Filing Flows › Consumer Staples › MDWerks (MDWK)
MDWerks (MDWK) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 19, 2026 · MDWerks (MDWK) Q2 2026 earnings results →
Q2 2026 Revenue up 25% year over year to $524K · 101¢ of every $1 of revenue lost · operating margin -97.2%
MDWerks made $524K in Q2 2026 (+25% Y/Y): RF Specialties $271K, Two Trees Distilling $254K. Operating margin -97.2%, net loss $530K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 19, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $524K in Q2 2026, up 25% year over year and up 21% from the previous quarter. RF Specialties was the largest line at 52% of revenue. RF Specialties added $99K year over year (up 58%), 96% of the total change.
Gross margin was 13.8%. Operating costs exceeded revenue by $510K, an operating margin of -97.2%. The quarter ended with a net loss of $530K, narrower than the previous quarter's $847K loss.
Operating cash flow was −$141K. Non-cash charges added back $93K of depreciation and amortization and $40K of share-based compensation. Working capital and other items added $255K. Capital expenditures of −$25K exceeded it, leaving free cash flow of −$117K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 19, 2026 | $524K | +25% | -97.2% | −$530K | −$141K |
| Q1 2026 | 10-Q | May 15, 2026 | $434K | -16% | -193.0% | −$847K | −$464K |
| Q4 2025 | 10-K | Mar 31, 2026 | $500K | +43% | -160.4% | −$813K | −$380K |
| Q3 2025 | 10-Q | Nov 14, 2025 | $780K | -26% | -127.2% | −$1.0M | −$363K |
| Q2 2025 | 10-Q | Aug 13, 2025 | $421K | +55% | -314.9% | −$1.3M | −$410K |
| Q1 2025 | 10-Q | May 13, 2025 | $514K | -25% | -120.2% | −$629K | −$421K |
| Q4 2024 | 10-K | Mar 25, 2025 | $349K | — | -188.9% | −$712K | −$119K |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About MDWerks
MDwerks, Inc. (the “Company,” “MDwerks,” “we,” “us,” or “our”), a Delaware corporation, is a technology company pioneering the development of innovative energy wave solutions for industrial and other commercial enterprises. Our expertise in radio wave technologies and microwave technologies has led to multiple breakthroughs with applications both industrial and commercial. Our patented energy wave technology introduces a revolutionary approach to industrial processes by specific molecular targeting, which can be applied at precise and multiple locations in a system in ways that conventional single point heat sources cannot, resulting in improved efficiency, higher quality, and reduced processing time. In December 2023, we completed the acquisition of RF Specialties, LLC (“RFS”) and Two Trees Beverage Co. and its subsidiaries (“Two Trees”).
In its own words, from its 10-K, filed Mar 31, 2026.
MDWerks against its Beverages peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +25% against the peers' median +6%. Operating margin: -97.2% against the peers' median 18.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MDWK MDWerks | Q2 2026 | $524K | +25% | -97.2% |
| PEP PepsiCo | Q3 2026 | $25.3B | +6% | 16.9% |
| KO Coca Cola | Q3 2026 | $13.4B | +7% | 33.4% |
| KDP Keurig Dr Pepper | Q3 2026 | $7.3B | +71% | 18.2% |
| STZ Constellation Brands | Q2 FY27 | $2.8B | +6% | 28.6% |
| PRMB Primo Brands | Q3 2026 | $1.8B | +3% | 13.7% |
| BF-B Brown Forman | Q1 FY27 | $1.2B | -0.8% | 21.3% |
| WEST Westrock Coffee | Q3 2026 | $300M | -15% | 1.1% |
| COCO Vita Coco Company | Q3 2026 | $244M | +34% | 18.6% |
Source: MDWerks 10-Q on SEC EDGAR · CIK 1295514 · Beverages
More on MDWK
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results