Filing Flows › Stran & Company (SWAGW) › Q1 2026
Stran & Company (SWAGW) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 12, 2026
Stran & Company (SWAGW) reported revenue of $31.2M for the first quarter 2026 (Q1 2026), +9% from a year earlier and +8% from the quarter before. Operating margin was 2.1%, net earnings $744K (2.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $31.2M | +8% | +9% |
| Gross profit | $9.6M | +10% | +14% |
| Operating profit | $645K | — | — |
| Net earnings | $744K | +206% | — |
| Operating cash flow | $1.2M | +633% | — |
| Free cash flow | $1.2M | 31× | — |
What changed
Revenue was $31.2M in Q1 2026, up 9% year over year and up 8% from the previous quarter. Promotional Products Dropshipping was the largest line at 28% of revenue. Promotional Products Company Owned Inventory added $1.5M year over year (up 50%), 57% of the total change. Promotional Products Thirdparty Distributor declined 5%.
Gross margin was 30.9%, up 1.3 points from Q1 2025. Operating profit was $645K, a 2.1% margin (up 3.9 points year over year). Operating expenses fell 0% while revenue rose 9%. Net earnings were $744K. The effective tax rate was 5.8%.
Operating cash flow was $1.2M, 159% of net earnings. Non-cash charges added back $295K of depreciation and amortization and $159K of share-based compensation. Capital expenditures of $4K left free cash flow of $1.2M.
Questions
What was Stran & Company's revenue in the first quarter 2026?
Stran & Company (SWAGW) reported revenue of $31.2M for the first quarter 2026 (Q1 2026), +9% from a year earlier and +8% from the quarter before.
Was Stran & Company profitable in the first quarter 2026?
Operating profit was $645K (2.1% of revenue) and net earnings $744K.
Source: Stran & Company 10-Q on SEC EDGAR.