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MARKETS / BALCAO / Industrials / Business services / 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

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

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
100M200M
201020132016201920222025
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 the five years to FY2025.

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%
201020172025
ROE
FY2025 · ROE -197.6%
10%20%30%-50%-100%-150%
201020172025
Three returns, three denominators.
Gross margin15.9%
Operating margin-12.4%
Net margin-18.1%
EBITDA·

Each USD of equity lost 198 cents this year.

Cash & shareholders

USD 0.00
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -21.4
3M6M-10M-20M
201020172025
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks 0.0
1M2M
201220142016202120232025
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×

Net debt stands at -238% of equity.

The 16-year record

16 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
SGRP, 16-year financial record
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 % — not applicable: no dividend————————————————
ROE %−197.6−12.015.4−3.59.516.413.7−8.6−4.70.94.618.929.731.129.033.5
Shares out B0.020.020.020.020.020.020.02◌◌◌◌◌◌0.020.020.02

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures · 3 divergences in 80 reconciliationsAUDITED

Reconciled in 13 of the 16 fiscal years we could check. 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. Six checks were skipped: the balance sheet is not tagged before 2010. Three checks were skipped: EPS is not tagged before 2010. Three checks were skipped: revenue is not tagged before 2010.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 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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