Newton Golf Company (NWTG) Income Statement
NWTG 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNWTG revenue and net income
Where NWTG's revenue goes
2025Each bar shows an amount and its share of revenue. NWTG kept −74.0% of revenue as net income.
NWTG profit margins
NWTG growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +136.1% | +249.8% | +113.8% | — |
| Gross profit | +100.3% | +284.7% | +100.4% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NWTG quarterly EPS vs estimates
Newton Golf beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: November 12, 2026.
NWTG income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $8.1M | $3.4M | $349,000 | $190,000 | $200,000 | $182,000 |
| Cost of revenue | $3.6M | $1.2M | $227,000 | $110,000 | $116,000 | $41,000 |
| Gross profit | $4.6M | $2.3M | $122,000 | $80,000 | $84,000 | $141,000 |
| Research & development | $779,000 | $743,000 | $258,000 | $73,000 | $19,000 | $13,000 |
| Sales, general & admin | $11.3M | $6.5M | $4.5M | $2.9M | $359,000 | $601,000 |
| Total operating expenses | $12.1M | $7.3M | $4.8M | $2.9M | $378,000 | $614,000 |
| Operating income | −$7.5M | −$5.0M | −$4.6M | −$2.9M | −$294,000 | −$473,000 |
| Interest income | $99,000 | $161,000 | $8,000 | — | — | — |
| Interest expense | $0 | $6.9M | $0 | $64,000 | $8,000 | $6,000 |
| Income before taxes | −$6.0M | −$11.8M | −$4.6M | −$3.5M | −$302,000 | −$479,000 |
| Net income | −$6.0M | −$11.8M | −$4.6M | −$3.5M | −$302,000 | −$479,000 |
| EBITDA | −$5.7M | −$4.6M | −$4.6M | −$2.9M | −$294,000 | — |
| EPS (diluted) | −$1.79 | −$70.50 | −$62.40 | −$0.24 | −$9.87 | — |
| Gross margin | 56.0% | 66.0% | 35.0% | 42.1% | 42.0% | 77.5% |
| Operating margin | −92.8% | −144.5% | −1,327.5% | −1,508.9% | −147.0% | −259.9% |
| Net margin | −74.0% | −341.1% | −1,325.2% | −1,844.7% | −151.0% | −263.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3M | $991,000 | $2.3M | $2.6M | $2.1M | $1.2M | $1.1M | $1.2M | $813,000 | $350,000 | $117,000 | $95,000 |
| Cost of revenue | $405,000 | $363,000 | $1.7M | $848,000 | $669,000 | $358,000 | $297,000 | $406,000 | $366,000 | $144,000 | $136,000 | $56,000 |
| Gross profit | $911,000 | $628,000 | $569,000 | $1.7M | $1.4M | $852,000 | $774,000 | $805,000 | $447,000 | $206,000 | −$19,000 | $39,000 |
| Research & development | $348,000 | $348,000 | $172,000 | $182,000 | $143,000 | $282,000 | $145,000 | $201,000 | $207,000 | $190,000 | $200,000 | $15,000 |
| Sales, general & admin | $2.1M | $2.9M | $3.0M | $3.1M | $2.8M | $2.1M | $2.1M | $1.7M | $1.4M | $1.2M | $1.7M | $1.2M |
| Total operating expenses | $2.5M | $3.2M | $3.1M | $3.2M | $2.9M | $2.8M | $2.2M | $1.9M | $1.6M | $1.5M | $1.9M | $1.2M |
| Operating income | −$1.5M | −$2.6M | −$2.6M | −$1.5M | −$1.5M | −$2.0M | −$1.4M | −$1.1M | −$1.2M | −$1.3M | −$1.9M | −$1.2M |
| Interest income | — | — | $5,000 | $20,000 | $29,000 | $45,000 | $22,000 | $30,000 | $47,000 | $62,000 | — | $0 |
| Interest expense | $43,000 | $4,000 | — | — | $0 | $5.6M | $6.9M | $0 | — | — | — | $26,000 |
| Income before taxes | −$2.3M | −$2.7M | −$2.4M | −$1.6M | −$1.5M | −$525,000 | −$8.3M | −$1.1M | −$1.2M | −$1.2M | −$1.8M | −$1.2M |
| Net income | −$2.3M | −$2.7M | −$2.4M | −$1.6M | −$1.5M | −$525,000 | −$8.3M | −$1.1M | −$1.2M | −$1.2M | −$1.8M | −$1.2M |
| EBITDA | −$2.2M | −$2.6M | −$923,000 | −$1.5M | −$1.4M | −$460,000 | −$1.4M | −$994,000 | −$1.2M | −$1.2M | −$1.9M | −$1.2M |
| EPS (diluted) | −$0.49 | — | −$0.56 | −$0.34 | −$0.34 | −$0.55 | −$0.30 | −$21.90 | −$23.70 | −$24.60 | −$37.80 | −$24.60 |
| Gross margin | 69.2% | 63.4% | 25.0% | 67.2% | 67.6% | 70.4% | 72.3% | 66.5% | 55.0% | 58.9% | −16.2% | 41.1% |
| Operating margin | −117.0% | −263.9% | −112.8% | −58.2% | −72.9% | −162.9% | −133.6% | −90.0% | −147.8% | −358.6% | −1,636.8% | −1,232.6% |
| Net margin | −173.1% | −268.3% | −105.3% | −61.2% | −73.5% | −43.4% | −779.1% | −87.5% | −142.1% | −340.9% | −1,571.8% | −1,260.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NWTG's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NWTG financial results
In fiscal year 2025 (ended December 31, 2025), Newton Golf reported revenue of $8.1 million, up 136.1% from the year before. It had a net loss of $6.0 million, a net profit margin of −74.0%. Diluted earnings per share came to −$1.79. Over five years revenue grew at an average rate of 113.8% a year.
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NWTG income statement FAQ
What is Newton Golf's annual revenue?
Newton Golf reported total revenue of $8.1 million for fiscal year 2025, which ended on December 31, 2025. That was up 136.1% from $3.4 million the previous year.
Is Newton Golf profitable?
No. Newton Golf reported a net loss of $6.0 million in fiscal 2025, a net profit margin of −74.0%; its operating margin was −92.8%.
What is Newton Golf's gross margin?
Newton Golf's gross margin was 56.0% in fiscal 2025: for every $100 of revenue, Newton Golf kept $56 after the direct cost of its products and services.
How much does Newton Golf spend on research and development?
Newton Golf spent $0.8 million on research and development in fiscal 2025, 9.6% of revenue.
How fast is Newton Golf growing?
Revenue grew 113.8% a year on average over the last five fiscal years, from $0.2 million to $8.1 million.
What are Newton Golf's earnings per share?
Newton Golf earned $-1.79 per diluted share in fiscal 2025, compared with $-70.50 a year earlier.
When will Newton Golf report its next earnings?
Newton Golf is expected to report results for the quarter ending September 30, 2026 on November 12, 2026.
When does Newton Golf's fiscal year end?
Newton Golf's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 31, 2026.