Filing Flows › Sparta Commercial Services (SRCO) › Q1 FY27
Sparta Commercial Services (SRCO) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Sep 21, 2026
Sparta Commercial Services (SRCO) reported revenue of $48K for the first quarter fiscal 2027 (Q1 FY27), -51% from a year earlier and -17% from the quarter before. Operating margin was -956.2%.
Sparta Commercial Services, Q1 FY27: revenue $48K (-51% year over year), operating margin -956.2%, net loss $535K, operating cash flow −$233K. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $48K | -17% | -51% |
| Operating profit | −$456K | — | — |
| Net earnings | −$535K | — | — |
| Operating cash flow | −$233K | — | — |
What changed
Revenue was $48K in Q1 FY27, down 51% year over year and down 17% from the previous quarter. Information Technology was the largest line at 95% of revenue. Merchant Financing lost $52K year over year (down 99%), 107% of the total change.
Gross margin was 85.5%, down 5.7 points from Q1 FY26. Operating costs exceeded revenue by $456K, an operating margin of -956.2%. Operating expenses grew 35% against a revenue fall of 51%. The fastest-growing cost line was Other operating costs (+36%). The quarter ended with a net loss of $535K, narrower than the previous quarter's $1.5M loss. Minority interests bore $36K of it: to shareholders the quarter was a loss of $500K.
Operating cash flow was −$233K. Working capital and other items added $302K.
Questions
What was Sparta Commercial Services' revenue in the first quarter fiscal 2027?
Sparta Commercial Services (SRCO) reported revenue of $48K for the first quarter fiscal 2027 (Q1 FY27), -51% from a year earlier and -17% from the quarter before.
Was Sparta Commercial Services profitable in the first quarter fiscal 2027?
Operating loss was $456K (-956.2% of revenue) and net loss $535K.