What is Newton Golf Co's earnings per share (EPS)?

Newton Golf Co (NWTG) reported diluted earnings per share of $-1.63 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.

Newton Golf Co Financials

NWTG

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE March

This page shows Newton Golf Co (NWTG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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

Financial Profile 27/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Newton Golf Co has an operating margin of -92.8%, meaning the company retains $-93 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 -144.5% the prior year.

Growth

100

Newton Golf Co's revenue surged 136.1% year-over-year to $8.1M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

Newton Golf Co has a moderate D/E ratio of 2.56. This balance of debt and equity financing earns a leverage score of 50/100.

Liquidity

Newton Golf Co's current ratio of 0.94 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 14/100, which could limit financial flexibility.

Cash Flow

While Newton Golf Co generated -$5.2M in operating cash flow, capex of $469K consumed most of it, leaving -$5.6M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Newton Golf Co generates a -650.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100.

Piotroski F-Score Weak

3/9

Newton Golf Co 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.

Earnings Quality Low Quality

0.86x

For every $1 of reported earnings, Newton Golf Co generates $0.86 in operating cash flow (-$5.2M OCF vs -$6.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$8.1M

YoY+136.1%

Newton Golf Co generated $8.1M in revenue in fiscal year 2025. This represents an increase of 136.1% from the prior year.

EBITDA

-$7.2M

YoY-50.5%

Newton Golf Co's EBITDA was -$7.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 50.5% from the prior year.

Net Income

-$6.0M

YoY+48.8%

Newton Golf Co reported -$6.0M in net income in fiscal year 2025. This represents an increase of 48.8% from the prior year.

EPS (Diluted)

$-1.63

Newton Golf Co earned $-1.63 per diluted share (EPS) in fiscal year 2025. This represents an increase of 99.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$5.6M

YoY-3.8%

Newton Golf Co generated -$5.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 3.8% from the prior year.

Cash & Debt

$1.3M

YoY-83.0%

Newton Golf Co held $1.3M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

Newton Golf Co had 5M shares outstanding in fiscal year 2025. This represents an increase of 1445.2% from the prior year.

Margins & Returns

Gross Margin

56.0%

YoY-10.0pp

Newton Golf Co's gross margin was 56.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 10.0 percentage points from the prior year.

Operating Margin

-92.8%

YoY+51.7pp

Newton Golf Co's operating margin was -92.8% in fiscal year 2025, reflecting core business profitability. This is up 51.7 percentage points from the prior year.

Net Margin

-74.0%

YoY+267.1pp

Newton Golf Co's net profit margin was -74.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 267.1 percentage points from the prior year.

Return on Equity

-650.1%

Newton Golf Co's ROE was -650.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.

Capital Allocation

R&D Spending

$779K

YoY+4.8%

Newton Golf Co invested $779K in research and development in fiscal year 2025. This represents an increase of 4.8% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$469K

YoY-6.6%

Newton Golf Co invested $469K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 6.6% from the prior year.

NWTG Income Statement

Metric	FY25	FY24	FY23	FY22
Revenue	$8.1M+136.1%	$3.4M+887.1%	$349K+83.7%	$190K
Cost of Revenue	$3.6M+205.8%	$1.2M+415.9%	$227K+106.4%	$110K
Gross Profit	$4.6M+100.3%	$2.3M+1763.9%	$122K+52.5%	$80K
R&D Expenses	$779K+4.8%	$743K+188.0%	$258K+253.4%	$73K
SG&A Expenses	$11.3M+74.0%	$6.5M+44.7%	$4.5M+56.5%	$2.9M
Operating Income	-$7.5M-51.6%	-$5.0M-7.4%	-$4.6M-61.6%	-$2.9M
Interest Expense	N/A	N/A	$8K+112.5%	-$64K
Income Tax	N/A	N/A	N/A	N/A
Net Income	-$6.0M+48.8%	-$11.8M-154.1%	-$4.6M-32.0%	-$3.5M
EPS (Diluted)	$-1.63	$-178.33-57.3%	$-113.38	$-0.34

