What is Brownies Marine Group Inc's earnings per share (EPS)?

Brownies Marine Group Inc (BWMG) reported diluted earnings per share of $0.00 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Brownies Marine Group Inc Financials

BWMG

Source SEC Filings (10-K/10-Q) Updated Apr 10, 2026 Currency USD FYE April

This page shows Brownies Marine Group Inc (BWMG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Earnings Quality Low Quality

1.62x

For every $1 of reported earnings, Brownies Marine Group Inc generates $1.62 in operating cash flow (-$171K OCF vs -$105K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-2.2x

Brownies Marine Group Inc earns $-2.2 in operating income for every $1 of interest expense (-$147K vs $67K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$6.9M

YoY-15.9%

5Y CAGR+8.6%

10Y CAGR+9.6%

Brownies Marine Group Inc generated $6.9M in revenue in fiscal year 2025. This represents a decrease of 15.9% from the prior year.

EBITDA

-$7K

YoY+79.8%

Brownies Marine Group Inc's EBITDA was -$7K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 79.8% from the prior year.

Net Income

-$105K

YoY+56.3%

Brownies Marine Group Inc reported -$105K in net income in fiscal year 2025. This represents an increase of 56.3% from the prior year.

EPS (Diluted)

$0.00

Brownies Marine Group Inc earned $0.00 per diluted share (EPS) in fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

-$171K

YoY+41.8%

Brownies Marine Group Inc generated -$171K in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 41.8% from the prior year.

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

503M

YoY+14.6%

5Y CAGR+10.4%

10Y CAGR+19.2%

Brownies Marine Group Inc had 503M shares outstanding in fiscal year 2025. This represents an increase of 14.6% from the prior year.

Margins & Returns

Gross Margin

40.9%

YoY+0.5pp

5Y CAGR+8.7pp

10Y CAGR+7.2pp

Brownies Marine Group Inc's gross margin was 40.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.5 percentage points from the prior year.

Operating Margin

-2.1%

YoY-0.3pp

5Y CAGR+27.1pp

10Y CAGR-11.1pp

Brownies Marine Group Inc's operating margin was -2.1% in fiscal year 2025, reflecting core business profitability. This is down 0.3 percentage points from the prior year.

Net Margin

-1.5%

YoY+1.4pp

5Y CAGR+28.1pp

10Y CAGR-9.8pp

Brownies Marine Group Inc's net profit margin was -1.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.4 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

$4K

YoY-63.6%

5Y CAGR-49.9%

10Y CAGR-8.4%

Brownies Marine Group Inc invested $4K in research and development in fiscal year 2025. This represents a decrease of 63.6% from the prior year.

Share Buybacks

$100K

Brownies Marine Group Inc spent $100K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$22

YoY+0.0%

5Y CAGR-66.9%

10Y CAGR-46.8%

Brownies Marine Group Inc invested $22 in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 0.0% from the prior year.

