--- title: "Stran & Company Reports $31.2 Million in Revenue and Achieves EBITDA of $1.0 Million for the First Quarter of 2026 | SWAG Stock News" type: "News" locale: "en" url: "https://longbridge.com/en/news/286156073.md" description: "Stran & Company, Inc. reported $31.2 million in revenue for Q1 2026, an 8.9% increase year-over-year, with EBITDA of $1.0 million, a significant improvement from a loss of $0.2 million in Q1 2025. Gross profit rose 13.7% to $9.6 million, with a gross margin of 30.9%. The company highlighted strong performance in both its core and SLS segments, with notable client wins and a positive outlook for sustained growth in 2026. A conference call is scheduled for May 13, 2026, to discuss these results further." datetime: "2026-05-12T12:46:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286156073.md) - [en](https://longbridge.com/en/news/286156073.md) - [zh-HK](https://longbridge.com/zh-HK/news/286156073.md) generator: "portal-rs" --- # Stran & Company Reports $31.2 Million in Revenue and Achieves EBITDA of $1.0 Million for the First Quarter of 2026 | SWAG Stock News **Conference Call to be Held Wednesday, May 13, 2026 at 10:00 a.m. Eastern Time** QUINCY, Mass., May 12, 2026 (GLOBE NEWSWIRE) -- **Stran & Company, Inc.** ("Stran" or the "Company") (NASDAQ: SWAG) (NASDAQ: SWAGW), a leading outsourced marketing solutions provider that leverages its promotional products and loyalty incentive expertise, today announced its financial results for the first quarter of 2026 ended March 31, 2026, and provided a business update. Management will host a conference call at 10:00 a.m. Eastern Time on Wednesday, May 13, 2026. **First Quarter Financial Highlights** - **Sales**: $31.2 million, an increase of 8.9% year-over-year - **Gross Profit**: $9.6 million, an increase of 13.7% year-over-year - **Gross Margin**: 30.9%, compared to 29.6% for Q1 2025 - **Net Income**: $0.7 million, compared to net loss of ($0.4) million for Q1 2025 - **EBITDA**: $1.0 million, compared to $(0.2) million for Q1 2025, an improvement of $1.2 million - **Cash, Cash Equivalents, and Investments**: $12.8 million as of March 31, 2026 “This quarter marks a meaningful inflection point for Stran,” said Andy Shape, Chief Executive Officer of Stran. “We delivered $31.2 million in revenue, up 8.9% year-over-year, alongside a gross margin of 30.9% — more than 100 basis points above the prior year period — and EBITDA of $1.0 million compared to EBITDA of $(0.2) million for Q1 2025. What gives us particular confidence is that this profitability was driven by both segments of our business. Our core Stran segment grew revenue nearly 12% while our SLS segment, which represents the integrated former Gander Group business, achieved a dramatic improvement in operating profitability, swinging from a loss from operations of $0.5 million in Q1 2025 to income from operations of $0.5 million this quarter. We believe Q1 2026 represents a turning point, and we are genuinely optimistic about the balance of the year.” “The performance of our SLS segment this quarter deserves particular recognition. SLS’s gross margin expanded to 28.7% from 21.8% in Q1 2025 — a nearly 700 basis point improvement — driven by a more favorable customer mix and disciplined cost management. Combined with strong revenue momentum in our core Stran segment, where sales grew 11.9% to $23.4 million, total company gross profit increased 13.7% to $9.6 million, outpacing revenue growth and demonstrating the operating leverage we are building. We also continued to expand our client portfolio during the quarter, including a three-year contract extension with one of the world’s premier nonprofit running organizations, a new multimillion-dollar agreement with a leading gaming company, and the addition of two Global 100 law firms. These wins reflect the breadth of our capabilities and the increasing demand for Stran’s integrated marketing and branded merchandise solutions across a diverse range of industries.” “Looking ahead, we believe 2026 is shaping up to be a year of sustained, profitable growth for Stran. We are seeing our enterprise clients engage with us more deeply than ever — not just for individual products or one-off campaigns, but across our full platform of promotional products, loyalty and incentive programs, e-commerce solutions, and fulfillment services. As clients adopt more of our capabilities, we become more embedded in their operations, which drives higher retention and more durable revenue. We also expect the operating leverage we demonstrated in Q1 to continue, as a growing revenue base is absorbed within our fixed cost structure. Backed by a strong balance sheet with $12.8 million in cash, cash equivalents, and investments as of March 31, 2026, and with both the