Income Statement SPAR Group, Inc.

Stocks

SGRP

US7849331035

Advertising & Marketing

Market Closed - OTC Markets			5-day change	1st Jan Change
- ^USD	-.--%		-.--%	-

09-17	ReposiTrak, Inc. and SPAR Group, Inc. Begin Deployment of Touchless Retail for Paper Products Supplier At Large East Coast Retailer	CI
08-18	ReposiTrak Launches Touchless Retail with Spar Group	CI

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Published financial data: SPAR GROUP, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Revenues	256M	261M	263M	197M	136M
Total Revenues	256M	261M	263M	197M	136M
Cost of Goods Sold, Total	208M	210M	207M	158M	114M
Gross Profit	47.52M	51.01M	55.48M	38.46M	21.69M
Selling General & Admin Expenses, Total	36.78M	40.6M	42.81M	31.94M	30.4M
Depreciation & Amortization - (IS)	2.08M	2.03M	2M	1.62M	1.63M
Other Operating Expenses, Total	38.86M	42.63M	44.81M	33.56M	32.03M
Operating Income	8.66M	8.38M	10.67M	4.9M	-10.34M
Interest Expense, Total	-585K	-965K	-1.92M	-2.22M	-2.42M
Net Interest Expenses	-585K	-965K	-1.92M	-2.22M	-2.42M
Other Non Operating Income (Expenses)	510K	482K	-346K	-171K	-1.24M
EBT, Excl. Unusual Items	8.59M	7.9M	8.4M	2.5M	-13.99M
Restructuring Charges	-	-	-28K	-	-4.76M
Impairment of Goodwill	-	-2.46M	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-408K	1.35M	-
Legal Settlements	-	-	-289K	-100K	-1.28M
Other Unusual Items	-4.48M	-540K	-544K	-5.22M	-525K
EBT, Incl. Unusual Items	4.11M	4.9M	7.13M	-1.47M	-20.55M
Income Tax Expense	2.11M	2.78M	2.36M	1.22M	4.07M
Earnings From Continuing Operations	2M	2.13M	4.78M	-2.69M	-24.63M
Net Income to Company	2M	2.13M	4.78M	-2.69M	-24.63M
Minority Interest	-3.78M	-2.86M	-874K	-463K	-
Net Income - (IS)	-1.78M	-732K	3.9M	-3.15M	-24.63M
Net Income to Common Incl Extra Items	-1.78M	-732K	3.9M	-3.15M	-24.63M
Net Income to Common Excl. Extra Items	-1.78M	-732K	3.9M	-3.15M	-24.63M
Per Share Items
Net EPS - Basic	-0.08	-0.03	0.17	-0.13	-1.04
Basic EPS - Continuing Operations	-0.08	-0.03	0.17	-0.13	-1.04
Basic Weighted Average Shares Outstanding	21.27M	22.11M	23.33M	23.56M	23.62M
Net EPS - Diluted	-0.08	-0.03	0.16	-0.13	-1.04
Diluted EPS - Continuing Operations	-0.08	-0.03	0.16	-0.13	-1.04
Diluted Weighted Average Shares Outstanding	21.27M	22.11M	24.46M	23.73M	23.62M
Normalized Basic EPS	0.07	0.09	0.19	0.05	-0.37
Normalized Diluted EPS	0.07	0.09	0.18	0.05	-0.37
Supplemental Items
EBITDA	9.54M	9.22M	11.57M	5.21M	-10.1M
EBITA	9.16M	8.78M	11.07M	5.1M	-10.24M
EBIT	8.66M	8.38M	10.67M	4.9M	-10.34M
EBITDAR	11.24M	10.21M	12.82M	6.13M	-9.25M
