Filing Flows

Filing Flows › Companies › Winmark › Cash flow

Winmark cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$12.7M in Q3 2026 · $43.8M over twelve months

Operating cash flow$12.9M
Capital spending−$222K
Free cash flow+$12.7M
Cash / net income1.1×

Analysis

In Q3 2026, Winmark generated $12.9M of operating cash flow and spent $222K on capital projects, leaving free cash flow of $12.7M.

Over the twelve months to Sep 26, 2026, operating cash flow was $44.1M; the largest uses were dividends ($49.9M), buybacks ($8.1M), other investing ($2.3M); besides operations, cash came from shares issued ($4.7M); the cash balance fell by $11.8M.

Operating cash flow was $12.9M against net income of $11.8M — 1.1× profit, roughly in line with earnings. The largest differences: stock-based pay +$689K, receivables −$410K, income taxes payable +$381K.

Free cash flow

Winmark: free cash flow by quarterWinmark: free cash flow by quarter$8.5MQ4 2024$15.0MQ1 2025$9.0MQ2 2025$12.2MQ3 2025$8.5MQ4 2025$11.9MQ1 2026$10.7MQ2 2026$12.7MQ3 2026
Operating cash flow less capital spending.
Winmark: operating cash flow against capital spendingWinmark: operating cash flow against capital spendingOperating cash flowCapital spending$8.5M$0Q4 2024$15.1M$51KQ1 2025$9.0M$55KQ2 2025$12.3M$67KQ3 2025$8.5M$20KQ4 2025$11.9M$15KQ1 2026$10.7M$40KQ2 2026$12.9M$222KQ3 2026
Latest (Q3 2026): Operating cash flow $12.9M, Capital spending $222K.

Capital allocation, year by year

Winmark: where the cash came from (up) and went (down), by fiscal yearWinmark: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksDividendsFY2021: Operating cash flow $48.3MFY2021: Net borrowing $25.8MFY2021: Shares issued $8.3MFY2021: Capital spending −$75KFY2021: Buybacks −$44.2MFY2021: Dividends −$33.2M$82.4MFY2021FY2022: Operating cash flow $43.8MFY2022: Net borrowing $25.8MFY2022: Shares issued $4.8MFY2022: Asset sales $9KFY2022: Capital spending −$139KFY2022: Buybacks −$49.1MFY2022: Dividends −$19.3M$74.3MFY2022FY2023: Operating cash flow $44.0MFY2023: Net borrowing −$4.2MFY2023: Shares issued $4.0MFY2023: Capital spending −$384KFY2023: Dividends −$43.7M$48.0MFY2023FY2024: Operating cash flow $42.2MFY2024: Net borrowing −$9.2MFY2024: Shares issued $5.0MFY2024: Capital spending −$195KFY2024: Dividends −$38.9M$47.2MFY2024FY2025: Operating cash flow $44.9MFY2025: Shares issued $5.0MFY2025: Capital spending −$192KFY2025: Buybacks −$2.4MFY2025: Dividends −$49.1M$49.9MFY2025
Over these 5 years operating cash flow totalled $223M; the largest uses were dividends ($184M) and buybacks ($95.8M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$28.0M
Debtnone
Net cash$28.0M

Winmark funds itself: free cash flow was $43.8M over the last twelve months, with $28.0M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Winmark: sources (+) and uses (−) of cash, Q3 2026Winmark: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$12.9MBuybacks−$8.1MDividends−$3.7MCash drawn (+) / kept (−)−$2.1MShares issued$1.2MCapital spending−$222KOther investing−$62KOther financing$8K
Winmark: sources (+) and uses (−) of cash, TTM to Q3 2026Winmark: sources (+) and uses (−) of cash, TTM to Q3 2026Dividends−$49.9MOperating cash flow$44.1MCash drawn (+) / kept (−)$11.8MBuybacks−$8.1MShares issued$4.7MOther investing−$2.3MCapital spending−$296K

From profit to cash

Winmark: net income to operating cash flow, Q3 2026Winmark: net income to operating cash flow, Q3 2026Net income$11.8MDepreciation & amortization$182KStock-based pay$689KReceivables−$410KInventory−$132KPayables−$288KAccrued liabilities$26KDeferred revenue$28KPrepaid and other assets−$2KIncome taxes payable$381KOperating cash flow$12.9M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$12.9M−$222K−$8.1M−$3.7M—$1.2M−$2.1M$12.7M
Q2 2026$10.7M−$40K—−$3.7M—$1.2M−$6.1M$10.7M
Q1 2026$11.9M−$15K—−$3.4M—$1.0M−$9.5M$11.9M
Q4 2025$8.5M−$20K—−$39.1M—$1.2M$29.4M$8.5M
Q3 2025$12.3M−$67K—−$3.4M—$2.2M−$10.9M$12.2M
Q2 2025$9.0M−$55K−$169K−$3.4M—$1.5M−$7.0M$9.0M
Q1 2025$15.1M−$51K−$2.2M−$3.2M—$48K−$9.6M$15.0M
Q4 2024$8.5M——−$29.7M−$6.0M$2.3M$25.0M$8.5M

Winmark: income statement and cash flow

Winmark, Q3 2026: revenue $27.9M (+23% year over year), operating margin 56.6%. The chart follows the revenue to costs, profit and cash.

Winmark: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.