Stran and SLS segments contributing meaningfully to profitability, we are confident in our strategy and excited about what lies ahead for the rest of 2026.” **Financial Results for the First Quarter Ended March 31, 2026** - Total sales increased 8.9% to $31.2 million for the three months ended March 31, 2026, from $28.7 million for the three months ended March 31, 2025. Sales by our Stran segment (which consists of the Company’s legacy business) increased 11.9% to $23.4 million for the three months ended March 31, 2026 from $20.9 million for the three months ended March 31, 2025. Sales by the Company’s Stran Loyalty Solutions, LLC (“SLS”) segment (which consists of the former Gander Group business) remained approximately flat at $7.8 million for the three months ended March 31, 2026 compared to $7.8 million for the three months ended March 31, 2025. - Gross profit increased $1.1 million, or 13.7%, to $9.6 million for the three months ended March 31, 2026 compared to the prior year period. Gross profit margin increased to 30.9% for the three months ended March 31, 2026 from 29.6% in the prior year period. Gross profit for the Stran segment increased to $7.4 million, with a gross margin of 31.6%, while gross profit for the SLS segment increased to $2.2 million, with a gross margin of 28.7%. - Total operating expenses decreased 0.2% to $9.0 million for the three months ended March 31, 2026, from $9.0 million for the three months ended March 31, 2025. As a percentage of sales, total operating expenses decreased to 28.8% for the three months ended March 31, 2026, from 31.4% for the three months ended March 31, 2025. - Net income was $0.7 million for the three months ended March 31, 2026, compared to a net loss of $0.4 million for the three months ended March 31, 2025. - EBITDA was $1.0 million for the three months ended March 31, 2026, compared to $(0.2) million in the prior year period, an improvement of $1.2 million year-over-year. **Conference Call** Management will host a conference call at 10:00 A.M. Eastern Time on Wednesday, May 13, 2026, to discuss the Company’s financial results for the first quarter of 2026 ended March 31, 2026, as well as the Company’s corporate progress and other developments. The conference call will be available via telephone by dialing toll free 888-506-0062 for U.S. callers or +1 973-528-0011 for international callers and using entry code: 643227. A webcast of the call may be accessed at https://www.webcaster5.com/Webcast/Page/2855/53974 or on the Investor Relations section of the Company’s website: ir.stran.com/news-events/ir-calendar. A webcast replay will be available on the Investor Relations section of the Company’s website (ir.stran.com/news-events/ir-calendar) through May 13, 2027. A telephone replay of the call will be available approximately one hour following the call, through May 27, 2026, and can be accessed by dialing 877-481-4010 for U.S. callers or +1 919-882-2331 for international callers and entering conference ID: 53974. **About Stran** For over 30 years, Stran has grown to become a leader in the promotional products industry, specializing in complex marketing programs to help recognize the value of promotional products, branded merchandise, and loyalty incentive programs as a tool to drive awareness, build brands and impact sales. Stran is the chosen promotional programs manager of many Fortune 500 companies, across a variety of industries, to execute their promotional marketing, loyalty and incentive, sponsorship activation, recruitment, retention, and wellness campaigns. Stran provides world-class customer service and utilizes cutting-edge technology, including efficient ordering and logistics technology to provide order processing, warehousing and fulfillment functions. The Company’s mission is to develop long-term relationships with its clients, enabling them to connect with both their customers and employees in order to build lasting brand loyalty. Additional information about the Company is available at: www.stran.com. **Forward Looking Statements** *This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” "will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements in this press release include, but are not limited to, the Company’s expectations that 2026 will be a year of sustained, profitable growth; the Company’s belief that the operating leverage demonstrated in the first quarter of 2026 will continue as a growing revenue base is absorbed within its fixed cost structure; expectations regarding enterprise clients engaging more deeply across the Company’s full platform of promotional products, loyalty and incentive programs, e-commerce solutions, and fulfillment services; expectations regarding higher client retention and more durable revenue; the Company’s