Brownie’s Marine Q1 FY26 net income swings to $494,458; net revenues fall 16.1% on-year

BROWNIES MARINE GROUP INC

BROWNIES MARINE GROUP INC

BWMG

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  • Brownie’s Marine Group posted net income of $494,458 for quarter ended March 31, 2026, while net revenues fell 16.1% versus prior-year quarter.
  • Gross profit margin widened 7.5 percentage points to 46.4%.
  • Selling, general and administrative expense climbed 88.6% to $1.02 million, driven by higher “all other” costs and professional fees.
  • Cash totaled $849,620 at March 31, 2026, with working capital rising 97.2% to $1.14 million from Dec. 31, 2025.
  • Company received $494,829 in Employee Retention Credit on March 22, 2026, including $413,949 refund and $80,880 interest.


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