10-Q quarterly report · filed Apr 15, 2026

WINMARK CORP (WINA) Q1 2026 10-Q Quarterly Report

Short answer

WINMARK CORP (WINA) filed its Q1 2026 10-Q quarterly report on Apr 15, 2026 for the quarter ended Mar 28, 2026. Quarterly revenue was $21M (down 4.9% year over year) with net income of $9M.

Q1 2026 key financials · XBRL

Revenue
$21M
−4.9% YoY
Net income
$9M
−7.0% YoY
Operating margin
59.3%
EPS (diluted)
$2.50
−7.7% YoY

Source: XBRL data from the WINMARK CORP (WINA) Q1 2026 10-Q on SEC EDGAR. USD.

WINMARK CORP Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $20.8M, down from $21.9M YoY, driven by leasing income falling to $0.0M from $2.3M
  • Net margin 44.4% vs 45.4% YoY; operating margin 59.3% vs 62.0%
  • Franchising operating income $12.4M vs $11.4M; other segment income $0.0M vs $2.3M
  • Cash, equivalents and restricted cash $19.9M vs $22.0M; operating cash flow $11.9M vs $15.1M
  • Dividends $3.4M, stock-option proceeds $1.0M; cash adequate to fund planned operations through 2026

Risk Factors

  • New franchisee-relations risk triggered by monthly Software Fee and North American Ad Fund implementation
  • Most material update: higher franchisee operating costs may reduce satisfaction, compliance, retention, and new development
  • Regulatory risk: no material changes to 10-K risk factors disclosed
  • Near-term operational risk: initiatives may deliver uneven or delayed benefits across franchise locations
  • Financial risk: no material changes to 10-K risk factors disclosed

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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