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 Mar 31, 2026 Currency USD FYE December

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).

Rhea AI BWMG FY2025 2026-05-15

Brownie’s move toward breakeven comes from higher gross margins and leaner overhead, not from larger sales volume.

From FY2023 to FY2025, gross margin stepped up from 27.8% to 37.4%. With SG&A also down by about $308K over that span, the operating loss shrank far faster than revenue moved, which points to a reset in unit economics and cost structure rather than simple sales growth.

The remaining losses look operational rather than accounting-made: FY2025 net loss was -$105K and operating cash flow was -$171K, so profit and cash are now telling a similar story. But cash burn has not fully disappeared, which means the business is still not internally funding itself.

Liquidity is tighter than the current ratio suggests because inventory-heavy working capital ties up $2.34M while cash was only $308K. At the same time, debt is minimal and shares outstanding have risen across the period, so the company has leaned more on shareholder capital than borrowing.

Financial Health Signals

Financial Profile 30/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Brownies Marine Group Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Brownies Marine Group Inc has an operating margin of -2.0%, meaning the company retains $-2 of operating profit per $100 of revenue. This below-average margin results in a low score of 12/100, suggesting thin profitability after operating expenses. This is down from -1.8% the prior year.

Growth

Brownies Marine Group Inc's revenue declined 8% year-over-year, from $8.2M to $7.5M. This contraction results in a growth score of 33/100.

Leverage

100

Brownies Marine Group Inc carries a low D/E ratio of 0.02, meaning only $0.02 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.

Liquidity

Brownies Marine Group Inc's current ratio of 1.24 is below the typical benchmark, resulting in a score of 20/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Returns

Brownies Marine Group Inc generates a -5.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -15.2% the prior year.

Piotroski F-Score Neutral

4/9

Brownies Marine Group Inc passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

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

$7.5M

YoY-8.0%

5Y CAGR+10.5%

10Y CAGR+10.5%

Brownies Marine Group Inc generated $7.5M in revenue in fiscal year 2025. This represents a decrease of 8.0% 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

N/A

Cash & Debt

$308K

YoY-26.3%

5Y CAGR-2.3%

10Y CAGR+8.1%

Brownies Marine Group Inc held $308K in cash against $31K in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

449M

YoY+2.3%

5Y CAGR+8.0%

10Y CAGR+17.9%

Brownies Marine Group Inc had 449M shares outstanding in fiscal year 2025. This represents an increase of 2.3% from the prior year.

Margins & Returns

Gross Margin

37.4%

YoY-3.1pp

5Y CAGR+5.3pp

10Y CAGR+3.8pp

Brownies Marine Group Inc's gross margin was 37.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 3.1 percentage points from the prior year.

Operating Margin

-2.0%

YoY-0.2pp

5Y CAGR+27.3pp

10Y CAGR-10.9pp

Brownies Marine Group Inc's operating margin was -2.0% in fiscal year 2025, reflecting core business profitability. This is down 0.2 percentage points from the prior year.

Net Margin

-1.4%

YoY+1.5pp

5Y CAGR+28.3pp

10Y CAGR-9.7pp

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

Return on Equity

-5.4%

YoY+9.8pp

5Y CAGR+226.1pp

Brownies Marine Group Inc's ROE was -5.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 9.8 percentage points from the prior year.

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

N/A

Capital Expenditures

N/A

BWMG Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$7.5M-8.0%	$8.2M+7.8%	$7.6M-11.6%	$8.6M+37.7%	$6.2M+36.7%	$4.6M
Cost of Revenue	$4.7M-3.3%	$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	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$2.1M+51.4%	$1.4M-32.5%	$2.1M-17.8%	$2.5M+64.7%	$1.5M-10.2%	$1.7M-31.0%	$2.5M+3.3%	$2.4M
Cost of Revenue	$1.1M+21.0%	$937K-15.6%	$1.1M-32.1%	$1.6M+59.4%	$1.0M+0.4%	$1.0M-25.3%	$1.4M-6.4%	$1.5M
Gross Profit	$982K+113.2%	$461K-52.1%	$962K+8.7%	$885K+75.6%	$504K-26.2%	$683K-38.1%	$1.1M+18.5%	$931K
R&D Expenses	$4K+418.6%	$693+132.6%	$298-80.2%	$2K+31.8%	$1K+822.8%	-$158-495.0%	$40-99.4%	$7K
SG&A Expenses	$1.0M+24.1%	$824K-0.5%	$829K+9.9%	$754K+37.6%	$548K-31.9%	$805K-11.9%	$913K+11.0%	$823K
Operating Income	-$44K+87.8%	-$364K-374.1%	$133K+2.8%	$129K+386.0%	-$45K+62.9%	-$122K-164.2%	$190K+88.1%	$101K
Interest Expense	$9K+157.0%	-$15K-127.0%	$56K+3217.6%	-$2K-106.3%	$28K-7.3%	$30K+89.3%	$16K-24.3%	$21K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$493K+224.5%	-$396K-306.6%	$192K+24.8%	$154K+382.0%	-$54K+65.7%	-$159K-191.2%	$174K+117.9%	$80K
EPS (Diluted)	$0.00	N/A	$0.00	$0.00	$0.00	N/A	$0.00	$0.00

