How Winmark makes money

Period

FY2025

How does Winmark make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Winmark Corporation · FY2025 · year ended 2025-12-27

Revenue$86MGross profit$83M · 96%Cost of revenue$3M · 4%Operating income$55M · 63%Operating expenses$28M · 33%SG&A$28M · 33%Pre-tax income$53M · 62%Other expense$1M · 2%Net income$42M · 48%Income tax$11M · 13%Royalty$76M · 89%Product$3M · 4%Product & Service Other$2M · 3%Marketing Fees$2M · 2%Franchise$2M · 2%Software License Fees$400000 · 0%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.