SPAR Group Q1 net loss $553k; revenue down 10.3% to $30.5M, gross margin up to 22.3%

SPAR Group, Inc.

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

GAAP net loss $553k ($0.02/sh) vs net income $462k ($0.02/sh) in Q1 2025; adjusted diluted loss $0.01/sh.
Revenue $30.5M, down 10.3% YoY; U.S. down 11.7% (lower Remodel), Canada up 3%; U.S. merchandising up 5%.
Gross margin 22.3%, up 90 bps; Adjusted EBITDA $737k vs $1.5M prior year; reiterated FY2026 guidance: sales $143-151M.
Settlement with co-founder Robert G. Brown reached; cash $4.3M, working capital $18.0M (excl. debt); target 25% gross margins.

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 first quarter ended March 31, 2026 results: revenue Net revenues were $30.5 million, net income GAAP Net loss attributable to SPAR Group, Inc. was ($553) thousand, or ($0.02) per diluted share, EPS ($0.02) per diluted share. Guidance reaffirmed.

Period: first quarter ended March 31, 2026
Revenue: Net revenues were $30.5 million
Net income: GAAP Net loss attributable to SPAR Group, Inc. was ($553) thousand, or ($0.02) per diluted share
EPS: ($0.02) per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

prudent capital allocation, with a clear focus on supporting growth while maintaining a solid balance sheet,” concluded Hennen. First Quarter 2026 Highlights ● Net revenues were $30.5 million, down 10.3% year-over-year, comprising U.S. revenues down 11.7% due to lower Remodel work, and Canada revenues up 3.0%. ● Consolidated Gross Margin was 22.3% of sales, a 90-basis

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Source: SEC EDGAR

accession 0001437749-26-016244

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