WINMARK CORPWINAEarnings & Financial Report
Winmark Corporation is an American franchisor of five retail businesses that specialize in buying and selling used goods. The company is based in Minneapolis, Minnesota. Winmark was founded in 1988 as Play It Again Sports Franchise Corporation by Ron Olson and Jeffrey Dahlberg after they purchased the Play It Again Sports franchise rights from Martha Morris. They renamed the company to Grow Biz International Inc. in June 1993. Grow Biz went public in August 1993. In 2000, John Morgan replaced...
WINA Q3 2025 Key Financial Metrics
Revenue
$22.6M
Gross Profit
N/A
Operating Profit
$14.9M
Net Profit
$11.1M
Gross Margin
N/A
Operating Margin
65.9%
Net Margin
49.2%
YoY Growth
5.2%
EPS
$3.02
Financial Flow
WINMARK CORP Q3 2025 Financial Summary
WINMARK CORP reported revenue of $22.6M for Q3 2025, with a net profit of $11.1M (49.2% margin). Cost of goods sold was N/A, operating expenses totaled N/A.
Key Financial Metrics
| Total Revenue | $22.6M |
|---|---|
| Net Profit | $11.1M |
| Gross Margin | N/A |
| Operating Margin | 65.9% |
| Report Period | Q3 2025 |
WINMARK CORP Annual Revenue by Year
WINMARK CORP annual revenue history includes year-by-year totals (for example, 2024 revenue was $81.3M).
| Year | Annual Revenue |
|---|---|
| 2024 | $81.3M |
| 2022 | $81.4M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $20.0M | $20.1M | $20.1M | $21.5M | $19.5M | $21.9M | $20.4M | $22.6M |
| YoY Growth | -5.1% | N/A | -2.0% | -3.6% | -2.5% | 9.0% | 1.5% | 5.2% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $29.0M | $38.3M | $44.7M | $52.0M | $26.8M | $37.1M | $43.2M | $53.7M |
| Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | $-59.2M | $-52.6M | $-42.2M | $-33.7M | $-51.0M | $-45.9M | $-36.8M | $-26.3M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $13.4M | $8.2M | $12.1M | $8.5M | $15.1M | $9.0M | $12.3M |