← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
SPAR Group's exit from most international operations left a smaller business with falling revenue, deep losses, cash burn and material weaknesses.
The read at a glance✓ Audited against SEC data
- Growth — Revenue declined 16.8%Watch
- Profitability — The net loss widened from $3.15M to $24.626MWatch
- Cash flow — Free cash flow remained negative, with the outflow widening from $1.794M to $21.421MWatch
- Margins — Operating margin contracted 1285 bps to -12.42%Watch
- Accounting — Portfolio exit, discontinued operations and controlsWatch
- Insiders — 3 purchases and 2 salesOK
Business
SPAR Group provides merchandising, store-remodel, assembly and brand-marketing services to retailers and consumer-products companies.
Where the revenue comes from
Fiscal 2024, as SPAR Group, Inc. reports it. History and quarterly detail are in the app.
- Product and Service, Excluding Other$131.8M
- Product and Service, Other$31.8M
Leadership changes
From SPAR Group, Inc.'s own filings, the day they're filed.
- Lutz Release · departureeff. 2025-09-08
- Michael Matacunas Retirement On · Chief Executive Officer · departureeff. 2025-08-25
- Michael R. Matacunas · Chief Executive Officer · departureeff. 2025-08-25
Latest filings
- 8-K · Company announcement2026-08-13
- 10-Q · Quarterly report2026-08-13
- 8-K · Company announcement2026-08-12
- 8-K · Company announcement2026-07-23
- 8-K · Company announcement2026-07-15
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about SPAR Group, Inc., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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