SPAR Group reports Q1 2026: Revenues $30.5M, gross margin 22.3%, positive EBITDA
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SPAR Group reported Q1 2026 results with revenues of $30.5 million and a gross margin of 22.3%. The company achieved positive Adjusted EBITDA of $0.7 million despite a GAAP net loss of $0.553 million. Management maintained full-year guidance for net sales between $143–$151 million and aims for 25% gross margins in 18–24 months. U.S. merchandising revenue rose 5%, while Canada revenue increased by 3%. Working capital was positive at $18 million, with cash and equivalents of $4.3 million as of March 31, 2026.
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