Filing Flows › Brownie's Marine Group (BWMG) › Q1 2026
Brownie's Marine Group (BWMG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Brownie's Marine Group (BWMG) reported revenue of $2.1M for the first quarter 2026 (Q1 2026), +38% from a year earlier and +51% from the quarter before. Operating margin was -2.1%, net earnings $493K (23.3% of revenue).
Brownie's Marine Group, Q1 2026: revenue $2.1M (+38% year over year), operating margin -2.1%, net earnings $493K, operating cash flow $687K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1M | +51% | +38% |
| Operating profit | −$44K | — | — |
| Net earnings | $493K | — | — |
| Operating cash flow | $687K | — | — |
What changed
Revenue was $2.1M in Q1 2026, up 38% year over year and up 51% from the previous quarter.
Gross margin was 46.4%, up 13.5 points from Q1 2025. Operating costs exceeded revenue by $44K, an operating margin of -2.1%. Operating expenses grew 87% against revenue growth of 38%. The fastest-growing cost line was Research & development (+215%). Net earnings were $493K. The effective tax rate was 0.0%. Non-operating items added $537K, 109% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $687K, 139% of net earnings. Non-cash charges added back $17K of depreciation and amortization. Working capital and other items added $176K.
Questions
What was Brownie's Marine Group's revenue in the first quarter 2026?
Brownie's Marine Group (BWMG) reported revenue of $2.1M for the first quarter 2026 (Q1 2026), +38% from a year earlier and +51% from the quarter before.
Was Brownie's Marine Group profitable in the first quarter 2026?
Operating loss was $44K (-2.1% of revenue) and net earnings $493K.