Filing Flows › Brownie's Marine Group (BWMG) › Q2 2026
Brownie's Marine Group (BWMG) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Brownie's Marine Group (BWMG) reported revenue of $2.4M for the second quarter 2026 (Q2 2026), -6% from a year earlier and +12% from the quarter before. Operating margin was 1.0%, net earnings $219K (9.2% of revenue).
Brownie's Marine Group, Q2 2026: revenue $2.4M (-6% year over year), operating margin 1.0%, net earnings $219K, operating cash flow −$154K. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4M | +12% | -6% |
| Gross profit | $1.2M | +24% | +38% |
| Operating profit | $23K | — | -82% |
| Net earnings | $219K | -56% | +42% |
| Operating cash flow | −$154K | -122% | -201% |
What changed
Revenue was $2.4M in Q2 2026, down 6% year over year and up 12% from the previous quarter.
Gross margin was 51.4%, up 16.3 points from Q2 2025. Operating profit was $23K, a 1.0% margin (down 4.2 points year over year). Operating expenses grew 59% against a revenue fall of 6%. The fastest-growing cost line was Research & development (+215%). Net earnings were $219K, up 42% year over year. The effective tax rate was 0.0%. Non-operating items added $196K, 90% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$154K. Non-cash charges added back $19K of depreciation and amortization. Working capital and other items used $392K.
Questions
What was Brownie's Marine Group's revenue in the second quarter 2026?
Brownie's Marine Group (BWMG) reported revenue of $2.4M for the second quarter 2026 (Q2 2026), -6% from a year earlier and +12% from the quarter before.
Was Brownie's Marine Group profitable in the second quarter 2026?
Operating profit was $23K (1.0% of revenue) and net earnings $219K.