S
SPAR Group, Inc.
SGRPCIK 0001004989NasdaqNon-AcceleratedSmaller ReportingServices-Business Services, NecDelawareFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$-24.63M
Total Assets
$44.06M
Equity
$622.0K
Shares Out
25.13M
Op. Cash Flow
$-18.44M
Business
SPAR Group, Inc. is a merchandising and brand marketing services company providing sales-enhancing services to retailers and consumer goods manufacturers across most retail classes. The company offers merchandising, remodel and retail transformation, assembly and installation, fulfillment and distribution, and business analytics services. SPAR Group operates primarily in the United States and Canada, serving mass merchandisers, grocers, pharmacies, discount retailers, and manufacturers across personal technology, beverage, household products, and automotive categories through field specialists and company employees.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net revenues | 136 | 164 | 263 | 261 | 256 | |
| Cost of revenue | 114 | 130 | 202 | 201 | 201 | |
| Gross profit | 22 | 34 | 55 | 51 | 48 | |
| Selling, general and administrative expense | 32 | 34 | 44 | 41 | 37 | |
| Restructuring costs and severance | 5 | 0 | — | — | — | |
| Gain on disposal of business | 0 | −3 | 408,000 | 0 | — | |
| Depreciation and amortization | 2 | 2 | 2 | 2 | 2 | |
| Operating (loss) income | −17 | 700,000 | 9 | 5 | 4 | |
| Interest expense | 2 | 2 | 2 | 965,000 | 585,000 | |
| Other expenses, net | 1 | 171,000 | 346,000 | −482,000 | −510,000 | |
| Loss before income tax expense | −21 | −2 | — | — | — | |
| Income tax expense | 4 | 144,000 | 2 | 3 | 2 | |
| Loss from continuing operations | −25 | −2 | — | — | — | |
| Income from discontinued operations | 0 | 1 | — | — | — | |
| Loss on disposal of business | 0 | −1 | — | — | — | |
| Income tax expense | 0 | −1 | — | — | — | |
| Net loss from discontinued operations | 0 | −881,000 | — | — | — | |
| Net loss | −25 | −3 | 5 | 2 | 2 | |
| Net income attributable to non-controlling interest | 0 | −463,000 | −874,000 | −3 | −4 | |
| Net loss attributable to SPAR Group, Inc. | −25 | −3 | 4 | −732,000 | −2 | |
| Basic loss per common share attributable to SPAR Group, Inc. from continuing operations (in dollars per share) | −1,040 | −90 | — | — | — | |
| Diluted loss per common share attributable to SPAR Group, Inc. from continuing operations (in dollars per share) | −1.04 | −0.09 | — | — | — | |
| Basic loss per common share attributable to SPAR Group, Inc. from discontinued operations (in dollars per share) | 0 | −0.04 | — | — | — | |
| Diluted loss per common share attributable to SPAR Group, Inc. from discontinued operations (in dollars per share) | 0 | −0.04 | — | — | — | |
| Basic loss per common share attributable to SPAR Group, Inc. (in dollars per share) | −1.04 | −0.13 | 0.17 | −0.03 | −0.08 | |
| Diluted loss per common share attributable to SPAR Group, Inc. (in dollars per share) | −1.04 | −0.13 | 0.16 | −0.03 | −0.08 | |
| Weighted average common shares basic (in shares) | 24 | 24 | 23 | — | — | |
| Weighted average common shares diluted (in shares) | 24 | 24 | 24 | 22 | 21 | |
| Foreign currency translation adjustments | 44,000 | −2 | 1 | −391,000 | −4 | |
| Comprehensive loss | −25 | −4 | 6 | 2 | −2 | |
| Comprehensive income attributable to non-controlling interest | 0 | −172,000 | −317,000 | −2 | −1 | |
| Comprehensive loss attributable to SPAR Group, Inc. | −25 | −4 | 6 | −645,000 | −3 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-09-30 | FY 2024 2024-06-30 | FY 2023 2023-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 3 | 18 | 20 | 22 | 11 | |
| Accounts receivable, net | 27 | 25 | 38 | 38 | 60 | |
| Prepaid expenses and other current assets | 1 | 3 | 3 | 2 | 6 | |
| Total current assets | 31 | 46 | 61 | 62 | 76 | |
| Property and equipment, net | 4 | 2 | 2 | 2 | 3 | |
| Operating lease right-of-use assets | 5 | 630,000 | 838,000 | 1 | 2 | |
| Goodwill | 856,000 | 856,000 | 1 | 1 | 1 | |
| Intangible assets, net | 709,000 | 841,000 | 693,000 | 718,000 | 1 | |
| Deferred income taxes | 18,000 | 4 | 0 | 1 | 5 | |
| Other assets | 3 | 2 | 2 | 2 | 2 | |
| Total Assets | 44 | 56 | 67 | 70 | 90 | |
| Accrued expenses and other current liabilities | 6 | 4 | 4 | 6 | 15 | |
| Customer incentives and deposits | 1 | 892,000 | 2 | 5 | 2 | |
| Lines of credit and short-term loans | 20 | 16 | 19 | 18 | 18 | |
| Current portion of long-term debt | 500,000 | 500,000 | — | — | 18 | |
| Current operating lease liabilities | 643,000 | 276,000 | 508,000 | 482,000 | 1 | |
| Total current liabilities | 38 | 30 | 34 | 37 | 49 | |
