SPAR Group, Inc.
SGRP · Services-Business Services, NEC · 25.1M shares · +3%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $2M (gross $2M, SBC $137K)
Reference price $0.85 · est. market cap ~$21M — last insider sale, 2026-06-11 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D49gen composite 17pct→49; net + operating loss
Notable findings
- Net lossNet loss (net margin -18.1%)
- High leverageHigh leverage (debt/equity 34.93)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Weak liquidityCurrent ratio 0.83 (<1)
- Auditor changeRecent 8-K item 4.01 8-K ↗
- Notable holderHeld by 3 notable fund(s): RENAISSANCE TECHNOLOGIES LLC, CITADEL ADVISORS LLC, STATE STREET CORP (as of 2026-03-31)
- Revenue declineRevenue -10.3% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
15.9%
Operating margin
-12.4%
Net margin
-18.1%
Return on equity
-3959.2%
Return on assets
-55.9%
ROIC
-59.8%
Revenue growth (QoQ)
-10.3%
Debt / equity
34.9×
Current ratio
0.8×
EBITDA
-$15M
Tangible book value
-$943K
Cash & investments
$3M
Stock comp / revenue
0.1%
Leadership & compensation
| Name | Role | Latest total comp |
|---|---|---|
| Matacunas Mike R. | Chief Executive Officer | — |
| Hennen Steven Michael | Chief Financial Officer | — |
| Linnane William | President | — |
| BARTELS WILLIAMS H | Director | — |
Officers & directors from SEC filings (Form 4 + DEF 14A proxy); compensation is the latest reported fiscal year.
Insider transactions · last 6 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-24 | BROWN ROBERT G/ | Gift | 4.0K | — |
| 2026-06-11 | BROWN ROBERT G/ | Sell | 10K | $0.85 |
| 2026-05-01 | Hennen Steven Michael | Buy | 78K | $0.64 |
| 2026-03-10 | BROWN ROBERT G/ | Gift | 100 | — |
| 2026-03-10 | BROWN ROBERT G/ | Gift | 100 | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-07-06 | Other | filing ↗ |
| 2026-06-16 | Shareholder vote | filing ↗ |
| 2026-06-03 | Material agreement3.02Exhibits | filing ↗ |
| 2026-05-12 | ResultsExhibits | filing ↗ |
| 2026-05-05 | Material agreementExhibits | filing ↗ |
| 2026-04-13 | Auditor changeExhibits | filing ↗ |
| 2026-04-08 | Delisting noticeExhibits | filing ↗ |
| 2026-03-31 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-07-06 | 2026-07-06 | 0001437749-26-022758 ↗ |
| DEF 14A | 2026-06-26 | 2026-07-06 | 0001437749-26-021765 ↗ |
| 8-K | 2026-06-16 | 2026-06-11 | 0001437749-26-020811 ↗ |
| 8-K | 2026-06-03 | 2026-05-29 | 0001437749-26-019390 ↗ |
| 10-Q | 2026-05-12 | 2026-03-31 | 0001437749-26-016247 ↗ |
| 8-K | 2026-05-12 | 2026-05-12 | 0001437749-26-016244 ↗ |
| 8-K | 2026-05-05 | 2026-05-01 | 0001437749-26-014906 ↗ |
| DEF 14A | 2026-04-30 | 2026-06-11 | 0001437749-26-013992 ↗ |
| 8-K | 2026-04-13 | 2026-04-07 | 0001437749-26-012159 ↗ |
| 8-K | 2026-04-08 | 2026-04-02 | 0001437749-26-011684 ↗ |
| 10-K | 2026-03-31 | 2025-12-31 | 0001437749-26-010508 ↗ |
| 8-K | 2026-03-31 | 2026-03-31 | 0001437749-26-010507 ↗ |