Filing Flows › Crimson Wine Group (CWGL) › Q1 2026
Crimson Wine Group (CWGL) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Crimson Wine Group (CWGL) reported revenue of $18.3M for the first quarter 2026 (Q1 2026), +26% from a year earlier and -10% from the quarter before. Operating margin was -3.2%, net loss $630K (3.4% of revenue).
Crimson Wine Group, Q1 2026: revenue $18.3M (+26% year over year), operating margin -3.2%, net loss $630K, operating cash flow $2.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $18.3M | -10% | +26% |
| Operating profit | −$579K | — | — |
| Net earnings | −$630K | -185% | — |
| Operating cash flow | $2.4M | — | 21× |
| Free cash flow | $1.8M | — | — |
What changed
Revenue was $18.3M in Q1 2026, up 26% year over year and down 10% from the previous quarter.
Gross margin was 43.3%, down 2.6 points from Q1 2025. Operating costs exceeded revenue by $579K, an operating margin of -3.2%. Operating expenses grew 4% against revenue growth of 26%. The fastest-growing cost line was General & admin (+11%). The quarter ended with a net loss of $630K, after a profit of $737K the previous quarter.
Operating cash flow was $2.4M (up 1986% year over year). Non-cash charges added back $1.9M of depreciation and amortization and $17K of share-based compensation. Working capital and other items added $1.1M. Capital expenditures of $536K left free cash flow of $1.8M.
Questions
What was Crimson Wine Group's revenue in the first quarter 2026?
Crimson Wine Group (CWGL) reported revenue of $18.3M for the first quarter 2026 (Q1 2026), +26% from a year earlier and -10% from the quarter before.
Was Crimson Wine Group profitable in the first quarter 2026?
Operating loss was $579K (-3.2% of revenue) and net loss $630K.
Source: Crimson Wine Group 10-Q on SEC EDGAR.