# SPAR Group, Inc.: overview

SGRP · OTC · CIK 1004989 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/sgrp.md) · [Financials](/companies/sgrp/financials.md) · [Filings](/companies/sgrp/filings.md) · [Insiders](/companies/sgrp/insiders.md)

Latest reported revenue: [$36.9m](/filings/0001437749-26-027494.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 13, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax, accession 0001437749-26-027494).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [37.8](/filings/0001437749-25-035188.md) | [33.0 d](/filings/0001437749-26-010508.md) | [34.0](/filings/0001437749-26-016247.md) | [38.6](/filings/0001437749-26-027494.md) | [41.4](/filings/0001437749-25-035188.md) | [22.0 d](/filings/0001437749-26-010508.md) | [30.5](/filings/0001437749-26-016247.md) | [36.9](/filings/0001437749-26-027494.md) |
| Gross margin | % | [22.3%](/filings/0001437749-25-035188.md) | [19.6% d](/filings/0001437749-26-010508.md) | [21.4%](/filings/0001437749-26-016247.md) | [23.5%](/filings/0001437749-26-027494.md) | [18.6%](/filings/0001437749-25-035188.md) | [(10.6%) d](/filings/0001437749-26-010508.md) | [22.3%](/filings/0001437749-26-016247.md) | [22.8%](/filings/0001437749-26-027494.md) |
| Operating margin | % | [(4.0%)](/filings/0001437749-25-035188.md) | [(16.6%) d](/filings/0001437749-26-010508.md) | [3.0%](/filings/0001437749-26-016247.md) | [1.9%](/filings/0001437749-26-027494.md) | [(14.3%)](/filings/0001437749-25-035188.md) | [(57.8%) d](/filings/0001437749-26-010508.md) | [(0.1%)](/filings/0001437749-26-016247.md) | [3.3%](/filings/0001437749-26-027494.md) |
| Net margin | % | [(0.5%)](/filings/0001437749-25-035188.md) | [(17.3%) d](/filings/0001437749-26-010508.md) | [1.4%](/filings/0001437749-26-027494.md) | [(0.0%)](/filings/0001437749-26-027494.md) | [(21.2%)](/filings/0001437749-25-035188.md) | [(74.1%) d](/filings/0001437749-26-010508.md) | [(1.8%)](/filings/0001437749-26-027494.md) | [1.1%](/filings/0001437749-26-027494.md) |
| Diluted EPS | $ per share | [(0.01)](/filings/0001437749-25-035188.md) | not reported | [0.02](/filings/0001437749-26-016247.md) | [0.00](/filings/0001437749-26-027494.md) | [(0.37)](/filings/0001437749-25-035188.md) | not reported | [(0.02)](/filings/0001437749-26-016247.md) | [0.02](/filings/0001437749-26-027494.md) |
| Free cash flow | $m | [(1.0) d](/filings/0001437749-25-035188.md) | [(0.2) d](/filings/0001437749-26-010508.md) | [(4.6)](/filings/0001437749-26-016247.md) | [(8.3) d](/filings/0001437749-26-027494.md) | [(4.6) d](/filings/0001437749-25-035188.md) | [(3.9) d](/filings/0001437749-26-010508.md) | [(4.4)](/filings/0001437749-26-016247.md) | [(5.3) d](/filings/0001437749-26-027494.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [256](/filings/0001437749-23-010432.md) | [261](/filings/0001437749-24-010386.md) | [188](/filings/0001437749-25-022876.md) | [164](/filings/0001437749-26-010508.md) | [136](/filings/0001437749-26-010508.md) |
| Gross margin | % | [18.6%](/filings/0001437749-23-010432.md) | [19.5%](/filings/0001437749-24-010386.md) | [23.7%](/filings/0001437749-25-022876.md) | [20.5%](/filings/0001437749-26-010508.md) | [15.9%](/filings/0001437749-26-010508.md) |
| Operating margin | % | [1.6%](/filings/0001437749-23-010432.md) | [2.1%](/filings/0001437749-24-010386.md) | [3.0%](/filings/0001437749-25-022876.md) | [0.4%](/filings/0001437749-26-010508.md) | [(12.4%)](/filings/0001437749-26-010508.md) |
| Net margin | % | [0.8%](/filings/0001437749-23-011876.md) | [(0.3%)](/filings/0001437749-24-010386.md) | [2.1%](/filings/0001437749-25-022876.md) | [(1.9%)](/filings/0001437749-26-010508.md) | [(18.1%)](/filings/0001437749-26-010508.md) |
| Diluted EPS | $ per share | [(0.08)](/filings/0001437749-23-010432.md) | [(0.03)](/filings/0001437749-24-010386.md) | [0.16](/filings/0001437749-25-022876.md) | [(0.13)](/filings/0001437749-26-010508.md) | [(1.04)](/filings/0001437749-26-010508.md) |
| Free cash flow | $m | [0.9](/filings/0001437749-23-010432.md) | [(6.8)](/filings/0001437749-24-010386.md) | [5.6](/filings/0001437749-25-022876.md) | [(1.8)](/filings/0001437749-26-010508.md) | [(21.4)](/filings/0001437749-26-010508.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/sgrp/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Nantahala Capital Management, LLC](/funds/1472322.md) | 2026-06-30 | $545.9k | 660,688 |  | Unchanged |
| [Nantahala Capital Management, LLC](/funds/1472322.md) | 2026-06-30 | $545.9k | 660,688 |  | Unchanged |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $416.5k | 504,195 |  | Unchanged |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $95.8k | 115,849 |  | Reduced −9,293 |
| [RBF Capital, LLC](/funds/1134621.md) | 2026-06-30 | $80.4k | 97,296 |  | Unchanged |
| [RENAISSANCE TECHNOLOGIES LLC](/funds/1037389.md) | 2026-06-30 | $63.6k | 76,941 |  | Reduced −48,367 |
| [VANGUARD FIDUCIARY TRUST CO](/funds/933478.md) | 2026-06-30 | $42.5k | 51,488 |  | Unchanged |
| [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $31.5k | 38,154 |  | Reduced −21,892 |
| [NORTHERN TRUST CORP](/funds/73124.md) | 2026-06-30 | $26.4k | 31,973 |  | Added +11,793 |
| [CSS LLC/IL](/funds/1103646.md) | 2026-06-30 | $20.2k | 24,422 |  | Unchanged |