expectations regarding synergies from its acquired businesses, including the integration and performance of the former Gander Group business within its SLS segment; the Company’s confidence in its strategy and outlook for the balance of 2026; and expectations regarding the Company’s financial position, operating performance, market opportunity, and demand for its products and services. These forward-looking statements are based on the Company’s current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those that the Company has anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the Company’s control) and other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: the Company’s ability to maintain and grow its revenue and client base; the Company’s ability to achieve or sustain profitability; risks related to the integration and expected synergies from acquired businesses, including the former Gander Group business; the Company’s ability to retain key clients and secure new client engagements; the Company’s dependence on a limited number of significant clients; changes in demand for promotional products, branded merchandise, and loyalty incentive programs; the Company’s ability to manage its growth effectively; the impact of general economic conditions, including inflation, supply chain disruptions, and changes in consumer and corporate spending; increased competition in the promotional products industry; the Company’s ability to attract and retain qualified personnel; the Company’s ability to maintain and enhance its technology platform and e-commerce solutions; risks associated with goodwill and intangible asset impairment; fluctuations in the Company’s quarterly and annual results of operations; cybersecurity risks and the protection of confidential information; and risks related to the Company’s common stock and its listing on the Nasdaq Capital Market. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Company’s Annual Report on Form 10-K and in the Company’s other periodic reports filed with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should any of the Company’s assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. The Company cautions investors not to place undue reliance on any forward-looking statements contained in this press release. Forward-looking statements speak only as of the date they are made. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.* **Contacts:** **Investor Relations Contact:** Crescendo Communications, LLC Tel: (212) 671-1021 SWAG@crescendo-ir.com **Press Contact:** Howie Turkenkopf press@stran.com **CONDENSED CONSOLIDATED BALANCE SHEETS** **(in thousands, except share and per share amounts)** **March 31,** **2026** **December 31,** **2025** **(unaudited)** ASSETS CURRENT ASSETS: Cash and cash equivalents $ 7,648 $ 6,753 Investments 5,115 4,872 Accounts receivable, net 17,444 17,252 Inventory 8,553 7,621 Prepaid expenses 3,359 1,778 Deposits 813 363 Other current assets — 2 Total current assets 42,932 38,641 Property and equipment, net 1,775 1,944 OTHER ASSETS: Intangible assets - customer lists, net 3,568 3,690 Intangible assets - trade name 654 654 Goodwill 2,321 2,321 Other assets — 53 Right of use assets 1,907 2,045 Total other assets 8,450 8,763 Total assets $ 53,157 $ 49,348 LIABILITIES AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES: Accounts payable and accrued expenses $ 9,992 $ 8,568 Accrued payroll and related 1,587 1,970 Unearned revenue 5,520 3,201 Rewards program liability 923 1,500 Sales tax payable 550 327 Corporate taxes payable 71 — Current portion of contingent earn-out liabilities 105 105 Current portion of installment payment liabilities 210 230 Current portion of lease liabilities 597 602 Total current liabilities 19,555 16,503 LONG-TERM LIABILITIES: Long-term contingent earn-out liabilities 455 455 Long-term installment payment liabilities 145 147 Long-term lease liabilities 1,555 1,695 Loan - vehicle 45 47 Total long-term liabilities 2,200 2,344 Total liabilities 21,755 18,847 Commitments and contingencies STOCKHOLDERS’ EQUITY: Preferred stock, $0.0001 par value; 50,000,000 shares authorized, 0 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively — — Common stock, $0.0001 par value; 300,000,000 shares authorized, 18,770,157 and 18,508,157 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 2 2 Additional paid-in capital 38,084 37,925 Accumulated deficit (6,745 ) (7,489 ) Accumulated other comprehensive income 61 63 Total stockholders’ equity 31,402 30,501 Total liabilities and stockholders’ equity $ 53,157 $ 49,348 **CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS** **THREE MONTHS ENDED MARCH 31, 2026 AND 2025** **(in thousands, except share and per share amounts)** **(unaudited)** **For the Three Months Ended** **March 