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Stemtech (STEK) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · Stemtech (STEK) Q2 2026 earnings results →

Q2 2026 Revenue down 10% year over year to $629K · 46¢ of every $1 of revenue lost · operating margin -20.0%

Stemtech made $629K in Q2 2026 (-10% Y/Y). Operating margin -20.0%, net loss $292K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.

Revenue$629K
Year over year-10%
Operating margin-20.0%
Net earnings−$292K
Operating cash flow−$55K

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $629K in Q2 2026, down 10% year over year and up 36% from the previous quarter.

Gross margin was 74.0%, down 5.1 points from Q2 2025. Operating costs exceeded revenue by $126K, an operating margin of -20.0%. Operating expenses fell 31% while revenue fell 10%. The quarter ended with a net loss of $292K, narrower than the previous quarter's $1.3M loss. Net interest and other expense of $167K was the main reason.

Operating cash flow was −$55K. Non-cash charges added back $42K of depreciation and amortization and $109K of share-based compensation. Working capital and other items added $86K.

Quarterly history

Stemtech revenue by quarterStemtech revenue by quarter$1.3MQ4 2024$868KQ1 2025$698KQ2 2025$852KQ3 2025$458KQ4 2025$463KQ1 2026$629KQ2 2026
Stemtech net earnings by quarterStemtech net earnings by quarter−$397KQ4 2024−$1.5MQ1 2025−$296KQ2 2025−$813KQ3 2025−$1.5MQ4 2025−$1.3MQ1 2026−$292KQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 14, 2026$629K-10%-20.0%−$292K−$55K
Q1 202610-QJun 22, 2026$463K-47%-236.4%−$1.3M−$426K
Q4 202510-KMay 29, 2026$458K-65%-188.6%−$1.5M$127K
Q3 202510-QNov 19, 2025$852K-17%-39.8%−$813K$25K
Q2 202510-QAug 19, 2025$698K-47%-43.1%−$296K$75K
Q1 202510-QJul 17, 2025$868K-37%-138.8%−$1.5M−$711K
Q4 202410-KJun 30, 2025$1.3M-4%2.5%−$397K−$271K

Charts

Stemtech: revenue growth, year over year and quarter over quarterStemtech: revenue growth, year over year and quarter over quarterY/YQ/Q-4%Q4 2024-37%-34%Q1 2025-47%-20%Q2 2025-17%+22%Q3 2025-65%-46%Q4 2025-47%+1%Q1 2026-10%+36%Q2 2026
Latest (Q2 2026): Y/Y -10%, Q/Q +36%.
Stemtech: where the cash came from (+) and went (−), TTM to Q2 2026Stemtech: where the cash came from (+) and went (−), TTM to Q2 2026Operating cash flow−$329KExchange rates$218KOther financing$85KCash drawn (+) / kept (−)$26K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Stemtech: profit against cash, quarter by quarterStemtech: profit against cash, quarter by quarterNet incomeOperating cash flow−$1.2M−$1.2MQ3 2024−$397K−$271KQ4 2024−$1.5M−$711KQ1 2025−$296K$75KQ2 2025−$813K$25KQ3 2025−$1.5M$127KQ4 2025−$1.3M−$426KQ1 2026−$292K−$55KQ2 2026
Latest (Q2 2026): Net income −$292K, Operating cash flow −$55K.
Stemtech: diluted shares by fiscal year (split-adjusted)Stemtech: diluted shares by fiscal year (split-adjusted)75MFY202071MFY202192MFY202283MFY2023119MFY2024170MFY2025
+127.9% since FY2020: more shares outstanding (issuance, stock pay); earlier years scaled for the 2-for-1 split before FY2023, 4-for-1 split before FY2021.
Stemtech in its industry: growth against margin (9 companies, SIC 5122)Stemtech in its industry: growth against margin (9 companies, SIC 5122)revenue growth, year over year →↑ operating marginmedian +5%median 1%MCKCORCAHHLFNUSCOSMMEDSESYNSTEK (-10%, -20%)
Wholesale-Drugs, Proprietaries & Druggists' Sundries; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Stemtech

Stemtech Corporation and its Subsidiaries (collectively, the “Company”, or “Stemtech”) was incorporated in the State of Nevada, USA on September 4, 2009 under the name Globe Net Wireless Corp. with ticker symbol “GNTW”. Our corporate name was changed to Stemtech Corporation in the state of Nevada in August 2021. On August 19, 2021, Stemtech Corporation, a Delaware corporation (the “accounting acquirer”), completed a reverse merger with Globe Net Wireless Corp., the Nevada legal registrant and continuing SEC reporting entity. The historical financial statements presented reflect the operations of Stemtech Corporation (Delaware) as the accounting acquirer for financial reporting purposes. We were listed on the OTCQB market under symbol “STEK” in April 2021.

In its own words, from its 10-Q, filed Aug 14, 2026.

Stemtech against its Wholesale-Drugs, Proprietaries & Druggists' Sundries peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -10% against the peers' median +5%. Operating margin: -20.0% against the peers' median 1.3%.

CompanyQuarterRevenueY/YOp. margin
STEK StemtechQ2 2026$629K-10%-20.0%
MCK McKessonQ2 FY27$111.0B+8%1.4%
COR CencoraQ3 FY26$84.8B+5%1.3%
CAH Cardinal HealthQ1 FY27$67.5B+6%1.1%
HLF HerbalifeQ3 2026$1.4B+6%10.3%
NUS Nu Skin EnterprisesQ3 2026$311M-15%1.6%
COSM Cosmos HealthQ2 2026$19.0M+29%-15.4%
MEDS DataMeds AIQ2 2026$1.8M-77%-412.7%
ESYN HWH InternationalQ2 2026$64K-79%328.1%

Source: Stemtech 10-Q on SEC EDGAR · CIK 1511820 · Wholesale-Drugs, Proprietaries & Druggists' Sundries

More on STEK

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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