FY2025 · ended Dec 31, 2025 · Revenue $136.10M, -16.8% YoY · Filed Mar 31, 2026
SPAR Group, Inc. (SGRP) files with the SEC under industry code 7389, Services-Business Services, NEC. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $136.1 million and a net loss of $24.6 million. Free cash flow was -$21.4 million. As of Jun 30, 2026 it held $2.9 million in cash and investments and $8.5 million in total debt.
Revenue (TTM)
$130.86M
-8.8% vs year-ago TTM
Net income (TTM)
$-25.23M
-365.2% vs year-ago TTM
Operating cash flow (TTM)
$-15.24M
-19.7% vs year-ago TTM
Free cash flow (TTM)
$-18.30M
-30.2% vs year-ago TTM
EPS (TTM)
$-1.03
-345.1% vs year-ago TTM
Dividend per share
None
Shares outstanding
24.13M
+2.9% vs prior year
Net cash
$-5.59M
as of Jun 30, 2026
Operating margin
-13.4%
FY 2026
Company profile
- Industry
- Services-Business Services, NEC (SIC 7389)
- Listed as
- SGRP (OTC)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Charlotte, NC
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 1004989
- Former names
- SPAR GROUP INC (until Aug 27, 2020); PIA MERCHANDISING SERVICES INC (until Jun 17, 1999)
Other Services-Business Services, NEC companies
- Visa Inc. V
- Mastercard Inc MA
- Alibaba Group Holding Ltd BABA
- Accenture plc ACN
- Uber Technologies, Inc UBER
- PDD Holdings Inc. PDD
- Mercadolibre Inc MELI
- DoorDash, Inc. DASH
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $136.1M | $163.6M | $187.9M | $261.3M | $255.7M |
| Operating income | -$16.9M | $700,000 | $5.6M | $5.4M | $4.2M |
| Net income | -$24.6M | -$3.1M | $3.9M | -$732,000 | $2.0M |
| Diluted EPS | -$1.04 | -$0.13 | $0.16 | -$0.03 | -$0.08 |
| Operating cash flow | -$18.4M | -$665,000 | $6.8M | -$5.0M | $2.6M |
| Free cash flow | -$21.4M | -$1.8M | $5.6M | -$6.8M | $907,000 |
| Total assets | $44.1M | $56.4M | $90.3M | $94.6M | $89.0M |
| Total liabilities | $43.4M | $32.1M | $50.0M | $56.5M | $51.7M |
| Stockholders' equity | $622,000 | $24.3M | $40.2M | $38.1M | $37.3M |
| Cash and investments | $3.3M | $18.2M | $4.5M | $9.3M | $13.5M |
| Total debt | $6.8M | $2.9M | $19.8M | $20.3M | $13.5M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Aug 13, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 13, 2026 | Aug 13, 2026 |
| 8-K |
Current report
Officer or director change, Other events
|
Aug 12, 2026 | Aug 6, 2026 |
| 8-K |
Current report
Other events
|
Jul 23, 2026 | Jul 22, 2026 |
| 8-K |
Current report
Listing notice, Shareholder vote results
|
Jul 15, 2026 | Jul 10, 2026 |
| 8-K |
Current report
Other events
|
Jul 6, 2026 | Jul 6, 2026 |
All 1000 SPAR Group, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.