Filing Flows › Willamette Valley Vineyards (WVVI) › Q4 2025
Willamette Valley Vineyards (WVVI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 24, 2026
Willamette Valley Vineyards (WVVI) reported revenue of $11.1M for the fourth quarter 2025 (Q4 2025), -2% from a year earlier and +33% from the quarter before. Operating margin was 2.2%, net earnings $811K (7.3% of revenue).
Willamette Valley Vineyards, Q4 2025: revenue $11.1M (-2% year over year), operating margin 2.2%, net earnings $811K, operating cash flow −$345K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.1M | +33% | -2% |
| Gross profit | $6.5M | +30% | -2% |
| Operating profit | $249K | — | -68% |
| Net earnings | $811K | — | +65% |
| Operating cash flow | −$345K | — | — |
What changed
Revenue was $11.1M in Q4 2025, down 2% year over year and up 33% from the previous quarter. Direct Sales was the largest line at 52% of revenue.
Gross margin was 58.6%, down 0.3 points from Q4 2024. Operating profit was $249K, a 2.2% margin (down 4.6 points year over year). Operating expenses grew 7% against a revenue fall of 2%. Net earnings were $811K, up 65% year over year. The effective tax rate was 33.7%. Non-operating items added $1.0M, 80% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$345K. Non-cash charges added back $808K of depreciation and amortization and $36K of share-based compensation. Working capital and other items used $2.0M. Capital expenditures of $188K exceeded it, leaving free cash flow of −$532K.
Questions
What was Willamette Valley Vineyards' revenue in the fourth quarter 2025?
Willamette Valley Vineyards (WVVI) reported revenue of $11.1M for the fourth quarter 2025 (Q4 2025), -2% from a year earlier and +33% from the quarter before.
Was Willamette Valley Vineyards profitable in the fourth quarter 2025?
Operating profit was $249K (2.2% of revenue) and net earnings $811K.