Filing Flows › Spar Group (SGRP) › Q2 2026 › vs Q1 2026
Spar Group (SGRP) Q2 2026 vs Q1 2026 (quarter over quarter)
Spar Group's revenue rose $6.4M (+21%) from $30.5M in Q1 2026 to $36.9M in Q2 2026. The biggest changes: United States Segment +$5.2M (+19%); Canada Segment +$1.1M (+35%). Gross margin 22.8% against 22.3% (+0.5 pts).
Spar Group, Q2 2026: revenue $36.9M (-4% year over year), operating margin 3.3%, net earnings $409K, operating cash flow −$4.8M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 22.8% | 22.3% | +0.5 pts |
| Operating margin | 3.3% | -0.1% | +3.4 pts |
| Net margin | 1.1% | -1.8% | +2.9 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| United States Segment | $32.5M | $27.3M | $5.2M | +19% |
| Canada Segment | $4.4M | $3.3M | $1.1M | +35% |
| Revenue | $36.9M | $30.5M | $6.4M | +21% |
| Gross profit | $8.4M | $6.8M | $1.6M | +23% |
| Cost of revenue | $28.5M | $23.7M | $4.8M | +20% |
| Operating profit | $1.2M | −$42K | $1.3M | — |
| Operating expenses | $7.2M | $6.9M | $346K | +5% |
| Pre-tax earnings | $521K | −$525K | $1.0M | — |
| Other expense, net | $688K | $483K | $205K | +42% |
| SG&A | $6.8M | $6.2M | $568K | +9% |
| Other operating costs | $433K | $655K | −$222K | -34% |
| Net earnings | $409K | −$553K | $962K | — |
| Income tax | $112K | $28K | $84K | +300% |
| Operating cash sources | $5.6M | $3.8M | $1.9M | +49% |
| Depreciation & amortization | $433K | $410K | $23K | +6% |
| Cash used in operations | $4.8M | $3.9M | $866K | +22% |
| Working capital & other | $5.6M | $3.8M | $1.9M | +49% |
Questions
How much did Spar Group's revenue grow quarter over quarter in Q2 2026?
Spar Group's revenue rose $6.4M (+21%) from $30.5M in Q1 2026 to $36.9M in Q2 2026.
What drove Spar Group's revenue change in Q2 2026?
United States Segment +$5.2M (+19%); Canada Segment +$1.1M (+35%).