WVVINasdaqBeveragesUS GAAP · USD

Willamette Valley Vineyards, Inc

Willamette Valley Vineyards Inc. is an Oregon-based wine company that grows, purchases, produces, and sells premium wines under a portfolio of labels including Willamette Valley Vineyards, Griffin Creek, Pambrun, Elton, Maison Bleue, Metis, Natoma, Pere Ami, Domaine Willamette, and Tualatin Estates. Its business combines vineyard ownership and grape sourcing with winemaking, bottling, and sales through wholesale distributors and direct-to-consumer channels.

Revenue37.2m USD
−6.5 %y/y
Operating profit (EBIT)-1.4m USD
−351.1 %y/y
EBIT margin-3.9%
−5.3 ppy/y
Net income-0.9m USD
−678.4 %y/y
Free cash flow-2.2m USD
+56.1 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-10010203040m USD2020: 27 m USD2020: EBIT 5.0 m USD20202021: 32 m USD2021: EBIT 3.7 m USD20212022: 34 m USD2022: EBIT -0.55 m USD20222023: 39 m USD2023: EBIT -1.2 m USD20232024: 40 m USD2024: EBIT 0.57 m USD20242025: 37 m USD2025: EBIT -1.4 m USD202537-1.4
RevenueOperating profit (EBIT)

Business

Share of revenue
Branded bottled wine85 %

Finished wines sold under the company's house and estate labels across still and sparkling styles.

Direct-to-consumer wine sales45 %

Wine sold through tasting rooms, telephone, internet, and wine club channels.

Wholesale distributor sales40 %

Cases sold to distributors for onward sale in retail and on-premise channels.

Bulk wine and grape sales5 %

Non-core sales of grapes or bulk wine when production exceeds needs or standards.

Wine club and tasting room experiences10 %

Membership and hospitality-driven sales that support repeat purchases and brand loyalty.

Customers

The company sells to wine consumers who buy through tasting rooms, online, by phone, and through its wine club, as well as to wholesale distributors that place its wines into broader retail and restaurant channels. Its customer base also includes wine enthusiasts attracted by estate brands, club memberships, and limited-release wines. Preferred stockholders are also treated as a source of potential customers because many are wine enthusiasts.

Direct-to-consumer wine buyers

Buy through tasting rooms, internet, telephone, and wine club because these channels offer higher-touch brand engagement and higher realized pricing.

Wholesale distributors

Purchase cases for resale into retail and restaurant channels, providing broader market reach and volume placement.

Wine club members

Subscribe for recurring shipments and access to winery releases, supporting repeat demand and customer retention.

Tasting room visitors

Visit estate and winery locations for sampling, hospitality, and direct purchases tied to the brand experience.

Preferred stockholders and wine enthusiasts

May become customers through ownership affinity and brand familiarity, especially around club and direct sales.

Strategy

The company is focused on expanding direct-to-consumer sales through tasting rooms, online channels, and wine club membership, while also maintaining distributor reach for broader market access. It also emphasizes vineyard ownership, property development, and brand building to support premium positioning and long-term customer loyalty.

Expand direct-to-consumer channelsShort term

Direct sales provide closer-to-retail pricing and stronger customer relationships.

Strengthen premium brand positioningMedium term

Brand recognition supports pricing power and repeat purchases in a crowded wine market.

Develop vineyard and hospitality assetsMedium term

Owned and operated properties support production control and customer experience.

Geography

Willamette Valley Vineyards is headquartered and operates primarily in Oregon, where it owns and operates winery and estate properties in the Salem Hills, Turner, Forest Grove, and Dundee areas. Its wines are sold nationally through distributors and direct-to-consumer channels, so the business is anchored in Oregon production but exposed to broader U.S. consumer demand.

Risks

The business depends on consumer demand for premium wine, distributor sell-through, and the ability to maintain quality across vineyard, winemaking, and inventory cycles. It is also exposed to agricultural, weather, and harvest variability, as well as accounting and operational risks tied to inventory aging, grape sourcing, and direct-to-consumer execution.

Sorted by severity
Distributor channel dependenceHigh

A meaningful share of case sales flows through distributors, so weaker sell-through can reduce volume.

Exposure: Wholesale wine sales

Agricultural and harvest variabilityHigh

Wine quality and supply depend on vineyard conditions, weather, and grape yields.

ExposureOwnedLeasedContracted vineyards
Inventory aging and obsolescenceMedium

Wine must age appropriately and be sold before quality or market timing becomes unfavorable.

Exposure: Bottled wine and bulk wine inventory

Consumer demand cyclicalityMedium

Premium wine purchases are discretionary and can shift with consumer spending patterns.

Exposure: Direct-to-consumer and wholesale demand

Execution risk in direct-to-consumer expansionMedium

Tasting rooms, wine club growth, and online sales require effective hospitality and marketing execution.

Exposure: Estate and direct sales channels

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Accounting

Judgemental items
Revenue recognition timing

Wine sales may be recognized at different points depending on channel and delivery terms, affecting quarterly revenue patterns.

Impact: Wholesale and direct-to-consumer sales timing

Inventory valuation

Bottled and bulk wine must be carried at appropriate cost and may require write-downs if demand or quality changes.

Impact: Bottled wine and bulk wine inventory

Amortization of vineyard development costs

Capitalized vineyard costs are expensed over time, influencing reported margins and asset values.

Impact: Owned vineyard economics

Seasonality and production cycle

Harvest, bottling, and release timing create uneven quarterly results and make period comparisons less linear.

Impact: Quarterly revenue and cost comparability

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Willamette Valley Vineyards, Inc (WVVI) Revenue, Earnings & Financials 2025 – Clarifo