cbdMD, Inc.
YCBD Healthcare Drug Manufacturers Specialty & Generic
cbdMD, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $19.2 million, down 1.50% from fiscal 2024. In the quarter to June 2026, revenue grew 20.6%, EPS grew 47.6% and free cash flow grew 34.8%, each against the same quarter a year earlier.
Follow YCBD
cbdMD, Inc. (YCBD) Piotroski F-score
cbdMD, Inc.'s Piotroski F-score for fiscal 2025 is 6 out of 9: 6 of nine tests of profitability, leverage and efficiency passed, up from 4 in fiscal 2024.
Piotroski F-score, annual
Embed this chart
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 6 | 2.00 |
| FY2024 | 4 | 1.00 |
| FY2023 | 3 | 1.00 |
| FY2022 | 2 | (2.00) |
| FY2021 | 4 | 1.00 |
| FY2020 | 3 | 1.00 |
| FY2019 | 2 | (2.00) |
| FY2018 | 4 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (41.67%) | (57.54%) | Fail | 0 |
| Positive operating cash flow | (1.45m) | (352.80k) | Fail | 0 |
| Rising return on assets | (41.67%) | (57.54%) | Pass | 1 |
| Cash flow above net income | 2.92m | 7.35m | Pass | 1 |
| Falling long-term leverage | 0.00 | 0.00 | Pass | 1 |
| Rising current ratio | 2.05 | 0.74 | Pass | 1 |
| No new shares issued | 4,022,600 | 539,100 | Fail | 0 |
| Rising gross margin | 62.37% | 61.57% | Pass | 1 |
| Rising asset turnover | 1.83 | 1.46 | Pass | 1 |
| Piotroski F-score | Mixed | 6 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| YCBD cbdMD, Inc. | 6 |
| INM InMed Pharmaceuticals Inc. compare | 5 |
| GELS Gelteq Limited compare | 4 |
| RDHL Redhill Biopharma Ltd. compare | 3 |
| SNOA Sonoma Pharmaceuticals, Inc. compare | 3 |
| BTAIQ BioXcel Therapeutics, Inc. compare | 2 |
| AKAN Akanda Corp. compare | 1 |
| APUS Apimeds Pharmaceuticals US, Inc. compare | — |
| PRFX PainReform Ltd. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover