Earnings Releases·Nov 4, 2026, 4:44 PM ET

BGSF, Inc. — Third Quarter 2026 Earnings Summary

Q3 2026 revenues declined 6.7% year-over-year to $25.1 million due to lower billable hours, while gross profit percentage improved to 36.1% from 35.9%, and the company shifted from a $3.1 million net loss to a $0.1 million net profit.
Year-to-date results through September 27, 2026, show a net loss narrowing to $0.96 million ($0.09 per share) from $10.3 million in the prior period, driven by a $1.2 million gain on sale of discontinued operations and reduced SG&A and interest expenses.
Management highlighted progress on the PropTech platform and AI-enabled recruiting as key strategic initiatives to enhance productivity and position the company for long-term value creation as multifamily market conditions stabilize.
Capital allocation included $1.3 million in common stock repurchases and $0.4 million in note payable repayments, while cash and cash equivalents decreased to $9.3 million from $19.0 million at the end of 2025.
No cash dividends were declared for Q3 2026, contrasting with $2.00 per share in the prior year quarter, as the company focuses on expense management and operational efficiency to maintain a strong balance sheet.