31,** **2026** **2025** Sales $ 31,249 $ 28,694 Cost of sales 21,606 20,212 GROSS PROFIT 9,643 8,482 OPERATING EXPENSES: General and administrative expenses 8,998 9,017 Total operating expenses 8,998 9,017 INCOME (LOSS) FROM OPERATIONS 645 (535 ) OTHER INCOME: Other income (expense) 78 (5 ) Interest income 67 42 Realized gain on investments — 67 Total other income 145 104 INCOME (LOSS) BEFORE INCOME TAXES 790 (431 ) Provision for (benefit from) income taxes 46 (38 ) NET INCOME (LOSS) $ 744 $ (393 ) NET INCOME (LOSS) PER COMMON SHARE Basic $ 0.04 $ (0.02 ) Diluted $ 0.04 $ (0.02 ) WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING Basic 18,633,335 18,608,407 Diluted 18,656,973 18,608,407 **CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS** **THREE MONTHS ENDED MARCH 31, 2026 AND 2025** **(in thousands)** **(unaudited)** **2026** **2025** CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss) $ 744 $ (393 ) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Depreciation and amortization 295 272 Noncash operating lease expense 166 111 Provision for credit losses 32 397 Noncash interest accretion 10 12 Stock-based compensation 159 9 Changes in operating assets and liabilities: Accounts receivable, net (225 ) (501 ) Accounts receivable – related parties, net — 71 Inventory (932 ) (2,267 ) Prepaid corporate taxes — (38 ) Prepaid expenses (1,581 ) (262 ) Deposits (450 ) (522 ) Other assets 55 361 Accounts payable and accrued expenses 1,427 70 Accrued payroll and related (383 ) 18 Unearned revenue 2,318 1,988 Rewards program liability (577 ) (5,125 ) Sales tax payable 223 25 Corporate taxes payable 71 — Operating lease liabilities (172 ) (117 ) Net cash provided by (used in) operating activities 1,180 (5,891 ) CASH FLOWS FROM INVESTING ACTIVITIES: Additions to property and equipment (4 ) (124 ) Proceeds from sale of investments — 1,200 Purchase of investments (246 ) (267 ) Net cash (used in) provided by investing activities (250 ) 809 CASH FLOWS FROM FINANCING ACTIVITIES: Payment of installment payment liabilities (32 ) (40 ) Repayment of vehicle loan (3 ) — Net cash used in financing activities (35 ) (40 ) NET CHANGE IN CASH AND CASH EQUIVALENTS 895 (5,122 ) CASH AND CASH EQUIVALENTS - BEGINNING 6,753 9,358 CASH AND CASH EQUIVALENTS - ENDING $ 7,648 $ 4,236 **Non-GAAP Financial Measures** EBITDA is a numerical measure that the Company believes helps investors to compare its operating performance to that of other companies. “EBITDA” is defined as net income (loss) excluding interest income, income tax expense and depreciation and amortization expense. The Company believes EBITDA is an important measure of operating performance because it allows management, investors and others to evaluate and compare the Company’s core operating results from period to period by removing (i) the impact of the Company’s capital structure (interest expense from outstanding debt), (ii) tax consequences and (iii) asset base (depreciation and amortization). EBITDA is a “non-GAAP financial measure” as defined under Regulation G under the Exchange Act. EBITDA should not be considered in isolation or as an alternative to net income, cash flows from operating activities or any other measure determined in accordance with GAAP. The items excluded to calculate EBITDA are significant components in understanding and assessing the Company’s results of operations. The Company’s EBITDA may not be comparable to a similarly titled measure of another company because other entities may not calculate EBITDA in the same manner. The following table presents the reconciliation of EBITDA to its most comparable GAAP measure, net income (loss), as reported (unaudited): **RECONCILIATION OF NET LOSS TO EBITDA** **THREE MONTHS ENDED MARCH 31, 2026 AND 2025** **(in thousands)** **(unaudited)** **2026** **2025** Net income (loss) (GAAP) $ 744 $ (393 ) Interest income (67 ) (42 ) Provision for income taxes 46 (38 ) Depreciation and amortization 295 272 EBITDA $ 1,018 $ (201 ) ### Related Stocks - [SWAG.US](https://longbridge.com/en/quote/SWAG.US.md) - [SWAGW.US](https://longbridge.com/en/quote/SWAGW.US.md) ## Related News & Research - [Is Narrowing Losses Reshaping The Cost Efficiency Story For Solaris Resources (TSX:SLS)?](https://longbridge.com/en/news/296154972.md) - [ZTO Express Q2 2026 Earnings Preview](https://longbridge.com/en/news/296149351.md) - [SELLAS Life Sciences Group (SLS) Nears Key Phase 3 Readout On A Pricey Valuation](https://longbridge.com/en/news/296376796.md) - [Public Storage announces R$ 0.41 per unit dividend for Q3 2026](https://longbridge.com/en/news/296635332.md) - [REG - UIL Limited UIL Finance Ltd - Purchase of 2026 ZDP Shares](https://longbridge.com/en/news/296518280.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**