Filing Flows › Stran & Company (SWAGW) › Q4 2025
Stran & Company (SWAGW) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 25, 2026
Stran & Company (SWAGW) reported revenue of $28.9M for the fourth quarter 2025 (Q4 2025), +7% from a year earlier and +11% from the quarter before. Operating margin was -0.1%, net earnings $243K (0.8% of revenue).
Stran & Company, Q4 2025: revenue $28.9M (+7% year over year), operating margin -0.1%, net earnings $243K, operating cash flow $161K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $28.9M | +11% | +7% |
| Operating profit | −$35K | — | — |
| Net earnings | $243K | — | — |
| Operating cash flow | $161K | — | -88% |
| Free cash flow | $38K | — | -97% |
What changed
Revenue was $28.9M in Q4 2025, up 7% year over year and up 11% from the previous quarter. Promotional Products Dropshipping was the largest line at 39% of revenue.
Gross margin was 30.4%, down 2.1 points from Q4 2024. Operating costs exceeded revenue by $35K, an operating margin of -0.1%. Operating expenses fell 9% while revenue rose 7%. Net earnings were $243K. The effective tax rate was 32.3%. Non-operating items added $394K, 110% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $161K (down 88% year over year), 66% of net earnings. Non-cash charges added back $299K of depreciation and amortization and $23K of share-based compensation. Working capital and other items used $404K. Capital expenditures of $123K left free cash flow of $38K.
Questions
What was Stran & Company's revenue in the fourth quarter 2025?
Stran & Company (SWAGW) reported revenue of $28.9M for the fourth quarter 2025 (Q4 2025), +7% from a year earlier and +11% from the quarter before.
Was Stran & Company profitable in the fourth quarter 2025?
Operating loss was $35K (-0.1% of revenue) and net earnings $243K.
Source: Stran & Company 10-K on SEC EDGAR.