Filing Flows › Stewards (SWRD) › Q2 2026
Stewards (SWRD) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 14, 2026
Stewards (SWRD) reported revenue of $3.5M for the second quarter 2026 (Q2 2026), +5% from a year earlier. Operating margin was -114.5%, net loss $7.2M (208.7% of revenue).
Stewards, Q2 2026: revenue $3.5M (+5% year over year), operating margin -114.5%, net loss $7.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.5M | — | +5% |
| Operating profit | −$4.0M | — | — |
| Net earnings | −$7.2M | — | — |
What changed
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.
Questions
What was Stewards' revenue in the second quarter 2026?
Stewards (SWRD) reported revenue of $3.5M for the second quarter 2026 (Q2 2026), +5% from a year earlier.
Was Stewards profitable in the second quarter 2026?
Operating loss was $4.0M (-114.5% of revenue) and net loss $7.2M.
Source: Stewards 10-Q on SEC EDGAR.