Spar Group Inc Financials
This page shows Spar Group Inc (SGRP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Spar Group Inc has an operating margin of 0.4%, meaning the company retains $0 of operating profit per $100 of revenue. This below-average margin results in a low score of 2/100, suggesting thin profitability after operating expenses. This is down from 3.0% the prior year.
Spar Group Inc's revenue declined 12.9% year-over-year, from $187.9M to $163.6M. This contraction results in a growth score of 0/100.
Spar Group Inc carries a low D/E ratio of 0.07, meaning only $0.07 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Spar Group Inc's current ratio of 1.53 indicates adequate short-term liquidity, earning a score of 41/100. The company can meet its near-term obligations, though with limited headroom.
While Spar Group Inc generated -$665K in operating cash flow, capex of $1.1M consumed most of it, leaving -$1.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Spar Group Inc scores 3.81, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Spar Group Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Spar Group Inc generates $0.21 in operating cash flow (-$665K OCF vs -$3.1M 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
Spar Group Inc generated $163.6M in revenue in fiscal year 2024. This represents a decrease of 12.9% from the prior year.
Spar Group Inc's EBITDA was $2.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 69.6% from the prior year.
Spar Group Inc generated -$1.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 131.9% from the prior year.
Spar Group Inc reported -$3.1M in net income in fiscal year 2024. This represents a decrease of 180.7% from the prior year.
Spar Group Inc earned $-0.13 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 181.3% from the prior year.
Spar Group Inc held $18.2M in cash against $1.7M in long-term debt as of fiscal year 2024.
Spar Group Inc had 23M shares outstanding in fiscal year 2024. This represents an increase of 0.9% from the prior year.
Spar Group Inc's gross margin was 20.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 3.1 percentage points from the prior year.
Spar Group Inc's operating margin was 0.4% in fiscal year 2024, reflecting core business profitability. This is down 2.5 percentage points from the prior year.
Spar Group Inc's net profit margin was -1.9% in fiscal year 2024, showing the share of revenue converted to profit. This is down 4.0 percentage points from the prior year.
Spar Group Inc spent $1.8M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
Spar Group Inc invested $1.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 5.4% from the prior year.
SGRP Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $41.4M+7.2% | $38.6M+13.5% | $34.0M+3.0% | $33.0M-23.9% | $43.4M-12.1% | $49.4M+71.2% | $28.9M-40.8% | $48.7M |
| Cost of Revenue | $33.7M+14.1% | $29.6M+10.5% | $26.8M+0.8% | $26.6M-22.9% | $34.4M-13.2% | $39.7M+108.7% | $19.0M-47.8% | $36.4M |
| Gross Profit | $7.7M-15.1% | $9.1M+24.6% | $7.3M+12.3% | $6.5M-27.7% | $9.0M-7.7% | $9.7M+2.7% | $9.5M-11.1% | $10.6M |
| 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+18.1% | $8.1M+4.5% | $7.7M-3.8% | $8.0M-14.0% | $9.3M |
| Operating Income | -$5.9M-927.8% | $715K-31.0% | $1.0M+118.9% | -$5.5M-466.8% | -$966K-111.1% | $8.7M+1198.1% | $668K-16.5% | $800K |
| 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-86.0% | $934K-33.0% | $1.4M+215.6% | -$1.2M-306.7% | $583K |
| Net Income | -$8.8M-876300.0% | -$1K-100.2% | $462K+108.1% | -$5.7M-46.6% | -$3.9M-158.7% | $6.6M+210.0% | $2.1M+725.5% | $259K |
| EPS (Diluted) | $-0.37 | $0.00-100.0% | $0.02+108.3% | $-0.24-50.0% | $-0.16-157.1% | $0.28+250.0% | $0.08+700.0% | $0.01 |
SGRP Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $61.7M-13.8% | $71.6M+2.0% | $70.2M+24.3% | $56.4M-19.4% | $70.0M-33.0% | $104.5M+15.8% | $90.3M-4.0% | $94.0M |
| Current Assets | $51.9M-14.3% | $60.6M+2.5% | $59.1M+28.4% | $46.0M-25.5% | $61.8M-33.7% | $93.2M+22.4% | $76.1M-4.6% | $79.8M |
| Cash & Equivalents | $8.2M-41.1% | $13.9M-22.4% | $17.9M-1.5% | $18.2M-16.0% | $21.7M+30.5% | $16.6M+270.3% | $4.5M-8.0% | $4.9M |
| 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-34.8% | $38.0M-44.8% | $68.7M+59.4% | $43.1M-34.3% | $65.7M |
| Goodwill | $856K0.0% | $856K0.0% | $856K0.0% | $856K-30.9% | $1.2M+31.4% | $942K-27.2% | $1.3M-24.4% | $1.7M |
| Total Liabilities | $45.1M-3.4% | $46.7M+2.7% | $45.5M+41.5% | $32.1M-18.3% | $39.3M-39.0% | $64.5M+28.9% | $50.0M-7.8% | $54.2M |
| Current Liabilities | $43.4M-2.7% | $44.6M+2.8% | $43.4M+44.4% | $30.1M-18.7% | $36.9M-32.9% | $55.0M+13.3% | $48.6M-7.0% | $52.2M |
| Long-Term Debt | $1.1M-35.4% | $1.8M+0.9% | $1.7M+0.9% | $1.7M+0.6% | $1.7M-79.4% | $8.3M+2574.8% | $310K-66.4% | $922K |
| Total Equity | $16.6M-33.4% | $24.9M+0.8% | $24.7M+1.6% | $24.3M-17.3% | $29.4M-10.8% | $33.0M+16.7% | $28.2M+15.3% | $24.5M |