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$2.6M+24.9%	$2.1M+70.9%	$1.2M+13.0%	$1.1M-11.6%	$1.2M+49.0%	$813K+132.3%	$350K+199.1%	$117K
Cost of Revenue	$848K+26.8%	$669K+86.9%	$358K+20.5%	$297K-26.8%	$406K+25.3%	$324K+125.0%	$144K+54.8%	$93K
Gross Profit	$1.7M+23.9%	$1.4M+64.2%	$852K+10.1%	$774K-3.9%	$805K+64.6%	$489K+137.4%	$206K+758.3%	$24K
R&D Expenses	$182K+27.3%	$143K-49.3%	$282K+94.5%	$145K-27.9%	$201K-2.9%	$207K+8.9%	$190K-5.0%	$200K
SG&A Expenses	$3.1M+10.6%	$2.8M+8.7%	$2.5M+23.3%	$2.1M+21.6%	$1.7M+14.2%	$1.5M+16.8%	$1.3M-26.9%	$1.7M
Operating Income	-$1.5M+0.2%	-$1.5M+23.5%	-$2.0M-37.7%	-$1.4M-31.3%	-$1.1M+9.3%	-$1.2M+4.2%	-$1.3M+34.5%	-$1.9M
Interest Expense	N/A	N/A	N/A	N/A	N/A	$47K-24.2%	$62K+410.0%	-$20K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$1.6M-3.9%	-$1.5M-189.5%	-$525K+93.7%	-$8.3M-687.2%	-$1.1M+8.2%	-$1.2M+3.2%	-$1.2M+35.1%	-$1.8M
EPS (Diluted)	$-0.340.0%	$-0.34+38.2%	$-0.55	N/A	$-21.79-2658.2%	$-0.79	$-24.52	N/A

NWTG Balance Sheet

Metric	FY25	FY24	FY23	FY22
Total Assets	$3.3M-66.2%	$9.8M+52.7%	$6.4M+800.6%	$710K
Current Assets	$2.2M-75.6%	$9.0M+53.4%	$5.8M+1662.8%	$331K
Cash & Equivalents	$1.3M-83.0%	$7.7M+43.3%	$5.3M+3531.3%	$147K
Inventory	$374K-59.0%	$913K+268.1%	$248K+74.6%	$142K
Accounts Receivable	$102K-11.3%	$115K+117.0%	$53K+2550.0%	$2K
Goodwill	N/A	N/A	N/A	N/A
Total Liabilities	$2.4M-84.1%	$15.0M+2375.7%	$604K-76.7%	$2.6M
Current Liabilities	$2.3M-84.4%	$14.9M+3041.3%	$475K-78.1%	$2.2M
Long-Term Debt	N/A	N/A	N/A	N/A
Total Equity	$926K+117.9%	-$5.2M-189.6%	$5.8M+407.7%	-$1.9M
Retained Earnings	-$28.1M-27.3%	-$22.1M-113.9%	-$10.3M-81.3%	-$5.7M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$5.3M-19.5%	$6.5M-20.7%	$8.2M-15.7%	$9.8M+190.3%	$3.4M-20.4%	$4.2M-20.1%	$5.3M-17.3%	$6.4M
Current Assets	$4.2M-23.8%	$5.5M-25.2%	$7.4M-17.8%	$9.0M+267.8%	$2.4M-32.2%	$3.6M-23.3%	$4.7M-19.7%	$5.8M
Cash & Equivalents	$2.5M-36.4%	$4.0M-31.8%	$5.9M-23.3%	$7.7M+482.6%	$1.3M-52.9%	$2.8M-31.8%	$4.1M-23.5%	$5.3M
Inventory	$1.2M+13.3%	$1.0M-0.3%	$1.0M+13.7%	$913K+46.1%	$625K+31.0%	$477K+42.0%	$336K+35.5%	$248K
Accounts Receivable	$85K-47.5%	$162K+1.3%	$160K+39.1%	$115K-32.7%	$171K+8.9%	$157K+423.3%	$30K-43.4%	$53K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.2M+2.5%	$2.1M+5.5%	$2.0M-86.4%	$15.0M+1959.6%	$726K+21.2%	$599K+1.0%	$593K-1.8%	$604K
Current Liabilities	$2.1M+2.7%	$2.1M+3.0%	$2.0M-86.5%	$14.9M+2120.4%	$672K+28.5%	$523K+7.0%	$489K+2.9%	$475K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$3.1M-30.3%	$4.4M-29.3%	$6.2M+219.5%	-$5.2M-296.6%	$2.6M-27.3%	$3.6M-22.8%	$4.7M-18.9%	$5.8M
Retained Earnings	-$25.7M-6.6%	-$24.1M-6.7%	-$22.6M-2.4%	-$22.1M-60.8%	-$13.7M-8.4%	-$12.7M-10.0%	-$11.5M-11.6%	-$10.3M

