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Stewards (SWRD) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · Stewards (SWRD) Q2 2026 earnings results →
Q2 2026 Revenue up 5% year over year to $3.5M · 209¢ of every $1 of revenue lost · operating margin -114.5%
Stewards made $3.5M in Q2 2026 (+5% Y/Y): Real Estate Operations $2.4M, Financing Solutions $1.1M. Operating margin -114.5%, net loss $7.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.
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What changed this quarter
Revenue was $3.5M in Q2 2026, up 5% year over year. Real Estate Operations was the largest line at 69% of revenue. Financing Solutions declined 68%.
Gross margin was 51.8%, down 26.5 points from a year earlier. Operating costs exceeded revenue by $4.0M, an operating margin of -114.5%. Operating expenses grew 70% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+115%). The quarter ended with a net loss of $7.2M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 14, 2026 | $3.5M | +5% | -114.5% | −$7.2M | — |
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About Stewards
Stewards, Inc. (formerly Favo Capital, Inc.) ("the Company") was incorporated as Beeston Enterprises Ltd. on July 12, 1999, under the laws of the State of Nevada. The Company changed its name to FAVO Capital, Inc. on September 2, 2020, which was the effective date established by the Financial Industry Regulatory Authority (“FINRA”). On August 7, 2025, the Board of Directors approved a further name change from Favo Capital, Inc. to Stewards, Inc. which FINRA approved on November 13, 2025. In connection with this name change, the Company changed its ticker symbol from “FAVO” to “SWRD”. The Company’s business has evolved since inception. Previously, the Company was an exploration stage company engaged in the search of mineral deposits that could be developed to a state of a commercially viable producing mine.
In its own words, from its 10-Q, filed Aug 14, 2026.
Stewards against its Short-Term Business Credit Institutions peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +5% against the peers' median +5%. Operating margin: -114.5% against the peers' median 30.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SWRD Stewards | Q2 2026 | $3.5M | +5% | -114.5% |
| Deere John Capital | Q3 FY26 | $1.2B | -3% | 18.0% |
| ECPG Encore Capital Group | Q3 2026 | $545M | +18% | 42.3% |
| PRAA PRA Group | Q3 2026 | $286M | -8% | 30.0% |
| Paccar Financial | Q3 2026 | $235M | -0.3% | 25.6% |
| JCAP Jefferson Capital | Q2 2026 | $178M | +16% | 45.9% |
| PLBC Plumas Bancorp | Q3 2026 | $29.3M | +7% | 47.8% |
Source: Stewards 10-Q on SEC EDGAR · CIK 1795851 · Short-Term Business Credit Institutions
More on SWRD
History
Every quarter: Q2 2026 results