WINMARK CORP

For the period ended Dec 27, 2025. Filed Feb 25, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 25, 2026

WINA$275.38+3.8%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

· · · · · · · · · ·
· · Fiscal Year Ended
· · December 27, 2025 · · December 28, 2024 · · December 30, 2023
Revenue: · · · · · · · · · ·
Royalties	$76,352,800	$72,198,500	$70,230,700
Leasing income	2,631,800	1,811,800	4,766,200
Merchandise sales	3,282,800	3,601,300	4,761,100
Franchise fees	1,525,800	1,545,600	1,512,000
Other	2,262,500	2,131,900	1,973,500
Total revenue	86,055,700	81,289,100	83,243,500
Cost of merchandise sold	3,104,400	3,379,200	4,461,500
Leasing expense	—	36,600	398,300
Provision for credit losses	—	(1,500)	(5,600)
Selling, general and administrative expenses	28,357,400	24,944,200	25,108,700
Income from operations	54,593,900	52,930,600	53,280,600
Interest expense	(2,446,800)	(2,856,900)	(3,091,000)
Interest and other income	988,500	1,150,300	1,171,700
Income before income taxes	53,135,600	51,224,000	51,361,300
Provision for income taxes	(11,481,500)	(11,269,800)	(11,183,200)
Net income	$41,654,100	$39,954,200	$40,178,100
Earnings per share - basic	$11.73	$11.36	$11.55
Earnings per share - diluted	$11.30	$10.89	$11.04
Weighted average shares outstanding - basic	3,549,753	3,516,122	3,479,936
Weighted average shares outstanding - diluted	3,685,457	3,667,479	3,640,524

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.