SPRQF (SPARQ Systems) EBIT: $-3.31 Mil (TTM As of Mar. 2026)


SPRQF SPARQ Systems Inc SPRQF
34 GF Score
Price $0.86
GF Value $0.81
Valuation Fairly Valued
! 4 Warning Signs
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What is SPARQ Systems EBIT?

SPARQ Systems SPRQF 34 EBIT is $-3.31 Mil as of Mar. 2026. GuruFocus rates SPRQF with a GF Score™ of 34/100 and a GF Value™ of $0.81 (Fairly Valued). The stock has 4 warning signs investors should review.

SPARQ Systems's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $-0.59 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $-3.31 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SPARQ Systems's annualized ROC % for the quarter that ended in Mar. 2026 was -204.50%. SPARQ Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -162.31%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SPARQ Systems's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -3.45%.

SPARQ Systems  (OTCPK:SPRQF) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

SPARQ Systems's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-3.044 * ( 1 - 0% )/( (1.484 + 1.493)/ 2 )
=-3.044/1.4885
=-204.50 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5.787 - 0.842 - ( 3.461 - max(0, 0.946 - 5.36+3.461))
=1.484

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4.579 - 0.126 - ( 2.96 - max(0, 0.253 - 4.124+2.96))
=1.493

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

SPARQ Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-2.36/( ( (0.426 + max(1.017, 0)) + (0.456 + max(1.009, 0)) )/ 2 )
=-2.36/( ( 1.443 + 1.465 )/ 2 )
=-2.36/1.454
=-162.31 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.904 + 0.895 + 0.06) - (0.842 + 0 + 0)
=1.017

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.327 + 0.742 + 0.066) - (0.126 + 0 + 0)
=1.009

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

SPARQ Systems's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-3.314/96.155
=-3.45 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SPARQ Systems EBIT Related Terms

SPARQ Systems EBIT Historical Data

* Premium members only.

The historical data trend for SPARQ Systems's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SPARQ Systems EBIT Chart

SPARQ Systems Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial -5.58 -2.89 -3.54 -3.87 -3.48

SPARQ Systems Quarterly Data
Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.74 -1.11 -0.65 -0.96 -0.59

SPRQF vs VRT, BE: EBIT Comparison

For the Electrical Equipment & Parts subindustry, SPARQ Systems's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

SPARQ Systems EV-to-EBIT vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, SPARQ Systems's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where SPARQ Systems's EV-to-EBIT falls into.


SPRQF
34GF Score
SPARQ Systems Inc SPRQF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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SPARQ Systems EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.31 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-3.31 Mil mean?
SPARQ Systems (SPRQF) has a EBIT of $-3.31 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on SPARQ Systems.
Is SPARQ Systems' EBIT too high?
SPARQ Systems' current EBIT is $-3.31 Mil. Overall, SPARQ Systems has a GF Score™ of 34/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SPARQ Systems' EBIT compare to VRT and BE?
SPARQ Systems' EBIT of $-3.31 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Industrial Products company?
A good EBIT depends on the Industrial Products industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on SPARQ Systems. SPARQ Systems's current EBIT is $-3.31 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPARQ Systems stock overvalued right now?
Based on GuruFocus' analysis, SPARQ Systems (SPRQF) is currently considered Fairly Valued. The stock's GF Value™ is $0.81, compared to a current price of $0.86 — trading 5.9% above its estimated fair value. The current EBIT is $-3.31 Mil. SPARQ Systems' overall GF Score™ is 34/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For SPARQ Systems (SPRQF), the current EBIT is $-3.31 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is SPARQ Systems (SPRQF) Overvalued in 2026?

Based on GuruFocus' analysis, SPARQ Systems stock appears to be overvalued. The current stock price of $0.86 is trading 5.9% above its estimated GF Value™ of $0.81. GuruFocus considers SPARQ Systems to be Fairly Valued.

Key valuation signals for SPRQF:

  • EBIT: $-3.31 Mil
  • GF Value™: $0.81 vs. price of $0.86 (5.9% above fair value)
  • GF Score™: 34/100 with 4 warning signs

No single metric tells the full story. See the SPRQF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

SPARQ Systems Business Description

Other Exchanges SPRQ:Canada
Address Innovation Park, 945 Princess Street, Box 212, Kingston, ON, CAN, K7L 0E9
SPARQ Systems Inc designs and manufactures next generation single-phase microinverters for residential and commercial solar electric applications. The company has developed a proprietary photovoltaic (PV) solution called the Quad; the Quad inverter optimizes four PV modules with a single microinverter, simplifying design and installation, and lowering cost for solar power installations when compared to existing market offerings. Its products include Quad2, Quad3, Q1200 Microinverter, SparqLinq, SparqVu, and SparqSync. The company derives revenue from the sale of hardware, including microinverters and their associated peripherals.
34GF Score

Get the complete analysis for SPRQF

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.86
Price
$0.81
GF Value