Effective Tax Rate - (Ratio)	51.31	56.64	33.04	-82.91	-19.82
Current Domestic Taxes	117K	90K	96K	243K	-203K
Current Foreign Taxes	2.44M	2.7M	2.31M	2.48M	457K
Total Current Taxes	2.56M	2.8M	2.41M	2.72M	254K
Deferred Domestic Taxes	-666K	-335K	-141K	-1.39M	3.82M
Deferred Foreign Taxes	219K	317K	91K	-114K	-
Total Deferred Taxes	-447K	-18K	-50K	-1.5M	3.82M
Normalized Net Income	1.59M	2.08M	4.38M	1.1M	-8.74M
Supplemental Operating Expense Items
Advertising Expense	-	19.55M	9.47M	41.35M	258M
Selling and Marketing Expenses	-	19.55M	9.47M	41.35M	258M
Research And Development Expense From Footnotes	1.2M	1.2M	1.1M	1.4M	1.4M
Net Rental Expense, Total	1.7M	992K	1.25M	915K	851K
Imputed Operating Lease Interest Expense	471K	382K	825K	769K	712K
Imputed Operating Lease Depreciation	1.23M	610K	428K	146K	139K
Stock-Based Comp., Other (Total)	711K	346K	297K	137K	140K
Total Stock-Based Compensation	711K	346K	297K	137K	140K

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Assets
Cash And Equivalents	13.47M	9.34M	10.72M	18.22M	3.26M
Total Cash And Short Term Investments	13.47M	9.34M	10.72M	18.22M	3.26M
Accounts Receivable, Total	52.03M	62.44M	56.64M	20.93M	26.62M
Other Receivables	2.14M	1.27M	3.13M	3.83M	391K
Total Receivables	54.17M	63.71M	59.78M	24.77M	27.01M
Prepaid Expenses	4.38M	7.86M	5.61M	3.01M	1.17M
Deferred Tax Assets Current	-	-	-	-	-
Total Current Assets	72.03M	80.92M	76.11M	46M	31.44M
Gross Property Plant And Equipment	25.02M	26.05M	28.42M	24.63M	31.75M
Accumulated Depreciation	-20.3M	-21.82M	-23.22M	-21.99M	-23.29M
Net Property Plant And Equipment	4.71M	4.23M	5.19M	2.64M	8.46M
Goodwill	4.17M	1.71M	1.38M	856K	856K
Other Intangibles, Total	2.3M	2.04M	1.18M	841K	709K
Deferred Tax Assets Long-Term	4.47M	3.77M	4.69M	4.26M	18K
Other Long-Term Assets, Total	1.35M	1.93M	1.73M	1.83M	2.58M
Total Assets	89.02M	94.6M	90.28M	56.43M	44.06M
Liabilities
Accounts Payable, Total	8.94M	10.59M	9.49M	8.77M	9.34M
Accrued Expenses, Total	11.26M	13.92M	11.7M	1.78M	2.1M
Short-term Borrowings	14.01M	18.24M	16.25M	16.08M	20.44M
Current Portion of Long-Term Debt	300K	2.7M	4.49M	500K	500K
Current Portion of Leases	1.02M	363K	1.16M	276K	643K
Current Income Taxes Payable	2.4M	2.66M	1.6M	137K	1.61M
Unearned Revenue Current, Total	3.9M	2.4M	1.9M	892K	1.22M
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	8.37M	3.68M	1.98M	1.62M	1.87M
Total Current Liabilities	50.21M	54.56M	48.56M	30.05M	37.72M
Long-Term Debt	700K	1.38M	310K	1.72M	1.28M
Long-Term Leases	762K	606K	1.16M	353K	4.4M
Deferred Tax Liability Non Current	-	-	-	-	34K