BWMG Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$6.9M-15.9%	$8.2M+7.9%	$7.6M-11.6%	$8.6M+37.7%	$6.2M+36.7%	$4.6M
Cost of Revenue	$4.3M-11.6%	$4.9M-11.1%	$5.5M+8.2%	$5.1M+41.6%	$3.6M+40.7%	$2.5M
Gross Profit	$2.8M-14.9%	$3.3M+56.8%	$2.1M-24.6%	$2.8M+47.9%	$1.9M+29.0%	$1.5M
R&D Expenses	$4K-63.6%	$10K-28.0%	$14K-24.5%	$18K-75.6%	$75K-34.5%	$115K
SG&A Expenses	$3.0M-14.1%	$3.4M+5.4%	$3.3M-29.5%	$4.6M+26.2%	$3.7M+36.7%	$2.7M
Operating Income	-$147K-0.4%	-$147K+87.5%	-$1.2M+36.8%	-$1.9M+0.1%	-$1.9M-39.0%	-$1.3M
Interest Expense	$67K-23.4%	$87K+11.0%	$79K+85.2%	$42K+97.4%	$22K+16.0%	$19K
Income Tax	$17K	N/A	N/A	N/A	N/A	N/A
Net Income	-$105K+56.3%	-$241K+80.7%	-$1.2M+34.1%	-$1.9M-19.2%	-$1.6M-17.5%	-$1.4M
EPS (Diluted)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$2.1M-17.8%	$2.5M+64.7%	$1.5M-10.7%	$1.7M-30.7%	$2.5M+3.3%	$2.4M+48.7%	$1.6M+1.2%	$1.6M
Cost of Revenue	$1.1M-32.1%	$1.6M+59.4%	$1.0M+0.4%	$1.0M-25.3%	$1.4M-6.4%	$1.5M+43.0%	$1.0M-34.9%	$1.6M
Gross Profit	$962K+8.7%	$885K+75.6%	$504K-26.2%	$683K-38.1%	$1.1M+18.5%	$931K+58.4%	$587K+77.4%	$331K
R&D Expenses	$298-80.2%	$2K+31.8%	$1K+822.8%	-$158-495.0%	$40-99.4%	$7K+99.3%	$3K+9.0%	$3K
SG&A Expenses	$829K+9.9%	$754K+37.6%	$548K-31.9%	$805K-11.9%	$913K+11.0%	$823K-8.5%	$900K-4.0%	$937K
Operating Income	$133K+2.8%	$129K+386.0%	-$45K+62.9%	-$122K-164.2%	$190K+88.1%	$101K+132.0%	-$316K+48.2%	-$609K
Interest Expense	$56K+3217.6%	-$2K-106.3%	$28K-7.3%	$30K+89.3%	$16K-24.3%	$21K+5.9%	$20K-12.3%	$23K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$192K+24.8%	$154K+382.0%	-$54K+65.7%	-$159K-191.2%	$174K+117.9%	$80K+123.8%	-$336K+46.9%	-$632K
EPS (Diluted)	$0.00	$0.00	$0.00	N/A	$0.00	$0.00	$0.00	N/A

BWMG Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	N/A	$5.8M+20.7%	$4.8M-15.7%	$5.7M+21.2%	$4.7M+125.5%	$2.1M
Current Assets	N/A	$3.0M+10.8%	$2.7M-16.2%	$3.3M+10.1%	$3.0M+101.9%	$1.5M
Cash & Equivalents	N/A	$418K-3.1%	$431K-11.0%	$484K-24.7%	$643K+86.3%	$345K
Inventory	N/A	$2.1M+3.2%	$2.0M-17.5%	$2.4M+27.8%	$1.9M+119.4%	$864K
Accounts Receivable	N/A	N/A	N/A	$112K-9.3%	$123K+51.7%	$81K
Goodwill	N/A	$250K0.0%	$250K0.0%	$250K0.0%	$250K	N/A
Total Liabilities	N/A	$4.2M+31.5%	$3.2M+1.3%	$3.1M+53.6%	$2.0M+37.4%	$1.5M
Current Liabilities	N/A	$2.9M+14.3%	$2.5M+39.7%	$1.8M+28.4%	$1.4M+35.7%	$1.0M
Long-Term Debt	N/A	$47K-66.6%	$140K-33.5%	$210K	N/A	$60K
Total Equity	N/A	$1.6M-0.9%	$1.6M-36.8%	$2.5M-4.0%	$2.6M+350.1%	$584K
Retained Earnings	N/A	-$17.9M-1.4%	-$17.7M-7.6%	-$16.4M-13.0%	-$14.5M-12.3%	-$13.0M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$5.6M-3.1%	$5.8M+4.1%	$5.6M-3.2%	$5.8M+6.8%	$5.4M0.0%	$5.4M+17.4%	$4.6M-3.7%	$4.8M
Current Assets	$3.3M-1.0%	$3.3M+13.4%	$2.9M-2.8%	$3.0M-17.1%	$3.7M+2.8%	$3.6M+33.7%	$2.7M-2.9%	$2.7M
Cash & Equivalents	$480K+5.7%	$454K+33.0%	$341K-18.3%	$418K-35.4%	$646K-1.0%	$653K+173.5%	$239K-44.6%	$431K
Inventory	$2.3M+1.1%	$2.2M+1.1%	$2.2M+6.7%	$2.1M+4.8%	$2.0M-5.7%	$2.1M+6.0%	$2.0M-1.6%	$2.0M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$250K0.0%	$250K0.0%	$250K0.0%	$250K0.0%	$250K0.0%	$250K0.0%	$250K0.0%	$250K
Total Liabilities	$3.7M-10.3%	$4.2M+2.4%	$4.1M-3.2%	$4.2M+9.2%	$3.8M-4.8%	$4.0M+21.5%	$3.3M+4.2%	$3.2M
Current Liabilities	$2.7M-9.5%	$3.0M+8.3%	$2.8M-2.2%	$2.9M-11.4%	$3.2M-5.1%	$3.4M+28.1%	$2.7M+6.2%	$2.5M
Long-Term Debt	$34K-18.0%	$41K-10.1%	$46K-1.3%	$47K-39.5%	$77K+10.7%	$70K-10.8%	$78K-44.1%	$140K
Total Equity	$1.9M+14.6%	$1.7M+8.5%	$1.5M-3.1%	$1.6M+0.9%	$1.6M+14.3%	$1.4M+6.8%	$1.3M-19.6%	$1.6M
Retained Earnings	-$17.6M+1.2%	-$17.9M+0.7%	-$18.0M-0.3%	-$17.9M-0.9%	-$17.8M+1.0%	-$17.9M+0.4%	-$18.0M-1.9%	-$17.7M

