What is Spar Group Inc's earnings per share (EPS)?

Spar Group Inc (SGRP) reported diluted earnings per share of $-1.04 for fiscal year 2025. This represents a -700.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Spar Group Inc Financials

SGRP

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE March

This page shows Spar Group Inc (SGRP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 12/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Spar Group Inc has an operating margin of -77.1%, meaning the company retains $-77 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 0.4% the prior year.

Growth

Spar Group Inc's revenue declined 86.6% year-over-year, from $163.6M to $21.9M. This contraction results in a growth score of 0/100.

Leverage

Spar Group Inc has a moderate D/E ratio of 2.06. This balance of debt and equity financing earns a leverage score of 60/100.

Liquidity

Spar Group Inc's current ratio of 0.83 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 11/100, which could limit financial flexibility.

Cash Flow

While Spar Group Inc generated -$18.4M in operating cash flow, capex of $3.0M consumed most of it, leaving -$21.4M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Spar Group Inc generates a -3959.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -13.0% the prior year.

Piotroski F-Score Weak

3/9

Spar Group Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.75x

For every $1 of reported earnings, Spar Group Inc generates $0.75 in operating cash flow (-$18.4M OCF vs -$24.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$21.9M

YoY-86.6%

5Y CAGR-37.5%

10Y CAGR-15.6%

Spar Group Inc generated $21.9M in revenue in fiscal year 2025. This represents a decrease of 86.6% from the prior year.

EBITDA

-$15.3M

YoY-777.7%

Spar Group Inc's EBITDA was -$15.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 777.7% from the prior year.

Net Income

-$24.6M

YoY-681.8%

Spar Group Inc reported -$24.6M in net income in fiscal year 2025. This represents a decrease of 681.8% from the prior year.

EPS (Diluted)

$-1.04

YoY-700.0%

Spar Group Inc earned $-1.04 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 700.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$21.4M

YoY-1094.0%

Spar Group Inc generated -$21.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 1094.0% from the prior year.

Cash & Debt

$3.3M

YoY-82.1%

5Y CAGR-27.2%

10Y CAGR-5.5%

Spar Group Inc held $3.3M in cash against $1.3M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

24M

YoY+2.9%

5Y CAGR+2.7%

Spar Group Inc had 24M shares outstanding in fiscal year 2025. This represents an increase of 2.9% from the prior year.

Margins & Returns

Gross Margin

99.0%

YoY+78.4pp

5Y CAGR+79.4pp

10Y CAGR+74.4pp

Spar Group Inc's gross margin was 99.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 78.4 percentage points from the prior year.

Operating Margin

-77.1%

YoY-77.5pp

5Y CAGR-81.3pp

10Y CAGR-79.8pp

Spar Group Inc's operating margin was -77.1% in fiscal year 2025, reflecting core business profitability. This is down 77.5 percentage points from the prior year.

Net Margin

-112.3%

YoY-110.4pp

5Y CAGR-113.8pp

10Y CAGR-113.1pp

Spar Group Inc's net profit margin was -112.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 110.4 percentage points from the prior year.

Return on Equity

-3959.2%

YoY-3946.2pp

5Y CAGR-3974.3pp

10Y CAGR-3963.9pp

Spar Group Inc's ROE was -3959.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 3946.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$1.8M

YoY+0.0%

10Y CAGR+32.4%

Spar Group Inc spent $1.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 0.0% from the prior year.

Capital Expenditures

$3.0M

YoY+163.8%

5Y CAGR+13.2%

10Y CAGR+6.6%

Spar Group Inc invested $3.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 163.8% from the prior year.

SGRP Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$21.9M-86.6%	$163.6M-12.9%	$187.9M-28.1%	$261.3M+2.2%	$255.7M+10.9%	$230.5M
Cost of Revenue	$229K-99.8%	$130.0M-5.9%	$138.2M-31.4%	$201.5M+0.3%	$200.8M+8.3%	$185.3M
Gross Profit	$21.7M-35.4%	$33.6M-24.4%	$44.4M-12.9%	$51.0M+7.3%	$47.5M+5.2%	$45.2M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$32.2M-5.0%	$33.9M-7.5%	$36.6M-11.0%	$41.1M+11.8%	$36.8M+10.3%	$33.3M
Operating Income	-$16.9M-2514.7%	$700K-87.4%	$5.6M+3.5%	$5.4M+28.8%	$4.2M-57.0%	$9.7M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$4.1M+2728.5%	$144K-77.8%	$648K-76.7%	$2.8M+31.7%	$2.1M+575.6%	$312K
Net Income	-$24.6M-681.8%	-$3.1M-180.7%	$3.9M+633.1%	-$732K-136.6%	$2.0M-40.6%	$3.4M
EPS (Diluted)	$-1.04-700.0%	$-0.13-181.3%	$0.16+633.3%	$-0.03+62.5%	$-0.08-150.0%	$0.16

