Crimson Wine Group (CWGL) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed Nov 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CWGL SEC filings page.
Crimson Wine Group Ltd (CWGL) reported $81.0M in revenue over the twelve months to Sep 30, 2026, up 19.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Crimson Wine’s 2025 numbers show gross margin holding up, while falling sales leave overhead and working capital absorbing the economics.
Gross margin was47.2% , only 0.8 percentage points below FY2024. Yet operating margin fell into negative territory as SG&A consumed49.3% of revenue, showing overhead—not production cost—was the main pressure.
Net income of
Inventory reached
Financial Health Signals
We do not publish a peer-relative financial health score for Crimson Wine Group Ltd, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Crimson Wine Group Ltd scores 1.87, placing it in the grey zone between 1.81 and 2.99. The largest contribution to the score comes from a market capitalization of $80.2M against total liabilities of $28.7M. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Crimson Wine Group Ltd passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Crimson Wine Group Ltd generates $2.31 in operating cash flow ($1.4M OCF vs $613K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Crimson Wine Group Ltd reported an operating loss of $3.7M against $741K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Crimson Wine Group Ltd generated $22.0M in revenue in Q3 2026. This represents an increase of 64.9% from the same quarter a year earlier. Against the prior quarter it is up 7.3%.
Crimson Wine Group Ltd's EBITDA was $1.5M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 164.1% from the same quarter a year earlier. Against the prior quarter it is down 10.2%.
Crimson Wine Group Ltd reported a net loss of $292K in Q3 2026. This represents a decrease of 131.0% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
Crimson Wine Group Ltd generated $2.9M in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 163.4% from the same quarter a year earlier. Against the prior quarter it is down 46.6%.
Crimson Wine Group Ltd held $11.5M in cash against $32.4M in long-term debt as of Q3 2026.
Not reported for Q3 2026.
Margins & Returns
Crimson Wine Group Ltd's gross margin was 44.0% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is down 3.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.9 percentage points.
Crimson Wine Group Ltd's operating margin was -0.6% in Q3 2026, reflecting core business profitability. This is up 8.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.8 percentage points.
Crimson Wine Group Ltd's net profit margin was -1.3% in Q3 2026, showing the share of revenue converted to profit. This is down 8.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.
Crimson Wine Group Ltd's quarterly ROE was -0.2% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is down 0.7 percentage points from the same quarter a year earlier. It is unchanged from the prior quarter.
Capital Allocation
Crimson Wine Group Ltd repurchased no shares in Q3 2026. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Crimson Wine Group Ltd invested $1.7M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 23.0% from the same quarter a year earlier. Against the prior quarter it is up 117.4%.
Not reported for Q3 2026.
CWGL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $22.0M+64.9% | $20.5M+20.4% | $18.3M+26.3% | $20.3M-11.3% | $13.3M-21.3% | $17.0M-1.4% | $14.5M-9.2% | $22.9M+6.8% |
| Cost of Revenue | $12.3M+74.9% | $11.9M+28.1% | $10.4M+32.5% | $10.3M-17.3% | $7.0M-20.2% | $9.3M+9.4% | $7.8M-5.1% | $12.4M+6.2% |
| Gross Profit | $9.7M+53.9% | $8.6M+11.2% | $7.9M+19.0% | $10.0M-4.2% | $6.3M-22.4% | $7.8M-11.8% | $6.6M-13.6% | $10.5M+7.6% |
| SG&A Expenses | $9.8M+31.6% | $8.5M+4.5% | $8.5M+3.7% | $8.3M-2.6% | $7.5M-11.3% | $8.2M-6.0% | $8.2M-4.6% | $8.5M+9.2% |
| Operating Income | -$127Kn/m | $36Kn/m | -$579Kn/m | -$589K-138.7% | -$1.2Mn/m | -$443Kn/m | -$1.5Mn/m | $1.5M-21.6% |
| EBITDA | $1.5M+164.1% | $1.7M+28.8% | $1.0M+443.8% | $1.1M-67.7% | $562K-60.7% | $1.3M-23.3% | $192K-69.3% | $3.4M-2.9% |
| Interest Expense | $387K+72.0% | $546K+780.6% | $456K+100.9% | $227K-4.6% | $225K-3.8% | $62K-10.1% | $227K-5.4% | $238K-6.3% |
| Income Tax | -$124K-129.1% | -$115Kn/m | -$234Kn/m | $301K-33.1% | $426K+3450.0% | -$108K-311.8% | -$356Kn/m | $450K-19.9% |
| Net Income | -$292K-131.0% | -$346Kn/m | -$630Kn/m | $737K-44.1% | $943K+2381.6% | -$131K-202.3% | -$936Kn/m | $1.3M-10.8% |
| EPS (Basic) | -$0.01 | -$0.02n/m | -$0.03n/m | $0.04-33.3% | $0.05n/m | -$0.01-200.0% | -$0.05n/m | $0.06-14.3% |
| EPS (Diluted) | -$0.01 | -$0.02n/m | -$0.03n/m | $0.04-33.3% | $0.05n/m | -$0.01-200.0% | -$0.05n/m | $0.06-14.3% |
| Diluted Shares (Avg) | 21M | 21M0.0% | 21M-0.1% | N/A | 21M-0.8% | 21M-1.1% | 21M-1.5% | N/A |
Not reported in any period shown, so not listed: R&D Expenses.
