Filing Flows › Crimson Wine Group (CWGL) › Q1 2025
Crimson Wine Group (CWGL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Crimson Wine Group (CWGL) reported revenue of $14.5M for the first quarter 2025 (Q1 2025), -9% from a year earlier and -37% from the quarter before. Operating margin was -10.7%, net loss $936K (6.5% of revenue).
Crimson Wine Group, Q1 2025: revenue $14.5M (-9% year over year), operating margin -10.7%, net loss $936K, operating cash flow $113K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.5M | -37% | -9% |
| Operating profit | −$1.5M | — | — |
| Net earnings | −$936K | — | — |
| Operating cash flow | $113K | -51% | — |
What changed
Revenue was $14.5M in Q1 2025, down 9% year over year and down 37% from the previous quarter.
Gross margin was 46.0%, down 2.3 points from a year earlier. Operating costs exceeded revenue by $1.5M, an operating margin of -10.7%. Operating expenses fell 7% while revenue fell 9%. The quarter ended with a net loss of $936K, after a profit of $1.3M the previous quarter.
Operating cash flow was $113K. Non-cash charges added back $2.1M of depreciation and amortization and $28K of share-based compensation. Working capital and other items used $1.0M. Capital expenditures of $187K exceeded it, leaving free cash flow of −$74K.
Questions
What was Crimson Wine Group's revenue in the first quarter 2025?
Crimson Wine Group (CWGL) reported revenue of $14.5M for the first quarter 2025 (Q1 2025), -9% from a year earlier and -37% from the quarter before.
Was Crimson Wine Group profitable in the first quarter 2025?
Operating loss was $1.5M (-10.7% of revenue) and net loss $936K.
Source: Crimson Wine Group 10-Q on SEC EDGAR.