WINAWinmark Corporation

$2B

Q3 2025 Earnings

Consumer Cyclical Apparel - Footwear & Accessories

Income Statement

Revenue

$23M+5.2% YoY

Gross Profit

$22M97.1% margin

Operating Income

$15M65.9% margin

Net Income

$11M49.2% margin

EPS (Diluted)

$3.02

QoQ Revenue Growth

+10.9%

Cash Flow

Operating Cash Flow

$12M

Free Cash Flow

$12M

Stock-Based Comp.

$601,300

Balance Sheet

Total Assets

$54M

Total Liabilities

$80M

Stockholders' Equity

-$26M

Cash & Equivalents

$40M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$23M	$22M	+5.2%
Gross Profit	$22M	$21M	+5.4%
Operating Income	$15M	$15M	-0.0%
Net Income	$11M	$11M	+0.1%

Revenue Segments

Royalty

$21M93%

Product

$693,6003%

Product and Service, Other

$563,8002%

Franchise

$417,6002%

WINA Q3 2025 Earnings — Winmark Corporation Revenue & Financial Results | Market Cap Arena