Quarterly ResultMay 12, 2026, 08:41 AM
SPAR Group Q1 Net Loss $(0.55)M; Revenue $30.52M
AI Summary
SPAR Group reported a net loss of $(0.55) million for the first quarter of 2026, a significant decline from a net income of $0.46 million in the prior year. Net revenues also decreased to $30.52 million from $34.04 million year-over-year. The company also entered into a new $4.0 million unsecured loan agreement with PC Group, drawing $3.0 million in March 2026, and incurred $0.25 million in restructuring costs.
Key Highlights
- Net revenues decreased 10.3% to $30.52 million in Q1 2026 from $34.04 million in Q1 2025.
- Net income shifted to a loss of $(0.55) million in Q1 2026 from a profit of $0.46 million in Q1 2025.
- Basic (loss) earnings per common share was $(0.02) in Q1 2026, down from $0.02 in Q1 2025.
- Operating income turned into a loss of $(0.04) million in Q1 2026 from an income of $1.04 million in Q1 2025.
- Restructuring costs and severance amounted to $0.25 million in Q1 2026.
- Secured a new $4.0 million unsecured loan with PC Group, with $3.0 million drawn in March 2026.
- Total liabilities increased to $50.97 million as of March 31, 2026, from $43.44 million at December 31, 2025.
- US segment net revenues decreased to $27.26 million in Q1 2026 from $30.88 million in Q1 2025.
Price Impact
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