Filing Flows › Sparta Commercial Services (SRCO) › Q1 FY26
Sparta Commercial Services (SRCO) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Sep 19, 2025
Sparta Commercial Services (SRCO) reported revenue of $97K for the first quarter fiscal 2026 (Q1 FY26), +133% from a year earlier and +44% from the quarter before. Operating margin was -288.9%, net loss $474K (490.6% of revenue).
Sparta Commercial Services, Q1 FY26: revenue $97K (+133% year over year), operating margin -288.9%, net loss $474K, operating cash flow −$347K. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $97K | +44% | +133% |
| Operating profit | −$279K | — | — |
| Net earnings | −$474K | — | — |
| Operating cash flow | −$347K | — | — |
What changed
Revenue was $97K in Q1 FY26, up 133% year over year and up 44% from the previous quarter. Merchant Financing was the largest line at 54% of revenue. Merchant Financing added $50K year over year (up 2352%), 91% of the total change. Information Technology declined 5%.
Gross margin was 91.2%, up 11.9 points from a year earlier. Operating costs exceeded revenue by $279K, an operating margin of -288.9%. Operating expenses fell 2% while revenue rose 133%. The fastest-growing cost line was General & admin (+28%). The quarter ended with a net loss of $474K, wider than the previous quarter's $326K loss.
Operating cash flow was −$347K. Working capital and other items added $128K.
Questions
What was Sparta Commercial Services' revenue in the first quarter fiscal 2026?
Sparta Commercial Services (SRCO) reported revenue of $97K for the first quarter fiscal 2026 (Q1 FY26), +133% from a year earlier and +44% from the quarter before.
Was Sparta Commercial Services profitable in the first quarter fiscal 2026?
Operating loss was $279K (-288.9% of revenue) and net loss $474K.