NASDAQ : SWRD
Stewards Inc. — Financial statements
Financials · Credit Services · United States
Last price 2.98 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 629.23M
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Financial statements
Stewards Inc. (SWRD) reported revenue of 16.92M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2018 | FY2013 | |
|---|---|---|---|---|---|---|
| Revenue | 16.92M | 16.28M | 12.79M | 11.80M | ||
| Cost of Revenue | 6.75M | 4.88M | 2.36M | 3.50M | 2.53K | |
| Gross Profit | 10.17M | 11.40M | 10.43M | 8.30M | -2.53K | |
| Selling, General & Admin | 17.23M | 14.94M | 10.07M | 7.05M | 186.96K | 108.62K |
| Other Operating Expenses | 5.56M | |||||
| Operating Expenses | 28.49M | 22.81M | 14.35M | 12.61M | 186.96K | 108.62K |
| Operating Income | -18.32M | -11.41M | -3.92M | -4.31M | -186.96K | -111.15K |
| Interest Expense | -12.49M | -9.10M | -4.64M | -3.35M | -1.08K | |
| Interest & Investment Income | 2.84K | |||||
| Currency Exchange Gain (Loss) | 157.00 | |||||
| Other Non Operating Income (Expenses) | 1.15M | -195.72K | -34.53K | -8.60K | ||
| EBT Excluding Unusual Items | -29.67M | -20.70M | -8.60M | -7.66M | -192.71K | -112.07K |
| Gain (Loss) on Sale of Investments | -1.92K | -17.16K | ||||
| Other Unusual Items | -12.44K | -12.44K | ||||
| Pretax Income | -29.68M | -20.72M | -8.60M | -7.67M | -192.71K | -112.07K |
| Income Tax Expense | 40.52K | 40.52K | 56.05K | |||
| Net Income | -29.72M | -20.76M | -8.66M | -7.67M | -192.71K | -112.07K |
| Preferred Dividends & Other Adjustments | 3.34M | 2.35M | 462.60K | 147.96K | ||
| Net Income to Common | -33.06M | -23.11M | -9.12M | -7.82M | -192.71K | -112.07K |
| Shares Outstanding (Basic) | 196.76M | 145.57M | 92.64M | 68.04M | 1.01M | 493.05K |
| Shares Outstanding (Diluted) | 196.76M | 145.57M | 92.64M | 68.04M | 1.01M | 493.05K |
| EPS (Basic) | -0.17 | -0.16 | -0.10 | -0.11 | -0.19 | -0.23 |
| EPS (Diluted) | -0.17 | -0.16 | -0.10 | -0.11 | -0.19 | -0.23 |
| Free Cash Flow | -12.77M | -2.04M | -3.79M | -292.58K | -15.26K | -107.92K |
| Free Cash Flow Per Share | -0.07 | -0.01 | -0.04 | -0.00 | -0.01 | -0.22 |
| Gross Margin | 60.09% | 70.05% | 81.56% | 70.36% | ||
| Operating Margin | -108.30% | -70.08% | -30.68% | -36.48% | ||
| Profit Margin | -195.41% | -141.96% | -71.33% | -66.28% | ||
| Free Cash Flow Margin | -75.50% | -12.56% | -29.67% | -2.48% | ||
| EBITDA | -8.04M | -5.32M | -3.66M | -4.26M | ||
| EBITDA Margin | -47.50% | -32.67% | -28.59% | -36.10% | ||
| D&A For EBITDA | 10.29M | 6.09M | 266.36K | 44.64K | ||
| EBIT | -18.32M | -11.41M | -3.92M | -4.31M | -186.96K | -111.15K |
| EBIT Margin | -108.30% | -70.08% | -30.68% | -36.48% | ||
| Revenue as Reported | 16.92M | 16.28M | 12.79M | |||
| Advertising Expenses | 13.95K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2018 | FY2013 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.10M | 4.90M | 2.75M | 1.15M | ||
| Cash & Short-Term Investments | 1.10M | 4.90M | 2.75M | 1.15M | ||
| Accounts Receivable | 15.28M | |||||
| Other Receivables | 64.00K | 138.57K | 41.31K | |||
| Receivables | 5.49M | 6.85M | 41.31K | 15.28M | ||
| Prepaid Expenses | 728.00K | 516.41K | 70.00 | |||
| Restricted Cash | 3.71M | 3.27M | ||||
| Other Current Assets | 5.50M | 7.90M | 14.65M | 126.60K | ||
| Total Current Assets | 16.52M | 23.45M | 17.44M | 16.56M | 70.00 | |
