Brownie's Marine Group, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 4, 2026, reporting net income of $1,371,382 for the nine months ended September 30, 2026.

Key Highlights

  • Nine-month net income: $1,371,382 for the nine months ended September 30, 2026, compared to $277,574 in the same period of 2025.
  • Third-quarter net income: $659,694 for the three months ended September 30, 2026, up from $191,666 in the prior-year quarter.
  • Total revenues: $7,135,460 for the nine months ended September 30, 2026, versus $6,119,257 for the nine months ended September 30, 2025.
  • Total assets: $8,579,367 as of September 30, 2026, compared to $5,221,366 as of December 31, 2025.
  • Accumulated deficit reduced: from $18,031,358 at December 31, 2025 to $16,948,511 at September 30, 2026, according to the filing.
  • Shares outstanding: 561,595,604 shares of common stock outstanding as of November 4, 2026, up from 503,267,154 at December 31, 2025.
  • Other income/gain on settlement of debt: $1,228,604 recorded for the nine months ended September 30, 2026, versus $114,315 in the same period of 2025.

Brownie's Marine Group Financial Results for the Nine Months Ended September 30, 2026

Brownie's Marine Group, Inc., a Florida-incorporated company headquartered in Davie, Florida, reported total revenues of $7,135,460 for the nine months ended September 30, 2026, according to the filing. This compares to $6,119,257 for the nine months ended September 30, 2025. For the third quarter alone, the company reported total revenues of $2,642,325, up from $2,071,164 in the prior-year quarter. Gross profit for the nine-month period was $3,567,160, compared to $2,350,716 for the same period in 2025.

The company disclosed net income of $1,371,382 for the nine months ended September 30, 2026, a significant increase from $277,574 in the comparable 2025 period. A notable contributor to the nine-month result was other income and gain on settlement of debt of $1,228,604, compared to $114,315 in the same period of 2025. Total operating expenses for the nine months were $3,278,154, versus $2,133,653 for the nine months ended September 30, 2025. Interest expense for the nine-month period was $146,228, compared to $53,804 in the prior-year period.

As of September 30, 2026, total assets were $8,579,367, up from $5,221,366 at December 31, 2025. Cash stood at $790,026 at September 30, 2026, versus $307,886 at December 31, 2025. Total stockholders' equity was $3,308,985 at September 30, 2026, compared to $1,934,272 at December 31, 2025. The company had 10,000,000 preferred shares authorized, with 425,000 issued and outstanding at both balance sheet dates. The filing notes the company is a smaller reporting company and a non-accelerated filer. The filing also states it is not a shell company. The company's securities are listed as "None" under Section 12(b) of the Act, with trading symbol listed as "Not applicable."

What Was Disclosed

Brownie's Marine Group disclosed its unaudited consolidated financial results for the nine and three months ended September 30, 2026, including revenues, net income, balance sheet figures, and share counts, in its Form 10-Q filed November 4, 2026.