Filing Flows › Crimson Wine Group (CWGL) › Q2 2025
Crimson Wine Group (CWGL) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Crimson Wine Group (CWGL) reported revenue of $17.0M for the second quarter 2025 (Q2 2025), -1% from a year earlier and +18% from the quarter before. Operating margin was -2.6%, net loss $131K (0.8% of revenue).
Crimson Wine Group, Q2 2025: revenue $17.0M (-1% year over year), operating margin -2.6%, net loss $131K, operating cash flow $540K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.0M | +18% | -1% |
| Operating profit | −$443K | — | — |
| Net earnings | −$131K | — | — |
| Operating cash flow | $540K | +378% | -88% |
What changed
Revenue was $17.0M in Q2 2025, down 1% year over year and up 18% from the previous quarter.
Gross margin was 45.6%, down 5.4 points from a year earlier. Operating costs exceeded revenue by $443K, an operating margin of -2.6%. Operating expenses fell 7% while revenue fell 1%. The quarter ended with a net loss of $131K, narrower than the previous quarter's $936K loss. Non-operating items added $204K, -85% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $540K (down 88% year over year). Non-cash charges added back $2.0M of depreciation and amortization and $26K of share-based compensation. Working capital and other items used $1.4M. Capital expenditures of $1.4M exceeded it, leaving free cash flow of −$861K.
Questions
What was Crimson Wine Group's revenue in the second quarter 2025?
Crimson Wine Group (CWGL) reported revenue of $17.0M for the second quarter 2025 (Q2 2025), -1% from a year earlier and +18% from the quarter before.
Was Crimson Wine Group profitable in the second quarter 2025?
Operating loss was $443K (-2.6% of revenue) and net loss $131K.
Source: Crimson Wine Group 10-Q on SEC EDGAR.