SPAR Group Inc. reported net revenues of $114.1 million for the first nine months of 2025. Net revenues for the U.S. and Canada increased by 12.6% on a comparable basis. Consolidated gross margin was 21.1% of sales, up from 20.8% in the prior year period. Adjusted EBITDA attributable to SPAR Group Inc. was $2.9 million, or 2.5% of sales, compared to $4.3 million, or 3.3% of sales, in the prior year period. GAAP net loss attributable to SPAR Group Inc. was ($8.3) million, or ($0.35) per diluted share, compared to a net income of $2.6 million, or $0.11 per diluted share, in the first nine months of 2024. The company amended and expanded its revolving credit facilities to $36 million, with an extension to October 2027. Total liquidity at the end of the quarter was $10.4 million, including $8.2 million in cash and cash equivalents and $2.2 million of unused capacity.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SPAR Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-25-035593), on November 18, 2025, and is solely responsible for the information contained therein.
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