Filing Flows › Stran & Company (SWAGW) › Q2 2026
Stran & Company (SWAGW) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 11, 2026
Stran & Company (SWAGW) reported revenue of $33.4M for the second quarter 2026 (Q2 2026), +2% from a year earlier and +7% from the quarter before. Operating margin was 0.3%, net earnings $309K (0.9% of revenue).
Stran & Company, Q2 2026: revenue $33.4M (+2% year over year), operating margin 0.3%, net earnings $309K, operating cash flow $375K. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $33.4M | +7% | +2% |
| Gross profit | $10.0M | +4% | +2% |
| Operating profit | $86K | -87% | -78% |
| Net earnings | $309K | -58% | -52% |
| Operating cash flow | $375K | -68% | -94% |
| Free cash flow | $358K | -70% | -94% |
What changed
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.
Questions
What was Stran & Company's revenue in the second quarter 2026?
Stran & Company (SWAGW) reported revenue of $33.4M for the second quarter 2026 (Q2 2026), +2% from a year earlier and +7% from the quarter before.
Was Stran & Company profitable in the second quarter 2026?
Operating profit was $86K (0.3% of revenue) and net earnings $309K.
Source: Stran & Company 10-Q on SEC EDGAR.