| Operating lease liabilities, less current portion | 4 | 353,000 | 330,000 | 672,000 | 1 | |
| Deferred income taxes | 34,000 | 0 | — | — | — | |
| Long-term debt | 1 | 2 | 2 | 2 | 310,000 | |
| Total Liabilities | 43 | 32 | 38 | 39 | 50 | |
| Commitments and contingencies See Note 6 | — | — | — | — | — | |
| Common stock, $.01 par value: Authorized shares 47,000,000 Issued and outstanding shares 23,449,701 at December 31, 2024 and 23,241,000 at December 31, 2023 | 241,000 | 234,000 | 234,000 | 234,000 | 232,000 | |
| Treasury stock, at cost 632,485 shares at December 31, 2025 and 1,205,485 Shares at December 31, 2024 | −1 | −2 | — | — | −285,000 | |
| Additional paid-in capital | 20 | 20 | 21 | 21 | 21 | |
| (Accumulated deficit)/Retained earnings | −17 | 7 | 12 | 13 | 11 | |
| Total equity | 622,000 | 24 | 30 | 31 | 40 | |
| Total liabilities and equity | 44 | 56 | 67 | 70 | 90 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 2 | 2 | 2 | 2 | 2 | |
| Loss on property, plant and equipment disposal | 47,000 | 0 | — | — | — | |
| Amortization of operating lease assets | 476,000 | 545,000 | 875,000 | 646,000 | 1 | |
| Amortization of debt issuance cost | 62,000 | 0 | — | — | — | |
| Provision for expected credit losses | 0 | 128,000 | 88,000 | 1 | 128,000 | |
| Deferred income tax expense (benefit) | 4 | −2 | 921,000 | 994,000 | −267,000 | |
| Share based compensation | 140,000 | 137,000 | 297,000 | 346,000 | 711,000 | |
| Accounts receivable | −4 | −2 | 3 | −11 | −7 | |
| Prepaid expenses and other assets | 1 | 416,000 | 2 | −3 | −510,000 | |
| Accounts payable | 414,000 | 7 | −3 | 2 | 1 | |
| Operating lease liabilities | −408,000 | −541,000 | −875,000 | −744,000 | −1 | |
| Accrued expenses, other current liabilities and customer incentives and deposits | 3 | −1 | −4 | −1 | 216,000 | |
| Net cash used in continuing operations | −18 | −239,000 | — | — | — | |
| Net cash used in discontinued operations | 0 | −426,000 | — | — | — | |
| Net cash used in operating activities | −18 | −665,000 | 7 | −5 | 3 | |
| Proceeds from sale of international operations, net of cash transferred | 2 | 7 | −1 | — | — | |
| Purchases of property and equipment and internal use software | −3 | −1 | −1 | −2 | −2 | |
| Net cash (used in) provided by investing activities of continuing operations | −1 | 6 | — | — | — | |
| Net cash provided by investing activities of discontinued operations | 0 | 4 | — | — | — | |
| Net cash (used in) provided by investing activities | −1 | 10 | −2 | −2 | −2 | |
| Borrowings under lines of credit | 135 | 132 | 104 | 30 | 77 | |
| Repayments under lines of credit | −131 | −128 | −105 | −26 | −75 | |
| Payment of notes to seller | −500,000 | −2 | 0 | — | — | |
| Proceeds from the sale of treasury shares | 756,000 | 0 | — | — | — | |
| Repurchase of common stock | 0 | −2 | 0 | −181,000 | 0 | |
| Payments to acquire noncontrolling interests | 0 | −500,000 | −473,000 | −3 | 0 | |
| Proceeds from long-term debt | 0 | 15,000 | 930,000 | 4 | 0 | |
| Net cash provided by (used in) financing activities of continuing operations | 5 | −341,000 | — | — | — | |
| Net cash used in financing activities of discontinued operations | 0 | −1 | — | — | — | |
| Net cash provided by (used in) financing activities | 5 | −2 | −3 | 3 | 1 | |
| Effect of foreign exchange rate changes on cash | 18,000 | −58,000 | −158,000 | −776,000 | −5 | |
| Net (decrease)/increase in cash and cash equivalents | −15 | 8 | 1 | −4 | −2 | |
| Interest paid | 2 | 2 | 2 | 1 | 701,000 | |
| Noncash investment in internal use software, included in accounts payable | 154,000 | 0 | — | — | — | |
| Income taxes paid | 149,000 | 277,000 | 2 | 2 | 2 | |
| Promissory notes issued to Resource Plus non-controlling interest | 0 | 3 | 0 | — | — |
Filings
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Frequently asked questions
What is SPAR Group, Inc.'s CIK number?
SPAR Group, Inc.'s SEC CIK number is 0001004989 (1004989). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find SPAR Group, Inc.'s SEC filings?
All of SPAR Group, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did SPAR Group, Inc. last report earnings?
SPAR Group, Inc. (SGRP) most recently filed an earnings 8-K with the SEC on May 12, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-016244). This is SPAR Group, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is SPAR Group, Inc.'s most recent earnings 8-K?
SPAR Group, Inc.'s latest earnings 8-K (Item 2.02) was filed May 12, 2026 under accession 0001437749-26-016244. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View SPAR Group, Inc.'s latest earnings 8-K →
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