Filing Flows › Spar Group (SGRP) › Q1 2026
Spar Group (SGRP) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 12, 2026
Spar Group (SGRP) reported revenue of $30.5M for the first quarter 2026 (Q1 2026), -10% from a year earlier and +39% from the quarter before. Operating margin was -0.1%, net loss $553K (1.8% of revenue).
Spar Group, Q1 2026: revenue $30.5M (-10% year over year), operating margin -0.1%, net loss $553K, operating cash flow −$3.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $30.5M | +39% | -10% |
| Operating profit | −$42K | — | -104% |
| Net earnings | −$553K | — | -220% |
| Operating cash flow | −$3.9M | — | — |
What changed
Revenue was $30.5M in Q1 2026, down 10% year over year and up 39% from the previous quarter. United States Segment was the largest line at 89% of revenue. United States Segment lost $3.6M year over year (down 12%), 103% of the total change.
Gross margin was 22.3%, up 0.9 points from Q1 2025. Operating costs exceeded revenue by $42K, an operating margin of -0.1%. Operating expenses grew 10% against a revenue fall of 10%. The fastest-growing cost line was Other operating costs (+78%). The quarter ended with a net loss of $553K, narrower than the previous quarter's $16.3M loss. Net interest and other expense of $483K was the main reason.
Operating cash flow was −$3.9M. Non-cash charges added back $410K of depreciation and amortization. Working capital and other items used $3.8M. Capital expenditures of $503K exceeded it, leaving free cash flow of −$4.4M.
Questions
What was Spar Group's revenue in the first quarter 2026?
Spar Group (SGRP) reported revenue of $30.5M for the first quarter 2026 (Q1 2026), -10% from a year earlier and +39% from the quarter before.
Was Spar Group profitable in the first quarter 2026?
Operating loss was $42K (-0.1% of revenue) and net loss $553K.
Source: Spar Group 10-Q on SEC EDGAR.