Filing Flows › Crimson Wine Group (CWGL) › Q3 2026
Crimson Wine Group (CWGL) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Crimson Wine Group (CWGL) reported revenue of $22.0M for the third quarter 2026 (Q3 2026), +65% from a year earlier and +7% from the quarter before. Operating margin was -0.6%, net loss $292K (1.3% of revenue).
Crimson Wine Group, Q3 2026: revenue $22.0M (+65% year over year), operating margin -0.6%, net loss $292K, operating cash flow $4.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.0M | +7% | +65% |
| Operating profit | −$127K | -453% | — |
| Net earnings | −$292K | — | -131% |
| Operating cash flow | $4.6M | -26% | +86% |
| Free cash flow | $2.9M | -47% | +163% |
What changed
Revenue was $22.0M in Q3 2026, up 65% year over year and up 7% from the previous quarter.
Gross margin was 44.1%, down 3.2 points from Q3 2025. Operating costs exceeded revenue by $127K, an operating margin of -0.6%. Operating expenses grew 32% against revenue growth of 65%. The fastest-growing cost line was Sales & marketing (+36%). The quarter ended with a net loss of $292K, narrower than the previous quarter's $346K loss. Net interest and other expense of $289K was the main reason.
Operating cash flow was $4.6M (up 86% 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 $3.0M. Capital expenditures of $1.7M left free cash flow of $2.9M.
Questions
What was Crimson Wine Group's revenue in the third quarter 2026?
Crimson Wine Group (CWGL) reported revenue of $22.0M for the third quarter 2026 (Q3 2026), +65% from a year earlier and +7% from the quarter before.
Was Crimson Wine Group profitable in the third quarter 2026?
Operating loss was $127K (-0.6% of revenue) and net loss $292K.
Source: Crimson Wine Group 10-Q on SEC EDGAR.