Sparta Coml Svcs Inc Financials
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).
Tiny, high-margin revenue is being overwhelmed by fixed overhead and financing costs, leaving operations dependent on outside funding.
Between FY2024 and FY2025, revenue added only$44K and gross profit$52K , yet operating cash burn stayed near-$1.2M and financing inflows stayed near$1.3M ; that pairing says the business is not self-funding and new capital is covering recurring cash needs rather than expansion. The deeper FY2025 loss lines up with a funding mix shift: long-term debt jumped from$98K to$8.7M , while interest expense rose from$581K to$657K .
The striking gross margin of
The balance sheet combines negative equity of
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Sparta Coml Svcs Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Sparta Coml Svcs Inc has an operating margin of -520.1%, meaning the company retains $-520 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -450.2% the prior year.
Sparta Coml Svcs Inc's current ratio of 0.08 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
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.
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.
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.
Key Financial Metrics
Earnings & Revenue
Sparta Coml Svcs Inc generated $236K in revenue in fiscal year 2025. This represents an increase of 22.7% from the prior year.
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.
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 & Balance Sheet
Sparta Coml Svcs Inc held $45K in cash against $8.7M in long-term debt as of fiscal year 2025.
Sparta Coml Svcs Inc had 42M shares outstanding in fiscal year 2025. This represents an increase of 19.5% from the prior year.
Margins & Returns
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.
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.
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.
Capital Allocation
SRCO Income Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $92K-7.2% | $99K+2.7% | $97K+43.9% | $67K-15.0% | $79K+65.2% | $48K+15.1% | $42K+2.3% | $41K |
| Cost of Revenue | $5K-37.6% | $9K+3.8% | $8K+13.1% | $7K+0.6% | $7K+60.0% | $5K-45.8% | $9K+50.5% | $6K |
| Gross Profit | $87K-4.2% | $91K+2.6% | $88K+47.8% | $60K-16.6% | $72K+65.8% | $43K+30.9% | $33K-5.6% | $35K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $40K-8.3% | $44K-26.8% | $60K+4.8% | $57K+35.7% | $42K-17.9% | $51K+10.0% | $46K+147.6% | -$97K |
| Operating Income | -$208K+24.1% | -$274K+1.8% | -$279K+23.8% | -$367K-97.4% | -$186K+43.5% | -$329K+4.3% | -$344K | N/A |
| Interest Expense | $345K+97.3% | $175K+4.3% | $168K+2.6% | $164K+305.4% | $40K-80.6% | $208K-15.1% | $245K | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$405K+22.0% | -$520K-9.5% | -$474K-45.4% | -$326K+19.7% | -$406K+2.8% | -$418K+56.7% | -$965K | N/A |
| EPS (Diluted) | $-0.010.0% | $-0.010.0% | $-0.01 | N/A | $-0.010.0% | $-0.01+66.7% | $-0.03 | N/A |
SRCO Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $933K+8.4% | $861K+1.2% | $850K+12.4% | $757K-8.4% | $826K+29.9% | $636K+72.5% | $369K+207.9% | $120K |
| Current Assets | $924K+8.5% | $852K+1.2% | $841K+12.5% | $748K-8.5% | $817K+30.3% | $627K+74.4% | $360K+224.8% | $111K |
| Cash & Equivalents | $70K+108.6% | $34K-25.9% | $45K-65.4% | $131K+164.8% | $49K-47.3% | $94K-31.2% | $136K+35.2% | $101K |
| Inventory | $1K-63.7% | $4K-12.0% | $5K0.0% | $5K+11.8% | $4K-33.1% | $6K+45.3% | $4K+41.2% | $3K |
| Accounts Receivable | $8K+23.2% | $7K+30.6% | $5K-3.4% | $5K-58.4% | $12K+303.5% | $3K-55.6% | $7K+3.1% | $7K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $13.2M+1.7% | $13.0M+1.5% | $12.8M+3.3% | $12.4M+0.6% | $12.3M+4.1% | $11.8M+3.1% | $11.5M+6.4% | $10.8M |
| Current Liabilities | $11.4M+2.3% | $11.1M+3.0% | $10.8M+4.7% | $10.3M-5.2% | $10.9M+4.0% | $10.5M+7.7% | $9.7M+6.5% | $9.1M |
| Long-Term Debt | N/A | $807K-90.7% | $8.7M+3.9% | $8.4M+2010.5% | $397K+16.0% | $342K+247.5% | $98K-98.6% | $7.2M |
| Total Equity | -$12.2M-1.3% | -$12.1M-1.5% | -$11.9M-2.7% | -$11.6M-1.3% | -$11.5M-2.6% | -$11.2M-0.8% | -$11.1M-4.1% | -$10.6M |
| Retained Earnings | -$70.3M-0.6% | -$69.9M-0.8% | -$69.4M-0.7% | -$68.9M-0.5% | -$68.6M-0.6% | -$68.2M-0.6% | -$67.8M-1.4% | -$66.8M |
SRCO Cash Flow Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$183K+5.9% | -$195K+43.8% | -$347K-597.5% | -$50K+72.3% | -$179K+67.5% | -$551K-22.7% | -$449K | N/A |
| 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 | $220K+20.1% | $183K-29.8% | $261K+98.9% | $131K-2.6% | $135K-73.5% | $509K+4.9% | $485K | N/A |
| 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 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 94.0%+2.9pp | 91.1%-0.1pp | 91.2%+2.4pp | 88.8%-1.7pp | 90.6%+0.3pp | 90.3%+10.9pp | 79.3%-6.6pp | 86.0% |
| Operating Margin | -225.9%+50.2pp | -276.1%+12.8pp | -288.9%+256.8pp | -545.8%-310.7pp | -235.1%+452.9pp | -688.0%+139.4pp | -827.4% | N/A |
| Net Margin | -439.8%+83.4pp | -523.2%-32.5pp | -490.6%-5.0pp | -485.6%+28.5pp | -514.1%+359.8pp | -873.9%+1447.4pp | -2321.3% | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -43.5%+16.9pp | -60.4%-4.6pp | -55.8%-12.7pp | -43.1%+6.0pp | -49.2%+16.5pp | -65.7%+196.0pp | -261.7% | N/A |
| Current Ratio | 0.080.0 | 0.080.0 | 0.080.0 | 0.070.0 | 0.08+0.0 | 0.06+0.0 | 0.04+0.0 | 0.01 |
| Debt-to-Equity | -1.08-1.0 | -0.07+0.7 | -0.730.0 | -0.72-0.7 | -0.030.0 | -0.03-0.0 | -0.01 | N/A |
| 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%.
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.
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 to 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.
How financially healthy is Sparta Coml Svcs Inc?
Sparta Coml Svcs Inc (SRCO) scores 0 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.