Filing Flows › Stran & Company (SWAGW) › Q1 2025
Stran & Company (SWAGW) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Stran & Company (SWAGW) reported revenue of $28.7M for the first quarter 2025 (Q1 2025), +52% from a year earlier and +6% from the quarter before. Operating margin was -1.9%, net loss $393K (1.4% of revenue).
Stran & Company, Q1 2025: revenue $28.7M (+52% year over year), operating margin -1.9%, net loss $393K, operating cash flow −$5.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $28.7M | +6% | +52% |
| Operating profit | −$535K | — | — |
| Net earnings | −$393K | — | — |
| Operating cash flow | −$5.9M | -542% | — |
What changed
Revenue was $28.7M in Q1 2025, up 52% year over year and up 6% from the previous quarter. Promotional Products Dropshipping was the largest line at 32% of revenue. Promotional Products Thirdparty Distributor added $921K year over year (up 55%), 9% of the total change. Rewards Program declined 21%.
Gross margin was 29.6%, down 0.3 points from a year earlier. Operating costs exceeded revenue by $535K, an operating margin of -1.9%. Operating expenses grew 44% against revenue growth of 52%. The quarter ended with a net loss of $393K, narrower than the previous quarter's $586K loss. Non-operating items added $104K, -24% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$5.9M. Non-cash charges added back $272K of depreciation and amortization and $9K of share-based compensation. Working capital and other items used $5.8M. Capital expenditures of $124K exceeded it, leaving free cash flow of −$6.0M.
Questions
What was Stran & Company's revenue in the first quarter 2025?
Stran & Company (SWAGW) reported revenue of $28.7M for the first quarter 2025 (Q1 2025), +52% from a year earlier and +6% from the quarter before.
Was Stran & Company profitable in the first quarter 2025?
Operating loss was $535K (-1.9% of revenue) and net loss $393K.
Source: Stran & Company 10-Q on SEC EDGAR.