SWAG on Nasdaq
Stran & Company, Inc.
American advertising agencies services company based in Quincy. Summary from the record
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Last updated Oct 19, 2026.
Overview
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- TickerSWAG on Nasdaq2
- IndustryServices-Advertising Agencies2
- HeadquartersQuincy, United States2
- Incorporated inNV3
- Business address2 Heritage Drive, Suite 600, Quincy, Ma 021713
- Filer category, Emerging growth company3
- Legal formCorporation2
- LEI549300KE0C6619P5BF592
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O Vcorp Services, LLC, 89701 Carson City, United States2
- Registered withBusiness Center (Secretary of State), E14687142021-32
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Market Position . Our over 30 years’ history and size make us a leader in the U.S.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
29.5%Gross margin5
-1.7%Operating margin5
-0.6%Net margin5
40.6%Revenue growth, 20255
-2.4%Return on equity5
-$5.5MFree cash flow5
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Promotional Products Dropshipping brought in 36% of the revenue Stran & Company, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Promotional Products Dropshipping | $34.5M | $42.0M |
| Casino Continuity Program | $8.6M | $32.8M |
| Promotional Products Bulk Dropshipping | $15.9M | $15.9M |
| Promotional Products Company Owned Inventory | $14.4M | $15.2M |
| Promotional Products Thirdparty Distributor | $5.5M | $8.3M |
| Rewards Program | $1.2M | $1.1M |
| Additional Services | $550.0K | $892.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue71¢$82.0M
- Other costs29¢$34.1M
- Income tax0¢$120.0K
Out of $116.2M in revenue.5 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total sales | $116.2M | $82.7M |
| Total cost of sales | $82.0M | $56.8M |
| GROSS PROFIT | $34.2M | $25.8M |
| General and administrative expenses | $36.2M | $30.7M |
| Total operating expenses | $36.2M | $30.7M |
| LOSS FROM OPERATIONS | -$2.0M | -$4.9M |
| Other income | $937.0K | $38.0K |
| Interest income | $296.0K | $305.0K |
| Change in fair value of contingent earn-out liability | $208.0K | |
| Realized gain on investments | $97.0K | $208.0K |
| Total other income | $1.3M | $759.0K |
| LOSS BEFORE INCOME TAXES | -$627.0K | -$4.1M |
| Provision for income taxes | $120.0K | $5.0K |
| NET LOSS | -$747.0K | -$4.1M |
| Basic (in Dollars per share) | -$0.04 | -$0.22 |
| Diluted (in Dollars per share) | -$0.04 | -$0.22 |
| Basic (in Shares) | 18.5M shares | 18.6M shares |
| Diluted (in Shares) | 18.5M shares | 18.6M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 6 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2024-11-30 | 2023-12-31 | 2023-05-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $6.8M | $9.4M | |||
| Investments | $4.9M | $8.9M | |||
| Accounts receivable, net | $17.3M | $18.1M | |||
| Inventory | $7.6M | $5.4M | |||
| Prepaid corporate taxes | $28.0K | ||||
| Prepaid expenses | $1.8M | $2.3M | |||
| Deposits | $363.0K | $423.0K | |||
| Other current assets | $2.0K | $455.0K | |||
| Total current assets | $38.6M | $45.5M | |||
| Property and equipment, net | $1.9M | $1.7M | |||
| Intangible assets - customer lists, net | $3.7M | $4.2M | |||
| Intangible assets - trade name | $654.0K | $654.0K | |||
| Goodwill | $2.3M | $2.3M | |||
| Other assets | $53.0K | $23.0K | |||
| Right of use assets | $2.0M | $797.0K | $548.0K | $849.0K | |
| Total other assets | $8.8M | $8.0M | |||
| Total assets | $49.3M | $55.1M | |||
| Accounts payable and accrued expenses | $8.6M | $8.9M | |||
| Accrued payroll and related | $2.0M | $1.5M | |||
| Unearned revenue | $3.2M | $4.4M | $1.1M | ||
