Stran 2025 Q3 Earnings 29% Revenue Growth Amid 36.4% Earnings Improvement

Stran (SWAG) reported fiscal 2025 Q3 earnings on Nov 13, 2025, with total revenue rising 29.0% to $25.98 million, exceeding 2024 Q3 figures. The company narrowed its net loss by 39.2% year-over-year, though it remains unprofitable. Management expressed confidence in Q4’s historically strong performance and emphasized disciplined growth strategies, including strategic M&A and operational efficiencies.

Revenue

Total sales for the quarter reached $25.98 million, driven entirely by the Sales segment, which accounted for the full revenue increase. This represents a 29.0% year-over-year growth, with the company attributing the surge to organic client spending and the integration of the Gander Group acquisition.

Earnings/Net Income

Stran reduced its per-share loss to $0.07 in 2025 Q3 from $0.11 in 2024 Q3, a 36.4% improvement. The net loss narrowed to $-1.24 million, a 39.2% reduction from $-2.04 million in the prior year. While these improvements highlight progress, the company has sustained losses for five consecutive years, underscoring ongoing challenges in achieving profitability.

Post-Earnings Price Action Review

Following the earnings report, Stran’s stock experienced mixed price action. Shares dropped 6.14% during the latest trading day, reflecting investor caution, but surged 38.19% over the preceding week and 56.25% month-to-date. The volatility suggests market uncertainty about the company’s ability to sustain profitability despite revenue growth and narrowing losses.

CEO Commentary

CEO Andrew Shape highlighted the 29% revenue growth and 56.7% year-to-date increase to $87.3 million, crediting the Gander Group acquisition for boosting SLS segment revenue from $3.5 million to $26.9 million. Strategic priorities include deepening client relationships, expanding digital capabilities, and leveraging automation for operational efficiency. Shape emphasized a focus on “sustainable earnings growth” and disciplined M&A as the company transitions into a “new phase of maturity.”

Guidance

Stran did not provide explicit quantitative guidance for Q4 or 2025 but expressed confidence in historically strong Q4 performance. CFO David Browner noted year-to-date net losses narrowed to $1 million versus $3.6 million in 2024, with $11.8 million in cash reserves. The company aims to leverage scale for margin expansion and pursue “transformative acquisitions” while maintaining financial discipline.

Additional News

Stran’s recent acquisition of the Gander Group (now SLS) has become a key growth driver, contributing $26.9 million in revenue for the first nine months of 2025. The company also announced the appointment of Brian M. Posner as Chairman of the Audit Committee, bringing expertise in M&A and public company governance. Additionally, Stran executed a $408,000 share repurchase program in Q3, buying back ~267,000 shares at an average price of $1.53. These moves reflect a strategic focus on capital allocation and shareholder value.