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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net revenues $ 38,629 $ 43,402 $ 72,671 $ 92,799
Cost of revenue:        
Field Management 3,106 2,460 5,440 4,701
Direct Expenses 26,461 31,978 50,893 69,422
Total cost of revenue 29,567 34,438 56,333 74,123
Gross profit 9,062 8,964 16,338 18,676
Selling, general and administrative expense 7,934 8,068 13,807 15,773
(Gain) loss on sale of business 0 1,411 0 (5,746)
Depreciation and amortization 413 451 780 926
Operating income (loss) 715 (966) 1,751 7,723
Interest expense 589 590 1,058 1,066
Other (income) expense, net 7 (296) (2) (288)
Income (loss) before income tax expense 119 (1,260) 695 6,945
Income tax expense 120 934 234 2,327
Income (loss) from continuing operations (1) (2,194) 461 4,618
Discontinued Operations        
Income from discontinued operations 0 (552) 0 (1,381)
Loss on disposal of business 0 1,188 0 1,188
Income tax expense 0 (613) 0 (1,074)
Net loss from discontinued operations 0 (1,249) 0 (881)
Net income (loss) (1) (3,443) 461 3,737
Net income attributable to non-controlling interest 0 (448) 0 (1,002)
Net income (loss) attributable to SPAR Group, Inc. $ (1) $ (3,891) $ 461 $ 2,735
Basic earnings (loss) per common share attributable to SPAR Group, Inc. from continuing operations (in dollars per share) $ 0 $ (0.12) $ 0.02 $ 0.15
Diluted earnings (loss) per common share attributable to SPAR Group, Inc. from continuing operations (in dollars per share) 0 (0.11) 0.02 0.16
Basic loss per common share attributable to SPAR Group, Inc. from discontinued operations (in dollars per share) 0 (0.05) 0 (0.04)
Diluted loss per common share attributable to SPAR Group, Inc. from discontinued operations (in dollars per share) 0 (0.05) 0 (0.04)
Basic earnings (loss) per common share attributable to SPAR Group, Inc. (in dollars per share) 0 (0.17) 0.02 0.11
Diluted earnings (loss) per common share attributable to SPAR Group, Inc. (in dollars per share) $ 0 $ (0.16) $ 0.02 $ 0.12
Weighted-average common shares outstanding – basic (in shares) 23,470 23,786 23,460 23,670
Weighted-average common shares outstanding – diluted (in shares) 23,499 24,010 23,532 23,873
Net income (loss) $ (1) $ (3,443) $ 461 $ 3,737
Other comprehensive income (loss)        
Foreign currency translation adjustments 160 1,372 71 (1,148)
Comprehensive income (loss) 159 (2,071) 532 2,589
Comprehensive (income) loss attributable to non-controlling interest 0 (393) 0 97
Comprehensive income (loss) attributable to SPAR Group, Inc. $ 159 $ (2,464) $ 532 $ 2,686