Willamette Valley Vineyards Posts Results for Q3 2025

Rhea-AI Summary

Willamette Valley Vineyards (NASDAQ:WVVI) reported Q3 2025 results with a net loss of $1,092,450 and loss per common share after preferred dividends of $0.33 for the three months ended September 30, 2025, compared with a $0.17 loss per share in Q3 2024. Sales fell 10.9% to $8.35 million and gross profit declined 13.8% to $5.00 million.

Total operating expenses rose to $6.22 million, and net loss increased 286.1% year-over-year. Management highlighted ongoing market changes and named Mike Osborn as CEO. The company filed Form 10-Q for further details.

Positive

• Income tax benefit of $444,696 in Q3 2025
• Weighted-average shares unchanged at 4,964,529

Negative

• Sales down 10.9% to $8.35M in Q3 2025
• Gross profit down 13.8% to $5.00M in Q3 2025
• Net loss increased 286.1% year-over-year to $1,092,450
• Loss per common share widened to $0.33 (Q3 2025) from $0.17

Insights

Senior Financial Analyst

Q3 2025 shows weaker sales, wider losses, and higher operating costs versus prior year.

The company reported $8,353,200 in sales for the three months ended September 30, 2025, down from $9,370,713 a year earlier, a decline of 10.9%. Gross profit fell to $5,003,972 from $5,808,114, a decrease of 13.8%, while total operating expenses rose to $6,217,499 from $5,944,620, driven by higher selling and marketing and G&A costs.

Net loss increased to $1,092,450 versus $282,945 in the prior-year quarter, and loss per common share after preferred dividends widened to $0.33 from $0.17. The nine-month results mirror the quarter: sales of $26,090,546 versus $28,506,151 and a year-to-date net loss of $1,728,636.

Key dependencies and risks are explicit: the top-line decline came from a reduction of $384,420 in direct sales and $633,093 in distributor sales for the quarter, and interest expense rose to $304,957 for the quarter. Management changes are noted with a new CEO, Mike Osborn, but no quantified impact is disclosed.

Concrete items to watch include the company’s Form 10-Q for detailed explanations of cost drivers and any restructuring or guidance, future quarterly sales broken out by channel to confirm whether direct or distributor trends reverse, and upcoming quarterly operating expense trajectories; monitor these across the next two quarters to assess whether the revenue decline and margin compression persist.

SALEM, Ore., Nov. 13, 2025 /PRNewswire/ -- Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) (the "Company"), a leading Oregon producer of Pinot Noir, generated a loss per common share after preferred dividends of $0.33 and $0.17 for the three months ended September 30, 2025 and 2024 respectively, an increase of $0.16, for the three month period ended September 30, 2025 over the same three month period in the prior year. 

Sales revenue for the three months ended September 30, 2025 and 2024 were $8,353,200 and $9,370,713, respectively, a decrease of $1,017,513, or 10.9%, in the current year period over the prior year period. This decrease was caused by a decrease in direct sales of $384,420, and a decrease in sales through distributors of $633,093 in the current year three-month period over the prior year period.

Gross profit for the three months ended September 30, 2025 and 2024 was $5,003,972 and $5,808,114, respectively, a decrease of $804,142, or 13.8%, in the third quarter of 2025 over the same quarter in the prior year.

Selling, general and administrative expenses for the three months ended September 30, 2025 and 2024 was $6,217,499 and $5,944,620 respectively, an increase of $272,879, or 4.6%, in the current quarter over the same quarter in the prior year. The increase was primarily the result of an increase in selling and marketing expenses of $117,582, or 2.7% and an increase in general and administrative expenses of $155,297, or 9.6% in the current quarter compared to the same quarter last year.

Net loss for the three months ended September 30, 2025 and 2024 was $1,092,450 and $282,945, respectively, an increase of $809,505, or 286.1%, in the third quarter of 2025 over the same quarter in the prior year.

Jim Bernau, Founder and President of the Company said, "We believe the third quarter of 2025 continues to reflect the need for creative solutions as the wine market in both direct sales and distributor sales change.  Our management team and extraordinary employees continue to innovate with new products and experiences, led by our new CEO Mike Osborn - one of America's most accomplished wine entrepreneurs."

