The Duckhorn Portfolio Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	127.11	116.41	182.67	158.63	195.47	194.23
Revenue Growth (YoY)	-16.62%	-36.28%	15.16%	-18.85%	0.64%	13.85%
Cost of Revenue	37.15	37.05	49.13	68.93	31.51	41.79
Gross Profit	89.97	79.36	133.55	89.7	163.97	152.45
Selling, General & Admin	173.22	165.61	133.99	109.82	111.68	117.09
Operating Expenses	199.23	194.94	166.45	135.9	133.93	140.72
Operating Income	-109.27	-115.58	-32.9	-46.2	30.04	11.73
Interest Expense	-4.67	-2.3	-1.64	-1.11	-0.46	-0.73
Interest & Investment Income	0.62	1.62	0.36	0.01	0.02	0.12
Currency Exchange Gain (Loss)	0.7	0.7	-0.69	3.59	4.59	-5.54
Other Non Operating Income (Expenses)	-1.52	-1.52	-1.58	-0.44	2.18	1.15
EBT Excluding Unusual Items	-114.15	-117.09	-36.45	-44.14	36.37	6.72
Gain (Loss) on Sale of Assets	-	-	-	-	0.63	0.01
Asset Writedown	-	-	-	-	-	-1.65
Pretax Income	-114.15	-117.09	-36.45	-44.14	37	5.08
Income Tax Expense	-4.99	-5.83	-4.43	4.12	-3.23	-4.51
Net Income	-109.16	-111.26	-32.02	-48.26	40.23	9.6
Net Income to Common	-109.16	-111.26	-32.02	-48.26	40.23	9.6
Net Income Growth	-	-	-	-	319.26%	-
Shares Outstanding (Basic)	101	96	88	83	83	83
Shares Outstanding (Diluted)	101	96	88	83	86	85
Shares Change (YoY)	10.13%	9.38%	6.05%	-3.53%	0.81%	23.52%
EPS (Basic)	-1.08	-1.15	-0.36	-0.58	0.48	0.12
EPS (Diluted)	-1.08	-1.15	-0.36	-0.58	0.47	0.11
EPS Growth	-	-	-	-	327.27%	-
Free Cash Flow	-103.03	-107.27	-8.96	-26.37	7.84	46.44
Free Cash Flow Per Share	-1.02	-1.11	-0.10	-0.32	0.09	0.54
Gross Margin	70.78%	68.17%	73.11%	56.55%	83.88%	78.49%
Operating Margin	-85.96%	-99.29%	-18.01%	-29.13%	15.37%	6.04%
Profit Margin	-85.87%	-95.58%	-17.53%	-30.42%	20.58%	4.94%
Free Cash Flow Margin	-81.05%	-92.15%	-4.90%	-16.62%	4.01%	23.91%
EBITDA	-117.36	-111.1	-28.62	-41.98	32.04	13.28
EBITDA Margin	-92.33%	-95.44%	-15.66%	-26.46%	16.39%	6.84%
D&A For EBITDA	-8.09	4.48	4.28	4.22	2	1.55
EBIT	-109.27	-115.58	-32.9	-46.2	30.04	11.73
EBIT Margin	-85.96%	-99.29%	-18.01%	-29.13%	15.37%	6.04%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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