BWMG Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$171K+41.8%	-$293K+21.7%	-$375K+44.7%	-$678K+11.8%	-$769K-38.4%	-$556K
Capital Expenditures	$220.0%	$22-99.9%	$30K+171.3%	$11K-53.4%	$24K+330.5%	$6K
Free Cash Flow	-$171K+41.8%	-$293K+27.5%	-$405K+41.3%	-$689K+13.1%	-$793K-41.2%	-$562K
Investing Cash Flow	-$14K-64345.5%	-$22+99.9%	-$30K+51.8%	-$62K-112.0%	$518K+9512.7%	-$6K
Financing Cash Flow	$75K-73.2%	$280K-20.3%	$351K-39.6%	$582K+5.8%	$550K-34.3%	$836K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$100K	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$26K-82.9%	$152K+231.0%	-$116K+51.1%	-$237K-4838.8%	-$5K-101.2%	$415K+188.9%	-$466K-6378.2%	-$7K
Capital Expenditures	N/A	N/A	N/A	-$14K-908.9%	$2K-72.9%	$6K+8.4%	$6K+366.9%	$1K
Free Cash Flow	N/A	N/A	N/A	-$251K-3730.6%	-$7K-101.6%	$408K+186.4%	-$472K-5468.3%	-$8K
Investing Cash Flow	$0	N/A	N/A	$14K+908.9%	-$2K+72.9%	-$6K-8.4%	-$6K-366.9%	-$1K
Financing Cash Flow	N/A	N/A	$39K+734.0%	-$6K	$0-100.0%	$6K-97.8%	$280K+84.5%	$152K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BWMG Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	40.9%+0.5pp	40.4%+12.6pp	27.8%-4.8pp	32.6%+2.2pp	30.3%-1.8pp	32.1%
Operating Margin	-2.1%-0.3pp	-1.8%+13.6pp	-15.4%+6.1pp	-21.6%+8.2pp	-29.8%-0.5pp	-29.3%
Net Margin	-1.5%+1.4pp	-2.9%+13.5pp	-16.5%+5.6pp	-22.1%+3.4pp	-25.5%+4.2pp	-29.7%
Return on Equity	N/A	-15.2%+63.0pp	-78.3%-3.2pp	-75.0%-14.6pp	-60.5%+171.1pp	-231.5%
Return on Assets	N/A	-4.2%+21.9pp	-26.1%+7.3pp	-33.4%+0.6pp	-34.0%+31.2pp	-65.2%
Current Ratio	N/A	1.06-0.0	1.09-0.7	1.82-0.3	2.12+0.7	1.43
Debt-to-Equity	N/A	0.03-0.1	0.090.0	0.08-0.7	0.78+0.7	0.10
FCF Margin	-2.5%+1.1pp	-3.6%+1.8pp	-5.3%+2.7pp	-8.0%+4.7pp	-12.7%-0.4pp	-12.3%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	46.4%+11.3pp	35.1%+2.2pp	33.0%-6.9pp	39.9%-4.8pp	44.7%+5.7pp	39.0%+2.4pp	36.5%+15.7pp	20.8%
Operating Margin	6.4%+1.3pp	5.1%+8.1pp	-3.0%+4.2pp	-7.1%-14.8pp	7.7%+3.5pp	4.2%+23.9pp	-19.6%+18.7pp	-38.4%
Net Margin	9.3%+3.1pp	6.1%+9.7pp	-3.6%+5.7pp	-9.3%-16.3pp	7.0%+3.7pp	3.3%+24.2pp	-20.9%+18.9pp	-39.8%
Return on Equity	10.1%+0.8pp	9.3%+12.8pp	-3.6%+6.5pp	-10.0%-21.2pp	11.1%+5.3pp	5.8%+32.0pp	-26.2%+13.4pp	-39.6%
Return on Assets	3.4%+0.8pp	2.6%+3.6pp	-1.0%+1.8pp	-2.8%-6.0pp	3.2%+1.7pp	1.5%+8.8pp	-7.3%+5.9pp	-13.2%
Current Ratio	1.21+0.1	1.10+0.0	1.050.0	1.06-0.1	1.13+0.1	1.04+0.0	1.00-0.1	1.09
Debt-to-Equity	0.020.0	0.030.0	0.030.0	0.03-0.0	0.050.0	0.05-0.0	0.06-0.0	0.09
FCF Margin	N/A	N/A	N/A	-14.7%-14.4pp	-0.3%-17.4pp	17.1%+46.5pp	-29.4%-28.8pp	-0.5%

