{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-26-016244","form_type":"8-K","ticker":"SGRP","cik":"0001004989","company_name":"SPAR Group, Inc.","filed_at":"2026-05-12T12:15:14+00:00","discovered_at":"2026-05-12T12:20:00.334864+00:00","generated_at":"2026-05-12T12:22:39.399086+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"SPAR Group Q1 net loss $553k; revenue down 10.3% to $30.5M, gross margin up to 22.3%","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-016244","json":"https://secwatch.observer/filing/0001437749-26-016244.json","markdown":"https://secwatch.observer/filing/0001437749-26-016244.md","text":"https://secwatch.observer/filing/0001437749-26-016244.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1004989/000143774926016244/0001437749-26-016244-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1004989/000143774926016244/sgrp20260430_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-12T12:22:39.399086+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}