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...
Revenue
$20.1M
Gross Profit
N/A
Operating Profit
$13.0M
Net Profit
$10.4M
Gross Margin
N/A
Operating Margin
64.7%
Net Margin
51.8%
YoY Growth
-2.0%
EPS
$2.85
WINMARK CORP Q2 FY2024 Financial Summary
WINMARK CORP reported revenue of $20.1M (down 2.0% YoY) for Q2 FY2024, with a net profit of $10.4M (up 16.6% YoY) (51.8% margin).
Key Financial Metrics
| Total Revenue | $20.1M |
|---|---|
| Net Profit | $10.4M |
| Gross Margin | N/A |
| Operating Margin | 64.7% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
WINMARK CORP Q2 FY2024 revenue of $20.1M breaks down across 2 segments, led by Franchising at $19.6M (97.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Franchising | $19.6M | 97.4% |
| Other | $524.4K | 2.6% |
WINMARK CORP Revenue by Segment — Quarterly Trend
WINMARK CORP revenue by segment across the last 4 reported quarters, showing how each business line (such as Franchising and Other) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Franchising | $20.9M | $22.6M | $20.4M | $19.6M |
| Other | — | — | — | $2.3M |
WINMARK CORP Annual Revenue by Year
WINMARK CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $86.1M).
| Year | Annual Revenue |
|---|---|
| 2025 | $86.1M |
| 2024 | $81.3M |
| 2022 | $81.4M |
WINMARK CORP Quarterly Revenue & Net Profit History
WINMARK CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $21.1M | +7.9% | $10.0M | 47.2% |
| Q3 FY2025 | $22.6M | +5.2% | $11.1M | 49.2% |
| Q2 FY2025 | $20.4M | +1.5% | $10.6M | 51.9% |
| Q1 FY2025 | $21.9M | +9.0% | $10.0M | 45.4% |
| Q4 FY2024 | $19.5M | — | $9.6M | 49.0% |
| Q3 FY2024 | $21.5M | -3.6% | $11.1M | 51.7% |
| Q2 FY2024 | $20.1M | -2.0% | $10.4M | 51.8% |
| Q1 FY2024 | $20.1M | — | $8.8M | 43.9% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $20.1M | $20.1M | $21.5M | $19.5M | $21.9M | $20.4M | $22.6M | $21.1M |
| YoY Growth | N/A | -2.0% | -3.6% | N/A | 9.0% | 1.5% | 5.2% | 7.9% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $38.3M | $44.7M | $52.0M | $26.8M | $37.1M | $43.2M | $53.7M | $24.9M |
| Liabilities | $90.9M | $86.9M | $85.7M | $77.9M | $83.0M | $80.0M | $80.1M | $78.6M |
| Equity | $-52.6M | $-42.2M | $-33.7M | $-51.0M | $-45.9M | $-36.8M | $-26.3M | $-53.7M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $13.4M | $8.2M | $12.1M | $8.5M | $15.1M | $9.0M | $12.3M | $8.5M |