SGRP · NASDAQ · Specialty Business Services

SPAR Group (SGRP)

Merchandising, remodel, and retail execution services for brands and retailers.

$0.2875
At close−0.10 (−26.28%)
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SPAR Group, Inc.SGRPIndustrials

SPAR Group provides merchandising, marketing, distribution and retail execution services for retailers, brands and consumer goods distributors. After divesting most international operations, it is focused on the United States and Canada.

SPAR Group helps consumer goods companies and retailers execute work inside and around stores: resets, planogram maintenance, display setup, shelf replenishment, price and inventory audits, remodels, fixture work, assembly, fulfillment support and digital merchandising. Its SPARview technology and analytics tools support planning, field instructions, reporting and real-time visibility for clients and teams.

The company was founded in 1967 as a promotion analysis business, later added in-store merchandising and marketing, and now operates mainly in the United States and Canada after exiting other country operations during its strategic review. Current execution depends on retailer and brand demand, the mix between remodel work and core merchandising, field labor availability, and the company's ability to turn technology partnerships and cost reductions into steadier margins.

Company facts

CEOWilliam Linnane
ListedMar 1, 1996
ExchangeNASDAQ
HeadquartersCharlotte, NC
CountryUnited States
Employees4,522
CIK0001004989
ISINUS7849331035

Market cap$8.2M
EPS (ttm)−$1.05
P/E (ttm)−0.2738
ROE-492.2%
P/B2.33
P/S0.0624
Dividend yieldDiv yield
Beta0.14vs XLI 0.65

No analyst consensus on record.

EPSReportedEstimate

May '24Aug '24Nov '24Apr '25Aug '25Nov '25Mar '26May '26
Reported$0.06$0.15$0.02−$0.03$0.01−$0.10−$0.39$0.01
Estimate$0.03−$0.04$0.03$0.03$0.02
Surprise+95.0%+150.0%−66.7%−433.3%−2,050.0%

RevenueReportedEstimate

May '24Aug '24Nov '24Apr '25Aug '25Nov '25Mar '26May '26
Reported$68.7M$57.3M$37.8M$196.8M$38.6M$41.4M$22.0M$30.5M
Estimate$48.0M$44.0M$39.0M$44.0M$45.0M$40.0M
Surprise+43.1%+30.2%−3.1%−12.2%−8.0%−45.0%
Estimate
Reported$0.01
Estimate
Reported$30.5M
View details

Debt to equity153.60%
Current ratio96.70%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$37.8M$33.0M$34.0M$38.6M$41.4M$22.0M$30.5M$36.9M
Net income−$144.0K−$13.3M$462.0K−$1.0K−$8.8M−$16.3M−$553.0K$409.0K
Net margin0.0%0.0%1.4%0.0%0.0%0.0%0.0%1.1%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$1.5M−$13.1M$1.0M$715.0K−$1.9M−$12.0M$203.0K$1.2M
YoY growth−196.8%−581.5%−88.1%−80.4%+69.1%

Balance sheet, Jun 30, 2026Cash & short-term investments $2.9M · Total debt $5.0M · Total assets $53.0M · Shareholders' equity $3.2M

Revenue
$36.9M
Operating income
$1.2M
Net income
$409.0K
View details

No dividends on record.

Institutions16 holders · as of Mar 31, 20266.18%1.76M shares
Insiders4 holders · as of Jul 31, 202613.52%3.84M shares
Strategic holders2 holders · as of Jul 23, 202634.84%9.89M shares
Otherremainder45.46%12.91M shares

28.40M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
ReposiTrak, Inc.Strategic10 percent owner
31.34%8.90MForm 4filed Jul 23, 2026
Robert G/ BrownInsider10 percent owner
11.55%3.28MForm 4filed Jul 31, 2026
SPAR Business Services IncStrategicother: Affiliated with Robert G Brown
3.50%992,549Form 4filed Jan 30, 2025
Nantahala Capital Management, LLCInstitution
2.33%660,68813Fas of Mar 31, 2026
Vanguard Capital Management LLCInstitution
1.78%504,19513Fas of Mar 31, 2026
See all 25

13F — a manager's quarterly holdings · Form 4 — an insider's transaction report

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jul 1, 2026William H. Bartels10 percent owner, other: Former 10% owner−4,709,837
Jun 11, 2026Robert G/ Brown10 percent owner−10,000$0.8500
May 1, 2026Steven Michael Hennenofficer: Chief Financial Officer+78,000$0.6400
Dec 19, 2025Steven Michael Hennenofficer: Chief Financial Officer+55,000$0.7800
Oct 3, 2025William Linnaneofficer: President+173,000$1.02
View details

Not reported.