| Property, Plant & Equipment | 154.09M | 151.04M | 496.07K | 435.65K | ||
| Long-Term Investments | 1.16K | |||||
| Goodwill | 1.22M | 1.22M | 1.22M | |||
| Other Intangible Assets | 985.00K | 2.51M | 705.00K | |||
| Other Long-Term Assets | 1.16M | 150.00K | 371.00 | 2.29K | ||
| Total Assets | 173.98M | 178.36M | 19.87M | 16.99M | 70.00 | |
| Accounts Payable | 7.30M | 6.25M | 1.53M | 652.46K | 1.25K | 16.59K |
| Short-Term Debt | 73.62M | 1.50M | 3.14K | 10.18K | ||
| Current Portion of Long-Term Debt | 2.62M | 2.72M | 122.44K | |||
| Current Portion of Leases | 15.00K | 40.38K | 146.28K | 88.01K | ||
| Other Current Liabilities | 9.43M | 14.95M | 7.09M | 5.07M | ||
| Total Current Liabilities | 19.37M | 97.59M | 8.77M | 7.44M | 4.39K | 26.77K |
| Long-Term Debt | 116.35M | 34.62M | 33.83M | 29.86M | ||
| Long-Term Leases | 203.37K | 229.85K | ||||
| Other Long-Term Liabilities | 330.00K | 493.94K | 351.17K | 45.40K | ||
| Total Liabilities | 136.05M | 132.70M | 43.15M | 37.57M | 4.39K | 26.77K |
| Common Stock | 21.00K | 20.71K | 9.75K | 8.76K | 10.00K | 266.09K |
| Additional Paid-In Capital | 73.62M | 67.40M | 14.32M | 9.15M | 179.93K | 2.00M |
| Retained Earnings | -71.64M | -58.20M | -35.85M | -26.73M | -219.32K | -2.30M |
| Comprehensive Income & Other | 3.00K | -518.15K | -1.77M | -3.02M | ||
| Total Common Equity | 2.00M | 8.70M | -23.29M | -20.58M | -29.39K | -26.70K |
| Minority Interest | 35.91M | 36.96M | ||||
| Shareholders' Equity | 37.93M | 45.66M | -23.29M | -20.58M | -4.39K | -26.70K |
| Total Liabilities & Equity | 173.98M | 178.36M | 19.87M | 16.99M | 70.00 | |
| Total Debt | 118.99M | 111.01M | 34.18M | 31.80M | 3.14K | 10.18K |
| Net Cash (Debt) | -117.89M | -106.10M | -31.43M | -30.66M | -3.14K | -10.18K |
| Net Cash Per Share | -0.60 | -0.73 | -0.34 | -0.45 | -0.00 | -0.02 |
| Filing Date Shares Outstanding | 211.15M | 209.10M | 97.48M | 68.04M | 10.00M | 532.19K |
| Total Common Shares Outstanding | 211.13M | 207.10M | 97.48M | 68.04M | 10.00M | 532.19K |
| Working Capital | -2.85M | -74.14M | 8.68M | 9.12M | -4.39K | -26.70K |
| Book Value Per Share | 0.01 | 0.04 | -0.24 | -0.30 | -0.00 | -0.05 |
| Tangible Book Value | -200.00K | 4.97M | -25.21M | -20.58M | -29.39K | -26.70K |
| Tangible Book Value Per Share | -0.00 | 0.02 | -0.26 | -0.30 | -0.00 | -0.05 |
| Land | 22.38M | 19.69M | ||||
| Buildings | 135.87M | 132.69M | ||||
| Machinery | 228.00K | 217.68K | 243.40K | 204.42K | ||
| Leasehold Improvements | 5.00K | 4.93K | 12.64K | 13.87K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2018 | FY2013 | |
|---|---|---|---|---|---|---|
| Net Income | -29.72M | -20.76M | -8.66M | -7.67M | -192.71K | -112.07K |
| Depreciation & Amortization | 10.56M | 6.40M | 398.27K | 113.15K | ||
| Other Amortization | 268.00K | 75.00K | 40.62K | |||
| Loss (Gain) From Sale of Assets | -4.23K | |||||
| Asset Writedown & Restructuring Costs | 14.88K | 14.88K | ||||
| Loss (Gain) From Sale of Investments | 1.92K | 17.16K | ||||
| Stock-Based Compensation | 806.74K | 747.74K | 81.25K | 1.28M | ||
| Provision & Write-off of Bad Debts | 978.26K | 1.77M | 4.02M | 5.56M | ||
| Other Operating Activities | 1.94M | 3.22M | 1.39M | 452.05K | 173.06K | 8.11K |
| Change in Accounts Payable | -348.84K | -1.20M | 792.88K | 63.07K | 1.25K | -4.01K |