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$41.4M+7.2%	$38.6M+13.5%	$34.0M+3.0%	$33.0M-12.6%	$37.8M-12.9%	$43.4M-12.1%	$49.4M+71.2%	$28.9M
Cost of Revenue	$33.7M+14.1%	$29.6M+10.5%	$26.8M+0.8%	$26.6M-9.5%	$29.3M-14.8%	$34.4M-13.2%	$39.7M+108.7%	$19.0M
Gross Profit	$7.7M-15.1%	$9.1M+24.6%	$7.3M+12.3%	$6.5M-23.3%	$8.4M-5.8%	$9.0M-7.7%	$9.7M+2.7%	$9.5M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$9.2M+15.8%	$7.9M+35.1%	$5.9M-38.4%	$9.5M+11.4%	$8.6M+6.1%	$8.1M+4.5%	$7.7M-3.8%	$8.0M
Operating Income	-$5.9M-927.8%	$715K-31.0%	$1.0M+118.9%	-$5.5M-257.8%	-$1.5M-58.4%	-$966K-111.1%	$8.7M+1198.1%	$668K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$1.7M+1332.5%	$120K+5.3%	$114K-13.0%	$131K+105.7%	-$2.3M-347.8%	$934K-33.0%	$1.4M+215.6%	-$1.2M
Net Income	-$8.8M-876300.0%	-$1K-100.2%	$462K+108.1%	-$5.7M-3034.1%	-$182K+95.3%	-$3.9M-158.7%	$6.6M+210.0%	$2.1M
EPS (Diluted)	$-0.37	$0.00-100.0%	$0.02	N/A	$-0.01+93.8%	$-0.16-157.1%	$0.28	N/A

SGRP Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$44.1M-21.9%	$56.4M-37.5%	$90.3M-4.6%	$94.6M+6.3%	$89.0M+5.9%	$84.0M
Current Assets	$31.4M-31.7%	$46.0M-39.6%	$76.1M-5.9%	$80.9M+12.3%	$72.0M+8.3%	$66.5M
Cash & Equivalents	$3.3M-82.1%	$18.2M+305.7%	$4.5M-51.9%	$9.3M-30.6%	$13.5M-15.6%	$16.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$27.0M+9.0%	$24.8M-42.5%	$43.1M-32.3%	$63.7M+17.6%	$54.2M+15.5%	$46.9M
Goodwill	$856K0.0%	$856K-33.8%	$1.3M-24.2%	$1.7M-59.0%	$4.2M+10.8%	$3.8M
Total Liabilities	$43.4M+35.2%	$32.1M-35.8%	$50.0M-11.5%	$56.5M+9.4%	$51.7M+13.8%	$45.4M
Current Liabilities	$37.7M+25.5%	$30.1M-38.1%	$48.6M-11.0%	$54.6M+8.7%	$50.2M+17.0%	$42.9M
Long-Term Debt	$1.3M-25.4%	$1.7M+455.5%	$310K-77.5%	$1.4M+96.6%	$700K-30.0%	$1.0M
Total Equity	$622K-97.4%	$24.3M-13.9%	$28.2M+25.9%	$22.4M+13.5%	$19.8M-10.9%	$22.2M
Retained Earnings	-$17.2M-330.2%	$7.5M-29.7%	$10.6M+58.2%	$6.7M-9.8%	$7.4M-19.3%	$9.2M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$61.7M-13.8%	$71.6M+2.0%	$70.2M+24.3%	$56.4M-16.3%	$67.4M-3.8%	$70.0M-33.0%	$104.5M+15.8%	$90.3M
Current Assets	$51.9M-14.3%	$60.6M+2.5%	$59.1M+28.4%	$46.0M-24.0%	$60.5M-2.1%	$61.8M-33.7%	$93.2M+22.4%	$76.1M
Cash & Equivalents	$8.2M-41.1%	$13.9M-22.4%	$17.9M-1.5%	$18.2M-7.3%	$19.7M-9.4%	$21.7M+30.5%	$16.6M+270.3%	$4.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$41.3M-6.8%	$44.4M+16.1%	$38.2M+54.3%	$24.8M-34.4%	$37.8M-0.5%	$38.0M-44.8%	$68.7M+59.4%	$43.1M
Goodwill	$856K0.0%	$856K0.0%	$856K0.0%	$856K-30.9%	$1.2M0.0%	$1.2M+31.4%	$942K-27.2%	$1.3M
Total Liabilities	$45.1M-3.4%	$46.7M+2.7%	$45.5M+41.5%	$32.1M-15.1%	$37.9M-3.7%	$39.3M-39.0%	$64.5M+28.9%	$50.0M
Current Liabilities	$43.4M-2.7%	$44.6M+2.8%	$43.4M+44.4%	$30.1M-12.3%	$34.3M-7.2%	$36.9M-32.9%	$55.0M+13.3%	$48.6M
Long-Term Debt	$1.1M-35.4%	$1.8M+0.9%	$1.7M+0.9%	$1.7M+12.0%	$1.5M-10.1%	$1.7M-79.4%	$8.3M+2574.8%	$310K
Total Equity	$16.6M-33.4%	$24.9M+0.8%	$24.7M+1.6%	$24.3M-17.0%	$29.3M-0.3%	$29.4M-10.8%	$33.0M+16.7%	$28.2M
Retained Earnings	-$844K-110.7%	$7.9M0.0%	$7.9M+6.2%	$7.5M-40.1%	$12.5M-1.4%	$12.6M-23.5%	$16.5M+55.8%	$10.6M

