---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-015527"
form_type: "8-K"
ticker: "SGRP"
cik: "0001004989"
company_name: "SPAR Group, Inc."
filed_at: "2023-05-23T23:59:59+00:00"
generated_at: "2026-06-14T16:55:09.514138+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# SPAR Group Q1 revenue up 9.1% to $64.4M; operating income up 52% to $3.2M

## Summary
- Net revenues $64.4M (+9.1% YoY; +12.4% constant currency); Americas segment grew 13.0%.
- Gross profit margin expanded 190 bps to 22.0% from 20.1% on improved contract terms and cost controls.
- Operating income $3.2M, up 52% from $2.1M; net income attributable to SPAR $866K ($0.04/diluted) vs $674K ($0.03).
- Consolidated Adjusted EBITDA $4.2M vs $2.4M prior year; Adjusted net income $1.3M ($0.06/share).
- Company continues strategic review (no update); strong balance sheet, expanding services with blue-chip clients.

## SEC filing metadata
- accession: 0001437749-23-015527
- form_type: 8-K
- ticker: SGRP
- cik: 0001004989
- company_name: SPAR Group, Inc.
- filed_at: 2023-05-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1004989/000143774923015527/0001437749-23-015527-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1004989/000143774923015527/sgrp20230522_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-015527
- JSON: https://secwatch.observer/filing/0001437749-23-015527.json
- Plain text: https://secwatch.observer/filing/0001437749-23-015527.txt

## Key facts
- Earnings Releases
  SPAR Group, Inc. reported the first quarter ended March 31, 2023 results: revenue $64.4 million, net income $866 thousand, EPS $0.04 per share.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $64.4 million
  - Net income: $866 thousand
  - EPS: $0.04 per share
  - Result: reported results
  source text: First Quarter 2023 Financial Results Net revenues were $64.4 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1004989/000143774923015527/0001437749-23-015527-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.