Sparta Coml Svcs Inc Financials
Sparta Coml Svcs Inc (SRCO) reported $345K in revenue for fiscal year 2026, up 46.6% from the prior fiscal year. This page shows its 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).
Gross-margin expansion is being overshadowed by financing dependence and a balance sheet carrying liabilities far above assets.
Gross margin widened to91.9% from88.0% in FY2025, yet operating cash flow remained negative in FY2026, so improved unit economics have not translated into self-funding operations. The near match between financing inflow of$767K and operating cash outflow of$780K means liquidity was maintained mainly through external funding rather than internally generated cash.
The balance sheet is structurally thin:
The share count increased from 39.7M to 53.0M across FY2025-FY2026, suggesting the funding mix included substantial equity issuance. Separately, interest expense of
Financial Health Signals
Sparta Coml Svcs Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Sparta Coml Svcs Inc passes 2 of 5 computable financial strength tests (4 of the nine could not be computed from available data). No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Key Financial Metrics
Earnings & Revenue
Sparta Coml Svcs Inc generated $345K in revenue in fiscal year 2026. This represents an increase of 46.6% from the prior year.
Sparta Coml Svcs Inc earned -$0.06 per diluted share (EPS) in fiscal year 2026. That is unchanged from the prior year.
Not reported for fiscal year 2026.
Not reported for fiscal year 2026.
Cash & Balance Sheet
Sparta Coml Svcs Inc held $118K in cash as of fiscal year 2026; long-term debt is not reported for that period.
Not reported for fiscal year 2026.
Not reported for fiscal year 2026.
Margins & Returns
Sparta Coml Svcs Inc's gross margin was 91.8% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 3.8 percentage points from the prior year.
Not reported for fiscal year 2026.
Not reported for fiscal year 2026.
Not reported for fiscal year 2026.
Capital Allocation
None of these metrics is reported for fiscal year 2026.
SRCO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $345K+46.6% | $236K+22.7% | $192K | N/A | N/A | $260K-19.0% | $321K | N/A | N/A | $548K-13.9% | $636K+5.1% | $605K+27.1% | $476K+15.1% | $414K-31.3% | $602K |
| Cost of Revenue | $28K-0.2% | $28K-23.4% | $37K-14.4% | $43K | N/A | $61K+1.1% | $60K+103.8% | $30K-31.6% | $43K-12.7% | $50K-55.4% | $111K-42.1% | $192K+24.0% | $155K+6.2% | $146K+51.4% | $96K |
| Gross Profit | $317K+53.0% | $207K+33.6% | $155K | N/A | N/A | $199K-23.7% | $261K | N/A | N/A | $498K-5.1% | $525K+27.1% | $413K+28.6% | $321K+19.9% | $268K+38.5% | $193K |
| SG&A Expenses | $222K+13.2% | $196K+6.0% | $185K | N/A | N/A | N/A | $1.1M | N/A | N/A | $1.5M-44.7% | $2.7M | N/A | $2.2M+32.4% | $1.7M+83.3% | $923K |
| Operating Income | N/A | -$1.2M-41.7% | -$864K | N/A | N/A | -$1.2M-51.0% | -$792K | N/A | N/A | -$985K+54.3% | -$2.2M+20.1% | -$2.7M-40.3% | -$1.9M-34.4% | -$1.4M-93.1% | -$741K |
| Interest Expense | $859K+30.8% | $657K+13.1% | $581K | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $500K+48.0% | $338K+0.6% | $336K-27.6% | $464K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0 |
| Net Income | N/A | -$2.1M-248.2% | -$607K | N/A | N/A | N/A | -$787K | N/A | N/A | -$2.6M | N/A | N/A | N/A | N/A | -$2.2M |
| EPS (Diluted) | -$0.060.0% | -$0.06-200.0% | -$0.02-140.0% | $0.05+131.3% | -$0.16 | N/A | N/A | N/A | N/A | N/A | N/A | -$0.19-200.0% | $0.19 | N/A | N/A |
Not reported in any period shown, so not listed: R&D Expenses.
