Every 10-Q that Winmark Corp (WINA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow WINA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WINA filings page.
Winmark Corporation reported Q2 2026 revenue of $21,966,000, up from $20,416,800, driven mainly by royalty income of $20,117,000. Net income was $10,394,800 (basic EPS $2.90). For the first six months, revenue was $42,815,700 and net income $19,649,600, versus $42,336,400 and $20,557,600 a year earlier.
The business is now almost entirely franchising after completing the leasing portfolio run‑off; royalties represented 92.0% of year‑to‑date revenue. The company had 1,389 franchised stores and renewed 50 of 50 expiring agreements. Cash, cash equivalents and restricted cash totaled $25,984,500. Debt consisted of $30.0 million of delayed draw term loans and $30.0 million of Series C notes, with no revolving borrowings. Operating cash flow was $22,607,100 in the first half, funding $7,087,400 of dividends and $2,265,200 of capital expenditures and capitalized software, while remaining in compliance with all debt covenants. A new risk factor notes that recently introduced software and advertising fees could pressure franchisee relationships if perceived as burdensome.
Winmark Corporation reported solid first-quarter 2026 results driven by franchise royalties, despite lower total revenue and net income versus last year. Revenue was $20,849,700 compared to $21,919,700 a year earlier, as the company no longer earns leasing income following the completed run-off of its equipment leasing portfolio.
Royalties rose 8.4% to $19,262,800 on higher franchise retail sales and a slightly larger store base of 1,383 locations. Net income was $9,254,700 versus $9,956,400, with diluted EPS of $2.50 compared to $2.71. Selling, general and administrative expenses increased 5.8% to $7,869,600, mainly from higher compensation-related costs. Winmark generated $11,877,300 of operating cash flow, paid a $0.96 per share dividend totaling $3,429,000, maintained $19,928,300 in cash, cash equivalents and restricted cash, and ended the quarter with $30,000,000 outstanding on its CIBC term loan and $30,000,000 of Prudential notes while remaining in compliance with all covenants.
Winmark Corporation (WINA) filed its Q3 2025 10‑Q, showing steady growth driven by franchise royalties and continued capital returns to shareholders. Revenue for the quarter reached $22.6 million, up from $21.5 million a year ago, as higher franchise retail sales and a larger store base lifted royalties to $20.9 million. Net income was $11.1 million versus $11.1 million last year, as increased compensation and advertising timing raised selling, general and administrative expenses to $7.0 million.
Year to date, revenue was $65.0 million versus $61.7 million, and net income was $31.7 million versus $30.4 million. Cash, cash equivalents and restricted cash were $39.9 million as of September 27, 2025. Long‑term borrowings included $30.0 million of delayed draw term loans under the credit facility and $30.0 million of Series C notes at 3.18%.
The Board approved a $10.00 per share special cash dividend to shareholders of record on November 12, 2025, payable on December 1, 2025; the company estimates approximately $35.6 million based on current shares and expects to fund it with cash on hand. The leasing portfolio run‑off is substantially complete; 2025 year‑to‑date leasing income of $2.4 million included $2.2 million from a customer litigation settlement.