Sparta Coml Svcs Inc Financials

SRCO

Source SEC Filings (10-K/10-Q) Updated Oct 31, 2025 Currency USD FYE April

Financial Health Signals

Piotroski F-Score Weak

3/9

Sparta Coml Svcs 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

0.58x

For every $1 of reported earnings, Sparta Coml Svcs Inc generates $0.58 in operating cash flow (-$1.2M OCF vs -$2.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-1.9x

Sparta Coml Svcs Inc earns $-1.9 in operating income for every $1 of interest expense (-$1.2M vs $657K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows Sparta Coml Svcs Inc (SRCO) 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).

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Key Financial Metrics

Revenue

$236K

YoY+22.7%

5Y CAGR-6.0%

10Y CAGR-9.0%

Sparta Coml Svcs Inc generated $236K in revenue in fiscal year 2025. This represents an increase of 22.7% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

-$2.1M

YoY-248.2%

Sparta Coml Svcs Inc reported -$2.1M in net income in fiscal year 2025. This represents a decrease of 248.2% from the prior year.

EPS (Diluted)

$-0.06

YoY-200.0%

Sparta Coml Svcs Inc earned $-0.06 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 200.0% from the prior year.

Cash & Debt

$45K

YoY-66.8%

5Y CAGR+279.0%

10Y CAGR-1.4%

Sparta Coml Svcs Inc held $45K in cash against $8.7M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

42M

YoY+19.5%

Sparta Coml Svcs Inc had 42M shares outstanding in fiscal year 2025. This represents an increase of 19.5% from the prior year.

Gross Margin

88.0%

YoY+7.2pp

5Y CAGR+6.9pp

10Y CAGR+19.8pp

Sparta Coml Svcs Inc's gross margin was 88.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 7.2 percentage points from the prior year.

Operating Margin

-520.1%

YoY-70.0pp

5Y CAGR-273.3pp

10Y CAGR-73.9pp

Sparta Coml Svcs Inc's operating margin was -520.1% in fiscal year 2025, reflecting core business profitability. This is down 70.0 percentage points from the prior year.

Net Margin

-897.8%

YoY-581.6pp

5Y CAGR-652.4pp

10Y CAGR-84.2pp

Sparta Coml Svcs Inc's net profit margin was -897.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 581.6 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

SRCO Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$236K+22.7%	$192K-25.2%	$257K+4.7%	$245K-5.5%	$260K-19.0%	$321K
Cost of Revenue	$28K-23.4%	$37K-14.4%	$43K-15.1%	$51K-17.1%	$61K+1.1%	$60K
Gross Profit	$207K+33.6%	$155K-27.4%	$214K+9.8%	$195K-1.9%	$199K-23.7%	$261K
R&D Expenses	N/A	N/A	N/A	$217K	N/A	N/A
SG&A Expenses	$196K+6.0%	$185K-26.4%	$251K-71.9%	$896K-35.8%	$1.4M+32.6%	$1.1M
Operating Income	-$1.2M-41.7%	-$864K+37.8%	-$1.4M+16.9%	-$1.7M-39.9%	-$1.2M-51.0%	-$792K
Interest Expense	$657K+13.1%	$581K+9.9%	$528K	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$2.1M-248.2%	-$607K-159.5%	$1.0M+146.5%	-$2.2M+3.6%	-$2.3M-189.4%	-$787K
EPS (Diluted)	$-0.06-200.0%	$-0.02-140.0%	$0.05+131.3%	$-0.16	N/A	N/A

Metric	Q2'25	Q1'25	Q3'25	Q2'24	Q1'24	Q3'24	Q2'23	Q1'23
Revenue	$99K+2.7%	$97K+22.4%	$79K+65.2%	$48K+15.1%	$42K+13.1%	$37K-29.9%	$52K-15.8%	$62K
Cost of Revenue	$9K+3.8%	$8K+13.7%	$7K+60.0%	$5K-45.8%	$9K+7.2%	$8K-43.3%	$14K+58.4%	$9K
Gross Profit	$91K+2.6%	$88K+23.3%	$72K+65.8%	$43K+30.9%	$33K+14.8%	$29K-25.0%	$38K-28.2%	$53K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$44K-26.8%	$60K+42.2%	$42K-17.9%	$51K+10.0%	$46K-41.1%	$79K-11.8%	$89K-21.9%	$114K
Operating Income	-$274K+1.8%	-$279K-50.4%	-$186K+43.5%	-$329K+4.3%	-$344K-57.5%	-$218K+18.1%	-$267K-1.9%	-$262K
Interest Expense	$175K+4.3%	$168K	N/A	$208K-15.1%	$245K	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$520K-9.5%	-$474K-16.8%	-$406K+2.8%	-$418K+56.7%	-$965K-904.3%	-$96K+73.5%	-$362K-73.7%	-$209K
EPS (Diluted)	$-0.010.0%	$-0.010.0%	$-0.010.0%	$-0.01+66.7%	$-0.03-650.0%	$-0.00+60.0%	$-0.010.0%	$-0.01

