Newton Golf Co (NWTG) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 11, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NWTG SEC filings page.
Newton Golf Co (NWTG) reported $7.2M in revenue over the twelve months to Jun 30, 2026, up 28.8% from the prior twelve months. This page shows its 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).
Revenue scaled rapidly, but higher selling costs and recurring cash outflows kept the business structurally loss-making.
Revenue more than doubled from FY2024 to FY2025, yet gross margin narrowed from66.0% to56.0% ; the expansion was accompanied by weaker unit economics rather than clean scale benefits. SG&A also rose in dollars, so gross-profit improvement did not translate into operating leverage.
The FY2025 net loss of
Current assets were below current liabilities in FY2025, reflected in a current ratio of 0.9x. Debt-to-equity was 2.6x, while the financing pattern shifted from
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Newton Golf Co'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.
Newton Golf Co held $1.3M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $5.2M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Newton Golf Co scores 12/100 among other emerging companies.
Newton Golf Co had 5M shares outstanding at the end of fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Newton Golf Co scores 84/100 among other emerging companies.
Newton Golf Co spent $779K on research and development in fiscal year 2025, which was 5.0% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Newton Golf Co scores 23/100 among other emerging companies.
Newton Golf Co reported revenue of $8.1M in fiscal year 2025, against $3.4M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Newton Golf Co scores 95/100 among other emerging companies.
Newton Golf Co's operations used $5.2M of cash in fiscal year 2025, against $4.9M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Newton Golf Co scores 43/100 among other emerging companies.
Newton Golf Co's cash, cash equivalents and investments came to $1.3M at the end of fiscal year 2025, against $2.4M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Newton Golf Co scores 45/100 among other emerging companies.
Newton Golf Co scores -15.32, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($6.9M) relative to total liabilities ($2.4M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Newton Golf Co passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Newton Golf Co reported a net loss of $6.0M while operations used $5.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Newton Golf Co generated $1.3M in revenue in Q2 2026. This represents a decrease of 36.4% from the same quarter a year earlier. Against the prior quarter it is up 32.8%.
Newton Golf Co's EBITDA was -$1.5M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 2.2% from the same quarter a year earlier. Against the prior quarter it is up 42.6%.
Newton Golf Co reported -$2.3M in net income in Q2 2026. This represents a decrease of 49.9% from the same quarter a year earlier. Against the prior quarter it is up 14.3%.
Newton Golf Co earned -$0.49 per diluted share (EPS) in Q2 2026. This represents a decrease of 44.1% from the same quarter a year earlier. Against the prior quarter it is up 15.5%.
Cash & Balance Sheet
Newton Golf Co recorded an outflow of $1.8M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 31.2% from the same quarter a year earlier. Against the prior quarter it is down 52.5%.
Newton Golf Co held $442K in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Newton Golf Co's gross margin was 69.2% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 1.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.8 percentage points.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for Q2 2026.
Capital Allocation
Newton Golf Co invested $348K in research and development in Q2 2026. This represents an increase of 143.4% from the same quarter a year earlier. It is unchanged from the prior quarter.
Newton Golf Co invested $82K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 48.8% from the same quarter a year earlier. Against the prior quarter it is down 5.7%.
Not reported for Q2 2026.
