Earnings Releases·Nov 13, 2026, 8:33 AM ET

SPAR Group, Inc. — Third Quarter Fiscal 2026 Earnings Summary

Net revenues declined 19.0% year-over-year to $33.5 million for Q3 and 11.5% to $101 million for the nine months ended September 30, 2026, driven by lower U.S. remodel activity and retail sector capital spend slowdowns.
The company returned to profitability with Q3 net income of $50 thousand and Adjusted EBITDA of $1.4 million, while SG&A expenses fell 39.0% year-over-year to $5.6 million due to disciplined cost management.
Full-year 2026 net revenue guidance was lowered to $125 million–$130 million (from $136 million in 2025), though gross margin guidance was raised to 20.0%–22.0% and SG&A costs reduced to $23.5 million–$25.0 million.
Total debt increased to $30.8 million as of September 30, 2026, from $21.7 million at year-end 2025, while the company signed a three-year services agreement effective in 2027 and formed a strategic "Touchless Retail" partnership with ReposiTrak.