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

SPAR Group, Inc. reported a net income of $50,000 for the third quarter of fiscal 2026, marking the second consecutive quarter of profitability despite a 19.0% year-over-year decline in net revenues to $33.5 million. Gross margins expanded to 18.9% driven by a shift toward higher-quality services, while selling, general, and administrative expenses decreased by 39.0% to $5.6 million due to cost reduction initiatives. The company generated $1.4 million in Adjusted EBITDA for the quarter and $4.3 million for the nine-month period, ending the quarter with $4.7 million in cash and cash equivalents. Additionally, SPAR Group announced a new three-year services agreement with a national retailer to begin in 2027 and adjusted its full-year 2026 revenue guidance to a range of $125 million to $130 million.