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Winmark WINA Royalty — Revenue

Other product segments

Franchise
$419.5K+24.0%

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Other financials

Income statement

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Revenue$22.0M+7.6%
Gross profit$20.7M+6.5%
Operating income$13.6M+4.4%
Net income$10.4M-1.9%
EPS (diluted)$2.81-2.8%

Balance sheet

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Cash & equivalents$25.8M-10.2%
Total debt$32.7M-1.7%
Total equity-$37.6M-2.1%
Total assets$43.2M0.0%

Cash flow

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Operating cash flow$10.7M+18.6%
CapEx$40.3K-26.3%
Free cash flow$10.7M+18.9%

Valuation

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Market cap$1.32B-2.2%
Enterprise value$1.33B-2.1%
P/E32.5×-0.3×
P/S15.3×-0.9×

Profitability

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Gross margin96.4%+0.5pp
Operating margin62.3%-2.8pp
Net margin47.1%-2.4pp
FCF margin50%-3.5pp

Returns & leverage

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Return on equity67.2%
Debt / equity0.6×
Current ratio3.8×-0.8×

Where this comes from

Reported directly by Winmark in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Winmark’s 10-Q, filed July 15, 2026.

Filed
Jul 15, 2026, 11:34 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000908315-26-000028
Line itemThree Months Ended / June 27, 2026Three Months Ended / June 28, 2025Six Months Ended / June 27, 2026Six Months Ended / June 28, 2025
Revenue:
Royalties$20,117,000$18,662,100$39,379,800$36,436,700
Leasing income46,6002,354,500
Merchandise sales859,300803,6001,513,2001,744,900
Franchise fees419,500338,400762,400670,400
Other570,200566,1001,160,3001,129,900
Total revenue21,966,00020,416,80042,815,70042,336,400
Cost of merchandise sold818,500766,5001,437,0001,654,800

Item 1. Financial Statements (Unaudited)

FAQ

What is Winmark's royalty — revenue?
Winmark (WINA) reported royalty — revenue of $20.12M in Q2 2026.
How has Winmark's royalty — revenue changed year-over-year?
Winmark's royalty — revenue increased by 7.8% year-over-year, from $18.66M to $20.12M.
What is the long-term trend for Winmark's royalty — revenue?
Over 4 years (2021 to 2025), Winmark's royalty — revenue has grown at a 5.9% compound annual growth rate (CAGR), from $60.78M to $76.35M.
What does royalty — revenue mean?
This metric represents the total gross revenue generated by the franchising segment through contractual agreements with franchisees, excluding any assessed taxes. It captures the core income stream derived from royalty fees and related service charges paid by store operators for the right to utilize the company's retail brand concepts. This figure serves as a primary indicator of the health and growth of the franchised store network.

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