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Newton Golf Company (NWTG) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · Newton Golf Company (NWTG) Q2 2026 earnings results →
Q2 2026 Revenue down 36% year over year to $1.3M · 173¢ of every $1 of revenue lost · operating margin -117.0%
Newton Golf Company made $1.3M in Q2 2026 (-36% Y/Y): Newton Shafts $1.3M, Sacks Parente Putters $11K. Operating margin -117.0%, net loss $2.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.
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What changed this quarter
Revenue was $1.3M in Q2 2026, down 36% year over year and up 33% from the previous quarter. Newton Shafts was the largest line at 99% of revenue. Newton Shafts lost $721K year over year (down 36%), 96% of the total change.
Gross margin was 69.2%, up 1.6 points from Q2 2025. Operating costs exceeded revenue by $1.5M, an operating margin of -117.0%. Operating expenses fell 16% while revenue fell 36%. The fastest-growing cost line was Research & development (+143%). The quarter ended with a net loss of $2.3M, narrower than the previous quarter's $2.7M loss.
Operating cash flow was −$1.7M. Non-cash charges added back $84K of depreciation and $128K of share-based compensation. Working capital and other items added $346K. Capital expenditures of $82K exceeded it, leaving free cash flow of −$1.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 14, 2026 | $1.3M | -36% | -117.0% | −$2.3M | −$1.7M |
| Q1 2026 | 10-Q | May 14, 2026 | $991K | -18% | -263.9% | −$2.7M | −$1.1M |
| Q4 2025 | 10-K | Mar 31, 2026 | $2.3M | +112% | -112.8% | −$2.4M | −$1.1M |
| Q3 2025 | 10-Q | Nov 13, 2025 | $2.6M | +113% | -58.2% | −$1.6M | −$1.3M |
| Q2 2025 | 10-Q | Aug 14, 2025 | $2.1M | +154% | -72.9% | −$1.5M | −$1.2M |
| Q1 2025 | 10-Q | May 15, 2025 | $1.2M | +246% | -162.9% | −$525K | −$1.6M |
| Q4 2024 | 10-K | Apr 4, 2025 | $1.1M | +815% | -133.6% | −$8.3M | −$1.5M |
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About Newton Golf Company
Newton Golf Company, Inc. (the “Company,” “Newton,” “we,” “us,” or “our”) designs, manufactures, and sells performance golf equipment, including premium golf shafts and putters, and focuses on developing technology-driven golf products intended to enhance player performance. The Company’s Newton Motion™ shaft product line represents a core component of its product strategy and has contributed significantly to recent revenue growth. In April 2022, the Company expanded its manufacturing capabilities by opening a shaft manufacturing facility in St. Joseph, Missouri to support the production of advanced carbon fiber golf shafts.
In its own words, from its 10-K, filed Mar 31, 2026.
Newton Golf Company against its Sporting & Athletic Goods, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -36% against the peers' median -1%. Operating margin: -117.0% against the peers' median 10.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| NWTG Newton Golf Company | Q2 2026 | $1.3M | -36% | -117.0% |
| GOLF Acushnet Holdings | Q3 2026 | $649M | -1% | 12.4% |
| PTON Peloton Interactive | Q1 FY27 | $559M | +2% | 20.8% |
| YETI Yeti Holdings | Q2 2026 | $484M | +8% | 19.3% |
| CALY Callaway Golf | Q3 2026 | $437M | -6% | 10.2% |
| JOUT Johnson Outdoors | Q3 FY26 | $190M | +5% | 9.7% |
| SBDS Solo Brands | Q2 2026 | $88.5M | -4% | 4.0% |
| CLAR Clarus | Q3 2026 | $71.2M | +3% | 4.7% |
| ESCA Escalade | Q3 2026 | $65.6M | -3% | 13.2% |
Source: Newton Golf Company 10-Q on SEC EDGAR · CIK 1934245 · Sporting & Athletic Goods, NEC
13F: who owns NWTG and who is buying
More on NWTG
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results