Brownies Marine Group Inc Financials
This page shows Brownies Marine Group Inc (BWMG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Brownies Marine Group Inc has an operating margin of -1.8%, meaning the company retains $-2 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -15.4% the prior year.
Brownies Marine Group Inc's revenue grew 7.9% year-over-year to $8.2M, a solid pace of expansion. This earns a growth score of 51/100.
Brownies Marine Group Inc carries a low D/E ratio of 0.03, meaning only $0.03 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Brownies Marine Group Inc's current ratio of 1.06 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 22/100, which could limit financial flexibility.
While Brownies Marine Group Inc generated -$293K in operating cash flow, capex of $22 consumed most of it, leaving -$293K in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Brownies Marine Group Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Brownies Marine Group Inc generates $1.22 in operating cash flow (-$293K OCF vs -$241K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Brownies Marine Group Inc earns $-1.7 in operating income for every $1 of interest expense (-$147K vs $87K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Brownies Marine Group Inc generated $8.2M in revenue in fiscal year 2024. This represents an increase of 7.9% from the prior year.
Brownies Marine Group Inc's EBITDA was -$35K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 96.5% from the prior year.
Brownies Marine Group Inc generated -$293K in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 27.5% from the prior year.
Brownies Marine Group Inc reported -$241K in net income in fiscal year 2024. This represents an increase of 80.7% from the prior year.
Brownies Marine Group Inc earned $0.00 per diluted share (EPS) in fiscal year 2024.
Brownies Marine Group Inc held $418K in cash against $47K in long-term debt as of fiscal year 2024.
Brownies Marine Group Inc had 439M shares outstanding in fiscal year 2024. This represents an increase of 0.3% from the prior year.
Brownies Marine Group Inc's gross margin was 40.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 12.6 percentage points from the prior year.
Brownies Marine Group Inc's operating margin was -1.8% in fiscal year 2024, reflecting core business profitability. This is up 13.6 percentage points from the prior year.
Brownies Marine Group Inc's net profit margin was -2.9% in fiscal year 2024, showing the share of revenue converted to profit. This is up 13.5 percentage points from the prior year.
Brownies Marine Group Inc invested $10K in research and development in fiscal year 2024. This represents a decrease of 28.0% from the prior year.
Brownies Marine Group Inc invested $22 in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 99.9% from the prior year.
BWMG Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| 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 | $0 | $0-100.0% | $44-98.6% | $3K+231.0% | $963+311.2% | -$456-112.1% | $4K | 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
BWMG Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| 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 | $57K+102.1% | $28K+140.3% | $12K-89.5% | $111K+342.0% | $25K-49.7% | $50K+47.5% | $34K+655.8% | $4K |
| 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 | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| 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 | $31K+57.1% | $19K | $0+100.0% | -$14K-908.9% | $2K-72.9% | $6K+8.4% | $6K+366.9% | $1K |
| Free Cash Flow | $130K+6075.3% | -$2K-105.5% | $40K+115.8% | -$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 | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| 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% | N/A | N/A | 11.1%+5.3pp | 5.8% | N/A | N/A |
| 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 | 16.2%+16.4pp | -0.3%-7.0pp | 6.8%+21.4pp | -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 $8.2M in total revenue for fiscal year 2024. This represents a 7.9% 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 grew by 7.9% year-over-year, from $7.6M to $8.2M in fiscal year 2024.
Is Brownies Marine Group Inc profitable?
No, Brownies Marine Group Inc (BWMG) reported a net income of -$241K in fiscal year 2024, with a net profit margin of -2.9%.
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 2024. 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.
What is Brownies Marine Group Inc's EBITDA?
Brownies Marine Group Inc (BWMG) had EBITDA of -$35K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Brownies Marine Group Inc have?
As of fiscal year 2024, Brownies Marine Group Inc (BWMG) had $418K in cash and equivalents against $47K in long-term debt.
What is Brownies Marine Group Inc's gross margin?
Brownies Marine Group Inc (BWMG) had a gross margin of 40.4% in fiscal year 2024, 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 -1.8% in fiscal year 2024, 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 -2.9% in fiscal year 2024, 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 -$293K in free cash flow during fiscal year 2024. This represents a 27.5% 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 -$293K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Brownies Marine Group Inc's total assets?
Brownies Marine Group Inc (BWMG) had $5.8M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Brownies Marine Group Inc's capital expenditures?
Brownies Marine Group Inc (BWMG) invested $22 in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Brownies Marine Group Inc spend on research and development?
Brownies Marine Group Inc (BWMG) invested $10K in research and development during fiscal year 2024.
How many shares does Brownies Marine Group Inc have outstanding?
Brownies Marine Group Inc (BWMG) had 439M shares outstanding as of fiscal year 2024.
What is Brownies Marine Group Inc's current ratio?
Brownies Marine Group Inc (BWMG) had a current ratio of 1.06 as of fiscal year 2024, which is considered adequate.
What is Brownies Marine Group Inc's debt-to-equity ratio?
Brownies Marine Group Inc (BWMG) had a debt-to-equity ratio of 0.03 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Brownies Marine Group Inc's return on assets (ROA)?
Brownies Marine Group Inc (BWMG) had a return on assets of -4.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Brownies Marine Group Inc's cash runway?
Based on fiscal year 2024 data, Brownies Marine Group Inc (BWMG) had $418K in cash against an annual operating cash burn of $293K. This gives an estimated cash runway of approximately 17 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Brownies Marine Group Inc's Piotroski F-Score?
Brownies Marine Group Inc (BWMG) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Brownies Marine Group Inc's earnings high quality?
Brownies Marine Group Inc (BWMG) has an earnings quality ratio of 1.22x, 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 -1.7x, 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.
How financially healthy is Brownies Marine Group Inc?
Brownies Marine Group Inc (BWMG) scores 35 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.