Filing Flows › Winmark (WINA) › Q1 2025
Winmark (WINA) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 16, 2025
Winmark (WINA) reported revenue of $21.9M for the first quarter 2025 (Q1 2025), +9% from a year earlier and +12% from the quarter before. Operating margin was 62.0%, net earnings $10.0M (45.4% of revenue).
Winmark, Q1 2025: revenue $21.9M (+9% year over year), operating margin 62.0%, net earnings $10.0M, operating cash flow $15.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.9M | +12% | +9% |
| Operating profit | $13.6M | +7% | +11% |
| Net earnings | $10.0M | +4% | +13% |
| Operating cash flow | $15.1M | +78% | +13% |
| Free cash flow | $15.0M | +78% | +13% |
What changed
Revenue was $21.9M in Q1 2025, up 9% year over year and up 12% from the previous quarter.
Operating profit was $13.6M, a 62.0% margin (up 1.3 points year over year). Of the extra revenue versus a year earlier, 76% reached operating profit, above the 61% margin then. Total costs grew 5% against revenue growth of 9%. Net earnings were $10.0M, up 13% year over year. The effective tax rate was 24.2%.
Operating cash flow was $15.1M (up 13% year over year), 151% of net earnings. Non-cash charges added back $186K of depreciation and amortization and $537K of share-based compensation. Working capital and other items added $4.4M. Capital expenditures of $51K left free cash flow of $15.0M.
Questions
What was Winmark's revenue in the first quarter 2025?
Winmark (WINA) reported revenue of $21.9M for the first quarter 2025 (Q1 2025), +9% from a year earlier and +12% from the quarter before.
Was Winmark profitable in the first quarter 2025?
Operating profit was $13.6M (62.0% of revenue) and net earnings $10.0M.
Source: Winmark 10-Q on SEC EDGAR.