| Rewards program liability | $1.5M | $6.0M | |||
| Sales tax payable | $327.0K | $353.0K | |||
| Current portion of contingent earn-out liabilities | $105.0K | $256.0K | |||
| Current portion of installment payment liabilities | $230.0K | $365.0K | |||
| Current portion of lease liabilities | $602.0K | $366.0K | |||
| Total current liabilities | $16.5M | $22.2M | |||
| Long-term contingent earn-out liabilities | $455.0K | $455.0K | |||
| Long-term installment payment liabilities | $147.0K | $425.0K | |||
| Long-term lease liabilities | $1.7M | $432.0K | |||
| Loan - vehicle | $47.0K | ||||
| Total long-term liabilities | $2.3M | $1.3M | |||
| Total liabilities | $18.8M | $23.5M | |||
| Common stock, value | $2.0K | $2.0K | |||
| Additional paid-in capital | $37.9M | $38.4M | |||
| Accumulated deficit | -$7.5M | -$6.7M | |||
| Accumulated other comprehensive income (loss) | $63.0K | -$10.0K | |||
| Total stockholders equity | $30.5M | $31.6M | $35.6M | ||
| Total liabilities and stockholders equity | $49.3M | $55.1M | |||
| Preferred stock, par value (in Dollars per share) | $0.00 | $0.00 | |||
| Preferred stock, shares authorized (in Shares) | 50.0M shares | 50.0M shares | |||
| Preferred stock, shares issued (in Shares) | 0 shares | 0 shares | |||
| Preferred stock, shares outstanding (in Shares) | 0 shares | 0 shares | |||
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | |||
| Common stock, shares authorized (in Shares) | 300.0M shares | 300.0M shares | |||
| Common stock, shares issued (in Shares) | 18.5M shares | 18.6M shares | |||
| Common stock, shares outstanding (in Shares) | 18.5M shares | 18.6M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2024-11-30 | 2023-12-31 | 2023-05-31 | 2023-01-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | $6.8M | $9.4M | ||||
| Investments | $4.9M | $8.9M | ||||
| Accounts receivable, net | $17.3M | $18.1M | ||||
| Inventory | $7.6M | $5.4M | ||||
| Prepaid corporate taxes | $28.0K | |||||
| Prepaid expenses | $1.8M | $2.3M | ||||
| Deposits | $363.0K | $423.0K | ||||
| Other current assets | $2.0K | $455.0K | ||||
| Total current assets | $38.6M | $45.5M | ||||
| Property and equipment, net | $1.9M | $1.7M | ||||
| Intangible assets - customer lists, net | $3.7M | $4.2M | ||||
| Intangible assets - trade name | $654.0K | $654.0K | ||||
| Goodwill | $2.3M | $2.3M | ||||
| Other assets | $53.0K | $23.0K | ||||
| Right of use assets | $2.0M | $797.0K | $548.0K | $849.0K | $184.0K | |
| Total other assets | $8.8M | $8.0M | ||||
| Total assets | $49.3M | $55.1M | ||||
| Accounts payable and accrued expenses | $8.6M | $8.9M | ||||
| Accrued payroll and related | $2.0M | $1.5M | ||||
| Unearned revenue | $3.2M | $4.4M | $1.1M | |||
| Rewards program liability | $1.5M | $6.0M | ||||
| Sales tax payable | $327.0K | $353.0K | ||||
| Current portion of contingent earn-out liabilities | $105.0K | $256.0K | ||||
| Current portion of installment payment liabilities | $230.0K | $365.0K | ||||
| Current portion of lease liabilities | $602.0K | $366.0K | ||||
| Total current liabilities | $16.5M | $22.2M | ||||
| Long-term contingent earn-out liabilities | $455.0K | $455.0K | ||||
| Long-term installment payment liabilities | $147.0K | $425.0K | ||||
| Long-term lease liabilities | $1.7M | $432.0K | ||||
| Loan - vehicle | $47.0K | |||||
| Total long-term liabilities | $2.3M | $1.3M | ||||
| Total liabilities | $18.8M | $23.5M | ||||
| Common stock, value | $2.0K | $2.0K | ||||
| Additional paid-in capital | $37.9M | $38.4M | ||||
| Accumulated deficit | -$7.5M | -$6.7M | ||||
| Accumulated other comprehensive income (loss) | $63.0K | -$10.0K | ||||
| Total stockholders equity | $30.5M | $31.6M | $35.6M | |||
