{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-26-010503","form_type":"8-K","ticker":"SGRP","cik":"0001004989","company_name":"SPAR Group, Inc.","filed_at":"2026-03-31T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.382273+00:00","generated_at":"2026-05-15T08:04:51.283035+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"SPAR Group reports FY2025 net loss of $24.6M; adjusted EBITDA loss of $8.6M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-010503","json":"https://secwatch.observer/filing/0001437749-26-010503.json","markdown":"https://secwatch.observer/filing/0001437749-26-010503.md","text":"https://secwatch.observer/filing/0001437749-26-010503.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1004989/000143774926010503/0001437749-26-010503-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1004989/000143774926010503/sgrp20260327_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T08:04:51.283035+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3b2b5245e1ec965183f2a249d010e7d8c4e064c7","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774926010503/0001437749-26-010503-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the periods ended December 31, 2025"},{"label":"Revenue","value":"$136.1 million"},{"label":"Net income","value":"Net loss attributable to SPAR Group, Inc. was $24.6 million"},{"label":"EPS","value":"$1.04 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}