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Frequently Asked Questions

What is Brownies Marine Group Inc's annual revenue?

Brownies Marine Group Inc (BWMG) reported $6.9M in total revenue for fiscal year 2025. This represents a -15.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Brownies Marine Group Inc's revenue growing?

Brownies Marine Group Inc (BWMG) revenue declined by 15.9% year-over-year, from $8.2M to $6.9M in fiscal year 2025.

Is Brownies Marine Group Inc profitable?

No, Brownies Marine Group Inc (BWMG) reported a net income of -$105K in fiscal year 2025, with a net profit margin of -1.5%.

What is Brownies Marine Group Inc's EBITDA?

Brownies Marine Group Inc (BWMG) had EBITDA of -$7K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Brownies Marine Group Inc's gross margin?

Brownies Marine Group Inc (BWMG) had a gross margin of 40.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Brownies Marine Group Inc's operating margin?

Brownies Marine Group Inc (BWMG) had an operating margin of -2.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Brownies Marine Group Inc's net profit margin?

Brownies Marine Group Inc (BWMG) had a net profit margin of -1.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Brownies Marine Group Inc's free cash flow?

Brownies Marine Group Inc (BWMG) generated -$171K in free cash flow during fiscal year 2025. This represents a 41.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Brownies Marine Group Inc's operating cash flow?

Brownies Marine Group Inc (BWMG) generated -$171K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Brownies Marine Group Inc's capital expenditures?

Brownies Marine Group Inc (BWMG) invested $22 in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Brownies Marine Group Inc spend on research and development?

Brownies Marine Group Inc (BWMG) invested $4K in research and development during fiscal year 2025.

Does Brownies Marine Group Inc buy back shares?

Yes, Brownies Marine Group Inc (BWMG) spent $100K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Brownies Marine Group Inc have outstanding?

Brownies Marine Group Inc (BWMG) had 503M shares outstanding as of fiscal year 2025.

Are Brownies Marine Group Inc's earnings high quality?

Brownies Marine Group Inc (BWMG) has an earnings quality ratio of 1.62x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Brownies Marine Group Inc cover its interest payments?

Brownies Marine Group Inc (BWMG) has an interest coverage ratio of -2.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.