| Total liabilities and stockholders equity | $49.3M | $55.1M | ||||
| Preferred stock, par value (in Dollars per share) | $0.00 | $0.00 | ||||
| Preferred stock, shares authorized (in Shares) | 50.0M shares | 50.0M shares | ||||
| Preferred stock, shares issued (in Shares) | 0 shares | 0 shares | ||||
| Preferred stock, shares outstanding (in Shares) | 0 shares | 0 shares | ||||
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | ||||
| Common stock, shares authorized (in Shares) | 300.0M shares | 300.0M shares | ||||
| Common stock, shares issued (in Shares) | 18.5M shares | 18.6M shares | ||||
| Common stock, shares outstanding (in Shares) | 18.5M shares | 18.6M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$747.0K | -$4.1M |
| Depreciation and amortization | $1.1M | $824.0K |
| Noncash operating lease expense | $829.0K | $539.0K |
| Provision for credit losses | $373.0K | $211.0K |
| Change in allowance for credit losses related parties | $401.0K | $327.0K |
| Change in fair value of contingent earn-out liability | -$208.0K | |
| Noncash interest accretion | $49.0K | $125.0K |
| Stock-based compensation | $88.0K | $128.0K |
| Unrealized gain on investments | $3.0K | |
| Accounts receivable, net | $468.0K | -$263.0K |
| Accounts receivable related parties, net | $172.0K | -$148.0K |
| Inventory | -$2.2M | $333.0K |
| Prepaid corporate taxes | $28.0K | $33.0K |
| Prepaid expenses | $530.0K | -$425.0K |
| Deposits | $60.0K | $1.4M |
| Other assets | $423.0K | -$455.0K |
| Accounts payable and accrued expenses | -$354.0K | $60.0K |
| Accrued payroll and related | $457.0K | -$1.3M |
| Unearned revenue | -$1.2M | $1.2M |
| Rewards program liability | -$4.5M | $5.1M |
| Sales tax payable | -$26.0K | -$17.0K |
| Operating lease liabilities | -$578.0K | -$527.0K |
| Net cash (used in) provided by operating activities | -$4.7M | $2.8M |
| Business acquisitions, net of cash acquired | -$1.5M | |
| Additions to property and equipment | -$823.0K | -$601.0K |
| Proceeds from sale of investments | $9.2M | $8.7M |
| Purchase of investments | -$5.2M | -$7.1M |
| Net cash provided by (used in) investing activities | $3.2M | -$533.0K |
| Payment of contingent earn-out liabilities | -$151.0K | -$68.0K |
| Payment of installment payment liabilities | -$462.0K | -$760.0K |
| Payment of notes payable | -$100.0K | |
| Payment for stock repurchase | -$554.0K | |
| Net cash used in financing activities | -$1.2M | -$928.0K |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | -$2.6M | $1.3M |
| Interest | $24.0K | $95.0K |
| Income taxes | $140.0K | $5.0K |
| Right of use assets obtained in exchange for lease liabilities | $2.1M | |
| Assets acquired in Gander Group business acquisition | $8.1M | |
| Liabilities assumed in Gander Group business acquisition | $6.6M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Stran & Company, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2025
- Chief executive officerAndrew Shape Nov 8, 2021 to now12
- PresidentAndrew Shape Nov 8, 2021 to now12
- Chief financial officerDavid Browner Aug 5, 2022 to now13
- Chief financial officerChristopher Rollins Nov 8, 2021 to Nov 16, 202114
- Chief operating officerSheila Johnshoy Mar 21, 2022 to Feb 20, 202415
Board members and other officers (14)
- Chief Information OfficerDavid M. Leuci Sep 28, 2023 to Sep 28, 202316
- Exec. Chm., Treas. and Sec.Andrew Stranberg Nov 8, 2021 to Aug 30, 202317
- VP of Growth and SIJohn Audibert Nov 8, 2021 to now18
- Executive Vice PresidentRandolph Birney Nov 8, 2021 to Nov 16, 202119
- Chief Technology OfficerJason Nolley Dec 29, 2021 to Jan 3, 202320
- Chief of StaffStephen Paradiso Dec 29, 2021 to Apr 18, 202321
- Board memberSarah Cummins Jun 24, 2025 to now22