BWMG Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$5.2M-9.5%	$5.8M+20.7%	$4.8M-15.7%	$5.7M+21.2%	$4.7M+125.5%	$2.1M
Current Assets	$3.0M+0.3%	$3.0M+10.8%	$2.7M-16.2%	$3.3M+10.1%	$3.0M+101.9%	$1.5M
Cash & Equivalents	$308K-26.3%	$418K-3.1%	$431K-11.0%	$484K-24.7%	$643K+86.3%	$345K
Inventory	$2.3M+13.5%	$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	$250K0.0%	$250K0.0%	$250K0.0%	$250K0.0%	$250K	N/A
Total Liabilities	$3.3M-21.5%	$4.2M+31.5%	$3.2M+1.3%	$3.1M+53.6%	$2.0M+37.4%	$1.5M
Current Liabilities	$2.5M-14.0%	$2.9M+14.3%	$2.5M+39.7%	$1.8M+28.4%	$1.4M+35.7%	$1.0M
Long-Term Debt	$31K-33.3%	$47K-66.6%	$140K-33.5%	$210K	N/A	$60K
Total Equity	$1.9M+22.4%	$1.6M-0.9%	$1.6M-36.8%	$2.5M-4.0%	$2.6M+350.1%	$584K
Retained Earnings	-$18.0M-0.6%	-$17.9M-1.4%	-$17.7M-7.6%	-$16.4M-13.0%	-$14.5M-12.3%	-$13.0M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$5.8M+11.0%	$5.2M-7.3%	$5.6M-3.1%	$5.8M+4.1%	$5.6M-3.2%	$5.8M+6.8%	$5.4M0.0%	$5.4M
Current Assets	$3.7M+22.0%	$3.0M-8.1%	$3.3M-1.0%	$3.3M+13.4%	$2.9M-2.8%	$3.0M-17.1%	$3.7M+2.8%	$3.6M
Cash & Equivalents	$850K+176.0%	$308K-35.8%	$480K+5.7%	$454K+33.0%	$341K-18.3%	$418K-35.4%	$646K-1.0%	$653K
Inventory	$2.3M0.0%	$2.3M+4.0%	$2.3M+1.1%	$2.2M+1.1%	$2.2M+6.7%	$2.1M+4.8%	$2.0M-5.7%	$2.1M
Accounts Receivable	$212K	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	$3.4M+2.0%	$3.3M-11.8%	$3.7M-10.3%	$4.2M+2.4%	$4.1M-3.2%	$4.2M+9.2%	$3.8M-4.8%	$4.0M
Current Liabilities	$2.6M+4.9%	$2.5M-10.3%	$2.7M-9.5%	$3.0M+8.3%	$2.8M-2.2%	$2.9M-11.4%	$3.2M-5.1%	$3.4M
Long-Term Debt	$53K+68.8%	$31K-8.2%	$34K-18.0%	$41K-10.1%	$46K-1.3%	$47K-39.5%	$77K+10.7%	$70K
Total Equity	$2.4M+26.3%	$1.9M+1.6%	$1.9M+14.6%	$1.7M+8.5%	$1.5M-3.1%	$1.6M+0.9%	$1.6M+14.3%	$1.4M
Retained Earnings	-$17.5M+2.7%	-$18.0M-2.2%	-$17.6M+1.2%	-$17.9M+0.7%	-$18.0M-0.3%	-$17.9M-0.9%	-$17.8M+1.0%	-$17.9M

