SPAR Group Third-Quarter Net Revenues of 33.5 Million Dollars Fell 19 Percent: Gross Margin Rose to 18.9 Percent and Adjusted EBITDA Reached 1.4 Million Dollars
Merchandising and sales services company SPAR Group reported financial results for the periods ended September 30, 2026 on November 13, 2026. All figures below are from the body of the company's results release, and this report offers no investment advice.
Net revenues were 33.5 million dollars, down 19.0 percent year over year.
Gross margin expanded to 18.9 percent of sales, up from 18.6 percent in the prior year, driven by the mix of services in the United States. Selling, general and administrative expenses declined 39.0 percent year over year to 5.6 million dollars, reflecting cost reduction initiatives and organizational restructuring.
Net income was 50 thousand dollars, or 0.00 dollars per diluted share, compared to a net loss of 8.8 million dollars, or 0.37 dollars per diluted share, in the third quarter of fiscal 2025. Non-GAAP adjusted diluted income per common share was 0.01 dollars. Adjusted EBITDA was 1.4 million dollars, compared to 90 thousand dollars in the prior year. The company ended the quarter with 4.7 million dollars of cash and cash equivalents.
Source: SPAR Group
Published by GSM · USA (original Chinese edition)
Photo: 图：零售卖场货架通道（SPAR Group相关资料图）。PattayaPatrol，CC BY-SA 4.0，Wikimedia Commons。 / Photo: A retail store aisle. PattayaPatrol, CC BY-SA 4.0, via Wikimedia Commons.
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