SGRP Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$18.4M-2673.4%	-$665K-109.7%	$6.8M+235.2%	-$5.0M-291.9%	$2.6M-70.1%	$8.8M
Capital Expenditures	$3.0M+163.8%	$1.1M-5.4%	$1.2M-33.6%	$1.8M+4.4%	$1.7M+7.6%	$1.6M
Free Cash Flow	-$21.4M-1094.0%	-$1.8M-131.9%	$5.6M+182.3%	-$6.8M-854.2%	$907K-87.4%	$7.2M
Investing Cash Flow	-$1.1M-110.7%	$9.9M+535.5%	-$2.3M-26.3%	-$1.8M-4.4%	-$1.7M-7.6%	-$1.6M
Financing Cash Flow	$4.5M+373.3%	-$1.7M+45.2%	-$3.0M-186.6%	$3.5M+163.1%	$1.3M+912.2%	$131K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$1.8M0.0%	$1.8M	$0-100.0%	$181K	$0	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$4.1M+48.3%	-$7.9M-94.3%	-$4.0M-6321.5%	$65K+107.2%	-$900K-102.2%	-$445K-172.4%	$615K-88.1%	$5.2M
Capital Expenditures	$575K+32.5%	$434K-17.3%	$525K+127.3%	$231K+81.9%	$127K-62.6%	$340K-21.1%	$431K+174.5%	$157K
Free Cash Flow	-$4.6M+44.1%	-$8.3M-81.4%	-$4.6M-2652.4%	-$166K+83.8%	-$1.0M-30.8%	-$785K-526.6%	$184K-96.3%	$5.0M
Investing Cash Flow	-$575K-32.5%	-$434K+17.3%	-$525K-248.7%	$353K+124.6%	-$1.4M-112.1%	$11.8M+1448.5%	-$878K+26.0%	-$1.2M
Financing Cash Flow	-$1.1M-125.3%	$4.3M-0.8%	$4.3M+329.9%	-$1.9M-685.0%	$319K+104.9%	-$6.5M-201.7%	$6.3M+521.8%	-$1.5M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0	N/A	N/A	$0	$0	N/A	N/A	$0

