---
title: "Brownie's Marine Group 2025 10-K: $7.52M Revenue, $(0.105) M Net Loss"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282390392.md"
description: "Brownie's Marine Group reported a fiscal 2025 revenue of $7.52 million, a 7.99% decrease from $8.17 million in 2024, resulting in a net loss of $0.105 million. Gross profit fell to $2.81 million, with a gross margin of 37.4%, down from 40.4% due to increased costs. The company made operational adjustments, including a resolved product recall and a restart of manufacturing. Key product lines saw declining sales, while related-party sales increased by 12.47%. SG&A expenses were reduced by about 14%."
datetime: "2026-04-10T21:15:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282390392.md)
  - [en](https://longbridge.com/en/news/282390392.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282390392.md)
---

# Brownie's Marine Group 2025 10-K: $7.52M Revenue, $(0.105) M Net Loss

Brownie's Marine Group reported fiscal 2025 revenue of $7.52 million, down 7.99% from $8.17 million in 2024, and recorded a net loss of $0.105 million. Gross profit contracted to $2.81 million as gross margin compressed to 37.4% from 40.4% a year earlier due to higher cost of goods sold. The filing notes operational adjustments and a resolved product recall as the company restarted manufacturing under approved design changes.

**Financial Highlights**

-   **Total revenue**: $7.52 million, decreased 7.99% vs 2024 (from $8.17M)
-   **Gross profit**: $2.81 million; gross margin 37.4% vs 40.4% in 2024 (costs rose to 62.6% of revenue)
-   **Operating Income**: omitted per instructions
-   **Net Income**: $(0.105) million (net loss of $105,148) for 2025
-   **Net Income Per Share**: omitted per instructions

**Business Highlights**

-   **Revenue trend**: Net revenues declined 7.99% in 2025 vs 2024, driven by lower sales in key product lines despite related-party sales rising 12.47%.
-   **Channel & product shifts**: Guided Tour Retail sales ceased; Ultra-Portable and Redundant Air Tank Systems revenue fell 9.33% and 12.00% respectively while High Pressure Gas sales grew 14.83%.
-   **Margin & cost dynamics**: Gross margin compressed to 37.4% from 40.4% as cost of revenues rose to 62.6% of sales; royalty costs declined year-over-year.
-   **Operational efficiency & staffing**: SG&A reduced about 14%, led by a ~39% reduction in payroll costs through lower overtime, headcount reductions, and elimination of year-end bonuses, together with reduced trade-show spending.
-   **Product recall resolution & production restart**: The recall reserve for the Nomad tankless system was resolved; manufacturing restarted with approved design and material changes and the recall allowance was reduced to $0.

Original SEC Filing: Brownie's Marine Group, Inc \[ BWMG \] - 10-K - Apr. 10, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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