NWTG Cash Flow Statement

Metric	FY25	FY24	FY23	FY22
Operating Cash Flow	-$5.2M-4.8%	-$4.9M+2.3%	-$5.0M-542.9%	-$785K
Capital Expenditures	$469K-6.6%	$502K+73.7%	$289K+285.3%	$75K
Free Cash Flow	-$5.6M-3.8%	-$5.4M-1.8%	-$5.3M-520.5%	-$860K
Investing Cash Flow	-$469K+6.6%	-$502K-73.7%	-$289K-285.3%	-$75K
Financing Cash Flow	-$717K-109.3%	$7.7M-26.3%	$10.5M+1140.0%	$847K
Dividends Paid	N/A	N/A	N/A	N/A
Share Buybacks	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	-$1.3M-9.2%	-$1.2M+22.4%	-$1.6M-4.4%	-$1.5M-37.4%	-$1.1M+8.4%	-$1.2M-3.4%	-$1.2M+7.3%	-$1.2M
Capital Expenditures	$93K-41.9%	$160K+22.1%	$131K+235.9%	$39K-85.8%	$275K+161.9%	$105K+26.5%	$83K-55.9%	$188K
Free Cash Flow	-$1.4M-3.2%	-$1.4M+19.0%	-$1.7M-10.3%	-$1.5M-12.6%	-$1.4M-5.4%	-$1.3M-4.9%	-$1.2M+13.7%	-$1.4M
Investing Cash Flow	-$93K+41.9%	-$160K-22.1%	-$131K-235.9%	-$39K+85.8%	-$275K-227.4%	-$84K+19.2%	-$104K+44.7%	-$188K
Financing Cash Flow	-$39K+92.1%	-$493K-486.9%	-$84K-101.1%	$7.9M+7390.7%	-$108K	N/A	N/A	$0
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A

NWTG Financial Ratios

Metric	FY25	FY24	FY23	FY22
Gross Margin	56.0%-10.0pp	66.0%+31.1pp	35.0%-7.1pp	42.1%
Operating Margin	-92.8%+51.7pp	-144.5%+1183.0pp	-1327.5%+181.4pp	-1508.9%
Net Margin	-74.0%+267.1pp	-341.1%+984.1pp	-1325.2%+519.5pp	-1844.7%
Return on Equity	-650.1%	N/A	-79.9%	N/A
Return on Assets	-182.5%-62.1pp	-120.3%-48.0pp	-72.3%+421.3pp	-493.7%
Current Ratio	0.94+0.3	0.60-11.7	12.28+12.1	0.15
Debt-to-Equity	2.56+5.4	-2.88-3.0	0.10+1.5	-1.38
FCF Margin	-69.3%+88.4pp	-157.7%+1371.3pp	-1528.9%-1076.3pp	-452.6%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	67.2%-0.5pp	67.7%-2.8pp	70.4%-1.9pp	72.3%+5.8pp	66.5%+6.3pp	60.2%+1.3pp	58.9%+38.4pp	20.5%
Operating Margin	-58.3%+14.6pp	-72.9%+90.0pp	-162.9%-29.3pp	-133.6%-43.6pp	-90.0%+57.8pp	-147.8%+210.7pp	-358.6%+1278.2pp	-1636.8%
Net Margin	-61.2%+12.3pp	-73.5%-30.1pp	-43.4%+735.7pp	-779.1%-691.5pp	-87.5%+54.5pp	-142.1%+198.8pp	-340.9%+1230.9pp	-1571.8%
Return on Equity	-51.7%-17.0pp	-34.7%-26.2pp	-8.5%	N/A	-40.2%-8.3pp	-31.8%-6.4pp	-25.4%+6.4pp	-31.8%
Return on Assets	-30.1%-6.8pp	-23.3%-16.9pp	-6.4%+79.1pp	-85.4%-53.9pp	-31.5%-4.2pp	-27.3%-4.8pp	-22.6%+6.2pp	-28.8%
Current Ratio	1.97-0.7	2.66-1.0	3.65+3.1	0.60-3.0	3.62-3.2	6.87-2.7	9.58-2.7	12.28
Debt-to-Equity	0.72+0.2	0.49+0.2	0.33+3.2	-2.88-3.2	0.28+0.1	0.17+0.0	0.13+0.0	0.10
FCF Margin	-54.9%+11.5pp	-66.4%+73.7pp	-140.1%+3.4pp	-143.5%-30.8pp	-112.7%+46.6pp	-159.3%+193.3pp	-352.6%+869.7pp	-1222.2%