SGRP Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	99.0%+78.4pp	20.5%-3.1pp	23.6%+4.1pp	19.5%+0.9pp	18.6%-1.0pp	19.6%
Operating Margin	-77.1%-77.5pp	0.4%-2.5pp	3.0%+0.9pp	2.1%+0.4pp	1.6%-2.6pp	4.2%
Net Margin	-112.3%-110.4pp	-1.9%-4.0pp	2.1%+2.4pp	-0.3%-1.1pp	0.8%-0.7pp	1.5%
Return on Equity	-3959.2%-3946.2pp	-13.0%-26.8pp	13.8%+17.1pp	-3.3%-13.4pp	10.1%-5.1pp	15.2%
Return on Assets	-55.9%-50.3pp	-5.6%-9.9pp	4.3%+5.1pp	-0.8%-3.0pp	2.3%-1.8pp	4.0%
Current Ratio	0.83-0.7	1.53-0.0	1.57+0.1	1.48+0.0	1.43-0.1	1.55
Debt-to-Equity	2.06+2.0	0.07+0.1	0.01-0.1	0.06+0.0	0.040.0	0.05
FCF Margin	-97.7%-96.6pp	-1.1%-4.1pp	3.0%+5.6pp	-2.6%-3.0pp	0.4%-2.8pp	3.1%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	18.6%-4.9pp	23.5%+2.1pp	21.4%+1.8pp	19.6%-2.7pp	22.3%+1.7pp	20.6%+1.0pp	19.7%-13.1pp	32.8%
Operating Margin	-14.3%-16.1pp	1.8%-1.2pp	3.0%+19.6pp	-16.6%-12.5pp	-4.0%-1.8pp	-2.2%-19.8pp	17.5%+15.2pp	2.3%
Net Margin	-21.2%-21.2pp	0.0%-1.4pp	1.4%+18.6pp	-17.3%-16.8pp	-0.5%+8.5pp	-9.0%-22.4pp	13.4%+6.0pp	7.4%
Return on Equity	-52.8%-52.8pp	0.0%-1.9pp	1.9%+25.3pp	-23.5%-22.8pp	-0.6%+12.6pp	-13.2%-33.4pp	20.1%+12.5pp	7.6%
Return on Assets	-14.2%-14.2pp	0.0%-0.7pp	0.7%+10.8pp	-10.1%-9.8pp	-0.3%+5.3pp	-5.6%-11.9pp	6.3%+4.0pp	2.4%
Current Ratio	1.20-0.2	1.360.0	1.36-0.2	1.53-0.2	1.77+0.1	1.67-0.0	1.69+0.1	1.57
Debt-to-Equity	0.070.0	0.070.0	0.070.0	0.07+0.0	0.050.0	0.06-0.2	0.25+0.2	0.01
FCF Margin	-11.2%+10.3pp	-21.5%-8.0pp	-13.4%-12.9pp	-0.5%+2.2pp	-2.7%-0.9pp	-1.8%-2.2pp	0.4%-17.0pp	17.4%

Note: The current ratio is below 1.0 (0.83), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Spar Group Inc's annual revenue?

Spar Group Inc (SGRP) reported $21.9M in total revenue for fiscal year 2025. This represents a -86.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Spar Group Inc's revenue growing?

Spar Group Inc (SGRP) revenue declined by 86.6% year-over-year, from $163.6M to $21.9M in fiscal year 2025.

Is Spar Group Inc profitable?

No, Spar Group Inc (SGRP) reported a net income of -$24.6M in fiscal year 2025, with a net profit margin of -112.3%.

What is Spar Group Inc's EBITDA?

Spar Group Inc (SGRP) had EBITDA of -$15.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Spar Group Inc have?

As of fiscal year 2025, Spar Group Inc (SGRP) had $3.3M in cash and equivalents against $1.3M in long-term debt.

What is Spar Group Inc's gross margin?

Spar Group Inc (SGRP) had a gross margin of 99.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Spar Group Inc's operating margin?

Spar Group Inc (SGRP) had an operating margin of -77.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Spar Group Inc's net profit margin?

Spar Group Inc (SGRP) had a net profit margin of -112.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Spar Group Inc's return on equity (ROE)?

Spar Group Inc (SGRP) has a return on equity of -3959.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Spar Group Inc's free cash flow?

Spar Group Inc (SGRP) generated -$21.4M in free cash flow during fiscal year 2025. This represents a -1094.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Spar Group Inc's operating cash flow?

Spar Group Inc (SGRP) generated -$18.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Spar Group Inc's total assets?

Spar Group Inc (SGRP) had $44.1M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Spar Group Inc's capital expenditures?

Spar Group Inc (SGRP) invested $3.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Spar Group Inc buy back shares?

Yes, Spar Group Inc (SGRP) spent $1.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Spar Group Inc have outstanding?

Spar Group Inc (SGRP) had 24M shares outstanding as of fiscal year 2025.

What is Spar Group Inc's current ratio?

Spar Group Inc (SGRP) had a current ratio of 0.83 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Spar Group Inc's debt-to-equity ratio?

Spar Group Inc (SGRP) had a debt-to-equity ratio of 2.06 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Spar Group Inc's return on assets (ROA)?

Spar Group Inc (SGRP) had a return on assets of -55.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Spar Group Inc's cash runway?

Based on fiscal year 2025 data, Spar Group Inc (SGRP) had $3.3M in cash against an annual operating cash burn of $18.4M. This gives an estimated cash runway of approximately 2 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Spar Group Inc's Piotroski F-Score?

Spar Group Inc (SGRP) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Spar Group Inc's earnings high quality?

Spar Group Inc (SGRP) has an earnings quality ratio of 0.75x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Spar Group Inc?

Spar Group Inc (SGRP) scores 12 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.