Event-Driven Stocks

SPAR Group, Inc.

SGRPNasdaq

Industrials · Services-Business Services, NEC · DE · SEC filings ↗ · Compare ⊕

View price & chart on Yahoo Finance ↗
Signs● 1 good● 5 warning● 2 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21FY20
Revenue$136.1M$163.6M$262.7M$261.3M$255.7M$230.5M
Operating income−$16.9M$700,000$9.4M$5.4M$4.2M$9.7M
Net income−$24.6M−$3.1M$3.9M−$732,000−$1.8M$3.4M
Total assets$44.1M$56.4M$90.3M$94.6M$89.0M$84.0M
Total liabilities$43.4M$32.1M$50.0M$56.5M$51.7M$45.4M
Equity$622,000$29.4M$28.2M$22.4M$19.8M$22.2M
EPS (diluted)$-1.04$-0.13$0.16$-0.03$-0.08$0.16
Shares out.23.4M24.2M21.8M21.8M21.3M21.1M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
−12.4%
Net margin
−18.1%
Return on equity
−3959.2%
Return on assets
−55.9%
Return on capital (ROCE)
−266.8%
Liabilities / assets
98.6%
Debt / equity
69.83×
Book value / share
$0.03
Revenue growth (YoY)
−16.8%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
-4.77distress
Accruals / assets
−14.0%clean
Beneish M-Score
-2.92normal
Piotroski F-Score
3/9weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
32
/ 100
Profitability 0Growth 0Catalyst 67Earnings quality 67Financial strength 25

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 2 severe● 5 warning● 1 good
  • Altman Z″ in the distress zone
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Revenue declined year-over-year
  • High leverage (liabilities > 70% of assets)
  • Negative operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

Insider transactions

SEC Form 4 · most recent
8 acquisitions4 disposals5 open-market buy(s)net +578,777 shares · last 12
InsiderDateTypeSharesPrice
Hennen Steven MichaelOfficer — Chief Financial OfficerMay 1, 2026Buy78,000$0.64
Brown Robert G/10% ownerMar 10, 2026Gift100—
Hennen Steven MichaelOfficer — Chief Financial OfficerDec 19, 2025Buy55,000$0.78
Linnane WilliamOfficer — PresidentOct 3, 2025Buy173,000$1.02
Linnane WilliamOfficer — PresidentAug 2, 2022Tax withholding8,973$1.15
Brown Robert G/10% ownerSep 25, 2025J454,355—
Matacunas Mike R.Officer — Chief Executive OfficerSep 2, 2025Option exercise96,154$0.00
Bartels Williams HDirectorJun 24, 2025J600,000$0.00
Matacunas Mike R.Officer — Chief Executive OfficerMay 15, 2025Option exercise40,051$0.00
Brown Robert G/10% ownerMay 12, 2025Sell6,000$1.05
Brown Robert G/10% ownerApr 21, 2025Buy1,000$1.09
Brown Robert G/10% ownerApr 15, 2025Buy5,000$1.10

Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 202641,0941.0-3.7%
Apr 30, 202642,6871.1-41.2%
Apr 15, 202672,6391.2+180.0%
Mar 31, 202625,9431.0-31.1%
Mar 13, 202637,6501.0-7.4%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (2)