Note: The current ratio is below 1.0 (0.94), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Newton Golf Co's annual revenue?

Newton Golf Co (NWTG) reported $8.1M in total revenue for fiscal year 2025. This represents a 136.1% 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 Newton Golf Co's revenue growing?

Newton Golf Co (NWTG) revenue grew by 136.1% year-over-year, from $3.4M to $8.1M in fiscal year 2025.

Is Newton Golf Co profitable?

No, Newton Golf Co (NWTG) reported a net income of -$6.0M in fiscal year 2025, with a net profit margin of -74.0%.

What is Newton Golf Co's EBITDA?

Newton Golf Co (NWTG) had EBITDA of -$7.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Newton Golf Co's gross margin?

Newton Golf Co (NWTG) had a gross margin of 56.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Newton Golf Co's operating margin?

Newton Golf Co (NWTG) had an operating margin of -92.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Newton Golf Co's net profit margin?

Newton Golf Co (NWTG) had a net profit margin of -74.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Newton Golf Co's return on equity (ROE)?

Newton Golf Co (NWTG) has a return on equity of -650.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Newton Golf Co's free cash flow?

Newton Golf Co (NWTG) generated -$5.6M in free cash flow during fiscal year 2025. This represents a -3.8% 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 Newton Golf Co's operating cash flow?

Newton Golf Co (NWTG) generated -$5.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Newton Golf Co's total assets?

Newton Golf Co (NWTG) had $3.3M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Newton Golf Co's capital expenditures?

Newton Golf Co (NWTG) invested $469K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Newton Golf Co spend on research and development?

Newton Golf Co (NWTG) invested $779K in research and development during fiscal year 2025.

How many shares does Newton Golf Co have outstanding?

Newton Golf Co (NWTG) had 5M shares outstanding as of fiscal year 2025.

What is Newton Golf Co's current ratio?

Newton Golf Co (NWTG) had a current ratio of 0.94 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Newton Golf Co's debt-to-equity ratio?

Newton Golf Co (NWTG) had a debt-to-equity ratio of 2.56 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Newton Golf Co's return on assets (ROA)?

Newton Golf Co (NWTG) had a return on assets of -182.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Newton Golf Co's cash runway?

Based on fiscal year 2025 data, Newton Golf Co (NWTG) had $1.3M in cash against an annual operating cash burn of $5.2M. This gives an estimated cash runway of approximately 3 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 Newton Golf Co's Piotroski F-Score?

Newton Golf Co (NWTG) 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 Newton Golf Co's earnings high quality?

Newton Golf Co (NWTG) has an earnings quality ratio of 0.86x, 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.

How financially healthy is Newton Golf Co?

Newton Golf Co (NWTG) scores 27 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.