Revenue: As of FY2026 Q1, the actual value is USD 30.52 M.EPS: As of FY2026 Q1, the actual value is USD -0.02.EBIT: As of FY2026 Q1, the actual value is USD 457 K.<h4>Segment Revenue</h4>SPAR Group, Inc.’s U.S. segment reported net revenues of $27,262 thousand for the three months ended March 31, 2026, a decrease of 11.7% from $30,876 thousand in the prior year, primarily due to lower volume in the remodel business . Canada’s net revenues totaled $3,256 thousand in 2026, an increase from $3,165 thousand in 2025 . Total net revenues for SPAR Group, Inc. were $30,518 thousand in 2026, down from $34,041 thousand in 2025, representing a 10.3% decrease .<h4>Operational Metrics</h4>Gross Profit: The U.S. Segment’s gross profit was $5,986 thousand for the three months ended March 31, 2026, compared to $6,182 thousand in 2025 . The Canada Segment’s gross profit was $826 thousand for the three months ended March 31, 2026, down from $1,093 thousand in 2025 . Consolidated gross profit was $6,812 thousand in 2026, a decrease from $7,275 thousand in 2025 . The cost of revenues was 77.7% of net revenue in 2026, an improvement from 78.6% in 2025 .Operating Profit/Loss: SPAR Group, Inc. reported a consolidated operating loss of - $42 thousand for the three months ended March 31, 2026, compared to an operating income of $1,036 thousand in the same period of 2025 .Operating Costs: Consolidated Selling, General and Administrative (SG&amp;A) expenses increased to $6,199 thousand (20.3% of net revenue) in 2026 from $5,872 thousand (17.2% of net revenue) in 2025, driven by higher legal and accounting services, subscription expenses for the enterprise resource planning system, and increased consulting fees . U.S. SG&amp;A expenses were $5,700 thousand in 2026, up from $5,400 thousand in 2025, while Canada’s SG&amp;A remained at $500 thousand for both periods . The company recognized $245 thousand in restructuring costs and severance in 2026, with no such costs in 2025 . Depreciation and amortization remained relatively stable at $410 thousand in 2026, compared to $367 thousand in 2025 . Interest expense was $499 thousand in 2026, slightly up from $469 thousand in 2025 .Net Income/Loss: SPAR Group, Inc. reported a consolidated net loss of - $553 thousand for the three months ended March 31, 2026, a significant change from a net income of $462 thousand in the prior year period .<h4>Unique Metrics</h4>EBITDA and Adjusted EBITDA: Consolidated EBITDA was $384 thousand for the three months ended March 31, 2026, a decrease from $1,412 thousand in 2025 . Adjusted EBITDA was $737 thousand for the three months ended March 31, 2026, down from $1,496 thousand in 2025 .<h4>Cash Flow</h4><ul><li>Net cash used in operating activities was - $3,918 thousand for the three months ended March 31, 2026, a slight change from - $4,044 thousand in 2025, primarily due to a decrease in accounts receivable offset by a decrease in accounts payable .</li><li>Net cash used in investing activities was - $503 thousand in 2026, compared to - $525 thousand in 2025 .</li><li>Net cash provided by financing activities was $5,517 thousand in 2026, up from $4,290 thousand in 2025, mainly due to proceeds from the PC Group unsecured note .</li><li>Cash and cash equivalents at the end of the period were $4,310 thousand as of March 31, 2026, compared to $17,942 thousand as of March 31, 2025 .</li></ul><h4>Future Outlook and Strategy</h4>SPAR Group, Inc. believes its current credit facilities, extended for two years in October 2025, alongside projected operational results and other available financing, will provide sufficient cash to support working capital and capital expenditure requirements for the next 12 months . However, delays in receivable collection, significant business reductions from major clients, or an economic downturn could negatively impact the company’s financial resources and operational funding . The company’s goal is to be the most creative, energizing, and effective retail services company, driving sales, margins, and operating efficiency for its clients through merchandising and brand marketing services .

SPAR | 10-Q: FY2026 Q1 Revenue: USD 30.52 M