Total Liabilities	51.67M	56.54M	50.04M	32.12M	43.44M
Preferred Stock Convertible	-	9K	7K	-	-
Total Preferred Equity	-	9K	7K	-	-
Common Stock, Total	213K	229K	232K	234K	241K
Additional Paid In Capital	17.23M	20.71M	21M	19.89M	19.75M
Retained Earnings	7.44M	6.71M	10.61M	7.46M	-17.17M
Treasury Stock	-104K	-285K	-285K	-2.08M	-1.05M
Comprehensive Income and Other	-5.03M	-4.94M	-3.34M	-1.2M	-1.15M
Total Common Equity	19.75M	22.42M	28.22M	24.31M	622K
Minority Interest	17.6M	15.63M	12.02M	-	-
Total Equity	37.35M	38.06M	40.25M	24.31M	622K
Total Liabilities And Equity	89.02M	94.6M	90.28M	56.43M	44.06M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	21.85M	21.85M	24.22M	22.24M	23.5M
ECS Total Common Shares Outstanding	21.27M	22.65M	23.24M	22.24M	23.5M
Book Value / Share	0.93	0.99	1.21	1.09	0.03
Tangible Book Value	13.29M	18.67M	25.66M	22.61M	-943K
Tangible Book Value Per Share	0.62	0.82	1.1	1.02	-0.04
Total Debt	16.79M	23.29M	23.37M	18.93M	27.26M
Net Debt	3.32M	13.94M	12.65M	712K	24M
Debt Equivalent Oper. Leases	13.61M	7.94M	10.02M	7.32M	6.81M
Minority Interest, Total (Incl. Fin. Div)	17.6M	15.63M	12.02M	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	7.06M	7.43M	7.39M	4.65M	4.93M
Full Time Employees	1.83K	1.44K	1.38K	249	245
Part Time Employees	64	69	79	730	976
Accumulated Allowance for Doubtful Accounts (Supple)	564K	1.65M	1.46M	411K	-

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	-1.78M	-732K	3.9M	-3.15M	-24.63M
Depreciation & Amortization - CF	1.51M	1.08M	1.38M	661K	610K
Amortization of Goodwill and Intangible Assets - (CF)	494K	400K	400K	200K	100K
Depreciation & Amortization, Total	2M	1.48M	1.78M	861K	710K
Amortization of Deferred Charges, Total - (CF)	1.2M	1.2M	1.1M	1.3M	1.46M
(Gain) Loss From Sale Of Asset	-	-	408K	-1.35M	47K
Asset Writedown & Restructuring Costs	-	2.46M	-	-	-
Stock-Based Compensation (CF)	711K	346K	297K	137K	140K
Provision and Write-off of Bad Debts	128K	1.09M	88K	128K	-
Other Operating Activities, Total	7.99M	3.85M	1.8M	-1.04M	3.82M
Change In Accounts Receivable	-7.3M	-11.24M	3.23M	-5.66M	-3.9M
Change In Accounts Payable	1.1M	1.72M	-2.96M	6.96M	414K
Change in Other Net Operating Assets	-1.41M	-5.22M	-2.82M	1.14M	3.49M
Cash from Operations	2.63M	-5.04M	6.82M	-665K	-18.44M
Capital Expenditure	-1.72M	-1.8M	-1.24M	-1.14M	-2.98M
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-1.11M	-	1.92M
Investment in Marketable and Equity Securities, Total	-	-	-	11.02M	-
Other Investing Activities, Total	-	-	84K	-	-
Cash from Investing	-1.72M	-1.8M	-2.27M	9.88M	-1.06M