SRCO Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$850K+130.7%	$369K+1539.1%	$22K+5.4%	$21K-36.3%	$34K-52.6%	$71K
Current Assets	$841K+134.0%	$360K+2566.4%	$13K+9.3%	$12K-17.1%	$15K-71.4%	$52K
Cash & Equivalents	$45K-66.8%	$136K+1322.1%	$10K+1003.2%	$870+3.2%	$843+1353.4%	$58
Inventory	$5K+8.6%	$4K+13.5%	$4K-54.0%	$8K-33.7%	$12K-61.9%	$32K
Accounts Receivable	$5K-28.0%	$7K+4554.4%	$149-95.6%	$3K+86.5%	$2K-90.7%	$19K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$12.8M+11.5%	$11.5M+1.6%	$11.3M-41.5%	$19.3M+50.8%	$12.8M-7.7%	$13.8M
Current Liabilities	$10.8M+11.2%	$9.7M+0.2%	$9.7M-45.7%	$17.8M+57.1%	$11.3M-8.6%	$12.4M
Long-Term Debt	$8.7M+8741.7%	$98K-98.1%	$5.2M-2.8%	$5.3M+12.5%	$4.7M-6.9%	$5.1M
Total Equity	-$11.9M-7.5%	-$11.1M+1.5%	-$11.2M+41.5%	-$19.2M-51.1%	-$12.7M+7.4%	-$13.8M
Retained Earnings	-$69.4M-2.4%	-$67.8M-2.1%	-$66.4M+8.9%	-$72.9M-12.8%	-$64.6M+0.5%	-$64.9M

Metric	Q2'25	Q1'25	Q3'25	Q2'24	Q1'24	Q3'24	Q2'23	Q1'23
Total Assets	$861K+1.2%	$850K+2.9%	$826K+29.9%	$636K+72.5%	$369K+1643.5%	$21K+28.5%	$16K-26.8%	$22K
Current Assets	$852K+1.2%	$841K+3.0%	$817K+30.3%	$627K+74.4%	$360K+2862.0%	$12K+62.8%	$7K-44.7%	$13K
Cash & Equivalents	$34K-25.9%	$45K-8.4%	$49K-47.3%	$94K-31.2%	$136K+2419.7%	$5K+18.7%	$5K-52.5%	$10K
Inventory	$4K-12.0%	$5K+11.8%	$4K-33.1%	$6K+45.3%	$4K+10.8%	$4K+89.5%	$2K-45.9%	$4K
Accounts Receivable	$7K+30.6%	$5K-59.8%	$12K+303.5%	$3K-55.6%	$7K+140.0%	$3K+232.2%	$870+483.9%	$149
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$13.0M+1.5%	$12.8M+3.9%	$12.3M+4.1%	$11.8M+3.1%	$11.5M+0.7%	$11.4M-1.4%	$11.5M+2.3%	$11.3M
Current Liabilities	$11.1M+3.0%	$10.8M-0.7%	$10.9M+4.0%	$10.5M+7.7%	$9.7M-0.7%	$9.8M-1.5%	$9.9M+2.4%	$9.7M
Long-Term Debt	$807K-90.7%	$8.7M+2092.7%	$397K+16.0%	$342K+247.5%	$98K-98.2%	$5.5M-1.0%	$5.6M+7.8%	$5.2M
Total Equity	-$12.1M-1.5%	-$11.9M-4.0%	-$11.5M-2.6%	-$11.2M-0.8%	-$11.1M+2.3%	-$11.3M+1.5%	-$11.5M-2.4%	-$11.2M
Retained Earnings	-$69.9M-0.8%	-$69.4M-1.2%	-$68.6M-0.6%	-$68.2M-0.6%	-$67.8M-1.4%	-$66.8M-0.1%	-$66.7M-0.5%	-$66.4M

