, in the three months ended December 31, 2025, net sales were down modestly from the prior year, gross margin slipped to 59.8% from 66.5%, and it posted an operating loss of $286,288. The Altman Z-Score, a measure of financial distress, places the company in the distress zone, implying a potential risk of bankruptcy within the next two years. While the company is implementing cost-cutting measures and has secured additional capital through preferred stock and an equity line of credit, sustained profitability remains a critical challenge.
- Regulatory and Compliance Risks: The CBD industry operates under a complex and evolving regulatory landscape at both federal and state levels. A significant upcoming risk for cbdMD is the potential implementation of new federal limits on THC content in hemp-derived consumables, set to begin November 12, 2026. cbdMD anticipates that this change would likely have a material adverse impact if implemented as written, as a meaningful share of its revenue comes from low-dose THC products. Furthermore, the U.S. Food and Drug Administration (FDA) has maintained that CBD cannot be marketed as a dietary supplement or food additive, leading to ongoing compliance challenges, risks of enforcement actions, and potential consumer lawsuits related to product labeling and marketing claims, particularly regarding health benefits.
- Market Competition and Product Quality Control: The CBD market is highly competitive and rapidly expanding, leading to saturation and challenges in maintaining sales momentum. The industry also faces issues related to product quality control, with studies indicating that a significant portion of CBD products may be mislabeled regarding CBD content or potentially contaminated. Although cbdMD conducts research partnerships, the broader industry issues of inconsistent quality and misleading claims pose reputational and legal risks for all companies, including cbdMD, especially given the lack of federal testing requirements for hemp-derived CBD.
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The addressable markets for cbdMD's main products and services are significant, primarily within the United States and globally for both human and pet cannabidiol (CBD) products. For their main human CBD products, which include tinctures, gummies, topicals, capsules, bath bombs, bath salts, and sleep aids, the market can be generally sized as follows: * The U.S. CBD consumer health market was valued at approximately USD 8.99 billion in 2024 and is projected to reach around USD 34.66 billion by 2034, growing at a CAGR of 14.45% from 2025 to 2034. * Another estimate indicates the U.S. CBD market was valued at USD 6.26 billion in 2024 and is likely to grow to USD 47.31 billion by 2032, with a CAGR of 37.72% from 2024 to 2032. * The global CBD consumer health market size was estimated at USD 20.88 billion in 2024 and is predicted to reach around USD 77.48 billion by 2034, expanding at a CAGR of 14.01% from 2025 to 2034. * The global cannabidiol market size was valued at USD 22.8 billion in 2023 and is anticipated to grow to USD 108 billion by 2032, at a CAGR of 17.9% from 2024 to 2032. For their veterinarian-formulated CBD products under the Paw CBD brand, the addressable market is: * The U.S. CBD pet market generated a revenue of USD 82.2 million in 2024 and is expected to reach USD 902.6 million by 2033, growing at a CAGR of 30.5% from 2025 to 2033. * The global CBD pet market size was estimated at USD 331.0 million in 2024 and is projected to reach USD 3,939.1 million by 2033, growing at a CAGR of 32.69% from 2025 to 2033. * North America dominated the CBD pet market share by 41% in 2024. * Another source states the global CBD pet market size was valued at USD 329 million in 2024 and is projected to reach around USD 5476.42 million by 2034, with a CAGR of 32.5% between 2025 and 2034. * The CBD pet products market in the United States is set to advance at a 31.5% CAGR, with a large addressable base of pet owners.AI Analysis | Feedback
For cbdMD (YCBD), several key drivers are expected to contribute to future revenue growth over the next two to three years:
- Acquisition of Bluebird Botanicals: The strategic acquisition of Bluebird Botanicals is anticipated to drive future revenue growth by adding incremental revenue, expanding the customer base, and bringing valuable intellectual property, including GRAS (Generally Recognized As Safe) status for full-spectrum CBD. Integration efforts are underway to unlock synergies and enhance earnings.
- Wholesale Business Expansion: cbdMD's wholesale business demonstrated significant growth, with a 17% year-over-year increase in the first quarter of fiscal year 2026. This growth is attributed to improved execution of the core cbdMD brand and ongoing progress with the Oasis beverage brand, indicating continued focus on expanding this channel.
- Growth of Herbal Oasis Beverage Brand: The Herbal Oasis brand, which offers hemp-derived THC seltzers, is identified as a significant driver of growth. This brand is tapping into a market projected to exceed $4 billion by 2028, and its expansion into new markets, such as Louisiana, is expected to contribute to revenue.
