Reading SGRP? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track SGRP free→Reading SGRP? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track SGRP free→NASDAQIndustrialsSpecialty Business ServicesSnapshot 2026-06-15
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is weak. Earnings quality cannot be assessed since the company was unprofitable over the past year. Management's recent track record has been unsteady, with frequent changes. Risk is high, and the sector backdrop is a headwind. Compared with sector peers, SGRP trades below typical levels. Peer multiples imply a price about 89% above where it trades (it looks cheap on this basis); the read is cheap, value-trap risk. This pattern occurs because it trades below peer multiples, but recent financials are weak. The read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 1 valuation methods, at three horizons. Current price $0.83. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $0.83 SGRP trades at 0× p/s, below its 2× p/s peer median. Our $7.46 fair value sits above the price; low confidence. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The price implies about 89% below a flat-multiple fair value, below our forecast of about -19%. This describes what's priced in, not a forecast of the move.
TTM earnings are negative, so the read leans on sales- and cash-flow-based methods rather than P/E. This is a data condition, not a forward call.
No fragility gates fired.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Industrials names rated weak grew net income 58% of the time over the next year (vs 62% for the rest of the cohort, n=3678).
Over the trailing year it converted 0.71x of net income into operating cash flow.
Not enough signal yet.
Not enough signal to read sensitivity to the US dollar, the broad stock market, long-term interest rates, Fed net liquidity, real (inflation-adjusted) rates.
21 material management or governance events in the past 24 months, led by legal/regulatory items. Historically, Industrials names rated volatile grew net income 59% of the time over the next year (vs 59% for the rest of the cohort, n=840).
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
via XLI
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$164.
How much price usually moves either way.
On a bad day, this stock has moved -$374.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $6,050.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-15
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: The result of this lawsuit can affect the company's image and finances.
Confirms:A positive outcome or settlement of the lawsuit.
Disproves:A negative ruling or worsening of the lawsuit.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for SGRP yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
of this Current Report on Form 8-K is incorporated herein by reference. Forward Looking Statements This Current Report on Form 8-K (this " Current Report ") contains forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, made by, or respecting, SPAR Group, Inc. (the " Corporation " or " SGRP ") and its subsidiaries (together with SGRP, " SPAR ", " SPAR Group " or the " Company "). "Forward-looking statements" are defined in Sect…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Looks cheaper than most peers in the same business.
Self-history needs ~20 months of data.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Diversified Support Services.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
SGRP SPAR Group Inc | Below typical Show detailsSector percentile: 8 of 100 | inexpensive | high |
CTAS Cintas | Above typical Show detailsSector percentile: 83 of 100 | expensive | moderate |
CPRT Copart | Above typical Show detailsSector percentile: 87 of 100 | fair | elevated |
RBA RB Global | Above typical Show detailsSector percentile: 71 of 100 | full | moderate |
ULS UL Solutions | Above typical Show detailsSector percentile: 80 of 100 | expensive | moderate |
Not investment advice. As of 2026-06-15.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-15.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Management aims to improve gross margins to a range of 20.5% to 22.5% for the fiscal year 2026.
Management has set a revenue target range of $143 million to $151 million for the fiscal year 2026.
Management aims to control selling, general, and administrative costs to a range of $25.5 million to $26.5 million for 2026.
Why it matters: Achieving this margin target shows the company is improving its cost structure. It can boost investor confidence.
Confirms:Gross margins reported at or above 20.5%.
Disproves:Gross margins reported below 20.5%.
Why it matters: Reaching this revenue target shows strong growth and high demand for services.
Confirms:Revenue reported within the range of $143M-$151M.
Disproves:Revenue reported below $143M.
Why it matters: Keeping SG&A costs in check is crucial for profitability. High costs can hurt margins.
Confirms:SG&A costs reported below $25.5M.
Disproves:SG&A costs reported above $26.5M.
Unregistered Sales of Equity Securities. The information set forth in
Results of Operations and Financial Condition. On May 12, 2026, the Company announced its financial results for the first quarter ended March 31, 2026. A copy of the press release announcing this event is attached to and included in this Form 8-K as Exhibit 99.1. Forward Looking Statements This Current Report on Form 8-K (this " Current Report ") contains forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, made by, or respect…
Entry into a Material Definitive Agreement. On May 1, 2026, the Company entered into a Settlement Agreement and Release with Robert G. Brown and SPAR Business Services, Inc. allowing for a dismissal of the Arbitration action between the Company and Robert G. Brown. As part of the Settlement Agreement, Robert G. Brown agreed to extend the expiration date of the Change of Control, Voting and Restricted Stock Agreement dated January 28, 2022 (the " CIC Agreement "), to January 28, 2028, as well…
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. Failure to Maintain a Minimum in Stockholders ’ Equity under Nasdaq Rules On April 2, 2026, SGRP received a notification letter from Nasdaq that the Company does not meet the requirement to maintain a minimum of $2,500,000 in stockholders’ equity for continued listing on the Nasdaq Capital Market. The letter specified that because the Company’s Form 10-K for the year ended December 31, 2025, r…