Filing Flows › Spar Group (SGRP) › Q2 2026 › vs Q2 2025
Spar Group (SGRP) Q2 2026 vs Q2 2025 (year over year)
Spar Group's revenue fell $1.7M (-4%) from $38.6M in Q2 2025 to $36.9M in Q2 2026. The biggest changes: United States Segment −$2.8M (-8%); Canada Segment +$1.0M (+31%). Gross margin 22.8% against 23.5% (-0.7 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 22.8% | 23.5% | -0.7 pts |
| Operating margin | 3.3% | 1.9% | +1.4 pts |
| Net margin | 1.1% | 0.0% | +1.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| United States Segment | $32.5M | $35.3M | −$2.8M | -8% |
| Canada Segment | $4.4M | $3.4M | $1.0M | +31% |
| Revenue | $36.9M | $38.6M | −$1.7M | -4% |
| Gross profit | $8.4M | $9.1M | −$653K | -7% |
| Cost of revenue | $28.5M | $29.6M | −$1.1M | -4% |
| Operating profit | $1.2M | $715K | $494K | +69% |
| Operating expenses | $7.2M | $8.3M | −$1.1M | -14% |
| Pre-tax earnings | $521K | $119K | $402K | +338% |
| Other expense, net | $688K | $596K | $92K | +15% |
| SG&A | $6.8M | $7.9M | −$1.2M | -15% |
| Other operating costs | $433K | $413K | $20K | +5% |
| Net earnings | $409K | −$1K | $410K | — |
| Income tax | $112K | $120K | −$8K | -7% |
| Operating cash sources | $5.6M | $8.3M | −$2.6M | -32% |
| Depreciation & amortization | $433K | $413K | $20K | +5% |
| Cash used in operations | $4.8M | $7.9M | −$3.1M | -39% |
| Working capital & other | $5.6M | $8.3M | −$2.7M | -32% |
Questions
How much did Spar Group's revenue grow year over year in Q2 2026?
Spar Group's revenue fell $1.7M (-4%) from $38.6M in Q2 2025 to $36.9M in Q2 2026.
What drove Spar Group's revenue change in Q2 2026?
United States Segment −$2.8M (-8%); Canada Segment +$1.0M (+31%).