- Sequential Revenue Improvement in Core Business: Management is focused on continuing to drive sequential revenue improvement in its core business. This indicates ongoing efforts to optimize performance within existing product lines and the direct-to-consumer channel, which remains the company's largest revenue source.
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Share Issuance
- The number of cbdMD's shares outstanding increased by 941.35% in one year.
- As of December 9, 2022, there were 60,682,262 shares of common stock issued and outstanding.
- cbdMD registered 2,000,000 conversion shares in March 2026, for which no proceeds were received by the issuer.
Outbound Investments
- cbdMD strategically acquired Bluebird Botanicals in January 2026. This acquisition was structured as an equity transaction, involving restricted shares of cbdMD common stock issued at closing, with potential for additional earnout shares.
Capital Expenditures
- For the last 12 months (as of March 2026), cbdMD's capital expenditures were approximately -$184,587.
- Capital expenditures were approximately -$0.2 million in fiscal year 2024 and -$0.3 million in fiscal year 2023.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| cbdMD Earnings Notes | 12/16/2025 | |
| Can cbdMD Stock Recover If Markets Fall? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | GEHC | GE HealthCare Technologies | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 04302026 | IQV | IQVIA | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 04302026 | UHS | Universal Health Services | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 04302026 | ABT | Abbott Laboratories | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 04302026 | ZBIO | Zenas BioPharma | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 1.25 |
| Mkt Cap | 0.4 |
| Rev LTM | 568 |
| Op Inc LTM | -29 |
| FCF LTM | -38 |
| FCF 3Y Avg | -36 |
| CFO LTM | -24 |
| CFO 3Y Avg | -20 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.5% |
| Rev Chg 3Y Avg | -2.4% |
| Rev Chg Q | 5.5% |
| QoQ Delta Rev Chg LTM | 1.2% |
| Op Inc Chg LTM | 43.7% |
| Op Inc Chg 3Y Avg | 42.3% |
| Op Mgn LTM | -10.4% |
| Op Mgn 3Y Avg | -14.4% |
| QoQ Delta Op Mgn LTM | 0.6% |
| CFO/Rev LTM | -8.8% |
| CFO/Rev 3Y Avg | -5.4% |
| FCF/Rev LTM | -10.9% |
| FCF/Rev 3Y Avg | -8.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.4 |
| P/S | 0.5 |
| P/Op Inc | -8.3 |
| P/EBIT | -2.1 |
| P/E | -2.0 |
| P/CFO | -3.9 |
| Total Yield | -62.2% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -59.2% |
| D/E | 0.5 |
| Net D/E | -0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -21.4% |
| 3M Rtn | -16.3% |
| 6M Rtn | -8.1% |
| 12M Rtn | -3.7% |
| 3Y Rtn | -84.3% |
| 1M Excs Rtn | -24.4% |
| 3M Excs Rtn | -22.6% |
| 6M Excs Rtn | -18.2% |
| 12M Excs Rtn | -30.6% |
| 3Y Excs Rtn | -163.8% |
Price Behavior
Price Behavior
| Market Price | $0.76 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 11/17/2017 | |
| Distance from 52W High | -66.5% | |
| 50 Days | 200 Days | |
| DMA Price | $0.83 | $0.90 |
| DMA Trend | down | indeterminate |
| Distance from DMA | -8.3% | -15.6% |
| 3M | 1YR | |
| Volatility | 85.5% | 195.0% |
| Downside Capture | 295.29 | 129.57 |
| Upside Capture | 127.17 | 66.55 |
| Correlation (SPY) | 38.9% | 5.2% |
YCBD Betas & Captures as of 4/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.78 | 1.99 | 1.26 | -0.51 | 0.44 | 0.58 |
| Up Beta | 3.33 | 3.85 | 3.08 | 2.33 | 0.88 | 0.55 |
| Down Beta | -3.37 | 1.21 | 3.86 | -1.01 | 0.23 | 0.96 |
