SPAR Group reports FY2025 net loss of $24.6M; adjusted EBITDA loss of $8.6M

SPAR Group, Inc.

2026-Q1 EPS reported -$0.02 revenue$30,518,000

GAAP net loss $24.6M ($1.04/diluted share) vs $3.2M loss in 2024.
Full-year net revenue $136.1M, up 3.3% comparable in US/Canada; gross margin 15.9% vs 20.5%.
Adjusted EBITDA loss $8.6M vs positive $5.6M in 2024; restructuring costs $4.8M.
Subsequent event: $4M unsecured loan at 8% due 2029, plus 1M shares at $0.80 applied to principal.
Management targets SG&A below $6.5M/quarter; medium-term goal of 15% or less of sales.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SPAR Group, Inc. reported the periods ended December 31, 2025 results: revenue $136.1 million, net income Net loss attributable to SPAR Group, Inc. was $24.6 million, EPS $1.04 per diluted share.

Period: the periods ended December 31, 2025
Revenue: $136.1 million
Net income: Net loss attributable to SPAR Group, Inc. was $24.6 million
EPS: $1.04 per diluted share
Result: reported results

Exact text from the filing

SPAR Group, Inc. Reports 2025 Full Year and Fourth Quarter Results Full Year Sales of $136 Million, Up 3.3% on Comparable Basis for the U.S. and Canada

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SPAR Group, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-26-010503

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