Stewards Q2 FY26 operating loss widens to US$3.97 million; revenue rises 5% to US$3.47 million
SWRD•Operating loss and funding update
Operating loss widened to US$8.17 million from US$1.25 million, driven by real estate depreciation and amortization of US$4.2 million.
Management cited an executed commitment for at least US$24 million of funding over 12 months, structured in monthly rounds averaging US$2 million.
Second-quarter and six-month results
Stewards posted a net loss of US$12.9 million for the six months ended June 30, 2026.
Revenue rose 10% to US$7.32 million, as Real Estate Operations delivered US$4.78 million with no revenue a year earlier.
Financing Solutions revenue dropped 62% to US$2.54 million, on lower MCA origination volumes and reduced deployment activity.
