Stewards, Inc. (SWRD) SEC Filings & Earnings Calls
EquiReason read 21 Stewards, Inc. SEC filings in the last 12 months. Latest: 8-K on 2026-09-29 — Acquisition of Envy Pompano Beach real estate assets for $42.8M in stock and assumption of $44.6M debt; financed with new loan and equity issuance..
Source: SEC EDGAR filings · read by EquiReason
- Market cap
- 527.9M
- P/E TTM
- —
- Dividend yield
- —
- 52-week
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- Next earnings
- 13 Nov, in 20 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
29 Sep 20268-K · 1.01, 2.01, 2.03, 3.02Acquisition of Envy Pompano Beach real estate assets for $42.8M in stock and assumption of $44.6M debt; financed with new loan and equity issuance.acquisitionopen
Risks flagged
Share dilution from issuance of 14.3M shares; leverage increase from debt assumption.
“Issued 14,263,025 shares; refinanced $44.6M debt.”
24 Sep 20268-K · 1.02Termination of a $1.5M promissory note and security agreement with Accretiv Investment Holdings; no funds advanced, no penalty, mutual releases.open
Risks flagged
No material financial impact from termination; no penalty or outstanding obligations.
“The Company incurred no early termination penalty and is not required to pay any termination fee or other amount to the Lender.” · word for word
22 Sep 20268-K · 1.02, 8.01Termination of a property purchase agreement due to a dispute, resolved via confidential settlement with $100K payment to seller and $900K returned to buyer; no material financial impact.open
Risks flagged
Litigation risk from contract dispute; settlement indicates potential for future disputes
“Dispute over Purchase Agreement led to litigation; resolved via confidential settlement”
22 Sep 20268-K · 1.01, 2.03Amendment No. 2 to promissory note extends maturity of $1.6M final installment to Oct 15, 2026; related-party lender; default interest waived temporarily.open
Risks flagged
Related-party debt extension signals potential cash flow strain; default interest waiver may indicate inability to pay on original terms.
“If the Company fails to pay the Final Installment... the waiver ceases... and the fifteen percent (15%) default interest rate is reinstated.” · word for word
16 Sep 2026SC 13DInsider group led by Chairman Glen Steward discloses 35.9% beneficial ownership via SC 13D, stating investment intent and no current plans for major changes.open
Risks flagged
Concentrated control risk
“holders of the Series B Preferred Stock collectively control approximately 87% of the total voting power of the Issuer.” · word for word
16 Sep 2026SC 13DA group led by Charles R. Abele, Jr. filed a Schedule 13D disclosing a 17.2% passive stake in Stewards, Inc., acquired as consideration for a prior asset sale.open
Figures in the filing · each found in the filing text
| Beneficial ownership percentage · 2026-09-09 | 17.2% |
14 Sep 20268-K · 7.01Stewards, Inc. furnished a corporate presentation covering strategy, private credit, real assets, digital infrastructure, and Nasdaq uplisting plans. No specific financial guidance or material definitive agreement disclosed.open
Risks flagged
Nasdaq uplisting uncertain; stock thinly traded on OTC market.
“Forward-Looking Statements: 'There can be no assurance that the Company will obtain a listing on Nasdaq... an active, liquid trading market does not currently exist.'”
Digital asset and tokenization initiatives are exploratory and not operational.
“Slide 2: 'Digital and on-chain capabilities described in this presentation are exploratory and are not currently deployed in live operations.'”
14 Sep 20268-K · 8.01Board approved a standstill and additional review process for a previously contemplated RSU recognition program; no awards granted, no shares issued, clarifying prior disclosure.open
Risks flagged
Potential confusion or legal risk from prior disclosure of unexecuted RSU awards.
“Registration Statement No. 333-291586 previously described the Prior Approval as an 'issuance' of 3,000,000 RSUs.” · word for word
9 Sep 20268-K · 8.01Stewards, Inc. received Nasdaq approval to list its common stock on the Nasdaq Capital Market, moving from OTC markets. Trading expected to begin September 10, 2026 under symbol 'SWRD'.open
Risks flagged
No new risk signals; listing upgrade reduces OTC-related risks.
“Listing on Nasdaq Capital Market from OTC markets.”
4 Sep 20268-K · 1.01, 2.03, 3.02Amendment No. 4 to Loan Agreement extends closing date to Nov 15, 2026, maintains $100M facility, 8% interest, reduces warrant coverage for post-Aug 31 funding; related-party transaction with Chairman.open
Risks flagged
Related-party transaction with Chairman Glen Steward may create conflicts of interest; reduced warrant coverage could dilute existing shareholders more per dollar funded.
“Glen Steward disclosed interest and abstained; disinterested directors approved.”
4 Sep 20268-K · 1.01, 2.03Secured short-term bridge financing of $1.5M with 5% fixed return, due Sept 21, 2026; junior lien on substantially all assets; full recourse; liquidated damages of $200K on default.open
Risks flagged
Very short maturity (19 days) and high cost (5% fixed return) signal acute liquidity pressure; junior lien subordination to existing senior debt increases default risk.
“Principal due Sept 21, 2026; fixed return 5%; junior to $5M senior convertible notes.”
25 Aug 20268-K · 8.01Dispute over $1M deposit on real estate acquisition; seller claims default, buyer disputes; potential litigation and impairment risk.open
Risks flagged
Litigation liability from deposit dispute
“The Seller has asserted a claim to the $1.0 million Deposit.” · word for word
Acquisition completion risk
“there can be no assurance that the acquisition will be completed, that the Purchase Agreement will be determined to remain enforceable, or that the Deposit will be recovered in whole or in part.” · word for word
14 Aug 202610-QStewards, Inc. reported Q2 2026 results with increased revenue but significantly wider net loss and negative working capital.earningsopen
Figures in the filing · each found in the filing text
| Total revenues · Q2-2026 | $3M | +5% y/y |
| Net loss · Q2-2026 | $-7M | +228% y/y |
| Gross profit · Q2-2026 | $2M | -31% y/y |
| Total assets · 2026-06-30 | $174M | -2% y/y |
| Accumulated deficit · 2026-06-30 | $-72M | +23% y/y |
| Advance receivables, net · 2026-06-30 | $5M | -32% y/y |
| Allowance for expected credit losses · 2026-06-30 | $20M | +1% y/y |
Risks flagged
Going concern risk
“As of June 30, 2026, the Company has negative working capital of $2.8 million and an accumulated deficit of $71.6 million.” · word for word
Credit loss risk
“Allowance for expected credit losses $20,030 thousand on gross advance receivables of $24,978 thousand as of June 30, 2026.”
Related party dependency
“On August 13, 2026, Stewards (International) Limited... executed a written commitment to provide the Company with at least $24.0 million of funding.” · word for word
7 Aug 20268-K · 1.01, 5.03Stewards, Inc. amends promissory note with FAVO Holdings, extending maturity of $1.6M final installment to Sep 1, 2026, increasing interest rate to 10% from default 15% waived temporarily. Related-party transaction with CEO.open
Risks flagged
Company extended maturity of a $1.6M note payment, suggesting liquidity pressure.
“the maturity date of the Final Installment was extended from May 31, 2026 to September 1, 2026” · word for word
Related-party transaction with CEO-owned entity may indicate governance risk.
“The Holder is owned 65% by Vincent Napolitano and 35% by Shaun Quin, the Company’s Chief Executive Officer and a director.” · word for word
Default interest rate of 15% could be reinstated if payment not made by Sep 1, 2026.
“If the Company fails to pay the Final Installment ... the waiver ceases and the fifteen percent (15%) default interest rate is reinstated” · word for word
30 Jul 20268-K · 1.01, 2.03, 3.02Entered multiple loan agreements and issued convertible promissory notes and warrants, increasing leverage and diluting equity. Total deal size not explicitly stated.open
Risks flagged
Increased leverage through multiple loan agreements and convertible notes.
“Loan Agreement, Convertible Promissory Note, Mezzanine Loan Agreement”
Potential dilution from convertible notes and warrants.
“Form of Secured Convertible Promissory Note; Form of Common Stock Purchase Warrant”
Stewards, Inc. — questions
- What did Stewards, Inc. file recently?
- 21 SEC filings in the last 12 months. Latest: 8-K on 2026-09-29 — Acquisition of Envy Pompano Beach real estate assets for $42.8M in stock and assumption of $44.6M debt; financed with new loan and equity issuance.
Every figure on this page comes from Stewards, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.