SPAR Group, Inc. (SGRP)

In November 2025, SPAR Group reported third-quarter results with increased U.S. and Canada revenues but a decline in gross margin and a GAAP net loss; William Linnane was named CEO. In August 2025, Q2 results showed sequential growth and improved gross margins, with CEO Mike Matacunas announcing his retirement; an investor group acquired shares at a premium, and SPAR issued a demand letter to Highwire Capital. In June 2025, Robert G. Brown expressed concerns about the company's performance and management practices, which SPAR Group refuted. In April 2025, SPAR Group announced a delay in filing its Annual Report. As of January 12, 2026, the stock price was $0.86, with a 52-week range between $0.76 and $2.10.

Demand for SPAR Group's services is likely influenced by promotional and seasonal merchandising, new product launches, and store remodels and resets. Demand increases during peak retail seasons and is tied to product development cycles. The expansion of online retail drives demand for remodeling services, and the accelerated growth of online sales has increased demand for distribution center resources. Remodeling services can contribute significantly to revenue during certain quarters.

SPAR Group, Inc. is a global merchandising and marketing services company operating in the Industrials sector, specifically in the Specialty Business Services industry, established in 1984. It provides sales-enhancing services, including retail merchandising, marketing program execution, in-store assembly, compliance audits, data collection, and technology-enabled field force management, serving diverse industries such as consumer packaged goods, consumer electronics, and grocery stores.

SPAR Group, Inc. has a global presence with operations in North America, South America, Asia, Africa, and Australia. It has been undergoing a strategic transformation, exiting several international businesses to focus on its core U.S. and Canada businesses, including exits from Australia, China, National Merchandising Services, South Africa, and Brazil. The company's headquarters is located in Auburn Hills, Michigan, with a significant presence in the Metro Detroit area, and it has expanded its North American footprint with offices in Charlotte, North Carolina.

SPAR Group's brand reputation has been affected by a public dispute with founder Robert G. Brown and its strategic transformation involving exiting international businesses. Leadership changes, including the retirement of CEO Mike Matacunas and the appointment of William Linnane, have also influenced market perception. The launch of SPAR Mobile and the acceleration of technology and AI in its strategy suggest a commitment to innovation. Sonja-Rose Cowen's recognition as a Top 50 Women Leader in Consumer Products and Retail for 2025 contributes positively to the company's reputation.

SPAR Group, Inc. has a mixed ownership structure including institutional, insider, and retail investors. Institutional owners hold between 3.68% to 14.29% of the stock, with major holders including Nantahala Capital Management, LLC, and Vanguard Group Inc. Insiders hold approximately 52.43% of the stock, with Robert G. Brown being the largest individual shareholder. Insider buying has been observed in the past three months.