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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Net revenues $ 41,416 $ 37,788 $ 114,087 $ 130,586
Cost of revenue:        
Field management 2,048 2,569 7,489 6,681
Direct expenses 31,678 26,777 82,570 96,795
Total cost of revenue 33,726 29,346 90,059 103,476
Gross profit 7,690 8,442 24,028 27,110
Selling, general and administrative expense 9,187 8,558 22,994 24,322
Restructuring costs and severance 4,018 0 4,018 0
Loss (gain) on sale of business 0 960 0 (4,786)
Depreciation and amortization 404 454 1,185 1,380
Operating (loss) income (5,919) (1,530) (4,169) 6,194
Interest expense 663 582 1,721 1,647
Other expense, net 463 472 460 184
(Loss) income before income tax (benefit) expense (7,045) (2,584) (6,350) 4,363
Income tax (benefit) expense 1,719 (2,314) 1,953 14
(Loss) income from continuing operations (8,764) (270) (8,303) 4,349
Discontinued Operations        
Income from discontinued operations 0 0 0 (1,381)
Loss on disposal of business 0 0 0 1,188
Income tax expense 0 0 0 (1,074)
Net loss from discontinued operations 0 0 0 (881)
Net (loss) income (8,764) (270) (8,303) 3,468
Net loss (income) attributable to non-controlling interest 0 88 0 (914)
Net (loss) income attributable to SPAR Group, Inc. $ (8,764) $ (182) $ (8,303) $ 2,554
Basic (loss) earnings per common share attributable to SPAR Group, Inc. from continuing operations (in dollars per share) $ (0.37) $ (0.01) $ (0.35) $ 0.15
Diluted (loss) earnings per common share attributable to SPAR Group, Inc. from continuing operations (in dollars per share) (0.37) (0.01) (0.35) 0.15
Basic loss per common share attributable to SPAR Group, Inc. from discontinued operations (in dollars per share) 0 0 0 (0.04)
Diluted loss per common share attributable to SPAR Group, Inc. from discontinued operations (in dollars per share) 0 0 0 (0.04)
Basic (loss) earnings per common share attributable to SPAR Group, Inc. (in dollars per share) (0.37) (0.01) (0.35) 0.11
Diluted (loss) earnings per common share attributable to SPAR Group, Inc. (in dollars per share) $ (0.37) $ (0.01) $ (0.35) $ 0.11
Weighted-average common shares outstanding – basic (in shares) 23,648 23,435 23,523 23,591
Weighted-average common shares outstanding – diluted (in shares) 23,696 23,435 23,567 23,768
Net (loss) income $ (8,764) $ (270) $ (8,303) $ 3,468
Other comprehensive (loss) income        
Foreign currency translation adjustments (64) (72) 7 (1,220)
Comprehensive (loss) income (8,828) (342) (8,296) 2,248
Comprehensive loss attributable to non-controlling interest 0 45 0 142
Comprehensive (loss) income attributable to SPAR Group, Inc. $ (8,828) $ (297) $ (8,296) $ 2,390