Short Term Debt Issued, Total	77.2M	30.47M	104M	132M	135M
Long-Term Debt Issued, Total	-	3.53M	930K	15K	-
Total Debt Issued	77.2M	34M	105M	132M	135M
Short Term Debt Repaid, Total	-75.45M	-25.65M	-105M	-128M	-131M
Long-Term Debt Repaid, Total	-300K	-454K	-701K	-1.84M	-500K
Total Debt Repaid	-75.75M	-26.1M	-106M	-130M	-131M
Issuance of Common Stock	-	118K	-	-	756K
Repurchase of Common Stock	-	-181K	-	-1.8M	-
Other Financing Activities, Total	-123K	-4.34M	-2.15M	-1.82M	-
Cash from Financing	1.33M	3.49M	-3.02M	-1.66M	4.53M
Foreign Exchange Rate Adjustments	-4.73M	-776K	-158K	-58K	18K
Miscellaneous Cash Flow Adjustments	-	-	-	1K	-
Net Change in Cash	-2.5M	-4.13M	1.37M	7.5M	-14.96M
Supplemental Items
Cash Interest Paid	701K	1.2M	2.33M	2.06M	2.41M
Cash Income Tax Paid (Refund)	2.22M	2.29M	1.58M	277K	149K
Levered Free Cash Flow	5.7M	-8.78M	7M	26.97M	-6.09M
Unlevered Free Cash Flow	6.07M	-8.18M	8.2M	28.36M	-4.64M
Change In Net Working Capital	1.54M	14.65M	396K	-24.14M	-2.55M
Net Debt Issued / Repaid	1.45M	7.9M	-874K	1.96M	3.77M

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Profitability
Return on Assets	6.26	5.71	7.21	4.17	-12.86
Return on Total Capital	9.86	9.07	10.67	5.73	-18.17
Return On Equity %	5.27	5.64	12.2	-8.32	-197.58
Return on Common Equity	-8.49	-3.47	15.41	-11.99	-197.58
Margin Analysis
Gross Profit Margin %	18.58	19.52	21.12	19.54	15.94
SG&A Margin	14.38	15.54	16.29	16.23	22.33
EBITDA Margin %	3.73	3.53	4.4	2.65	-7.42
EBITA Margin %	3.58	3.36	4.21	2.59	-7.52
EBIT Margin %	3.39	3.21	4.06	2.49	-7.59
Income From Continuing Operations Margin %	0.78	0.81	1.82	-1.37	-18.09
Net Income Margin %	-0.7	-0.28	1.48	-1.6	-18.09
Net Avail. For Common Margin %	-0.7	-0.28	1.48	-1.6	-18.09
Normalized Net Income Margin	0.62	0.8	1.67	0.56	-6.42
Levered Free Cash Flow Margin	2.23	-3.36	2.67	13.7	-4.47
Unlevered Free Cash Flow Margin	2.37	-3.13	3.12	14.41	-3.41
Asset Turnover
Asset Turnover	2.96	2.85	2.84	2.68	2.71
Fixed Assets Turnover	49.15	58.45	55.76	50.21	24.51
Receivables Turnover (Average Receivables)	5.31	4.56	4.41	5.07	5.73
Short Term Liquidity
Current Ratio	1.43	1.48	1.57	1.53	0.83
Quick Ratio	1.35	1.34	1.45	1.43	0.8
Operating Cash Flow to Current Liabilities	0.05	-0.09	0.14	-0.02	-0.49
Days Sales Outstanding (Average Receivables)	68.75	79.96	82.71	72.13	63.75
Average Days Payable Outstanding	14.73	16.95	17.68	21.1	28.89
Long Term Solvency
Total Debt/Equity	44.96	61.19	58.06	77.89	4.38K
Total Debt / Total Capital	31.02	37.96	36.73	43.79	97.77
LT Debt/Equity	3.91	5.21	3.65	8.54	913.02
Long-Term Debt / Total Capital	2.7	3.23	2.31	4.8	20.36
Total Liabilities / Total Assets	58.04	59.77	55.42	56.93	98.59
EBIT / Interest Expense	14.81	8.69	5.56	2.2	-4.28
EBITDA / Interest Expense	19.22	10.58	6.68	2.76	-3.83
(EBITDA - Capex) / Interest Expense	16.28	8.72	6.03	2.25	-5.06
Total Debt / EBITDA	1.49	2.28	1.82	3.09	-2.95
Net Debt / EBITDA	0.3	1.37	0.99	0.12	-2.59
Total Debt / (EBITDA - Capex)	1.76	2.77	2.02	3.79	-2.23
Net Debt / (EBITDA - Capex)	0.35	1.66	1.09	0.14	-1.96
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	10.93	2.17	0.57	-25.09	-16.82
Gross Profit, 1 Yr. Growth %	5.16	7.34	8.76	-30.68	-35.43
EBITDA, 1 Yr. Growth %	-10.4	-4.15	25.51	-54.94	-370.25
EBITA, 1 Yr. Growth %	-10.23	-4.86	25.99	-53.94	-377.77
EBIT, 1 Yr. Growth %	-10.91	-4	27.23	-54.09	-396.59
Earnings From Cont. Operations, 1 Yr. Growth %	-77.68	6.3	124.65	-156.26	1.26K
Net Income, 1 Yr. Growth %	-152.84	-58.85	-633.06	-180.73	681.78
Normalized Net Income, 1 Yr. Growth %	688.7	-278.32	110.43	-74.82	-3.76K
Diluted EPS Before Extra, 1 Yr. Growth %	-152.45	-60.42	-583.28	-183.58	702.03
Accounts Receivable, 1 Yr. Growth %	17.42	20.01	-9.28	-63.05	27.15
Net Property, Plant and Equip., 1 Yr. Growth %	-17.3	-10.19	22.79	-49.08	219.92
Total Assets, 1 Yr. Growth %	5.93	6.27	-4.56	-37.49	-21.92
Tangible Book Value, 1 Yr. Growth %	-17.68	40.48	37.42	-11.88	-104.17
Common Equity, 1 Yr. Growth %	-10.87	13.5	25.88	-13.87	-97.44
Cash From Operations, 1 Yr. Growth %	-70.13	-291.86	-235.23	-109.75	2.67K
Capital Expenditures, 1 Yr. Growth %	7.62	4.36	-30.88	-8.29	163.77
Levered Free Cash Flow, 1 Yr. Growth %	-40.54	-252.81	-179.72	285.16	-118.98
Unlevered Free Cash Flow, 1 Yr. Growth %	-39.45	-233.8	-200.26	245.77	-113.88
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	0.56	6.46	1.36	-13.21	-14.89
Gross Profit, 2 Yr. CAGR %	-1.77	6.25	8.05	-13.17	-30.13
EBITDA, 2 Yr. CAGR %	-7.19	-6.98	9.68	-24.79	15.5
EBITA, 2 Yr. CAGR %	-7.36	-7.19	9.48	-23.83	18.86
EBIT, 2 Yr. CAGR %	-7.81	-7.14	10.52	-23.57	22.88
Earnings From Cont. Operations, 2 Yr. CAGR %	-41.44	-51.29	54.53	12.42	223.65
Net Income, 2 Yr. CAGR %	-14.24	-53.37	48.1	107.44	151.22
Normalized Net Income, 2 Yr. CAGR %	-19.8	221.5	93.71	-27.21	120.77
Diluted EPS Before Extra, 2 Yr. CAGR %	-12.79	-54.44	38.3	100.98	316.86
Accounts Receivable, 2 Yr. CAGR %	5.73	18.71	4.34	-42.1	-18.43
Net Property, Plant and Equip., 2 Yr. CAGR %	-22.27	-13.82	5.01	-20.92	34.93
Total Assets, 2 Yr. CAGR %	5.79	6.1	0.71	-22.76	-30.14
Tangible Book Value, 2 Yr. CAGR %	3.63	7.54	38.94	10.04	-80.86
Common Equity, 2 Yr. CAGR %	2.08	0.58	19.53	4.13	-85.15
Cash From Operations, 2 Yr. CAGR %	-34.6	-24.3	61.08	-63.69	64.43
Capital Expenditures, 2 Yr. CAGR %	11.79	5.98	-15.07	-20.39	57.93
Levered Free Cash Flow, 2 Yr. CAGR %	8.49	-4.3	10.37	75.23	88.28
Unlevered Free Cash Flow, 2 Yr. CAGR %	5.05	-9.66	15.82	86.19	279.09
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	3.72	1.09	4.46	-8.36	-19.54
Gross Profit, 3 Yr. CAGR %	2.38	1.18	7.08	-6.81	-24.8
EBITDA, 3 Yr. CAGR %	27.19	-5.95	2.79	-18.46	3.1
EBITA, 3 Yr. CAGR %	28.67	-6.27	2.76	-17.97	5.23
EBIT, 3 Yr. CAGR %	32.43	-6.3	3.14	-17.54	7.23
Earnings From Cont. Operations, 3 Yr. CAGR %	6.88	-28.57	-18.93	10.34	126.26
Net Income, 3 Yr. CAGR %	4.68	-32.86	5.04	20.98	222.82
Normalized Net Income, 3 Yr. CAGR %	7.18	-5.54	179.14	-1.88	61.37
Diluted EPS Before Extra, 3 Yr. CAGR %	3.71	-32.98	0.1	16.93	215.79
Accounts Receivable, 3 Yr. CAGR %	6.89	10.29	8.53	-26.18	-24.74
Net Property, Plant and Equip., 3 Yr. CAGR %	16.88	-18.44	-3.02	-17.5	26
Total Assets, 3 Yr. CAGR %	8.81	5.95	2.42	-14.1	-22.49
Tangible Book Value, 3 Yr. CAGR %	13.13	14.69	16.7	19.38	-63.04
Common Equity, 3 Yr. CAGR %	6.62	5.75	8.39	7.16	-69.73
Cash From Operations, 3 Yr. CAGR %	8.65	-6.38	-8.14	-36.76	54.06
Capital Expenditures, 3 Yr. CAGR %	2.01	9.25	-8.1	-12.87	18.34
Levered Free Cash Flow, 3 Yr. CAGR %	16.91	21.93	-9.96	67.41	-11.51
Unlevered Free Cash Flow, 3 Yr. CAGR %	28.13	14.16	-6.47	66.77	-17.22
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	13.74	7.57	2.77	-4.89	-10
Gross Profit, 5 Yr. CAGR %	9.97	6.76	4.61	-4.83	-13.65
EBITDA, 5 Yr. CAGR %	25.2	12.94	20.06	-14	-1.05
EBITA, 5 Yr. CAGR %	27.18	13.24	20.82	-13.73	0.07
EBIT, 5 Yr. CAGR %	31.51	15.44	23.39	-13.63	1.23
Earnings From Cont. Operations, 5 Yr. CAGR %	2.64	12.55	23.87	-14.36	22.4
Net Income, 5 Yr. CAGR %	59.38	-4.53	20.26	5.42	48.88
Normalized Net Income, 5 Yr. CAGR %	49.88	33.19	27.7	-14.89	112.6
Diluted EPS Before Extra, 5 Yr. CAGR %	58.36	-5.86	16.37	3.98	45.57
Accounts Receivable, 5 Yr. CAGR %	9.79	12.3	5.87	-14.77	-9.69
Net Property, Plant and Equip., 5 Yr. CAGR %	13.18	9.3	11.98	-19.44	8.24
Total Assets, 5 Yr. CAGR %	10.17	10.28	5.49	-6.63	-12.11
Tangible Book Value, 5 Yr. CAGR %	-3.02	2.9	22.83	12.81	-43.34
Common Equity, 5 Yr. CAGR %	0.08	2.67	11.6	5.1	-51.06
Cash From Operations, 5 Yr. CAGR %	14.38	-5.72	27.18	-35.9	15.95
Capital Expenditures, 5 Yr. CAGR %	2.06	4.41	-5.2	-3.74	13.23
Levered Free Cash Flow, 5 Yr. CAGR %	31.8	7.68	14.43	40.96	-8.69
Unlevered Free Cash Flow, 5 Yr. CAGR %	35.05	5.43	23.24	38.83	-14.28