VWE · Vintage Wine Estates, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q2 '23 | Q3 '23 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $45.66M | $67.99M | $73.27M | $77.99M | $69.48M | $77.86M | $83.61M | $46.90M | $55.69M | - |
| Cost of Revenue | $35.16M | $82.97M | $48.57M | $52.32M | $53.13M | $47.71M | $45.15M | $50.92M | $32.25M | - |
| Gross Profit | $10.50M | ($14.98M) | $24.70M | $25.67M | $16.35M | $30.15M | $23.47M | $28.02M | $23.44M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $24.16M | $25.26M | $28.75M | $33.23M | $25.53M | $34.24M | $25.99M | $18.38M | $14.32M | - |
| Total Operating Expenses | - | - | - | $2.00M | - | - | - | - | - | - |
| D&A | - | - | $4.13M | $4.10M | $4.10M | $3.20M | $4.50M | $6.00M | $3.50M | - |
| Operating Income | ($20.54M) | ($40.68M) | ($9.86M) | ($145.58M) | ($3.80M) | ($4.92M) | $12.72M | $884.0K | $6.14M | - |
| Interest Expense | $6.11M | $6.12M | $4.92M | $5.65M | $4.29M | $3.38M | $3.49M | $3.84M | $3.38M | - |
| Income Tax | ($228.0K) | ($199.0K) | $244.0K | ($21.71M) | ($1.67M) | $658.0K | $2.03M | $958.0K | $1.19M | - |
| Net Income | ($26.15M) | ($49.35M) | ($15.06M) | ($129.58M) | ($10.16M) | $977.0K | $8.59M | $2.78M | $2.80M | - |
| EPS - Basic | ($0.44) | ($0.83) | ($0.25) | ($2.20) | ($0.17) | $0.02 | $0.14 | ($0.04) | $0.12 | - |
| EPS - Diluted | ($0.44) | ($0.83) | ($0.25) | ($2.20) | ($0.17) | $0.02 | $0.27 | $0.05 | $0.12 | - |
Balance Sheet
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q2 '23 | Q3 '23 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $24.11M | $21.41M | $18.62M | $18.23M | $31.97M | $44.62M | $43.69M | $69.11M | $4.14M | $118.88M |
| Accounts Receivable | $16.10M | $22.97M | $33.45M | $24.56M | $41.38M | $38.42M | $38.19M | $39.65M | $13.79M | $14.64M |
| Inventory | $132.89M | $155.25M | $199.40M | $201.36M | $199.27M | $201.94M | $192.10M | $221.26M | $225.82M | $221.15M |
| Accounts Payable | $15.09M | $27.43M | $20.08M | $20.41M | $28.79M | $20.08M | $13.95M | $14.78M | $14.62M | $17.30M |
| Current Assets | $248.41M | $252.04M | $265.44M | $264.74M | $301.32M | $309.91M | $300.72M | $361.26M | $387.23M | $382.05M |
| Total Assets | $478.63M | $502.51M | $556.25M | $561.15M | $638.02M | $809.68M | $765.89M | $826.03M | $752.23M | $743.50M |
| Current Liabilities | $368.70M | $366.37M | $193.73M | $183.14M | $375.76M | $208.21M | $197.28M | $213.17M | $162.79M | $152.69M |
| Long-term Debt | $0 | $0 | $170.01M | $173.41M | $0 | $165.58M | $169.09M | $172.32M | $181.13M | $183.54M |
| Total Liabilities | $393.47M | $391.64M | $397.19M | $388.38M | $421.31M | $452.27M | $413.51M | $440.42M | $387.51M | $381.56M |
| Stockholders' Equity | $85.84M | $111.51M | $159.66M | $173.35M | $217.09M | $356.72M | $351.29M | $384.54M | $363.54M | $360.73M |
| Retained Earnings | ($272.87M) | ($246.72M) | ($197.37M) | ($182.31M) | ($140.60M) | $406.0K | ($571.0K) | $14.18M | $2.80M | $0 |
Cash Flow
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q2 '23 | Q3 '23 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($4.45M) | - | - | $2.08M | - | - | ($1.96M) | - |
| Investing Cash Flow | - | - | ($2.10M) | - | - | ($3.55M) | - | - | ($6.92M) | - |
| Financing Cash Flow | - | - | $6.94M | - | - | ($4.20M) | - | - | $1.61M | - |
| CapEx | - | - | $3.46M | - | - | $3.45M | - | - | $6.87M | - |
| Free Cash Flow | - | - | ($7.91M) | - | - | ($1.37M) | - | - | ($8.83M) | - |
Ratios
| Metric | Q3 '24 | Q2 '24 | Q1 '24 | Q2 '23 | Q3 '23 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 23.0% | -22.0% | 33.7% | 32.9% | 23.5% | 38.7% | 28.1% | 59.7% | 42.1% | - |
| Operating margin | -45.0% | -59.8% | -13.5% | -186.7% | -5.5% | -6.3% | 15.2% | 1.9% | 11.0% | - |
| EBITDA margin | - | - | -7.8% | -181.4% | 0.4% | -2.2% | 20.6% | 14.7% | 17.3% | - |
| Net margin | -57.3% | -72.6% | -20.6% | -166.1% | -14.6% | 1.3% | 10.3% | 5.9% | 5.0% | - |
| Free cash flow margin | - | - | -10.8% | - | - | -1.8% | - | - | -15.9% | - |
| FCF / Net income | - | - | 0.53 | - | - | -1.40 | - | - | -3.15 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 52.9% | 37.2% | 39.2% | 42.6% | 36.7% | 44.0% | 31.1% | 39.2% | 25.7% | - |
| Effective tax rate | - | - | - | - | - | 40.2% | 19.1% | 25.6% | 29.8% | - |
| Return on assets | -5.5% | -9.8% | -2.7% | -23.1% | -1.6% | 0.1% | 1.1% | 0.3% | 0.4% | - |
| Return on equity | -30.5% | -44.3% | -9.4% | -74.8% | -4.7% | 0.3% | 2.4% | 0.7% | 0.8% | - |
| Return on invested capital | -18.9% | -28.8% | -2.4% | -33.2% | -1.4% | -0.6% | 2.0% | 0.1% | 0.8% | - |
| Liquidity | ||||||||||
| Current ratio | 0.67 | 0.69 | 1.37 | 1.45 | 0.80 | 1.49 | 1.52 | 1.69 | 2.38 | 2.50 |
| Quick ratio | 0.31 | 0.26 | 0.34 | 0.35 | 0.27 | 0.52 | 0.55 | 0.66 | 0.99 | 1.05 |
| Cash ratio | 0.07 | 0.06 | 0.10 | 0.10 | 0.09 | 0.21 | 0.22 | 0.32 | 0.03 | 0.78 |
| Leverage | ||||||||||
| Debt / Equity | 0.00 | 0.00 | 1.06 | 1.00 | 0.00 | 0.46 | 0.48 | 0.45 | 0.50 | 0.51 |
| Debt / Assets | 0.00 | 0.00 | 0.31 | 0.31 | 0.00 | 0.20 | 0.22 | 0.21 | 0.24 | 0.25 |
| Debt / EBITDA | - | - | - | - | 0.00 | - | 9.82 | 25.03 | 18.78 | - |
| Interest coverage | -3.4x | -6.6x | -2.0x | -25.8x | -0.9x | -1.5x | 3.6x | 0.2x | 1.8x | - |
| Equity multiplier | 5.58 | 4.51 | 3.48 | 3.24 | 2.94 | 2.27 | 2.18 | 2.15 | 2.07 | 2.06 |
| Liabilities / Assets | 0.82 | 0.78 | 0.71 | 0.69 | 0.66 | 0.56 | 0.54 | 0.53 | 0.52 | 0.51 |
| Efficiency | ||||||||||
| Asset turnover | 0.10 | 0.14 | 0.13 | 0.14 | 0.11 | 0.10 | 0.11 | 0.06 | 0.07 | - |
| Inventory turnover | 0.26 | 0.53 | 0.24 | 0.26 | 0.27 | 0.24 | 0.24 | 0.23 | 0.14 | - |
| Days sales outstanding | 129d | 123d | 167d | 115d | 217d | 180d | 167d | 309d | 90d | - |
| Days inventory outstanding | 1379d | 683d | 1498d | 1405d | 1369d | 1545d | 1553d | 1586d | 2556d | - |
| Days payable outstanding | 157d | 121d | 151d | 142d | 198d | 154d | 113d | 106d | 165d | - |
| Cash conversion cycle | 1351d | 686d | 1514d | 1377d | 1389d | 1571d | 1607d | 1789d | 2481d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -34.3% | -12.8% | - | -6.7% | 48.2% | 39.8% | - | - | - | - |
| Revenue CAGR (3y) | - | - | 9.6% | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -35.8% | - | - | 9.4% | -41.7% | 28.6% | - | - | - | - |
| Operating income growth (YoY) | -440.5% | 72.1% | - | - | - | - | - | - | - | - |
| Net income growth (YoY) | -157.4% | 61.9% | - | - | - | -65.2% | - | - | - | - |
| EPS growth (YoY) | -158.8% | 62.3% | - | - | - | -83.3% | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | 84.5% | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -60.5% | -35.7% | - | -50.7% | -43.5% | -1.9% | -2.6% | - | - | 233.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-06-30.
Business segments
$283.23M totalBusiness To Business$113.18M · 40.0%
Wholesale$86.72M · 30.6%
Direct To Consumer$83.37M · 29.4%
All Other Segments($42.0K) · -0.0%
Product / service
$283.23M totalWine Spirits And Cider$189.36M · 66.9%
Nonwine$93.87M · 33.1%
Geographic
$283.23M totalUS$280.95M · 99.2%
International$2.28M · 0.8%
Peer comparison
Same SIC group: Beverages
Comparing Vintage Wine Estates against the 5 most active filers in the same SIC group.