- Board memberBrian M. Posner Jul 10, 2025 to now23
- Board memberAlan Chippindale Nov 8, 2021 to now24
- Board memberAlejandro Tani Nov 8, 2021 to Nov 16, 202125
- Board memberAndrew Shape Nov 8, 2021 to Dec 14, 202212
- Board memberAndrew Stranberg Nov 8, 2021 to Aug 30, 202317
- Board memberAshley Marshall Nov 8, 2021 to Sep 8, 202326
- Board memberTravis McCourt Nov 8, 2021 to Nov 16, 202127
Timeline
- Nov 8, 2021New chief executive Andrew Shape becomes CEO12
Filings
266 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 88 major events, 60 insider forms, 10 large holders, 2 private raises, 85 other. The latest 20:
- Aug 25, 20268-K CURRENT REPORT EDGAR
- Aug 14, 20264 EDGAR
- Aug 14, 20264 EDGAR
- Aug 14, 20264 EDGAR
- Aug 14, 20264 EDGAR
- Aug 11, 20268-K CURRENT REPORT EDGAR
- Aug 11, 202610-Q QUARTERLY REPORT EDGAR
- Aug 6, 20268-K CURRENT REPORT EDGAR
- Jul 15, 2026ARS EDGAR
- Jul 15, 2026DEFA14A DEFINITIVE ADDITIONAL MATERIALS EDGAR
- Jul 15, 2026DEF 14A DEFINITIVE PROXY STATEMENT EDGAR
- May 12, 20268-K CURRENT REPORT EDGAR
- May 12, 202610-Q QUARTERLY REPORT EDGAR
- May 8, 20268-K CURRENT REPORT EDGAR
- Apr 17, 2026EFFECT EDGAR
- Apr 15, 2026CORRESP EDGAR
- Apr 15, 2026UPLOAD EDGAR
- Apr 9, 2026S-3 REGISTRATION STATEMENT EDGAR
- Mar 25, 20268-K CURRENT REPORT EDGAR
- Mar 25, 202610-K ANNUAL REPORT EDGAR
The 266 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
15 open-market trades by officers, directors and large owners since October 2021: 15 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 27, 2025 | Audibert JohnCSO and CCO | Buy | 4,500 | $1.50 | $6.7K | Form 4 |
| Sep 7, 2023 | Marshall AshleyDirector | Buy | 760 | $1.26 | $958 | Form 4 |
| Aug 28, 2023 | Stranberg AndrewEC, Treasurer & Sec. | Buy | 10,560 | $1.10 | $11.6K | Form 4 |
| Jun 30, 2023 | Stranberg AndrewEC, Treasurer & Sec. | Buy | 9,934 | $1.51 | $15.0K | Form 4 |
| Jun 29, 2023 | Stranberg AndrewEC, Treasurer & Sec. | Buy | 2,696 | $1.48 | $4.0K | Form 4 |
| Jun 27, 2023 | Audibert JohnCSO and CCO | Buy | 3,250 | $1.47 | $4.8K | Form 4 |
| Jun 23, 2023 | Chippindale AlanDirector | Buy | 8,000 | $1.47 | $11.8K | Form 4 |
| Dec 30, 2022 | Nolley JasonChief Technology Officer | Buy | 4,000 | $1.24 | $5.0K | Form 4 |
| Dec 14, 2022 | Stranberg AndrewEC, Treasurer & Sec. | Buy | 25,000 | $1.27 | $31.8K | Form 4 |
| Dec 13, 2022 | Shape AndrewPresident and CEO | Buy | 141 | $1.39 | $196 | Form 4 |
| Dec 12, 2022 | Shape AndrewPresident and CEO | Buy | 1,859 | $1.35 | $2.5K | Form 4 |
| Dec 9, 2022 | Audibert JohnCSO and CCO | Buy | 5,000 | $1.36 | $6.8K | Form 4 |
| May 20, 2022 | Stranberg AndrewEC, Treasurer & Sec. | Buy | 18,000 | $1.76 | $31.7K | Form 4 |
| May 20, 2022 | Shape AndrewPresident and CEO | Buy | 15,000 | $1.76 | $26.4K | Form 4 |
| May 20, 2022 | Audibert JohnCSO and CCO | Buy | 5,000 | $1.77 | $8.8K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Alta Partners LLCSCHEDULE 13G/A, 2 filings Nov 10, 2025 to Jan 29, 202628
- Andrew ShapeSCHEDULE 13G/A, 4 filings Jan 19, 2022 to Nov 5, 202529
- Andrew StranbergSCHEDULE 13G/A, 4 filings Jan 19, 2022 to Nov 4, 202530
Money raised
Private offerings the company reported to the SEC on Form D.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 18SEC EDGARJohn Audibert, VP of Growth and SI
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- 21SEC EDGARStephen Paradiso, Chief of Staff
- 22SEC EDGARSarah Cummins, Board member
- 23SEC EDGARBrian M. Posner, Board member
- 24SEC EDGARAlan Chippindale, Board member
- 25SEC EDGARAlejandro Tani, Board member
- 26SEC EDGARAshley Marshall, Board member
- 27SEC EDGARTravis McCourt, Board member
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