Filing Flows › Willamette Valley Vineyards (WVVI) › Q1 2026
Willamette Valley Vineyards (WVVI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Willamette Valley Vineyards (WVVI) reported revenue of $8.3M for the first quarter 2026 (Q1 2026), +9% from a year earlier and -26% from the quarter before. Operating margin was -8.2%, net loss $565K (6.8% of revenue).
Willamette Valley Vineyards, Q1 2026: revenue $8.3M (+10% year over year), operating margin -8.2%, net loss $565K, operating cash flow $795K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.3M | -26% | +9% |
| Operating profit | −$678K | -372% | — |
| Net earnings | −$565K | -170% | — |
| Operating cash flow | $795K | — | — |
| Free cash flow | $745K | — | — |
What changed
Revenue was $8.3M in Q1 2026, up 9% year over year and down 26% from the previous quarter. Direct Sales was the largest line at 51% of revenue. Distributor Sales added $798K year over year (up 25%), 112% of the total change. Direct Sales declined 2%.
Gross margin was 60.9%, down 2.2 points from Q1 2025. Operating costs exceeded revenue by $678K, an operating margin of -8.2%. Operating expenses grew 1% against revenue growth of 9%. The quarter ended with a net loss of $565K, after a profit of $811K the previous quarter.
Operating cash flow was $795K. Non-cash charges added back $800K of depreciation and amortization and $21K of share-based compensation. Working capital and other items added $539K. Capital expenditures of $50K left free cash flow of $745K.
Questions
What was Willamette Valley Vineyards' revenue in the first quarter 2026?
Willamette Valley Vineyards (WVVI) reported revenue of $8.3M for the first quarter 2026 (Q1 2026), +9% from a year earlier and -26% from the quarter before.
Was Willamette Valley Vineyards profitable in the first quarter 2026?
Operating loss was $678K (-8.2% of revenue) and net loss $565K.