## Recent filings

[All 860 filings](/companies/sgrp/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-27 | 15:31 ET | [SCHEDULE 13D/A](/filings/0001090394-26-000012.md) | Ownership report, active investor, amended | 0001090394-26-000012 |
| 2026-10-27 | 14:55 ET | [SCHEDULE 13D/A](/filings/0001090394-26-000010.md) | Ownership report, active investor, amended | 0001090394-26-000010 |
| 2026-10-07 | 15:03 ET | [SCHEDULE 13D/A](/filings/0001090394-26-000006.md) | Ownership report, active investor, amended | 0001090394-26-000006 |
| 2026-08-13 | 08:35 ET | [10-Q](/filings/0001437749-26-027494.md) | Quarterly report, period 2026-06-30 | 0001437749-26-027494 |
| 2026-08-13 | 08:15 ET | [8-K](/filings/0001437749-26-027489.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001437749-26-027489 |
| 2026-08-12 | 16:06 ET | [8-K](/filings/0001437749-26-027309.md) | 5.02 Departure or appointment of officers or directors; 8.01 Other events | 0001437749-26-027309 |
| 2026-07-23 | 16:08 ET | [8-K](/filings/0001437749-26-024308.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001437749-26-024308 |
| 2026-07-16 | 20:21 ET | [SCHEDULE 13D/A](/filings/0001437749-26-023739.md) | Ownership report, active investor, amended | 0001437749-26-023739 |
| 2026-07-15 | 16:39 ET | [8-K](/filings/0001437749-26-023636.md) | 3.01 Delisting notice; 5.07 Shareholder vote results | 0001437749-26-023636 |
| 2026-07-06 | 16:05 ET | [8-K](/filings/0001437749-26-022758.md) | 8.01 Other events | 0001437749-26-022758 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001437749-26-010508.md), filed Mar 31, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/96f1048d-d48d-4d44-bf3f-b421129a2d20)

## About the filer

- CIK: 1004989
- Tickers: SGRP
- Exchange: OTC
- SIC code: 7389 Services-Business Services, NEC
- State of incorporation: DE
- Filer category: Non-accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 12:25 ET. No prices; not investment advice.
