Winmark Corporation Reports Steady Third Quarter Growth

Winmark ( (WINA) ) has released its Q3 earnings. Here is a breakdown of the information Winmark presented to its investors.

Winmark Corporation, known as the Resale Company®, is a prominent franchisor in the sustainability and small business sector, overseeing popular resale franchises like Plato’s Closet® and Once Upon A Child®. In its latest earnings report, Winmark Corporation announced a net income of $11.1 million for the third quarter of 2025, slightly up from the previous year’s $11.1 million. Over the first nine months of 2025, the company reported a net income of $31.7 million, reflecting a year-over-year increase from $30.4 million.

The company’s revenue for the third quarter reached $22.6 million, driven primarily by royalties, which increased to $20.9 million from $19.5 million the previous year. Leasing income saw a significant decline, while merchandise sales and franchise fees experienced minor fluctuations. Despite these changes, Winmark maintained a stable income from operations at $14.9 million, consistent with the previous year.

Winmark’s financial position shows a robust increase in cash and cash equivalents, rising to $39.7 million from $12.2 million at the end of 2024. This growth is attributed to strong operating cash flows and proceeds from stock option exercises. However, the company faced higher selling, general, and administrative expenses, which rose to $7 million from $5.9 million in the same quarter last year.

Looking ahead, Winmark Corporation remains committed to expanding its franchise network, with 77 new franchises awarded but not yet operational. The company continues to focus on sustainability and supporting entrepreneurs, aiming to leverage its strong cash position to drive future growth and enhance shareholder value.