Filing Flows › Stran & Company (SWAGW) › Q1 2026 › vs Q1 2025
Stran & Company (SWAGW) Q1 2026 vs Q1 2025 (year over year)
Stran & Company's revenue rose $2.6M (+9%) from $28.7M in Q1 2025 to $31.2M in Q1 2026. The biggest changes: Promotional Products Company Owned Inventory +$1.5M (+50%); Promotional Products Bulk Dropshipping +$894K (+14%); Casino Continuity Program +$435K (+6%). Gross margin 30.9% against 29.6% (+1.3 pts).
Stran & Company, Q1 2026: revenue $31.2M (+9% year over year), operating margin 2.1%, net earnings $744K, operating cash flow $1.2M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Gross margin | 30.9% | 29.6% | +1.3 pts |
| Operating margin | 2.1% | -1.9% | +3.9 pts |
| Net margin | 2.4% | -1.4% | +3.8 pts |
| Free cash flow margin | 3.8% | -21.0% | +24.7 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Promotional Products Dropshipping | $8.9M | $9.2M | −$327K | -4% |
| Casino Continuity Program | $7.8M | $7.4M | $435K | +6% |
| Promotional Products Bulk Dropshipping | $7.2M | $6.3M | $894K | +14% |
| Promotional Products Company Owned Inventory | $4.4M | $2.9M | $1.5M | +50% |
| Promotional Products Thirdparty Distributor | $2.5M | $2.6M | −$140K | -5% |
| Rewards Program | $315K | $226K | $89K | +39% |
| Additional Services | $238K | $95K | $143K | +151% |
| Revenue | $31.2M | $28.7M | $2.6M | +9% |
| Gross profit | $9.6M | $8.5M | $1.2M | +14% |
| Cost of revenue | $21.6M | $20.2M | $1.4M | +7% |
| Other income, net | $145K | $104K | $41K | +39% |
| Operating profit | $645K | −$535K | $1.2M | — |
| Operating expenses | $9.0M | $9.0M | −$19K | -0.2% |
| Pre-tax earnings | $790K | −$431K | $1.2M | — |
| Net earnings | $744K | −$393K | $1.1M | — |
| Income tax | $46K | −$38K | $84K | — |
| Depreciation & amortization | $295K | $272K | $23K | +8% |
| Share-based compensation | $159K | $9K | $150K | 18× |
| Working capital & other | $18K | $5.8M | −$5.8M | -100% |
| Operating cash flow | $1.2M | −$5.9M | $7.1M | — |
| Free cash flow (OCF − capex) | $1.2M | −$6.0M | $7.2M | — |
| Capital expenditures | $4K | $124K | −$120K | -97% |
Questions
How much did Stran & Company's revenue grow year over year in Q1 2026?
Stran & Company's revenue rose $2.6M (+9%) from $28.7M in Q1 2025 to $31.2M in Q1 2026.
What drove Stran & Company's revenue change in Q1 2026?
Promotional Products Company Owned Inventory +$1.5M (+50%); Promotional Products Bulk Dropshipping +$894K (+14%); Casino Continuity Program +$435K (+6%).