Newton Golf Company Inc

newtongolfco.com

What Do They Do?

Sells performance golf shafts to golfers and golf trade buyers, and also offers putters to golfers.

How Do They Make Money?

Customers buy finished golf equipment, with the sale completed when products ship from the company’s facilities.

revenue

Segment	Share	Revenue	How money arrives
Driver and Fairway Shafts Sold outright	99%		Sold outright
Putters Sold outright	0.8%		Sold outright

Who Are Their Customers?

Golfers buy directly through the company’s websites; retailers, professional club fitters, resellers and distributors also sell its products, with distribution partners serving international markets.

Do Revenues Turn Into Profits?

No. It lost $6M in FY2025.

Operating income, FY2025

−93% of revenue

▲ +52% (Loss) vs FY2024 (−$5M, −144%)

Net income, FY2025

−74% of revenue

▼ −49% (Loss) vs FY2024 (−$11.8M, −341%)

Free cash flow, FY2025

−69% of revenue

▲ +4% (Loss) vs FY2024 (−$5.4M, −158%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▼ −36%; vs $2.1M in Q2 FY2025
Net income: ▲ +50% (Loss); vs −$1.5M in Q2 FY2025

May 14, 2026 The co-founder became interim CEO, and a director became board chair.

Revenue over time

Driver and Fairway Shafts Putters

$10M$5M$0

FY2023 FY2024 FY2025

Who Do They Compete With?

Competes with Fujikura, Mitsubishi Chemical Group, Graphite Design, Nippon Shaft, Paderson Kinetixx, Callaway Golf, TaylorMade Golf, Ping, and Acushnet Holdings

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