SRCO Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$1.2M-1.3%	-$1.2M+60.6%	-$3.1M-49.3%	-$2.1M-204.6%	-$678K-8.2%	-$627K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	$1.3M-3.9%	$1.3M-57.5%	$3.1M+49.5%	$2.1M+204.4%	$679K+8.3%	$627K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'25	Q1'25	Q3'25	Q2'24	Q1'24	Q3'24	Q2'23	Q1'23
Operating Cash Flow	-$195K+43.8%	-$347K-93.5%	-$179K+67.5%	-$551K-22.7%	-$449K-656.3%	-$59K+68.7%	-$190K+23.9%	-$250K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	$183K-29.8%	$261K+93.7%	$135K-73.5%	$509K+4.9%	$485K+704.5%	$60K-67.4%	$185K-27.5%	$255K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SRCO Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	88.0%+7.2pp	80.8%-2.4pp	83.3%+3.9pp	79.4%+2.9pp	76.5%-4.7pp	81.2%
Operating Margin	-520.1%-70.0pp	-450.2%+90.8pp	-540.9%+140.6pp	-681.6%-221.0pp	-460.5%-213.7pp	-246.9%
Net Margin	-897.8%-581.6pp	-316.2%-713.4pp	397.2%+1291.7pp	-894.5%-17.5pp	-877.1%-631.7pp	-245.4%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-248.7%-83.9pp	-164.8%-4703.4pp	4538.6%+14829.5pp	-10290.9%-3494.6pp	-6796.3%-5682.6pp	-1113.6%
Current Ratio	0.08+0.0	0.04+0.0	0.000.0	0.000.0	0.000.0	0.00
Debt-to-Equity	-0.73-0.7	-0.01+0.5	-0.46-0.2	-0.28+0.1	-0.370.0	-0.37
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'25	Q1'25	Q3'25	Q2'24	Q1'24	Q3'24	Q2'23	Q1'23
Gross Margin	91.1%-0.1pp	91.2%+0.7pp	90.6%+0.3pp	90.3%+10.9pp	79.3%+1.1pp	78.2%+5.2pp	73.0%-12.6pp	85.7%
Operating Margin	-276.1%+12.8pp	-288.9%-53.8pp	-235.1%+452.9pp	-688.0%+139.4pp	-827.4%-233.2pp	-594.2%-85.6pp	-508.5%-88.3pp	-420.2%
Net Margin	-523.2%-32.5pp	-490.6%+23.5pp	-514.1%+359.8pp	-873.9%+1447.4pp	-2321.3%-2059.8pp	-261.4%+430.0pp	-691.4%-356.4pp	-335.0%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-60.4%-4.6pp	-55.8%-6.6pp	-49.2%+16.5pp	-65.7%+196.0pp	-261.7%+192.6pp	-454.4%+1748.3pp	-2202.6%-1274.7pp	-927.9%
Current Ratio	0.080.0	0.080.0	0.08+0.0	0.06+0.0	0.04+0.0	0.000.0	0.000.0	0.00
Debt-to-Equity	-0.07+0.7	-0.73-0.7	-0.030.0	-0.03-0.0	-0.01+0.5	-0.490.0	-0.48-0.0	-0.46
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$11.9M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.08), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Sparta Coml Svcs Inc's annual revenue?

Sparta Coml Svcs Inc (SRCO) reported $236K in total revenue for fiscal year 2025. This represents a 22.7% 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 Sparta Coml Svcs Inc's revenue growing?

Sparta Coml Svcs Inc (SRCO) revenue grew by 22.7% year-over-year, from $192K to $236K in fiscal year 2025.

Is Sparta Coml Svcs Inc profitable?

No, Sparta Coml Svcs Inc (SRCO) reported a net income of -$2.1M in fiscal year 2025, with a net profit margin of -897.8%.

What is Sparta Coml Svcs Inc's earnings per share (EPS)?

Sparta Coml Svcs Inc (SRCO) reported diluted earnings per share of $-0.06 for fiscal year 2025. This represents a -200.0% 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.

How much debt does Sparta Coml Svcs Inc have?

As of fiscal year 2025, Sparta Coml Svcs Inc (SRCO) had $45K in cash and equivalents against $8.7M in long-term debt.

What is Sparta Coml Svcs Inc's gross margin?

Sparta Coml Svcs Inc (SRCO) had a gross margin of 88.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Sparta Coml Svcs Inc's operating margin?

Sparta Coml Svcs Inc (SRCO) had an operating margin of -520.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Sparta Coml Svcs Inc's net profit margin?

Sparta Coml Svcs Inc (SRCO) had a net profit margin of -897.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Sparta Coml Svcs Inc's operating cash flow?

Sparta Coml Svcs Inc (SRCO) generated -$1.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Sparta Coml Svcs Inc's total assets?

Sparta Coml Svcs Inc (SRCO) had $850K in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Sparta Coml Svcs Inc have outstanding?

Sparta Coml Svcs Inc (SRCO) had 42M shares outstanding as of fiscal year 2025.

What is Sparta Coml Svcs Inc's current ratio?

Sparta Coml Svcs Inc (SRCO) had a current ratio of 0.08 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Sparta Coml Svcs Inc's debt-to-equity ratio?

Sparta Coml Svcs Inc (SRCO) had a debt-to-equity ratio of -0.73 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Sparta Coml Svcs Inc's return on assets (ROA)?

Sparta Coml Svcs Inc (SRCO) had a return on assets of -248.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Sparta Coml Svcs Inc's cash runway?

Based on fiscal year 2025 data, Sparta Coml Svcs Inc (SRCO) had $45K in cash against an annual operating cash burn of $1.2M. This gives an estimated cash runway of approximately 0 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.

Why is Sparta Coml Svcs Inc's debt-to-equity ratio negative or unusual?

Sparta Coml Svcs Inc (SRCO) has negative shareholder equity of -$11.9M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Sparta Coml Svcs Inc's Piotroski F-Score?

Sparta Coml Svcs Inc (SRCO) 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 Sparta Coml Svcs Inc's earnings high quality?

Sparta Coml Svcs Inc (SRCO) has an earnings quality ratio of 0.58x, 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.

Can Sparta Coml Svcs Inc cover its interest payments?

Sparta Coml Svcs Inc (SRCO) has an interest coverage ratio of -1.9x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.