NWTG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3M-36.4% | $991K-18.1% | $2.3M+112.4% | $2.6M+113.2% | $2.1M+154.4% | $1.2M+245.7% | $1.1M+815.4% | $1.2M+1174.7% |
| Cost of Revenue | $405K-39.5% | $363K+1.4% | $1.7M+474.4% | $848K+108.9% | $669K+106.5% | $358K+148.6% | $297K+219.4% | $406K+625.0% |
| Gross Profit | $911K-34.9% | $628K-26.3% | $569K-26.5% | $1.7M+115.4% | $1.4M+186.1% | $852K+313.6% | $774K+3125.0% | $805K+1964.1% |
| R&D Expenses | $348K+143.4% | $348K+23.4% | $172K+18.6% | $182K-9.5% | $143K-30.9% | $282K+48.4% | $145K-27.5% | $201K+1240.0% |
| SG&A Expenses | $2.1M-23.9% | $2.9M+13.9% | $3.0M+43.8% | $3.1M+80.4% | $2.8M+86.2% | $2.5M+99.9% | $2.1M+18.5% | $1.7M+41.8% |
| Operating Income | -$1.5M-2.2% | -$2.6M-32.7% | -$2.6M-79.3% | -$1.5M-38.0% | -$1.5M-25.4% | -$2.0M-57.1% | -$1.4M+25.3% | -$1.1M+6.9% |
| EBITDA | -$1.5M-2.2% | -$2.5M-32.5% | -$2.5M-79.2% | -$1.4M-37.6% | -$1.4M-22.8% | -$1.9M-55.1% | -$1.4M+26.9% | -$1.0M+11.5% |
| Interest Expense | -$43K-248.3% | -$2K-104.4% | N/A | N/A | $29K-38.3% | $45K-27.4% | N/A | N/A |
| Net Income | -$2.3M-49.9% | -$2.7M-406.5% | -$2.4M+71.3% | -$1.6M-49.1% | -$1.5M-31.6% | -$525K+56.0% | -$8.3M-353.7% | -$1.1M+11.4% |
| EPS (Basic) | -$0.49-44.1% | -$0.58-5.5% | -$0.56+99.5% | -$0.34+98.4% | -$0.34+57.0% | -$0.55+97.8% | -$108.28-77242.9% | -$21.79-2218.1% |
| EPS (Diluted) | -$0.49-44.1% | -$0.58 | -$0.56 | -$0.34 | -$0.34 | -$0.55 | -$108.28 | -$21.79 |
| Diluted Shares (Avg) | 5M+2.1% | 5M | N/A | 5M | 5M | 953,959 | N/A | 48,653 |
Not reported in any period shown, so not listed: Income Tax.
NWTG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.5M-61.8% | $2.6M-68.0% | $3.3M-66.2% | $5.3M+56.1% | $6.5M+54.4% | $8.2M+55.6% | $9.8M+52.7% | $3.4M-57.8% |
| Current Assets | $1.4M-74.8% | $1.5M-79.1% | $2.2M-75.6% | $4.2M+72.4% | $5.5M+53.4% | $7.4M+57.1% | $9.0M+53.4% | $2.4M-68.5% |
| Cash & Equivalents | $442K-89.0% | $593K-89.9% | $1.3M-83.0% | $2.5M+94.1% | $4.0M+43.8% | $5.9M+43.8% | $7.7M+43.3% | $1.3M-80.6% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $406K-60.8% | $605K-41.7% | $374K-59.0% | $1.2M+87.7% | $1.0M+117.0% | $1.0M+208.9% | $913K+268.1% | $625K+278.8% |
| Accounts Receivable | $312K+92.6% | $75K-53.1% | $102K-11.3% | $85K-50.3% | $162K+3.2% | $160K+433.3% | $115K+117.0% | $171K+850.0% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $6.0M+179.4% | $4.2M+104.6% | $2.4M-84.1% | $2.2M+202.5% | $2.1M+257.8% | $2.0M+242.7% | $15.0M+2375.7% | $726K+73.3% |
| Current Liabilities | $4.0M+91.0% | $3.7M+83.4% | $2.3M-84.4% | $2.1M+217.1% | $2.1M+296.6% | $2.0M+311.9% | $14.9M+3041.3% | $672K+63.9% |
| Non-Current Liabilities | $2.0M+2836.2% | $463K+2472.2% | $44K+37.5% | $65K+20.4% | $69K-9.2% | $18K-82.7% | $32K-75.2% | $54K+500.0% |
| Total Equity | -$3.5M-179.9% | -$1.5M-124.5% | $926K+117.9% | $3.1M+15.8% | $4.4M+20.8% | $6.2M+32.0% | -$5.2M-189.6% | $2.6M-65.1% |
| Retained Earnings | -$33.0M-37.0% | -$30.7M-36.1% | -$28.1M-27.3% | -$25.7M-87.2% | -$24.1M-90.4% | -$22.6M-96.3% | -$22.1M-113.9% | -$13.7M-61.9% |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
NWTG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.7M-41.8% | -$1.1M+30.0% | -$1.1M+28.9% | -$1.3M-21.5% | -$1.2M-1.9% | -$1.6M-35.9% | -$1.5M-20.6% | -$1.1M+68.8% |
| Depreciation & Amortization | $84K+1.2% | $79K+38.6% | $81K+84.1% | $84K+44.8% | $83K+97.6% | $57K+171.4% | $44K+158.8% | $58K+1060.0% |
| Stock-Based Compensation | $127K+202.4% | $151K+190.4% | N/A | $122K+71.8% | $42K-50.6% | $52K-47.5% | N/A | $71K |
| Capital Expenditures | $82K-48.8% | $87K-33.6% | $85K+117.9% | $93K-66.2% | $160K+52.4% | $131K+57.8% | $39K-79.3% | $275K+180.6% |