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	N/A	$22-99.9%	$30K+171.3%	$11K-53.4%	$24K+330.5%	$6K
Free Cash Flow	N/A	-$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	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$687K+395.3%	-$233K-994.4%	$26K-82.9%	$152K+231.0%	-$116K+51.1%	-$237K-4838.9%	-$5K-101.2%	$415K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	-$14K-908.9%	$2K-72.9%	$6K
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	-$251K-3730.6%	-$7K-101.6%	$408K
Investing Cash Flow	N/A	-$14K	$0	N/A	N/A	$14K+908.9%	-$2K+72.9%	-$6K
Financing Cash Flow	-$145K	N/A	N/A	N/A	$39K+734.0%	-$6K	$0-100.0%	$6K
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	37.4%-3.1pp	40.5%+12.6pp	27.8%-4.8pp	32.6%+2.2pp	30.3%-1.8pp	32.1%
Operating Margin	-2.0%-0.2pp	-1.8%+13.6pp	-15.4%+6.1pp	-21.6%+8.2pp	-29.8%-0.5pp	-29.3%
Net Margin	-1.4%+1.5pp	-2.9%+13.5pp	-16.5%+5.6pp	-22.1%+3.4pp	-25.5%+4.2pp	-29.7%
Return on Equity	-5.4%+9.8pp	-15.2%+63.0pp	-78.3%-3.2pp	-75.0%-14.6pp	-60.5%+171.1pp	-231.5%
Return on Assets	-2.0%+2.2pp	-4.2%+21.9pp	-26.1%+7.3pp	-33.4%+0.6pp	-34.0%+31.2pp	-65.2%
Current Ratio	1.24+0.2	1.06-0.0	1.09-0.7	1.82-0.3	2.12+0.7	1.43
Debt-to-Equity	0.02-0.0	0.03-0.1	0.090.0	0.08-0.7	0.78+0.7	0.10
FCF Margin	N/A	-3.6%+1.8pp	-5.3%+2.7pp	-8.0%+4.7pp	-12.7%-0.4pp	-12.3%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	46.4%+13.5pp	33.0%-13.5pp	46.4%+11.3pp	35.1%+2.2pp	33.0%-7.1pp	40.1%-4.6pp	44.7%+5.7pp	39.0%
Operating Margin	-2.1%+24.0pp	-26.1%-32.5pp	6.4%+1.3pp	5.1%+8.1pp	-3.0%+4.2pp	-7.1%-14.8pp	7.7%+3.5pp	4.2%
Net Margin	23.3%+51.6pp	-28.3%-37.6pp	9.3%+3.1pp	6.1%+9.7pp	-3.6%+5.8pp	-9.3%-16.4pp	7.0%+3.7pp	3.3%
Return on Equity	20.2%+40.6pp	-20.5%-30.5pp	10.1%+0.8pp	9.3%+12.8pp	-3.6%+6.5pp	-10.0%-21.2pp	11.1%+5.3pp	5.8%
Return on Assets	8.5%+16.1pp	-7.6%-11.0pp	3.4%+0.8pp	2.6%+3.6pp	-1.0%+1.8pp	-2.8%-6.0pp	3.2%+1.7pp	1.5%
Current Ratio	1.44+0.2	1.24+0.0	1.21+0.1	1.10+0.0	1.050.0	1.06-0.1	1.13+0.1	1.04
Debt-to-Equity	0.020.0	0.020.0	0.020.0	0.030.0	0.030.0	0.03-0.0	0.050.0	0.05
FCF Margin	N/A	N/A	N/A	N/A	N/A	-14.7%-14.5pp	-0.3%-17.4pp	17.1%

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Frequently Asked Questions

What is Brownies Marine Group Inc's annual revenue?

Brownies Marine Group Inc (BWMG) reported $7.5M in total revenue for fiscal year 2025. This represents a -8.0% 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 8% year-over-year, from $8.2M to $7.5M 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 -1.4%.

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.

How much debt does Brownies Marine Group Inc have?

As of fiscal year 2025, Brownies Marine Group Inc (BWMG) had $308K in cash and equivalents against $31K in long-term debt.

What is Brownies Marine Group Inc's gross margin?

Brownies Marine Group Inc (BWMG) had a gross margin of 37.4% 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 -2.0% 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 -1.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Brownies Marine Group Inc's return on equity (ROE)?

Brownies Marine Group Inc (BWMG) has a return on equity of -5.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

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 total assets?

Brownies Marine Group Inc (BWMG) had $5.2M in total assets as of fiscal year 2025, including both current and long-term assets.

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.

How many shares does Brownies Marine Group Inc have outstanding?

Brownies Marine Group Inc (BWMG) had 449M shares outstanding as of fiscal year 2025.

What is Brownies Marine Group Inc's current ratio?

Brownies Marine Group Inc (BWMG) had a current ratio of 1.24 as of fiscal year 2025, 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 0.02 as of fiscal year 2025, 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 -2.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Brownies Marine Group Inc's cash runway?

Based on fiscal year 2025 data, Brownies Marine Group Inc (BWMG) had $308K in cash against an annual operating cash burn of $171K. This gives an estimated cash runway of approximately 22 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 4 out of 9, indicating neutral 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 to 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 1.62x, 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.

How financially healthy is Brownies Marine Group Inc?

Brownies Marine Group Inc (BWMG) scores 30 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.