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Spar Group vs Paysign: SGRP and PAYS compared
Spar Group is the larger company: $36.9M of revenue in its latest quarter (Q2 2026) against $28.3M for Paysign (Q2 2026). Paysign is growing faster (+48% against -4% a year earlier). Paysign is more profitable, with an operating margin of 24.8% against 3.3%.
Where the money goes: SGRP and PAYS
Spar Group (SGRP) · Q2 2026
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 follows the revenue to costs, profit and cash.
Paysign (PAYS) · Q2 2026
Paysign, Q2 2026: revenue $28.3M (+48% year over year), operating margin 24.8%, net earnings $6.8M, operating cash flow $1.3M. The chart follows the revenue to costs, profit and cash.
| Spar Group (SGRP) | Paysign (PAYS) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $36.9M | $28.3M |
| Revenue growth, Y/Y | -4% | +48% |
| Gross margin | 22.8% | 63.3% |
| Operating margin | 3.3% | 24.8% |
| Net earnings | $409K | $6.8M |
| Net margin | 1.1% | 23.9% |
| Operating cash flow | −$4.8M | $1.3M |
| Free cash flow | — | $1.2M |
Where the revenue comes from
Spar Group
- United States Segment: $32.5M (88%)
- Canada Segment: $4.4M (12%)
Paysign
- Pharma Industry: $14.6M (52%)
- Plasma Industry: $13.0M (46%)
- Other Revenue: $562K (2%)
- Breakage Revenue: $76K (0%)
Questions
Which is bigger, Spar Group or Paysign?
Spar Group is the larger company: $36.9M of revenue in its latest quarter (Q2 2026) against $28.3M for Paysign (Q2 2026).
Is Spar Group or Paysign growing faster?
Paysign is growing faster (+48% against -4% a year earlier).
Which is more profitable, Spar Group or Paysign?
Paysign is more profitable, with an operating margin of 24.8% against 3.3%.
More: Spar Group earnings · how Spar Group makes money · Paysign earnings · how Paysign makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 13, 2026; 10-Q filed Aug 6, 2026). Fiscal quarters can end on different dates. Not investment advice.