Filing Flows › Stran & Company (SWAGW) › Q2 2025
Stran & Company (SWAGW) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 12, 2025
Stran & Company (SWAGW) reported revenue of $32.6M for the second quarter 2025 (Q2 2025), +95% from a year earlier and +14% from the quarter before. Operating margin was 1.2%, net earnings $643K (2.0% of revenue).
Stran & Company, Q2 2025: revenue $32.6M (+95% year over year), operating margin 1.2%, net earnings $643K, operating cash flow $6.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $32.6M | +14% | +95% |
| Gross profit | $9.9M | +16% | +81% |
| Operating profit | $395K | — | — |
| Net earnings | $643K | — | — |
| Operating cash flow | $6.4M | — | +205% |
| Free cash flow | $6.3M | — | +229% |
What changed
Revenue was $32.6M in Q2 2025, up 95% year over year and up 14% from the previous quarter. Promotional Products Dropshipping was the largest line at 37% of revenue. Promotional Products Dropshipping added $3.8M year over year (up 47%), 24% of the total change. Additional Services declined 56%.
Gross margin was 30.3%, down 2.5 points from a year earlier. Operating profit was $395K, a 1.2% margin (up 7.9 points year over year). Operating expenses grew 44% against revenue growth of 95%. Net earnings were $643K. The effective tax rate was 15.1%. Non-operating items added $362K, 48% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $6.4M (up 205% year over year), 999% of net earnings. Non-cash charges added back $249K of depreciation and amortization and $31K of share-based compensation. Working capital and other items added $5.5M. Capital expenditures of $78K left free cash flow of $6.3M.
Questions
What was Stran & Company's revenue in the second quarter 2025?
Stran & Company (SWAGW) reported revenue of $32.6M for the second quarter 2025 (Q2 2025), +95% from a year earlier and +14% from the quarter before.
Was Stran & Company profitable in the second quarter 2025?
Operating profit was $395K (1.2% of revenue) and net earnings $643K.
Source: Stran & Company 10-Q on SEC EDGAR.