| Up Capture | 151% | 135% | 47% | -54% | -11% | -4% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 11 | 19 | 30 | 51 | 106 | 326 |
| Down Capture | -1589% | 129% | -74% | -133% | 93% | 104% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 10 | 23 | 33 | 70 | 137 | 401 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with YCBD | |
|---|---|---|---|---|
| YCBD | -10.9% | 194.9% | 0.62 | - |
| Sector ETF (XLV) | 16.0% | 14.5% | 0.80 | 1.3% |
| Equity (SPY) | 29.5% | 12.0% | 1.86 | 4.8% |
| Gold (GLD) | 35.5% | 26.8% | 1.11 | 3.1% |
| Commodities (DBC) | 42.9% | 18.7% | 1.77 | -5.1% |
| Real Estate (VNQ) | 15.2% | 13.1% | 0.82 | 5.6% |
| Bitcoin (BTCUSD) | -29.5% | 41.7% | -0.73 | 11.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with YCBD | |
|---|---|---|---|---|
| YCBD | -73.4% | 130.8% | -0.47 | - |
| Sector ETF (XLV) | 5.7% | 14.7% | 0.21 | 4.8% |
| Equity (SPY) | 14.0% | 17.0% | 0.64 | 10.7% |
| Gold (GLD) | 18.8% | 18.0% | 0.85 | 3.6% |
| Commodities (DBC) | 10.4% | 19.4% | 0.42 | 0.6% |
| Real Estate (VNQ) | 3.8% | 18.8% | 0.10 | 8.8% |
| Bitcoin (BTCUSD) | 12.2% | 55.3% | 0.42 | 7.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with YCBD | |
|---|---|---|---|---|
| YCBD | -51.8% | 122.5% | -0.19 | - |
| Sector ETF (XLV) | 9.9% | 16.5% | 0.49 | 10.9% |
| Equity (SPY) | 15.7% | 17.9% | 0.75 | 15.7% |
| Gold (GLD) | 13.0% | 16.0% | 0.67 | 3.5% |
| Commodities (DBC) | 7.8% | 17.9% | 0.35 | 6.7% |
| Real Estate (VNQ) | 5.5% | 20.7% | 0.23 | 15.0% |
| Bitcoin (BTCUSD) | 67.2% | 66.9% | 1.06 | 7.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/25/2025 | -3.4% | 10.1% | 145.0% |
| 8/12/2021 | -6.3% | -8.6% | -2.3% |
| 5/12/2021 | -21.8% | -14.5% | -1.2% |
| 10/14/2020 | 0.0% | 3.1% | 14.5% |
| 8/4/2020 | 2.4% | 18.3% | -27.3% |
| SUMMARY STATS | |||
| # Positive | 2 | 3 | 2 |
| # Negative | 3 | 2 | 3 |
| Median Positive | 1.2% | 10.1% | 79.7% |
| Median Negative | -6.3% | -11.5% | -2.3% |
| Max Positive | 2.4% | 18.3% | 145.0% |
| Max Negative | -21.8% | -14.5% | -27.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/14/2026 | 10-Q |
| 12/31/2025 | 02/17/2026 | 10-Q |
| 09/30/2025 | 12/19/2025 | 10-K |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 02/13/2025 | 10-Q |
| 09/30/2024 | 12/18/2024 | 10-K |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 02/13/2024 | 10-Q |
| 09/30/2023 | 12/22/2023 | 10-K |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 02/13/2023 | 10-Q |
| 09/30/2022 | 12/15/2022 | 10-K |
| 06/30/2022 | 08/11/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 11/25/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Revenue | 4.70 Mil | 4.80 Mil | 4.90 Mil | Higher New | |||
| 2025 Revenue | 19.10 Mil | 19.20 Mil | 19.30 Mil | Higher New | |||
| 2025 Net Loss | 1.90 Mil | 2.00 Mil | 2.10 Mil | -45.9% | Lower New | Actual: 3.70 Mil for 2024 | |
Prior: Q3 2021 Earnings Reported 8/12/2021
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2022 Revenue | 14.90 Mil | 15.20 Mil | 15.50 Mil | -4.3% | Lowered | Guidance: 15.88 Mil for Q1 2022 | |
| Q1 2022 Revenue Growth | 20.0% | 22.5% | 25.0% | ||||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Crosnoe, Clark R | CRC Investment Fund LP | Sell | 12182025 | 2.31 | 461,725 | 1,068,247 | 836,135 | Form | |
| 2 | Crosnoe, Clark R | NM 2018 Trust | Sell | 12182025 | 2.34 | 69,875 | 163,815 | 133,338 | Form | |
| 3 | Crosnoe, Clark R | AMC Legacy Trust | Sell | 12182025 | 2.34 | 19,101 | 44,780 | 41,906 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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