For a complete discussion of the Company's financial condition and operating results for the third quarter 2025, see our Form 10-Q for the three months ended September 30, 2025, as filed with the United States Securities and Exchange Commission on EDGAR. 

Willamette Valley Vineyards, Inc. is headquartered at its Estate Vineyard near Salem, Oregon.  The Company's common stock is traded on NASDAQ (WVVI).

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, referred to as the "Securities Act", and Section 21E of the Securities Exchange Act of 1934, as amended, referred to as the "Exchange Act". These forward-looking statements involve risks and uncertainties that are based on current expectations, estimates and projections about the Company's business, and beliefs and assumptions made by management. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates", "predicts," "potential," "should," or "will" or the negative thereof and variations of such words and similar expressions are intended to identify such forward-looking statements. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including, but not limited to: availability of financing for growth, availability of adequate supply of high quality grapes, successful performance of internal operations, impact of competition, changes in wine broker or distributor relations or performance, impact of possible adverse weather conditions, impact of reduction in grape quality or supply due to disease or smoke from forest fires, changes in consumer spending, the reduction in consumer demand for premium wines, and the revenues or costs for any of our tasting rooms and restaurants exceeding our expectations. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic economic conditions.

Many of these risks as well as other risks that may have a material adverse impact on our operations and business, are identified in Item 1A "Risk Factors" in our Annual Report on Form 10-K. 

The following is the Company's Statement of Operations for the three months and nine months ended September 30, 2025 compared to the three and nine months ended September 30, 2024:

				Three months ended				Nine months ended
				September 30,				September 30,
				2025		2024		2025		2024
SALES, NET				$       8,353,200		$     9,370,713		$      26,090,546		$      28,506,151
COST OF SALES				3,349,228		3,562,599		10,110,848		10,953,625
GROSS PROFIT				5,003,972		5,808,114		15,979,698		17,552,526
OPERATING EXPENSES
	Sales and marketing			4,444,433		4,326,851		12,605,778		12,692,804
	General and administrative			1,773,066		1,617,769		5,059,261		5,061,899
		Total operating expenses		6,217,499		5,944,620		17,665,039		17,754,703
LOSS FROM OPERATIONS				(1,213,527)		(136,506)		(1,685,341)		(202,177)
OTHER INCOME (EXPENSE)
	Interest expense, net			(304,957)		(257,192)		(873,323)		(750,573)
	Other income (expense), net			(18,662)		(4,424)		126,364		96,169
LOSS BEFORE INCOME TAXES				(1,537,146)		(398,122)		(2,432,300)		(856,581)
INCOME TAX BENEFIT				444,696		115,177		703,664		247,809
NET LOSS				(1,092,450)		(282,945)		(1,728,636)		(608,772)
Accrued preferred stock dividends				(563,177)		(563,250)		(1,689,530)		(1,689,676)
LOSS APPLICABLE TO COMMON SHAREHOLDERS				$      (1,655,627)		$       (846,195)		$       (3,418,166)		$       (2,298,448)
Loss per common share after preferred dividends,
	basic and diluted			$               (0.33)		$             (0.17)		$                (0.69)		$                (0.46)
Weighted-average number of
	common shares outstanding, basic and diluted			4,964,529		4,964,529		4,964,529		4,964,529

 

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SOURCE Willamette Valley Vineyards

FAQ

What were Willamette Valley Vineyards (WVVI) Q3 2025 sales and how do they compare to Q3 2024?

Q3 2025 sales were $8.35 million, down 10.9% from $9.37 million in Q3 2024.

What was WVVI's net loss and loss per share for the quarter ended September 30, 2025?

WVVI reported a $1,092,450 net loss and a $0.33 loss per common share after preferred dividends in Q3 2025.

How did Willamette Valley Vineyards' gross profit and operating expenses change in Q3 2025 (WVVI)?

Gross profit fell 13.8% to $5.00 million; total operating expenses rose to $6.22 million in Q3 2025.

Did WVVI report any notable tax or non-operating items in Q3 2025?

Yes; Q3 2025 included an income tax benefit of $444,696 that reduced pre-tax loss.

Where can investors find the full financial details for WVVI Q3 2025 results?

Full financial details are available in the company's Form 10-Q for the quarter ended September 30, 2025 filed on EDGAR.