CWGL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $244.3M+12.0% | $235.8M+11.2% | $243.1M+15.0% | $215.5M-1.2% | $218.0M-1.6% | $212.0M-1.3% | $211.5M-1.4% | $218.2M-1.8% |
| Current Assets | $130.0M+29.2% | $121.2M+28.7% | $127.6M+37.1% | $109.2M+11.5% | $100.7M+0.5% | $94.2M+1.4% | $93.1M+0.5% | $98.0M-0.7% |
| Cash & Equivalents | $11.5M-51.1% | $11.8M-46.7% | $14.3M+13.2% | $20.6M-2.1% | $23.6M-3.2% | $22.2M+31.7% | $12.7M-44.0% | $21.0M-7.7% |
| Short-Term Investments | $0n/m | $0-100.0% | $0-100.0% | $0n/m | $0-100.0% | $500K-95.4% | $11.2M+308.0% | $0n/m |
| Inventory | $95.2M+38.0% | $88.3M+43.6% | $91.3M+47.1% | $67.0M+7.8% | $68.9M+6.2% | $61.5M+7.1% | $62.0M+6.7% | $62.1M+6.9% |
| Accounts Receivable | $13.3M+114.1% | $12.3M+40.5% | $12.2M+131.6% | $12.1M+29.6% | $6.2M-10.9% | $8.7M+48.1% | $5.3M-24.0% | $9.4M+21.9% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | N/A | N/A | N/A | $0-100.0% | $1.3M0.0% | $1.3M0.0% | $1.3M0.0% | $1.3M0.0% |
| Total Liabilities | $58.7M+83.4% | $50.0M+85.4% | $56.9M+116.4% | $28.7M-9.1% | $32.0M-11.2% | $27.0M-4.7% | $26.3M-5.3% | $31.6M-6.9% |
| Current Liabilities | $23.7M+63.0% | $11.5M+19.9% | $11.1M+29.3% | $11.3M-13.7% | $14.5M-18.1% | $9.6M-1.3% | $8.6M-5.1% | $13.1M-10.2% |
| Non-Current Liabilities | $35.0M+100.3% | $38.4M+121.6% | $45.8M+158.4% | $17.4M-5.9% | $17.5M-4.4% | $17.3M-6.5% | $17.7M-5.5% | $18.4M-4.4% |
| Long-Term Debt | $32.4M+122.7% | $35.7M+140.6% | $43.0M+184.2% | $14.3M-7.3% | $14.6M-7.2% | $14.8M-7.1% | $15.1M-6.9% | $15.4M-6.8% |
| Total Equity | $185.6M-0.2% | $185.8M+0.4% | $186.2M+0.5% | $186.8M+0.1% | $186.0M+0.2% | $185.0M-0.8% | $185.2M-0.8% | $186.6M-0.8% |
| Retained Earnings | -$93.3Mn/m | -$93.0Mn/m | -$92.6Mn/m | -$92.0Mn/m | -$92.7Mn/m | -$93.7Mn/m | -$93.5Mn/m | -$92.3Mn/m |
CWGL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.6M+85.9% | $6.3M+1063.3% | $2.4M+1985.8% | -$1.7M-845.5% | $2.5M+64.3% | $540K-88.2% | $113Kn/m | $231K-92.9% |
| Depreciation & Amortization | $1.6M-6.2% | $1.6M-6.3% | $1.6M-6.3% | $1.7M-11.1% | $1.7M-0.7% | $1.7M+0.5% | $1.7M+0.1% | $1.9M+19.9% |
| Stock-Based Compensation | $17K-39.3% | $17K-34.6% | $17K-39.3% | N/A | $28Kn/m | $26K-81.6% | $28K-78.5% | N/A |
| Capital Expenditures | $1.7M+23.0% | $776K-44.6% | $536K+186.6% | $961K-12.2% | $1.4M-40.6% | $1.4M-6.5% | $187K-60.0% | $1.1M-31.0% |
| Free Cash Flow | $2.9M+163.4% | $5.5Mn/m | $1.8Mn/m | -$2.7Mn/m | $1.1Mn/m | -$861K-127.9% | -$74Kn/m | -$864K-151.3% |
| Investing Cash Flow | -$1.7Mn/m | -$1.5M-116.0% | -$37.3Mn/m | -$966Kn/m | -$857K-112.8% | $9.3Mn/m | -$7.8M-262.8% | -$2.8M-297.4% |
| Financing Cash Flow | -$3.3Mn/m | -$7.3Mn/m | $28.7Mn/m | -$285Kn/m | -$266Kn/m | -$309Kn/m | -$631Kn/m | -$739Kn/m |
| Share Buybacks | $0 | $0-100.0% | $0-100.0% | $0-100.0% | N/A | $24K-94.3% | $346K-66.8% | $454K-51.5% |
Not reported in any period shown, so not listed: Dividends Paid.
