Crimson Wine Group Ltd
crimsonwinegroup.comWhat Do They Do?
Produces and sells luxury wines to wine distributors and consumers through wine clubs, winery tasting rooms and online channels.
10-K for FY2025, filed Mar 17, 2026Crimson is in the business of producing and selling luxury wines (i.e., wines that retail for over $16 per 750ml bottle). Crimson is…View ↗
Crimson produces wine from estate grown grapes as well as from grapes and bulk wine purchased under contract and on the spot market.…View ↗
Crimson’s wines are primarily sold to distributors, who then sell to retailers and restaurants. The Company’s wines are sold in…View ↗
As permitted under federal and local regulations, Crimson has increased its emphasis on direct sales to consumers, through wine clubs, the…View ↗
How Do They Make Money?
Wholesale distributors pay for wine when it ships, typically within 30 to 120 days. Consumers pay when wine is bought at a tasting room or online; wine club members are charged before quarterly shipments.
10-K for FY2025, filed Mar 17, 2026The Company sells its wine to wholesale distributors under purchase orders. The Company transfers control and recognizes revenue for these…View ↗
Wine club membership sales are made under contracts with customers, which specify the quantity and timing of future wine shipments.…View ↗
Tasting room and internet wine sales are paid for at the time of sale. The Company transfers control and recognizes revenue for this wine…View ↗
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10-K for FY2025, filed Mar 17, 2026
FY2025 revenue by reportable segment ↗
$65.1M
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10-K for FY2025, filed Mar 17, 2026
$65.1M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Wholesale
Sold outright
10-K for FY2025, filed Mar 17, 2026 |
55%
FY2022: 55%
|
Wholesale, FY2025
$35.5M Sources
|
Sold outright |
|
Direct to Consumer
|
41%
FY2022: 39%
|
Direct to Consumer, FY2025
$26.4M Sources
|
Who Are Their Customers?
Distributors buy wine for resale to retailers and restaurants; independent importers and brokers handle international sales.
10-K for FY2025, filed Mar 17, 2026Crimson’s wines are primarily sold to distributors, who then sell to retailers and restaurants. The Company’s wines are sold in…View ↗
10-K for FY2025, filed Mar 17, 2026
(h) Concentrations of risk: The Company sells the majority of its wine through distributors and retailers. Receivables arising from these…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 1 cent of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$2.5M.
10-K for FY2025, filed Mar 17, 2026
−$3.7MView ↗
10-K for FY2025, filed Mar 17, 2026
$613KView ↗
10-K for FY2025, filed Mar 17, 2026
−$2.5MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 6, 2026
−$346KView ↗
- ▲ +164% (Loss)
- vs −$131K in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
Flat. Revenue was $65.1M in FY2025, about the same as the $68.9M of FY2021.
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