| Free Cash Flow | -$1.8M-31.2% | -$1.2M+30.3% | -$1.1M+25.2% | -$1.4M-3.8% | -$1.4M-6.0% | -$1.7M-37.4% | -$1.5M-7.5% | -$1.4M+62.0% |
| Investing Cash Flow | -$82K+48.8% | -$87K+33.6% | -$85K-117.9% | -$93K+66.2% | -$160K-90.5% | -$131K-26.0% | -$39K+79.3% | -$275K-180.6% |
| Financing Cash Flow | $1.7M+434.9% | $477K+667.9% | -$101K-101.3% | -$39K+63.9% | -$493K | -$84K | $7.9M | -$108K-101.0% |
| Share Buybacks | N/A | N/A | N/A | $0 | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
NWTG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 69.2%+1.6pp | 63.4%-7.0pp | 25.0%-47.3pp | 67.2%+0.7pp | 67.7%+7.5pp | 70.4%+11.5pp | 72.3%+51.8pp | 66.5%+25.4pp |
| Operating Margin | -117.0% | -263.9% | -112.8% | -58.3%+31.8pp | -72.9% | -162.9% | -133.6% | -90.0% |
| Net Margin | -173.1% | -268.3% | -105.3% | -61.2%+26.3pp | -73.5% | -43.4% | -779.1% | -87.5% |
| Return on Equity | N/A | N/A | -258.6% | -51.7%-11.5pp | -34.7%-2.9pp | -8.5%+16.9pp | N/A | -40.2%-24.3pp |
| Return on Assets | -91.5%-68.2pp | -100.9%-94.5pp | -72.6%+12.8pp | -30.1%+1.4pp | -23.3%+4.0pp | -6.4%+16.2pp | -85.4%-56.7pp | -31.5%-16.5pp |
| Current Ratio | 0.35-2.3x | 0.42-3.2x | 0.94+0.3x | 1.97-1.7x | 2.66-4.2x | 3.65-5.9x | 0.60-11.7x | 3.62-15.2x |
| Debt-to-Equity | N/A | N/A | 2.56 | 0.72+0.4x | 0.49+0.3x | 0.33+0.2x | N/A | 0.28+0.2x |
| Asset Turnover | 0.53+0.2x | 0.38+0.2x | 0.69+0.6x | 0.49+0.1x | 0.32+0.1x | 0.15+0.1x | 0.11+0.1x | 0.36+0.3x |
| FCF Margin | -136.9% | -119.3% | -50.5% | -54.9% | -66.4% | -140.1% | -143.5% | -112.7% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: The current ratio is below 1.0 (0.94), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Newton Golf Co NWTG | FY2025 | $8.1M | -$6.0M | -74.0% | $6.9M | 50/100 |
| Mixed Martial MMA | FY2025 | $1.4M | -$26.0M | N/A | $10.8M | 15/100 |
| HWH International HWH | FY2025 | $867K | -$2.6M | N/A | $14.4M | — |
| Golden Heaven Gr GDHG | FY2025 | $15.3M | -$8.6M | -56.2% | $76.1M | 40/100 |
| AiRWA Inc YYAI | FY2025 | $12.8M | -$4.6M | -36.1% | $42K | 56/100 |
| K-Tech Solutions Company Limited KMRK | FY2026 | $16.2M | $171K | 1.1% | $21.7M | 57/100 |
Where Newton Golf Co Ranks
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) recorded an outflow of $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) recorded an outflow of $5.2M in operating cash flow during fiscal year 2025, representing cash used by 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.
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 P/E ratio?
Newton Golf Co (NWTG) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $6.9M as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Newton Golf Co's price-to-sales ratio?
Newton Golf Co (NWTG) trades at 1.0x sales, its market capitalization divided by revenue of $7.2M revenue, trailing 12 months to June 30, 2026. The market capitalization is $6.9M as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Newton Golf Co's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Newton Golf Co (NWTG) held $1.3M in cash, cash equivalents and investments, and reported an operating cash outflow of $5.2M over that year. Dividing the one by the other, the reported balance equals about 3 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Newton Golf Co's Altman Z-Score?
Newton Golf Co (NWTG) has an Altman Z-Score of -15.32, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Newton Golf Co's Piotroski F-Score?
Newton Golf Co (NWTG) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Newton Golf Co's earnings high quality?
Newton Golf Co (NWTG) reported a net loss of $6.0M while operations used $5.2M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 50 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.