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CV Sciences (CVSI) investor relations material
CV Sciences Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary13 Nov, 2025
Executive summary
Q3 2025 revenue was $3.3 million, down 16% year-over-year and 10% sequentially, mainly due to out-of-stock issues and restrictive regulation in some states.
Gross margin improved to 48.5% from 46% a year ago, reflecting strong cost control and improved product/channel mix.
Adjusted EBITDA loss was $118,000, compared to a $75,000 loss last year and a $59,000 profit in Q2.
Net loss for Q3 2025 was $0.4 million, improved from $0.5 million last year.
39% of Q3 2025 revenue came from products launched since January 2023, with 38 new products introduced.
Financial highlights
Q3 2025 net product sales: $3.3 million (down from $3.9 million in Q3 2024); gross margin: 48.5% (up from 46.0%).
SG&A expenses for Q3 2025 decreased to $1.8 million from $2.1 million year-over-year.
Net loss per share for Q3 2025 remained at $0.00.
Cash at quarter-end was $0.4 million, down from $0.5 million at year-end.
Cash used in operations for the nine months ended September 30, 2025 was $1.08 million.
Outlook and guidance
Management expects continued dependence on additional investment capital to fund operations and growth initiatives.
Strategic cost reductions, product innovation, and acquisition integration are ongoing to improve competitiveness and drive future growth.
New federal legislation effective November 2026 will prohibit sale of hemp-derived products with >0.4mg THC per container, potentially impacting future product offerings and revenue.
Full cost savings from insourcing manufacturing and acquisition synergies expected in 2026.
Plans to launch several new cannabinoid and non-cannabinoid products in early 2026.
Product strategy for 0.4mg THC limit
Expected 2026 cost savings from in-sourcing?
How to reverse Q3 revenue decline?
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Next CV Sciences earnings date
Q4 202527 Mar, 2026
Next CV Sciences earnings date
Q4 202527 Mar, 2026
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Frequently asked questions
CV Sciences Inc. is a life sciences company focused on developing and commercializing products derived from hemp-based cannabidiol (CBD). The company's offerings include consumer health products, such as dietary supplements and topical formulations, that promote wellness and support various health needs. CV Sciences operates through two primary segments: consumer products and drug development. The consumer products division produces CBD-based products under the PlusCBD brand, while the drug development segment is involved in researching CBD-based therapeutics. The company is headquartered in San Diego, California, and its shares are listed on the OTCQB.
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