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Winmark WINA Software License Fees — Deferred Revenue

Other product segments

Franchise
$7.9M+5.3%

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NUVBRoyalty Revenue — Deferred Revenue
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Other financials

Income statement

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Revenue$20.8M-4.9%
Gross profit$20.7M+6.5%
Operating income$12.4M-9.1%
Net income$9.3M-7.0%
EPS (diluted)$2.50-7.7%

Balance sheet

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Cash & equivalents$19.8M-9.2%
Total debt$32.9M-1.8%
Total equity-$46.2M-0.6%
Total assets$35.6M-4.0%

Cash flow

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Operating cash flow$11.9M-21.2%
CapEx$14.6K-71.5%
Free cash flow$11.9M-21.1%

Valuation

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Market cap$1.54B+35.9%
Enterprise value$1.55B+35.7%
P/E37.6×+10.0×
P/S18.1×+4.5×

Profitability

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Gross margin96.4%+0.5pp
Operating margin62.8%-2.6pp
Net margin48.2%-1.3pp
FCF margin48.9%-3.7pp

Returns & leverage

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Return on equity67.2%
Debt / equity0.6×
Current ratio2.7×+0.1×

Where this comes from

Reported directly by Winmark in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The official record: Winmark’s 10-K, filed February 25, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Winmark's software license fees — deferred revenue?
Winmark (WINA) reported software license fees — deferred revenue of $1.9M in Q4 2025.
How has Winmark's software license fees — deferred revenue changed year-over-year?
Winmark's software license fees — deferred revenue decreased by 0.0% year-over-year, from $1.9M to $1.9M.
What does software license fees — deferred revenue mean?
This metric represents the obligation to provide software services or access to customers for which consideration has been received or is due, but for which revenue has not yet been recognized. It serves as a measure of deferred income related to software licensing, indicating future performance obligations that the company must fulfill. Monitoring this liability provides insight into the company's backlog of software-related commitments and potential future revenue recognition.