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Spar Group (SGRP) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · Spar Group (SGRP) Q2 2026 earnings results →
Q2 2026 Revenue down 4% year over year to $36.9M · 1¢ of every $1 of revenue kept as net profit · operating margin 3.3%
Spar Group made $36.9M in Q2 2026 (-4% Y/Y): United States Segment $32.5M, Canada Segment $4.4M. Operating margin 3.3%, net earnings $409K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.
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What changed this quarter
Revenue was $36.9M in Q2 2026, down 4% year over year and up 21% from the previous quarter. United States Segment was the largest line at 88% of revenue. United States Segment lost $2.8M year over year (down 8%), 160% of the total change.
Gross margin was 22.8%, down 0.7 points from Q2 2025. Operating profit was $1.2M, a 3.3% margin (up 1.4 points year over year). Operating expenses fell 14% while revenue fell 4%. Net earnings were $409K. The effective tax rate was 21.5%.
Operating cash flow was −$4.8M. Non-cash charges added back $433K of depreciation and amortization. Working capital and other items used $5.6M. Capital expenditures of $532K exceeded it, leaving free cash flow of −$5.3M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 13, 2026 | $36.9M | -4% | 3.3% | $409K | −$4.8M |
| Q1 2026 | 10-Q | May 12, 2026 | $30.5M | -10% | -0.1% | −$553K | −$3.9M |
| Q4 2025 | 10-K | Mar 31, 2026 | $22.0M | -33% | -57.8% | −$16.3M | −$2.5M |
| Q3 2025 | 10-Q | Nov 14, 2025 | $41.4M | +10% | -14.3% | −$8.8M | −$4.1M |
| Q2 2025 | 10-Q | Aug 14, 2025 | $38.6M | -11% | 1.9% | −$1K | −$7.9M |
| Q1 2025 | 10-Q | Jul 17, 2025 | $34.0M | -31% | 3.0% | $462K | −$4.0M |
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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📈Investments: gains and what it boughtinteractive
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About Spar Group
SPAR Group, Inc., a Delaware corporation ("SGRP" or the "Corporation"), and its subsidiaries (together with SGRP, "SPAR Group" or the "Company"), is a leading merchandising and brand marketing services company, providing a broad range of sales enhancing services to retailers across most classes of trade and consumer goods manufacturers and distributors. Our goal is to be the most creative, energizing and effective retail services company that drives sales, margins and operating efficiency for our clients. As of December 31, 2025, we operated in the United States ("U.S.") and Canada, having exited Mexico, Brazil, South Africa, China, Japan and India during 2024. Now focused on the U.S. and Canada, we successfully execute programs through our robust logistics, reporting and communication technology, which provides clients value through real-time insight on store / product conditions.
In its own words, from its 10-K, filed Mar 31, 2026.
Spar Group against its Services-Business Services, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -4% against the peers' median +10%. Operating margin: 3.3% against the peers' median 9.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SGRP Spar Group | Q2 2026 | $36.9M | -4% | 3.3% |
| ACN Accenture | Q4 FY26 | $18.7B | +6% | 15.3% |
| UBER Uber Technologies | Q3 2026 | $14.8B | +10% | 9.8% |
| V Visa | Q4 FY26 | $12.1B | +13% | 59.8% |
| MELI MercadoLibre | Q3 2026 | $10.8B | +45% | 6.3% |
| MA Mastercard | Q3 2026 | $9.8B | +14% | 59.8% |
| PYPL PayPal Holdings | Q3 2026 | $8.6B | +2% | 16.3% |
| FISV Fiserv | Q3 2026 | $5.2B | -1% | -105.7% |
| DASH DoorDash | Q3 2026 | $4.6B | +34% | 9.6% |
Source: Spar Group 10-Q on SEC EDGAR · CIK 1004989 · Services-Business Services, NEC
13F: who owns SGRP and who is buying
More on SGRP
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results