CWGL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.0%-3.2pp | 42.1%-3.5pp | 43.3%-2.6pp | 49.4%+3.7pp | 47.2%-0.7pp | 45.6%-5.4pp | 46.0%-2.3pp | 45.7%+0.3pp |
| Operating Margin | -0.6%+8.1pp | 0.2%+2.8pp | -3.2%+7.5pp | -2.9%-9.5pp | -8.7%-6.9pp | -2.6%-2.3pp | -10.7%-3.7pp | 6.6%-2.4pp |
| Net Margin | -1.3%-8.4pp | -1.7%-0.9pp | -3.5%+3.0pp | 3.6%-2.1pp | 7.1%+6.9pp | -0.8%-1.5pp | -6.5%-2.5pp | 5.8%-1.1pp |
| Return on Equity | -0.2%-0.7pp | -0.2%-0.1pp | -0.3%+0.2pp | 0.4%-0.3pp | 0.5%+0.5pp | -0.1%-0.1pp | -0.5%-0.2pp | 0.7%-0.1pp |
| Return on Assets | -0.1%-0.5pp | -0.1%-0.1pp | -0.3%+0.2pp | 0.3%-0.3pp | 0.4%+0.4pp | -0.1%-0.1pp | -0.4%-0.1pp | 0.6%-0.1pp |
| Current Ratio | 5.50-1.4x | 10.53+0.7x | 11.54+0.7x | 9.62+2.2x | 6.93+1.3x | 9.80+0.3x | 10.88+0.6x | 7.45+0.7x |
| Debt-to-Equity | 0.17+0.1x | 0.19+0.1x | 0.23+0.1x | 0.080.0x | 0.080.0x | 0.080.0x | 0.080.0x | 0.080.0x |
| Liabilities-to-Equity | 0.32+0.1x | 0.27+0.1x | 0.31+0.2x | 0.150.0x | 0.170.0x | 0.150.0x | 0.140.0x | 0.170.0x |
| Asset Turnover | 0.090.0x | 0.090.0x | 0.080.0x | 0.090.0x | 0.060.0x | 0.080.0x | 0.070.0x | 0.110.0x |
| FCF Margin | 13.4%+5.0pp | 26.9%+31.9pp | 10.0%+10.5pp | -13.2%-9.4pp | 8.4%+13.1pp | -5.1%-23.0pp | -0.5%+25.4pp | -3.8%-11.6pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Crimson Wine Group Ltd CWGL | FY2025 | $65.1M | $613K | 0.9% | $80.2M | — |
| MDwerks Inc MDWK | FY2025 | $2.2M | -$3.8M | N/A | $19.3M | — |
Where Crimson Wine Group Ltd Ranks
Frequently Asked Questions
Crimson Wine Group Ltd (CWGL) reported $65.1M in total revenue for fiscal year 2025. This represents a -10.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Crimson Wine Group Ltd (CWGL) revenue declined by 10.8% year-over-year, from $73.0M to $65.1M in fiscal year 2025.
No, Crimson Wine Group Ltd (CWGL) reported a net loss of $531K over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net income of $613K, with a net profit margin of 0.9%.
Crimson Wine Group Ltd (CWGL) had EBITDA of $3.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2025, Crimson Wine Group Ltd (CWGL) had $20.6M in cash and equivalents against $14.3M in long-term debt.
Crimson Wine Group Ltd (CWGL) had a gross margin of 47.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
Crimson Wine Group Ltd (CWGL) had an operating margin of -5.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
Crimson Wine Group Ltd (CWGL) had a net profit margin of 0.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Crimson Wine Group Ltd (CWGL) has a return on equity of 0.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Crimson Wine Group Ltd (CWGL) recorded an outflow of $2.5M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
Crimson Wine Group Ltd (CWGL) generated $1.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
Crimson Wine Group Ltd (CWGL) had $215.5M in total assets as of fiscal year 2025, including both current and long-term assets.
Crimson Wine Group Ltd (CWGL) invested $3.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Crimson Wine Group Ltd (CWGL) had a current ratio of 9.62 as of fiscal year 2025, which is generally considered healthy.
Crimson Wine Group Ltd (CWGL) had a debt-to-equity ratio of 0.08 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
Crimson Wine Group Ltd (CWGL) had a liabilities-to-equity ratio of 0.15 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
Crimson Wine Group Ltd (CWGL) had a return on assets of 0.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Crimson Wine Group Ltd (CWGL) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to September 30, 2026). The market capitalization is $80.2M as of Nov 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Crimson Wine Group Ltd (CWGL) trades at 1.0x sales, its market capitalization divided by $81.0M revenue, trailing 12 months to September 30, 2026. The market capitalization is $80.2M as of Nov 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Crimson Wine Group Ltd (CWGL) has an Altman Z-Score of 1.87, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
Crimson Wine Group Ltd (CWGL) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Crimson Wine Group Ltd (CWGL) has an earnings quality ratio of 2.31x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Crimson Wine Group Ltd (CWGL) reported an operating loss of $3.7M against $741K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.