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Brownie's Marine Group (BWMG) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Brownie's Marine Group (BWMG) Q3 2026 earnings results →
Q3 2026 Revenue up 28% year over year to $2.6M · 25¢ of every $1 of revenue kept as net profit · operating margin 11.8%
Brownie's Marine Group made $2.6M in Q3 2026 (+28% Y/Y). Operating margin 11.8%, net earnings $660K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
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What changed this quarter
Revenue was $2.6M in Q3 2026, up 28% year over year and up 11% from the previous quarter.
Gross margin was 51.6%, up 5.1 points from Q3 2025. Operating profit was $311K, a 11.8% margin (up 5.3 points year over year). Of the extra revenue versus Q3 2025, 31% reached operating profit, above the 6% margin then. Operating expenses grew 27% against revenue growth of 28%. The fastest-growing cost line was Research & development (+5198%). Net earnings were $660K, up 244% year over year. The effective tax rate was 0.4%. Non-operating items added $349K, 53% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $178K (up 587% year over year), 27% of net earnings. Non-cash charges added back $28K of depreciation and amortization. Working capital and other items used $506K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $2.6M | +28% | 11.8% | $660K | $178K |
| Q2 2026 | 10-Q | Aug 4, 2026 | $2.4M | -6% | 1.0% | $219K | −$154K |
| Q1 2026 | 10-Q | May 15, 2026 | $2.1M | +38% | -2.1% | $493K | $687K |
| Q4 2025 | 10-K | Apr 10, 2026 | $1.4M | -18% | -26.1% | −$383K | −$233K |
| Q3 2025 | 10-Q | Nov 14, 2025 | $2.1M | -16% | 6.4% | $192K | $26K |
| Q2 2025 | 10-Q | Aug 14, 2025 | $2.5M | +5% | 5.1% | $154K | $152K |
| Q1 2025 | 10-Q | Jul 2, 2025 | $1.5M | -5% | -3.0% | −$54K | −$116K |
Charts
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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📈Investments: gains and what it boughtinteractive
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Customers and suppliers named in filings
Sells to
About Brownie's Marine Group
Brownie’s Marine Group, Inc. (the “Company”) designs, tests, manufactures and distributes recreational hookah diving, scuba, and water safety products through its wholly owned subsidiary, Trebor Industries, Inc., a Florida corporation, incorporated in 1981 (“Trebor” or “BTL”), manufactures and sells high pressure air and industrial compressor packages, yacht based scuba air compressor and nitrox generation systems through its wholly owned subsidiary, Brownie’s High Pressure Compressor Services, Inc., a Florida corporation incorporated in 2017 (“BHP”) and doing business as LW Americas (“LWA”) and develops and markets portable battery powered surface supplied air dive systems through its wholly owned subsidiary BLU3, Inc., a Florida corporation (“BLU3”).
In its own words, from its 10-Q, filed Aug 4, 2026.
Brownie's Marine Group against its Sporting & Athletic Goods, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +28% against the peers' median +2%. Operating margin: 11.8% against the peers' median 11.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| BWMG Brownie's Marine Group | Q3 2026 | $2.6M | +28% | 11.8% |
| GOLF Acushnet Holdings | Q3 2026 | $649M | -1% | 12.4% |
| PTON Peloton Interactive | Q1 FY27 | $559M | +2% | 20.8% |
| YETI Yeti Holdings | Q2 2026 | $484M | +8% | 19.3% |
| CALY Callaway Golf | Q3 2026 | $437M | -6% | 10.2% |
| JOUT Johnson Outdoors | Q3 FY26 | $190M | +5% | 9.7% |
| SBDS Solo Brands | Q2 2026 | $88.5M | -4% | 4.0% |
| CLAR Clarus | Q3 2026 | $71.2M | +3% | 4.7% |
| ESCA Escalade | Q3 2026 | $65.6M | -3% | 13.2% |
Source: Brownie's Marine Group 10-Q on SEC EDGAR · CIK 1166708 · Sporting & Athletic Goods, NEC
Guidance and outlook
More on BWMG
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results