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Sparta Commercial Services (SRCO) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Mar 23, 2026
Sparta Commercial Services (SRCO) reported revenue of $92K for the third quarter fiscal 2026 (Q3 FY26), +17% from a year earlier and -7% from the quarter before. Operating margin was -225.9%, net loss $405K (439.8% of revenue).
Sparta Commercial Services, Q3 FY26: revenue $92K (+17% year over year), operating margin -225.9%, net loss $405K, operating cash flow −$183K. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $92K | -7% | +17% |
| Operating profit | −$208K | — | — |
| Net earnings | −$405K | — | — |
| Operating cash flow | −$183K | — | — |
What changed
Revenue was $92K in Q3 FY26, up 17% year over year and down 7% from the previous quarter. Merchant Financing was the largest line at 57% of revenue. Merchant Financing added $14K year over year (up 37%), 108% of the total change. Wellness Products declined 54%.
Gross margin was 94.0%, up 3.5 points from Q3 FY25. Operating costs exceeded revenue by $208K, an operating margin of -225.9%. Operating expenses grew 15% against revenue growth of 17%. The fastest-growing cost line was Other operating costs (+18%). The quarter ended with a net loss of $405K, narrower than the previous quarter's $520K loss.
Operating cash flow was −$183K. Working capital and other items added $222K.
Questions
What was Sparta Commercial Services' revenue in the third quarter fiscal 2026?
Sparta Commercial Services (SRCO) reported revenue of $92K for the third quarter fiscal 2026 (Q3 FY26), +17% from a year earlier and -7% from the quarter before.
Was Sparta Commercial Services profitable in the third quarter fiscal 2026?
Operating loss was $208K (-225.9% of revenue) and net loss $405K.