Filing Flows › Brownie's Marine Group (BWMG) › Q3 2025
Brownie's Marine Group (BWMG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
Brownie's Marine Group (BWMG) reported revenue of $2.1M for the third quarter 2025 (Q3 2025), -16% from a year earlier and -18% from the quarter before. Operating margin was 6.4%, net earnings $192K (9.3% of revenue).
Brownie's Marine Group, Q3 2025: revenue $2.1M (-16% year over year), operating margin 6.4%, net earnings $192K, operating cash flow $26K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1M | -18% | -16% |
| Gross profit | $962K | +9% | -13% |
| Operating profit | $133K | +3% | -30% |
| Net earnings | $192K | +25% | +10% |
| Operating cash flow | $26K | -83% | — |
What changed
Revenue was $2.1M in Q3 2025, down 16% year over year and down 18% from the previous quarter.
Gross margin was 46.4%, up 1.7 points from a year earlier. Operating profit was $133K, a 6.4% margin (down 1.3 points year over year). Operating expenses fell 9% while revenue fell 16%. The fastest-growing cost line was Research & development (+645%). Net earnings were $192K, up 10% year over year. The effective tax rate was -9.7%. Non-operating items added $59K, 31% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $26K, 12% of net income including minority interests. Non-cash charges added back $36K of depreciation and amortization. Working capital and other items used $221K.
Questions
What was Brownie's Marine Group's revenue in the third quarter 2025?
Brownie's Marine Group (BWMG) reported revenue of $2.1M for the third quarter 2025 (Q3 2025), -16% from a year earlier and -18% from the quarter before.
Was Brownie's Marine Group profitable in the third quarter 2025?
Operating profit was $133K (6.4% of revenue) and net earnings $192K.