Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $134M | $181M | $229M | $253M | $231M | $256M | $261M | $263M | $164M | $136M |
| Revenue growth | — | 35.0% | 26.4% | 10.3% | -8.8% | 10.9% | 2.2% | 0.6% | -37.7% | -16.8% |
| Gross profit | $29.5M | $36.8M | $44.3M | $49.3M | $45.2M | $47.5M | $51.0M | $55.5M | $33.6M | $21.7M |
| Gross margin | 22.0% | 20.3% | 19.3% | 19.5% | 19.6% | 18.6% | 19.5% | 21.1% | 20.5% | 15.9% |
| Operating income | $2.20M | $4.09M | $3.73M | $10.2M | $9.72M | $4.18M | $5.39M | $9.40M | $700K | -$16.9M |
| Operating margin | 1.6% | 2.3% | 1.6% | 4.0% | 4.2% | 1.6% | 2.1% | 3.6% | 0.4% | -12.4% |
| Net income | $173K | -$923K | -$1.55M | $2.42M | $3.37M | -$1.78M | -$732K | $3.90M | -$3.15M | -$24.6M |
| Net margin | 0.1% | -0.5% | -0.7% | 1.0% | 1.5% | -0.7% | -0.3% | 1.5% | -1.9% | -18.1% |
| EPS (diluted) | $0.01 | -$0.04 | -$0.07 | $0.11 | $0.16 | -$0.08 | -$0.03 | $0.16 | -$0.13 | -$1.04 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.34M | $6.77M | $2.05M | $6.15M | $8.80M | $2.63M | -$5.04M | $6.82M | -$665K | -$18.4M |
| Capital expenditures | $1.55M | $1.45M | $1.62M | $1.38M | $1.60M | $1.72M | $1.80M | $1.24M | $1.13M | $2.98M |
| Free cash flow | -$212K | $5.32M | $428K | $4.77M | $7.20M | $907K | -$6.84M | $5.58M | -$1.79M | -$21.4M |
| Share buybacks | $12.0K | $121K | — | — | — | $0.00 | $181K | $0.00 | $1.80M | $0.00 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $7.32M | $8.83M | $7.11M | $10.5M | $16.0M | $13.5M | $9.35M | $10.7M | $18.2M | $3.26M |
| Total assets | $54.9M | $58.0M | $69.1M | $79.5M | $84.0M | $89.0M | $94.6M | $90.3M | $56.4M | $44.1M |
| Total liabilities | $29.8M | $32.4M | $44.3M | $48.2M | $45.4M | $51.7M | $56.5M | $50.0M | $32.1M | $43.4M |
| Long-term debt | $4.00K | $107K | $1.81M | $1.30M | $1.00M | $700K | $1.38M | $310K | $1.72M | $1.28M |
| Shareholders' equity | $25.1M | $25.6M | $24.8M | $31.4M | $38.6M | $37.3M | $38.1M | $40.2M | $24.3M | $622K |
| Retained earnings | $5.83M | $4.98M | $3.43M | $5.85M | $9.22M | $7.44M | $6.71M | $10.6M | $7.46M | -$17.2M |
| Shares (wtd avg diluted) | 21.3M | 20.6M | 20.7M | 21.2M | 21.2M | 21.3M | 22.1M | 24.5M | 23.6M | 23.6M |
Every figure is extracted from SPAR Group, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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