Winmark (WINA) Q4 2025 earnings summary

Executive summary

• Net income for 2025 was $41.7 million, up from $40.0 million in 2024, with diluted EPS rising to $11.30 from $10.89 year-over-year.

• Fourth quarter 2025 net income reached $10.0 million, compared to $9.6 million in Q4 2024, with diluted EPS of $2.69 versus $2.60.

• Revenues for 2025 increased to $86.1 million from $81.3 million in 2024.

• Significant investments were made in marketing, technology, and innovation to support franchisees.

Financial highlights

• Total revenue for 2025 was $86.1 million, up from $81.3 million in 2024.

• Income from operations for 2025 was $54.6 million, compared to $52.9 million in 2024.

• Net income for 2025 was $41.7 million, up from $40.0 million in 2024.

• Diluted EPS for 2025 was $11.30, compared to $10.89 in 2024.

• Cash and cash equivalents at year-end 2025 were $10.3 million, down from $12.2 million at year-end 2024.

Outlook and guidance

• Continued focus on building a strong foundation in marketing, technology, and innovation to enhance the franchise business model.