---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-035593"
form_type: "8-K"
ticker: "SGRP"
cik: "0001004989"
company_name: "SPAR Group, Inc."
filed_at: "2025-11-18T23:59:59+00:00"
generated_at: "2026-05-16T18:41:28.642070+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# SPAR Group reports Q3 net loss of $8.8M; appoints William Linnane as CEO

## Summary
- GAAP net loss $8.8M ($0.37 diluted EPS); adjusted EPS loss $0.10.
- Revenue $41.4M; US/Canada net revenues up 28.2% YoY.
- Gross margin 18.6% vs 22.3% YoY; restructuring costs $4M, unusual costs $1.6M.
- Appointed William Linnane as CEO effective Nov 12, 2025, from President role.
- ABL facilities amended/extended to $36M through Oct 2027.

## SEC filing metadata
- accession: 0001437749-25-035593
- form_type: 8-K
- ticker: SGRP
- cik: 0001004989
- company_name: SPAR Group, Inc.
- filed_at: 2025-11-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1004989/000143774925035593/0001437749-25-035593-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1004989/000143774925035593/sgrp20251106_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-035593
- JSON: https://secwatch.observer/filing/0001437749-25-035593.json
- Plain text: https://secwatch.observer/filing/0001437749-25-035593.txt

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