Filing Flows › Winmark (WINA) › Q2 2026
Winmark (WINA) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 15, 2026
Winmark (WINA) reported revenue of $22.0M for the second quarter 2026 (Q2 2026), +8% from a year earlier and +5% from the quarter before. Operating margin was 62.1%, net earnings $10.4M (47.3% of revenue).
Winmark, Q2 2026: revenue $22.0M (+8% year over year), operating margin 62.1%, net earnings $10.4M, operating cash flow $10.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.0M | +5% | +8% |
| Operating profit | $13.6M | +10% | +4% |
| Net earnings | $10.4M | +12% | -2% |
| Operating cash flow | $10.7M | -10% | +19% |
| Free cash flow | $10.7M | -10% | +19% |
What changed
Revenue was $22.0M in Q2 2026, up 8% year over year and up 5% from the previous quarter. Royalties was the largest line at 92% of revenue. Royalties added $1.5M year over year (up 8%), 94% of the total change.
Operating profit was $13.6M, a 62.1% margin (down 1.9 points year over year). Of the extra revenue versus Q2 2025, 37% reached operating profit, below the 64% margin then. Total costs grew 13% against revenue growth of 8%. The fastest-growing cost line was SG&A (+14%). Net earnings were $10.4M, down 2% year over year. The effective tax rate was 21.2%.
Operating cash flow was $10.7M (up 19% year over year), 103% of net earnings. Non-cash charges added back $181K of depreciation and amortization and $614K of share-based compensation. Capital expenditures of $40K left free cash flow of $10.7M.
Questions
What was Winmark's revenue in the second quarter 2026?
Winmark (WINA) reported revenue of $22.0M for the second quarter 2026 (Q2 2026), +8% from a year earlier and +5% from the quarter before.
Was Winmark profitable in the second quarter 2026?
Operating profit was $13.6M (62.1% of revenue) and net earnings $10.4M.
Source: Winmark 10-Q on SEC EDGAR.