---
title: "Sparta 10-Q: Q3 Revenue $92.16M, EPS (Loss) $(0.01) — Significant YTD and net losses"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280217300.md"
description: "Sparta reported Q3 revenue of $92.16 million, a 17% year-over-year increase, primarily from merchant financing fees. The company incurred a net loss of $(405.29) million for the quarter and $(1,399.21) million year-to-date, with operating expenses rising 15%. Gross profit was $86.67 million. The company is expanding digital offerings and launched SpartaPayIQ. A joint venture aims to support Brazilian importers. Staffing is minimal, with plans for a Sparta Crypto platform launch in 2026, pending execution."
datetime: "2026-03-23T21:21:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280217300.md)
  - [en](https://longbridge.com/en/news/280217300.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280217300.md)
generator: "portal-rs"
---

# Sparta 10-Q: Q3 Revenue $92.16M, EPS (Loss) $(0.01) — Significant YTD and net losses

Sparta reported third-quarter total revenue of $92.16 million, driven primarily by merchant financing fees, while reporting a net loss per share of $(0.01) for the three-month period. The company posted a three-month net loss of $(405.29) million and a nine-month net loss of $(1,399.21) million, with operating expenses rising year-over-year. Gross profit for the quarter was reported at $86.67 million after cost of goods sold of $5,490.

**Financial Highlights**

-   **Total Revenue (Three months)**: $92,162,000 — a 17% year-over-year increase driven primarily by merchant financing fees.
-   **Gross profit (Three months)**: $86,672,000 (after $5,490 cost of goods sold).
-   **Loss from operations**: $(208,217,000); operating expenses increased 15% year-over-year.
-   **Net loss (Net Income)**: $(405,288,000) for the three months; $(1,399,213,000) for the nine months.
-   **Loss from continuing operations attributable to common stockholders (Net Income Per Share)**: $(0.01) per share (three months); $(0.03) per share (nine months).

**Business Highlights**

-   **Revenue Growth**: Year-to-date revenue rose 71% to $288,000, attributed primarily to increased merchant financing fees.
-   **Channel Shift**: Expanded digital offerings are core channels, including mobile applications, vehicle history reports, and e-commerce wellness sales.
-   **Brand and Product Initiatives**: Launched and marketed SpartaPayIQ payment gateway and NewWorldHealthBrands; continued global distribution of Vehicle History Reports.
-   **Joint Venture and Market Targeting**: Agoge fintech joint venture aims to serve Brazilian importers with a staged financing platform and is seeking debt financing to scale operations.
-   **Staffing & Product Roadmap**: Operates with a small core team (4 full-time, 3 part-time) and plans a platform launch for Sparta Crypto targeted for 2026, contingent on execution.

Original SEC Filing: SPARTA COMMERCIAL SERVICES, INC. \[ SRCO \] - 10-Q - Mar. 23, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**