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Stran & Company (SWAGW) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 11, 2026 · Stran & Company (SWAGW) Q2 2026 earnings results →
Q2 2026 Revenue up 2% year over year to $33.4M · 1¢ of every $1 of revenue kept as net profit · operating margin 0.3%
Stran & Company made $33.4M in Q2 2026 (+2% Y/Y): Promotional products - dropshipping $13.7M, Casino continuity program $10.1M, Promotional products – Company owned inventory $4.7M. Operating margin 0.3%, net earnings $309K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 11, 2026.
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 $33.4M in Q2 2026, up 2% year over year and up 7% from the previous quarter. Promotional products - dropshipping was the largest line at 41% of revenue. Promotional products - dropshipping added $1.7M year over year (up 14%), 219% of the total change. Promotional products – bulk dropshipping declined 29%.
Gross margin was 30.0%, down 0.3 points from Q2 2025. Operating profit was $86K, a 0.3% margin (down 1.0 points year over year). Operating profit fell $309K even though revenue rose $781K versus Q2 2025, so costs grew faster than sales. Operating expenses grew 5% against revenue growth of 2%. Net earnings were $309K, down 52% year over year. The effective tax rate was 5.8%. Non-operating items added $242K, 74% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $375K (down 94% year over year), 121% of net earnings. Non-cash charges added back $290K of depreciation and amortization and $35K of share-based compensation. Working capital and other items used $259K. Capital expenditures of $17K left free cash flow of $358K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 11, 2026 | $33.4M | +2% | 0.3% | $309K | $375K |
| Q1 2026 | 10-Q | May 12, 2026 | $31.2M | +9% | 2.1% | $744K | $1.2M |
| Q4 2025 | 10-K | Mar 25, 2026 | $28.9M | +7% | -0.1% | $243K | $161K |
| Q3 2025 | 10-Q | Nov 12, 2025 | $26.0M | +29% | -6.9% | −$1.2M | −$5.4M |
| Q2 2025 | 10-Q | Aug 12, 2025 | $32.6M | +95% | 1.2% | $643K | $6.4M |
| Q1 2025 | 10-Q | May 15, 2025 | $28.7M | +52% | -1.9% | −$393K | −$5.9M |
| Q4 2024 | 10-K | Apr 14, 2025 | $27.0M | +18% | -3.5% | −$586K | $1.3M |
Charts
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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 Stran & Company
We are an outsourced marketing solutions provider, working closely with our customers to develop sophisticated marketing programs that leverage our promotional products and loyalty incentive expertise. We develop long-term relationships with our customers, enabling them to connect with both their customers and employees in order to build lasting brand loyalty. It is our mission to drive brand awareness and affect behavior through visual, creative, and technology solutions. We purchase products and branding through various third-party manufacturers and decorators and resell the finished goods to customers.
In its own words, from its 10-K, filed Apr 14, 2025.
Stran & Company against its Services-Advertising Agencies peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +2% against the peers' median +10%. Operating margin: 0.3% against the peers' median 5.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SWAGW Stran & Company | Q2 2026 | $33.4M | +2% | 0.3% |
| OMC Omnicom Group | Q3 2026 | $6.4B | +59% | 15.4% |
| STGW Stagwell | Q3 2026 | $816M | +10% | 5.9% |
| CRTO Criteo S.A. | Q3 2026 | $416M | -11% | 5.0% |
| GRPN Groupon | Q2 2026 | $125M | -0.8% | -0.6% |
| SPTY Specificity | Q2 2026 | $322K | +21% | -19.4% |
Source: Stran & Company 10-Q on SEC EDGAR · CIK 1872525 · Services-Advertising Agencies
13F: who owns SWAGW and who is buying
More on SWAGW
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results
- Stran & Company gross margin by quarter
- Stran & Company operating margin by quarter
- Stran & Company net income by quarter
- Stran & Company free cash flow by quarter
- Stran & Company capital expenditures by quarter
- Stran & Company Promotional products - dropshipping revenue by quarter
- Stran & Company Casino continuity program revenue by quarter
- Stran & Company Promotional products – Company owned inventory revenue by quarter