SRCO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $162K-78.6% | $757K+532.2% | $120K+818.6% | $13K+39.8% | $9K-72.0% | $33K-24.0% | $44K+30.4% | $34K+32.3% | $25K-74.7% | $100K-27.0% | $138K-3.8% | $143K-69.2% | $464K+9.3% | $425K-52.3% | $890K |
| Current Assets | $153K-79.6% | $748K+575.4% | $111K+2647.8% | $4K+1170.7% | $317-97.8% | $15K-41.8% | $25K+72.2% | $15K+202.0% | $5K-27.2% | $7K-83.9% | $41K+109.3% | $20K-93.5% | $304K-3.5% | $315K+16.0% | $272K |
| Cash & Equivalents | $118K-9.8% | $131K+29.8% | $101K+2406.3% | $4K+1170.7% | $317-19.9% | $396 | N/A | $13-98.7% | $998-61.6% | $3K-92.3% | $34K+140.1% | $14K-80.1% | $70K+84.4% | $38K+99.7% | $19K |
| Inventory | $1K-78.2% | $5K+53.4% | $3K | N/A | $8K-39.1% | $14K-40.8% | $23K+139.0% | $10K | N/A | N/A | N/A | N/A | N/A | N/A | $26K |
| Accounts Receivable | $7K+28.7% | $5K-23.2% | $7K | N/A | N/A | $469-67.0% | $1K-53.4% | $3K-20.9% | $4K-5.2% | $4K-46.8% | $8K+76390.0% | $10-100.0% | $182K+18.5% | $154K-5.2% | $162K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0-100.0% | $10K0.0% | $10K0.0% | $10K0.0% | $10K |
| Total Liabilities | $13.5M+9.1% | $12.4M+14.9% | $10.8M-4.2% | $11.2M-19.4% | $13.9M+2.1% | $13.6M+8.2% | $12.6M-3.1% | $13.0M+0.8% | $12.9M+15.9% | $11.1M+23.9% | $9.0M+47.7% | $6.1M+38.3% | $4.4M+2.3% | $4.3M-0.9% | $4.3M |
| Current Liabilities | $11.7M+13.5% | $10.3M+13.1% | $9.1M-7.2% | $9.8M-20.8% | $12.4M+1.5% | $12.2M+9.1% | $11.2M-3.4% | $11.6M+0.7% | $11.5M+17.7% | $9.8M+26.7% | $7.7M+76.9% | $4.4M+62.7% | $2.7M-34.7% | $4.1M0.0% | $4.1M |
| Long-Term Debt | N/A | $8.4M+16.8% | $7.2M+40.6% | $5.1M+8.9% | $4.7M0.0% | $4.7M-5.1% | $4.9M+20.1% | $4.1M-8.0% | $4.5M+4.7% | $4.3M+4308.5% | $97K-96.3% | $2.6M+30.6% | $2.0M+0.8% | $2.0M | N/A |
| Total Equity | -$13.3M-14.8% | -$11.6M-9.1% | -$10.6M+5.1% | -$11.2M+19.5% | -$13.9M-2.3% | -$13.6M-8.3% | -$12.6M+3.2% | -$13.0M-0.7% | -$12.9M-16.8% | -$11.0M-24.7% | -$8.8M-48.9% | -$5.9M-51.0% | -$3.9M-1.5% | -$3.9M-12.4% | -$3.4M |
| Retained Earnings | -$71.8M-4.2% | -$68.9M-3.2% | -$66.8M-1.0% | -$66.2M+1.5% | -$67.2M-3.4% | -$65.0M-3.7% | -$62.7M-1.3% | -$61.9M-2.8% | -$60.2M-4.9% | -$57.4M-4.8% | -$54.8M-11.3% | -$49.2M-11.1% | -$44.3M-8.0% | -$41.0M-10.0% | -$37.3M |
SRCO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$780K+36.6% | -$1.2M | N/A | N/A | N/A | -$678K-8.2% | -$627K | N/A | N/A | -$647K+61.5% | -$1.7M+36.8% | -$2.7M-41.9% | -$1.9M-7.0% | -$1.8M-21.7% | -$1.4M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0-100.0% | $4K | $0 | $0-100.0% | $8K |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$1.7M+36.9% | -$2.7M-42.1% | -$1.9M-7.0% | -$1.8M-21.1% | -$1.4M |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0+100.0% | -$4K | $0 | $0-100.0% | $509K |
| Financing Cash Flow | $767K-39.1% | $1.3M | N/A | N/A | N/A | $679K+8.3% | $627K | N/A | N/A | $621K-64.4% | $1.7M-32.8% | $2.6M+33.2% | $1.9M+21.8% | $1.6M+82.4% | $877K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
SRCO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 91.8%+3.8pp | 88.0%+7.2pp | 80.8% | N/A | N/A | 76.5%-4.7pp | 81.2% | N/A | N/A | 91.0%+8.4pp | 82.5%+14.3pp | 68.2%+0.8pp | 67.5%+2.7pp | 64.7%+32.6pp | 32.1% |
| Operating Margin | N/A | -520.1% | -450.2% | N/A | N/A | -460.5% | -246.9% | N/A | N/A | -179.8% | -339.1% | -446.3% | -404.1% | -346.1% | -123.2% |
| Net Margin | N/A | -897.8% | -316.2% | N/A | N/A | N/A | -245.4% | N/A | N/A | -475.4% | N/A | N/A | N/A | N/A | -357.3% |
| Return on Assets | N/A | -279.5%+227.9pp | -507.4% | N/A | N/A | N/A | -1795.3% | N/A | N/A | -2591.2% | N/A | N/A | N/A | N/A | -241.7% |
| Current Ratio | 0.01-0.1x | 0.07+0.1x | 0.010.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.010.0x | 0.00-0.1x | 0.110.0x | 0.080.0x | 0.07 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -264.5% | -440.9% | -394.2% | -424.1% | -240.8% |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$13.3M), 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 (0.01), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Sparta Coml Svcs Inc Ranks
Frequently Asked Questions
What is Sparta Coml Svcs Inc's annual revenue?
Sparta Coml Svcs Inc (SRCO) reported $345K in total revenue for fiscal year 2026. This represents a 46.6% 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 46.6% year-over-year, from $236K to $345K in fiscal year 2026.
What is Sparta Coml Svcs Inc's gross margin?
Sparta Coml Svcs Inc (SRCO) had a gross margin of 91.8% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Sparta Coml Svcs Inc's operating cash flow?
Sparta Coml Svcs Inc (SRCO) recorded an outflow of $780K in operating cash flow during fiscal year 2026, representing cash used by core business activities.
What are Sparta Coml Svcs Inc's total assets?
Sparta Coml Svcs Inc (SRCO) had $162K in total assets as of fiscal year 2026, 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 0.01 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.
What is Sparta Coml Svcs Inc's cash runway?
Based on fiscal year 2026 data, Sparta Coml Svcs Inc (SRCO) had $118K in cash against an annual operating cash burn of $780K. This gives an estimated cash runway of approximately 2 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 not reported?
Sparta Coml Svcs Inc (SRCO) has negative shareholder equity of -$13.3M as of fiscal year 2026, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 2 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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.