Highlights 

  • Q3 2025 sales rose 29% to USD 26.0 Mn, driven by new and existing clients. 
  • Nine-month sales increased 56.7% to USD 87.3 Mn, reflecting Gander Group acquisition. 
  • The company ended Q3 with USD 11.8 Mn in cash while continuing share repurchases. 

Stran & Company, Inc. (NASDAQ:SWAG) reported financial results for the three and nine months ended September 30, 2025. Third-quarter sales reached USD 26.0 Mn, a 29.0% increase from the prior-year period. Nine-month sales totaled USD 87.3 Mn, up 56.7%, supported by higher spending from new and existing clients and the integration of the Gander Group acquisition completed in August 2024. 

The Stran segment generated USD 17.6 Mn in Q3 sales, up 5.9% from USD 16.6 Mn a year earlier. Stran Loyalty Solutions, including the former Gander Group business, contributed USD 8.3 Mn in sales, a 139.0% year-over-year increase. For the nine-month period, Stran segment sales rose 15.7% to USD 60.3 Mn, while SLS sales increased 671.5% to USD 26.9 Mn. 

Gross profitfor Q3 2025 was USD 7.1 Mn, up 18.8% from the prior year, with a gross margin of 27.2% compared to 29.5% in Q3 2024.Operating expensesincreased 8.8% to USD 8.9 Mn, but as a percentage of sales, they declined to 34.1% from 40.4% in the previous year. Net loss for the quarter was USD 1.2 Mn, improved from USD 2.0 Mn in Q3 2024, and EBITDA was USD 1.1 Mn versus USD 1.9 Mn. For the nine months, net loss decreased to USD 1.0 Mn from USD 3.6 Mn, andEBITDAimproved to USD 0.4 Mn from USD 3.2 Mn. 

Share Repurchase and Cash Position 

During Q3, Stran repurchased approximately 267,000 shares at prices between USD 1.45 and USD 1.81 per share, totaling USD 408,000. The company ended the quarter with USD 11.8 Mn in cash, cash equivalents, andinvestments,supporting growth initiatives and continued share repurchase activity. 

Management Commentary 

“The third quarter reflected another period of disciplined execution and consistent progress,” said Andy Shape, CEO of Stran. “Sales increased 29.0% year-over-year to USD 26.0 Mn, and for the first nine months of 2025, sales increased 56.7% to USD 87.3 Mn. These results demonstrate the scalability of our platform and the steady demand we continue to see from both new and long-standing customers.” 

About Stran & Company 

Stran provides outsourced marketing solutions, including promotional products, loyalty programs, and branded merchandise. The company serves Fortune 500 clients across industries, delivering marketing, loyalty, and incentive programs supported by technology-enabled order processing, warehousing, and fulfillment services.