SPAR Group, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $136.1M | $163.6M | $187.9M | $261.3M | $255.7M | $230.5M | $252.9M | $229.2M |
| Cost of Revenue | $114.4M | $130.0M | $138.2M | $201.5M | $200.8M | $185.3M | $203.6M | $184.9M |
| Gross Profit | $21.7M | $33.6M | $44.4M | $51.0M | $47.5M | $45.2M | $49.3M | $44.3M |
| Gross Margin | 15.9% | 20.5% | 23.7% | 19.5% | 18.6% | 19.6% | 19.5% | 19.3% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $32.2M | $33.9M | $36.6M | $41.1M | $36.8M | $33.3M | $36.9M | $38.4M |
| Operating Income | $-16.9M | $700.0K | $5.6M | $5.4M | $4.2M | $9.7M | $10.2M | $3.7M |
| Operating Margin | -12.4% | 0.4% | 3.0% | 2.1% | 1.6% | 4.2% | 4.0% | 1.6% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-20.6M | $-1.7M | $3.0M | — | — | — | — | — |
| Income Tax Expense | $4.1M | $144.0K | $648.0K | $2.8M | $2.1M | $312.0K | $3.6M | $1.4M |
| Net Income | $-24.6M | $-3.2M | $3.9M | $-732.0K | $2.0M | $3.4M | $2.4M | $-1.6M |
| Net Margin | -18.1% | -1.9% | 2.1% | -0.3% | 0.8% | 1.5% | 1.0% | -0.7% |
| EPS (Basic) | $-1.04 | $-0.13 | $0.17 | $-0.03 | $-0.08 | $0.16 | $0.12 | $-0.07 |
| EPS (Diluted) | $-1.04 | $-0.13 | $0.16 | $-0.03 | $-0.08 | $0.16 | $0.11 | $-0.07 |
| Shares Outstanding (Basic) | 23.6M | 23.6M | 23.3M | 22.1M | 21.3M | 21.1M | 20.9M | 20.7M |
| Shares Outstanding (Diluted) | 23.6M | 23.6M | 24.5M | 22.1M | 21.3M | 21.2M | 21.2M | 20.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |