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MARKETS / BALCAO / SGRP
BALCAO · SERVICES-BUSINESS SERVICES, NEC · SMALL CAP

Spar Group, Inc. SGRP

16 fiscal years on record · USD · FY2025 reported · SEC filings only
$136.1M
▼ 16.8% YoY
$-24.6M
$-21.4M
In brief

What this company does

SPAR Group, Inc. provides merchandising and brand marketing services to retailers across most classes of trade and to consumer goods manufacturers and distributors. As of December 31, 2025, the company operated in the United States and Canada, having exited Mexico, Brazil, South Africa, China, Japan and India during 2024. The company's business is led and operated from its headquarters in Charlotte, North Carolina, with a regional leadership office for its Canada business in Vaughan, Ontario. As of December 31, 2025, the company's labor force totaled approximately 4,522, including field specialists and field administrators furnished by independent third parties. The company currently provides five principal types of services: Merchandising, Marketing and Category Management; Remodel and Retail Transformation; Assembly and Installation; Fulfilment and Distribution; and Business Analytics and Insights. The company traces more than 50 years of history serving product manufacturers and retailers.

Written from the business description in SPAR Group, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 31 March 2026. Every sentence was checked against that document before publication.

Growth
USD 136.1M
Revenue, FY2025 · full 16-year series below
Revenue $M Net income $M
FY2025 · Revenue 136.1 · Net income -24.6
100M200M201020122014201620182020202220242025
Compound annual growth
−19.5%
−10.0%
+1.3%
+5.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −10.0% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−18 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -12.4% · Net -18.1%
2%4%-5%-10%-15%201020122014201620182020202220242025
ROE
FY2025 · ROE -101.3%
10%20%30%-50%-100%201020122014201620182020202220242025
Gross margin15.9%
Operating margin-12.4%
Net margin-18.1%
Return on assets-49.0%
EBITDA—

Each USD of equity lost 101 cents this year.

Cash & shareholders
—
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -21.4
2.5M5.0M-8.0M-16.0M201020122014201620182020202220242025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 0.0
0.8M1.6M201220142016202120232025
Dividends paid—
Net buybacksUSD 0.00
Share of profit-0.0%
Consecutive raises—

Total assetsUSD 44.1M
CashUSD 3.3M
Gross debtUSD 1.8M
Net debtUSD -1.5M
Current ratio0.83×

Not available: we don't have the shareholders' equity figure for this period.

The 16-year record
16 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010
Revenue $B0.10.20.20.30.30.20.30.20.20.10.10.10.10.10.10.1
Operating income $B−0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
EBITDA $B·0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Income tax $B0.00.00.00.00.00.00.00.00.00.00.0−0.0−0.00.00.00.0
Net income $B−0.0−0.00.0−0.00.00.00.0−0.0−0.00.00.00.00.00.00.00.0
Free cash flow $B−0.0−0.00.0−0.00.00.00.00.00.0−0.00.00.00.00.00.0−0.0
EPS, diluted $−1.04−0.130.16−0.03−0.080.160.11−0.07−0.040.010.040.150.150.140.100.11
Dividend / sh $················
Payout %················
ROE %−101.3−12.015.4−3.59.516.413.7−8.6−4.70.94.618.929.731.129.033.5
Shares out B0.020.020.020.020.020.020.02······0.020.020.02

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures · 3 divergences in 80 reconciliationsAUDITED

Reconciled in 13 of 19 fiscal years. 3 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 15 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures3 divergent
ActivityServices-Business Services, NEC
Listed onOTC market
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2010

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