| Change in Other Net Operating Assets | 8.63M | 7.72M | -1.80M | -65.29K | 3.14K | 50.00 |
| Operating Cash Flow | -6.88M | -2.01M | -3.74M | -252.39K | -15.26K | -107.92K |
| Capital Expenditures | -5.89M | -39.01K | -52.99K | -40.19K | ||
| Sale of Property, Plant & Equipment | 11.60K | |||||
| Cash Acquisitions | 4.77M | -230.00K | -630.00K | |||
| Other Investing Activities | -4.32M | -4.32M | 1.00 | -491.99K | ||
| Investing Cash Flow | -5.44M | -4.59M | -671.39K | -40.19K | -491.99K | |
| Short-Term Debt Issued | 21.56K | |||||
| Long-Term Debt Issued | 7.72M | 7.17M | 2.24M | |||
| Total Debt Issued | 16.45M | 7.72M | 7.17M | 2.24M | 21.56K | |
| Short-Term Debt Repaid | -6.97M | -1.50M | ||||
| Long-Term Debt Repaid | -850.00K | -3.10M | -2.68M | |||
| Total Debt Repaid | -6.33M | -7.83M | -4.60M | -2.68M | ||
| Net Debt Issued (Repaid) | 10.13M | -108.59K | 2.58M | -435.83K | 21.56K | |
| Issuance of Common Stock | 2.36M | 386.15K | 1.79M | 473.35K | 83.18K | |
| Preferred Dividends Paid | -416.48K | -416.48K | -462.60K | |||
| Common Dividends Paid | -1.18M | |||||
| Dividends Paid | -416.48K | -416.48K | -462.60K | -1.18M | ||
| Other Financing Activities | -4.50M | 8.90K | ||||
| Financing Cash Flow | 16.23M | 12.02M | 6.05M | 984.19K | 507.25K | 104.73K |
| Foreign Exchange Rate Adjustments | -38.76K | |||||
| Miscellaneous Cash Flow Adjustments | -1.00 | |||||
| Net Cash Flow | 3.91M | 5.43M | 1.60M | 691.61K | -3.19K | |
| Free Cash Flow | -12.77M | -2.04M | -3.79M | -292.58K | -15.26K | -107.92K |
| Free Cash Flow Margin | -75.50% | -12.56% | -29.67% | -2.48% | ||
| Free Cash Flow Per Share | -0.07 | -0.01 | -0.04 | -0.00 | -0.01 | -0.22 |
| Levered Free Cash Flow | 2.35M | 3.09M | -1.28M | -74.11K | ||
| Unlevered Free Cash Flow | 9.89M | 8.70M | 1.59M | -73.43K | ||
| Cash Interest Paid | 10.47M | 7.95M | 4.41M | 3.35M | ||
| Cash Income Tax Paid | 40.52K | 40.52K | 56.05K | |||
| Change in Working Capital | 8.28M | 6.52M | -1.00M | -2.22K | 4.39K | -3.96K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2018 | FY2013 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 646.12M | 1.06B | 24.38M | 23.46M | 3.45M | 319.31K |
| Enterprise Value | 764.01M | 1.22B | 24.55M | 23.64M | 3.47M | 320.04K |
| Last Close Price | 2.98 | 5.10 | 0.25 | 0.27 | 0.34 | 0.60 |
| PS Ratio | 37.19 | 64.88 | 1.91 | 1.99 | ||
| PB Ratio | 16.59 | 23.13 | -1.05 | -1.14 | -785.28 | -11.96 |
| P/TBV Ratio | 212.46 | |||||
| EV/Sales Ratio | 44.16 | 74.93 | 1.92 | 2.00 | ||
| Debt / Equity Ratio | 3.14 | 2.43 | -1.47 | -1.54 | -0.71 | -0.38 |
| Net Debt / Equity Ratio | 3.11 | 2.32 | -1.35 | -1.49 | -0.71 | -0.38 |
| Net Debt / EBITDA Ratio | -14.67 | -19.95 | -8.60 | -7.20 | ||
| Net Debt / FCF Ratio | -9.23 | -51.90 | -8.28 | -104.78 | -0.21 | -0.09 |
| Asset Turnover | 0.17 | 0.16 | 0.69 | |||
| Quick Ratio | 0.06 | 0.05 | 0.32 | 2.21 | ||
| Current Ratio | 0.85 | 0.24 | 1.99 | 2.23 | 0.00 | |
| Return on Equity (ROE) | -311.39% | -185.51% | ||||
| Return on Assets (ROA) | -11.56% | -7.19% | -13.30% | -4,110.53% | ||
| Return on Capital Employed (ROCE) | -11.90% | -14.10% | -35.30% | -45.00% | 4,255.80% | 416.40% |
| Earnings Yield | -5.49% | -1.97% | -35.52% | -32.70% | -5.59% | -35.10% |
| FCF Yield | -2.03% | -0.19% | -15.56% | -1.25% | -0.44% | -33.80% |
| Buyback Yield / Dilution | -96.12% | -57.14% | -36.15% | -6,666.50% | -103.94% | -35.16% |