ReposiTrak FY2026 10-K: Net Income Up 8% to $7.6M, SPAR Stake Reaches 14.8%
TRAK sits 17% above its 52-week low of $6.94.
Summary
ReposiTrak filed its FY2026 10-K showing net income of $7.57M on $23.3M revenue, with a 14.8% SPAR Group stake and $3.0M SPAR note receivable now on the balance sheet.
Key Events · Earnings and Guidance · TRAK
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FY2026 Net Income Rises 8%
Net income reached $7.57M vs $6.98M prior year, with diluted EPS of $0.39 on revenue of $23.3M (up 3%).
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SPAR Group Stake at 14.8%
Investment in SPAR common stock carried at $3.46M fair value at June 30, 2026, with $337,700 unrealized gain recognized in FY2026.
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$3.0M SPAR Note Receivable
Unsecured note to SPAR Marketing Force bears 8% interest, matures March 2029, and includes 1M SPAR shares as equity consideration plus price protection features capped at $800K.
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Capital Return Continues
Company repurchased 143,904 shares for $1.8M and redeemed 175,233 Series B preferred shares for $1.87M, with $1.72M preferred redemption remaining.
Analysis · TRAK · Technology
The annual report confirms a profitable year, with net income of $7.57 million, up from $6.98 million, on revenue of $23.3 million. It also details the company's growing investment in SPAR Group — a 14.8% stake valued at $3.46 million at year-end, plus a $3.0 million unsecured note receivable with equity kickers and price protection. This SPAR position introduces mark-to-market volatility and credit risk to a previously clean balance sheet, while the company continues returning capital through buybacks and preferred redemptions.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 28.9% of the 1668 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, TRAK was trading at $8.10 on NYSE in the Technology sector, with a market capitalization of approximately $149M. The 52-week trading range was $6.94 to $17.32. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.