Filing Flows › Spar Group (SGRP) › Q2 2025
Spar Group (SGRP) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
Spar Group (SGRP) reported revenue of $38.6M for the second quarter 2025 (Q2 2025), -11% from a year earlier and +13% from the quarter before. Operating margin was 1.9%, net loss $1K (0.0% of revenue).
Spar Group, Q2 2025: revenue $38.6M (-11% year over year), operating margin 1.9%, net loss $1K, operating cash flow −$7.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $38.6M | +13% | -11% |
| Operating profit | $715K | -31% | — |
| Net earnings | −$1K | -100% | — |
| Operating cash flow | −$7.9M | — | — |
What changed
Revenue was $38.6M in Q2 2025, down 11% year over year and up 13% from the previous quarter.
Gross margin was 23.5%, up 2.8 points from a year earlier. Operating profit was $715K, a 1.9% margin (up 4.1 points year over year). Operating expenses fell 16% while revenue fell 11%. The quarter ended with a net loss of $1K, after a profit of $462K the previous quarter. Net interest and other expense of $596K was the main reason.
Operating cash flow was −$7.9M. Non-cash charges added back $413K of depreciation and amortization and $27K of share-based compensation. Working capital and other items used $8.3M. Capital expenditures of $434K exceeded it, leaving free cash flow of −$8.3M.
Questions
What was Spar Group's revenue in the second quarter 2025?
Spar Group (SGRP) reported revenue of $38.6M for the second quarter 2025 (Q2 2025), -11% from a year earlier and +13% from the quarter before.
Was Spar Group profitable in the second quarter 2025?
Operating profit was $715K (1.9% of revenue) and net loss $1K.
Source: Spar Group 10-Q on SEC EDGAR.