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Willamette Valley Vineyards (WVVI) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 12, 2026 · Willamette Valley Vineyards (WVVI) Q2 2026 earnings results →
Q2 2026 Revenue down 2% year over year to $10.0M · 14¢ of every $1 of revenue lost · operating margin -13.5%
Willamette Valley Vineyards made $10.0M in Q2 2026 (-2% Y/Y): Direct Sales $5.2M, Distributor Sales $4.8M. Operating margin -13.5%, net loss $1.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 12, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $10.0M in Q2 2026, down 2% year over year and up 22% from the previous quarter. Direct Sales was the largest line at 52% of revenue. Direct Sales lost $262K year over year (down 5%), 165% of the total change.
Gross margin was 57.5%, down 3.4 points from Q2 2025. Operating costs exceeded revenue by $1.4M, an operating margin of -13.5%. Operating expenses grew 23% against a revenue fall of 2%. The fastest-growing cost line was SG&A (+66%). The quarter ended with a net loss of $1.4M, wider than the previous quarter's $565K loss.
Operating cash flow was $2.0M (up 49% year over year). Non-cash charges added back $800K of depreciation and amortization and $21K of share-based compensation. Working capital and other items added $2.5M. Capital expenditures of $29K left free cash flow of $1.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 12, 2026 | $10.0M | -2% | -13.5% | −$1.4M | $2.0M |
| Q1 2026 | 10-Q | May 13, 2026 | $8.3M | +10% | -8.2% | −$565K | $795K |
| Q4 2025 | 10-K | Mar 24, 2026 | $11.1M | -2% | 2.2% | $811K | −$345K |
| Q3 2025 | 10-Q | Nov 13, 2025 | $8.4M | -11% | -14.5% | −$1.1M | −$1.4M |
| Q2 2025 | 10-Q | Aug 12, 2025 | $10.2M | -1% | 3.9% | $93K | $1.3M |
| Q1 2025 | 10-Q | May 13, 2025 | $7.5M | -14% | -11.5% | −$729K | −$1.3M |
| Q4 2024 | 10-K | Mar 25, 2025 | $11.3M | +5% | 6.9% | $491K | −$1.1M |
Charts
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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📈Investments: gains and what it boughtinteractive
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About Willamette Valley Vineyards
Introduction – The Company was incorporated in May 1988 to produce and sell premium, super premium and ultra-premium varietals. The Company was originally established as a sole proprietorship by Oregon winegrower Jim Bernau in 1983. The Company is headquartered in Turner, Oregon, which is just south of the state capitol of Salem, Oregon. The Company’s wines are made from grapes grown in vineyards owned, leased or contracted by the Company, and from grapes purchased from other vineyards. The grapes are harvested, fermented and made into wine primarily at the Company’s winery in Turner, Oregon (the “Estate Winery” or “Winery”) and the wines are sold principally under the Company’s Willamette Valley Vineyards label, but also under the Domaine Willamette, Griffin Creek, Tualatin Estate, Pambrun, Maison Bleue, Natoma, Metis, Pere Ami and Elton labels.
In its own words, from its 10-K, filed Mar 24, 2026.
Willamette Valley Vineyards against its Beverages peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -2% against the peers' median +6%. Operating margin: -13.5% against the peers' median 18.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| WVVI Willamette Valley Vineyards | Q2 2026 | $10.0M | -2% | -13.5% |
| PEP PepsiCo | Q3 2026 | $25.3B | +6% | 16.9% |
| KO Coca Cola | Q3 2026 | $13.4B | +7% | 33.4% |
| KDP Keurig Dr Pepper | Q3 2026 | $7.3B | +71% | 18.2% |
| STZ Constellation Brands | Q2 FY27 | $2.8B | +6% | 28.6% |
| PRMB Primo Brands | Q3 2026 | $1.8B | +3% | 13.7% |
| BF-B Brown Forman | Q1 FY27 | $1.2B | -0.8% | 21.3% |
| WEST Westrock Coffee | Q3 2026 | $300M | -15% | 1.1% |
| COCO Vita Coco Company | Q3 2026 | $244M | +34% | 18.6% |
Source: Willamette Valley Vineyards 10-Q on SEC EDGAR · CIK 838875 · Beverages
13F: who owns WVVI and who is buying
More on WVVI
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results
- Willamette Valley Vineyards gross margin by quarter
- Willamette Valley Vineyards operating margin by quarter
- Willamette Valley Vineyards net income by quarter
- Willamette Valley Vineyards free cash flow by quarter
- Willamette Valley Vineyards capital expenditures by quarter
- Willamette Valley Vineyards Direct Sales revenue by quarter
- Willamette Valley Vineyards Distributor Sales revenue by quarter