| Retained Earnings | -$844K-110.7% | $7.9M0.0% | $7.9M+6.2% | $7.5M-41.0% | $12.6M-23.5% | $16.5M+55.8% | $10.6M+25.2% | $8.5M |
SGRP Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.1M+48.3% | -$7.9M-94.3% | -$4.0M-6321.5% | $65K+114.6% | -$445K-172.4% | $615K-88.1% | $5.2M+201.5% | -$5.1M |
| Capital Expenditures | $575K+32.5% | $434K-17.3% | $525K+127.3% | $231K-32.1% | $340K-21.1% | $431K+174.5% | $157K-54.2% | $343K |
| Free Cash Flow | -$4.6M+44.1% | -$8.3M-81.4% | -$4.6M-2652.4% | -$166K+78.9% | -$785K-526.6% | $184K-96.3% | $5.0M+192.2% | -$5.4M |
| Investing Cash Flow | -$575K-32.5% | -$434K+17.3% | -$525K-248.7% | $353K-97.0% | $11.8M+1448.5% | -$878K+26.0% | -$1.2M-224.0% | -$366K |
| Financing Cash Flow | -$1.1M-125.3% | $4.3M-0.8% | $4.3M+329.9% | -$1.9M+71.1% | -$6.5M-201.7% | $6.3M+521.8% | -$1.5M-153.4% | $2.8M |
| 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 | N/A | N/A | $0 | $0 |
SGRP Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.6%-4.9pp | 23.5%+2.1pp | 21.4%+1.8pp | 19.6%-1.0pp | 20.6%+1.0pp | 19.7%-13.1pp | 32.8%+10.9pp | 21.8% |
| Operating Margin | -14.3%-16.1pp | 1.8%-1.2pp | 3.0%+19.6pp | -16.6%-14.3pp | -2.2%-19.8pp | 17.5%+15.2pp | 2.3%+0.7pp | 1.6% |
| Net Margin | -21.2%-21.2pp | 0.0%-1.4pp | 1.4%+18.6pp | -17.3%-8.3pp | -9.0%-22.4pp | 13.4%+6.0pp | 7.4%+6.9pp | 0.5% |
| Return on Equity | N/A | N/A | 1.9% | N/A | N/A | 20.1%+12.5pp | 7.6%+6.5pp | 1.1% |
| Return on Assets | -14.2%-14.2pp | 0.0%-0.7pp | 0.7%+10.8pp | -10.1%-4.5pp | -5.6%-11.9pp | 6.3%+4.0pp | 2.4%+2.1pp | 0.3% |
| Current Ratio | 1.20-0.2 | 1.360.0 | 1.36-0.2 | 1.53-0.1 | 1.67-0.0 | 1.69+0.1 | 1.57+0.0 | 1.53 |
| Debt-to-Equity | 0.070.0 | 0.070.0 | 0.070.0 | 0.07+0.0 | 0.06-0.2 | 0.25+0.2 | 0.01-0.0 | 0.04 |
| FCF Margin | -11.2%+10.3pp | -21.5%-8.0pp | -13.4%-12.9pp | -0.5%+1.3pp | -1.8%-2.2pp | 0.4%-17.0pp | 17.4%+28.6pp | -11.2% |
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Frequently Asked Questions
What is Spar Group Inc's annual revenue?
Spar Group Inc (SGRP) reported $163.6M in total revenue for fiscal year 2024. This represents a -12.9% 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 12.9% year-over-year, from $187.9M to $163.6M in fiscal year 2024.
Is Spar Group Inc profitable?
No, Spar Group Inc (SGRP) reported a net income of -$3.1M in fiscal year 2024, with a net profit margin of -1.9%.
What is Spar Group Inc's earnings per share (EPS)?
Spar Group Inc (SGRP) reported diluted earnings per share of $-0.13 for fiscal year 2024. This represents a -181.3% 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.
What is Spar Group Inc's EBITDA?
Spar Group Inc (SGRP) had EBITDA of $2.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Spar Group Inc have?
As of fiscal year 2024, Spar Group Inc (SGRP) had $18.2M in cash and equivalents against $1.7M in long-term debt.
What is Spar Group Inc's gross margin?
Spar Group Inc (SGRP) had a gross margin of 20.5% in fiscal year 2024, 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 0.4% in fiscal year 2024, 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 -1.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Spar Group Inc's free cash flow?
Spar Group Inc (SGRP) generated -$1.8M in free cash flow during fiscal year 2024. This represents a -131.9% 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 -$665K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Spar Group Inc's total assets?
Spar Group Inc (SGRP) had $56.4M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Spar Group Inc's capital expenditures?
Spar Group Inc (SGRP) invested $1.1M in capital expenditures during fiscal year 2024, 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 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Spar Group Inc have outstanding?
Spar Group Inc (SGRP) had 23M shares outstanding as of fiscal year 2024.
What is Spar Group Inc's current ratio?
Spar Group Inc (SGRP) had a current ratio of 1.53 as of fiscal year 2024, which is generally considered healthy.
What is Spar Group Inc's debt-to-equity ratio?
Spar Group Inc (SGRP) had a debt-to-equity ratio of 0.07 as of fiscal year 2024, 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 -5.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Spar Group Inc's cash runway?
Based on fiscal year 2024 data, Spar Group Inc (SGRP) had $18.2M in cash against an annual operating cash burn of $665K. This gives an estimated cash runway of approximately 329 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 Altman Z-Score?
Spar Group Inc (SGRP) has an Altman Z-Score of 3.81, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Spar Group Inc's Piotroski F-Score?
Spar Group Inc (SGRP) has a Piotroski F-Score of 2 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 0.21x, 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 29 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.