Filing Flows › Brownie's Marine Group (BWMG) › Q3 2026
Brownie's Marine Group (BWMG) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Brownie's Marine Group (BWMG) reported revenue of $2.6M for the third quarter 2026 (Q3 2026), +28% from a year earlier and +11% from the quarter before. Operating margin was 11.8%, net earnings $660K (25.0% of revenue).
Brownie's Marine Group, Q3 2026: revenue $2.6M (+28% year over year), operating margin 11.8%, net earnings $660K, operating cash flow $178K. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.6M | +11% | +28% |
| Gross profit | $1.4M | +12% | +42% |
| Operating profit | $311K | 14× | +134% |
| Net earnings | $660K | +202% | +244% |
| Operating cash flow | $178K | — | +587% |
What changed
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.
Questions
What was Brownie's Marine Group's revenue in the third quarter 2026?
Brownie's Marine Group (BWMG) reported revenue of $2.6M for the third quarter 2026 (Q3 2026), +28% from a year earlier and +11% from the quarter before.
Was Brownie's Marine Group profitable in the third quarter 2026?
Operating profit was $311K (11.8% of revenue) and net earnings $660K.