Revenue growth has turned volatile with an 18.1% contraction in 2026Q1, while gross margins remain inconsistent, fluctuating between 20.5% and 72.3% over the last ten quarters.
| Sales/Revenue | 7.92M | 8.13M | 3.44M | 349K | 190K | 200K | 182K |
| Revenue Growth % | 83.88% | 136.14% | 887.11% | 83.68% | -5% | 9.89% | - |
| Cost of Goods Sold | 3.67M | 3.58M | 1.17M | 227K | 110K | 116K | 41K |
| COGS % of Revenue | - | 44.02% | 33.99% | 65.04% | 57.89% | 58% | 22.53% |
| Gross Profit | 4.25M | 4.55M | 2.27M | 122K | 80K | 84K | 141K |
| Gross Margin % | 53.7% | 55.98% | 66.01% | 34.96% | 42.11% | 42% | 77.47% |
| Gross Profit Growth % | - | 100.26% | 1763.93% | 52.5% | -4.76% | -40.43% | - |
| Operating Expenses | 12.44M | 12.1M | 7.25M | 4.75M | 2.95M | 378K | 614K |
| OpEx % of Revenue | - | 148.76% | 210.51% | 1362.46% | 1551.05% | 189% | 337.36% |
| Selling, General & Admin | 11.6M | 11.32M | 6.51M | 4.5M | 2.87M | 359K | 601K |
| SG&A % of Revenue | - | 139.19% | 188.94% | 1288.54% | 1512.63% | 179.5% | 330.22% |
| Research & Development | 845K | 779K | 743K | 258K | 73K | 19K | 13K |
| R&D % of Revenue | - | 9.58% | 21.57% | 73.93% | 38.42% | 9.5% | 7.14% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -8.19M | -7.55M | -4.98M | -4.63M | -2.87M | -294K | -473K |
| Operating Margin % | -103.49% | -92.78% | -144.5% | -1327.51% | -1508.95% | -147% | -259.89% |
| Operating Income Growth % | - | -51.63% | -7.45% | -61.6% | -875.17% | 37.84% | - |
| EBITDA | -7.83M | -7.21M | -4.81M | -4.6M | -2.86M | 0 | 0 |
| EBITDA Margin % | -98.93% | -88.62% | -139.71% | -1318.34% | -1503.16% | - | - |
| EBITDA Growth % | -42.77% | -49.78% | -4.61% | -61.1% | - | - | - |
| D&A (Non-Cash Add-back) | 361K | 339K | 165K | 32K | 11K | 294K | 473K |
| EBIT | -6.66M | -6.02M | -4.98M | -4.63M | -2.87M | -294K | -473K |
| Net Interest Income | 50K | 99K | -6.75M | 8K | -64K | -8K | -6K |
| Interest Income | 54K | 99K | 161K | 8K | 0 | 0 | 0 |
| Interest Expense | 4K | 0 | 6.91M | 0 | 64K | 8K | 6K |
| Other Income/Expense | 38K | 1.53M | -6.77M | 8K | -638K | -8K | -6K |
| Pretax Income | -8.15M | -6.02M | -11.75M | -4.63M | -3.5M | -302K | -479K |
| Pretax Margin % | -103.01% | -74% | -341.13% | -1325.21% | -1844.74% | -151% | -263.19% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -8.15M | -6.02M | -11.75M | -4.63M | -3.5M | -302K | -479K |
| Net Margin % | -103.01% | -74% | -341.13% | -1325.21% | -1844.74% | -151% | -263.19% |
| Net Income Growth % | 26.43% | 48.77% | -154.1% | -31.95% | -1060.6% | 36.95% | - |
| Net Income (Continuing) | -8.15M | -6.02M | -11.75M | -4.63M | -3.5M | -302K | -479K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -177.57 | -130.81 | -178.33 | -113.38 | -100.78 | -9.88 | -15.67 |
| EPS Growth % | -10.01% | 26.65% | -57.29% | -12.5% | -920.04% | 36.95% | - |
| EPS (Basic) | - | -130.81 | -178.33 | -113.38 | -100.78 | -9.88 | -15.67 |
| Diluted Shares Outstanding | 45.92K | 46.02K | 65.9K | 40.79K | 34.78K | 30.57K | 30.57K |
| Basic Shares Outstanding | 45.92K | 46.02K | 65.9K | 40.79K | 34.78K | 30.57K | 30.57K |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
Liquidity and scale mismatch
As reported in recent financial statements, NWTG experienced a sharp revenue contraction of 18.1% in 2026Q1 following a period of triple-digit growth, suggesting that the initial momentum from the Newton shaft product launch may be facing significant headwinds in sustaining its market penetration.
The dramatic swing from 112.4% growth in 2025Q4 to a decline in the most recent quarter indicates that the company's revenue base remains highly sensitive to seasonal stocking cycles. Investors should monitor whether this volatility reflects a genuine saturation of the niche fitting market or merely a temporary lull in wholesale re-orders.
Based on the company's historical income statements, gross margins have fluctuated significantly, ranging from a low of 20.5% in 2023Q4 to a peak of 72.3% in 2024Q4, highlighting the inherent instability in the firm's production costs and potential inventory management challenges.
While the 55.4% gross margin reported in 2026Q1 suggests a premium product positioning, the wide variance in these figures implies that NWTG lacks the manufacturing scale to stabilize its cost of goods sold. This inconsistency makes it difficult to determine the true underlying pricing power of the Newton shaft technology.
According to the latest quarterly filings, NWTG continues to struggle with an inefficient cost structure, as SG&A expenses consistently dwarf gross profits, resulting in an operating margin of -2.6% in 2026Q1 despite the company's efforts to scale its specialized golf equipment operations.
The persistent inability to achieve positive operating leverage suggests that the company's current overhead is disproportionate to its revenue generation capacity. Without a significant increase in volume, the firm appears trapped in a cycle where every incremental dollar of revenue is insufficient to cover the fixed costs of its corporate infrastructure.
Based on reported figures, the company's reliance on high-growth narratives is challenged by a cash balance of only $1.29M, which may indicate that the current trajectory is unsustainable without external financing or a fundamental shift in the firm's capital allocation strategy.
Short-term observers might argue that the recent revenue volatility and high cash burn rate point toward a business model that is struggling to transition from a niche startup to a viable commercial entity. The lack of consistent profitability warrants further investigation into whether the current product-market fit can actually support the company's ongoing operating expenses.
Quick answers to the most common questions about buying NWTG stock.
For fiscal year 2025, Newton Golf Company (NWTG) reported total revenue of $8.1M. This represents a 4369.8% increase compared to $0.2M in 2020.
Newton Golf Company (NWTG) reported a net loss of $6.0M for the fiscal year ending 2025.
Newton Golf Company (NWTG) reported an operating income of $-7.5M, resulting in an operating profit margin of -92.8%. This margin reflects the operational efficiency of the business before interest and taxes.
Newton Golf Company (NWTG) generated $4.6M in gross profit for the year, representing a gross profit margin of 56.0%. This demonstrates the company's core pricing power and production efficiency.