Quarterly ResultMay 6, 2026, 04:21 PM
BGSF Q1 Net Loss $1.4M; Revenue $20.9M
AI Summary
BGSF, Inc. reported its first fiscal quarter 2026 financial results, with revenues remaining flat at $20.9 million compared to the prior year. The company significantly reduced its net loss to $1.4 million, or $(0.13) per diluted share, and improved its Adjusted EBITDA loss to $0.5 million. BGSF also announced the successful completion of its Transition Services Agreement with INSPYR and the rebrand of BG Staffing, while reiterating its expectation for low-to-mid-single-digit revenue growth for the full year 2026.
Key Highlights
- Q1 2026 Revenue was $20.9 million, flat year-over-year.
- Q1 2026 Gross profit was $7.4 million, down from $7.6 million year-over-year.
- Q1 2026 Net loss was $1.4 million, or $(0.13) per diluted share, an improvement from $(0.21) in prior year.
- Q1 2026 Adjusted EBITDA loss was $0.5 million, an improvement from $1.0 million loss year-over-year.
- Q1 2026 Adjusted EPS loss was $(0.06), an improvement from $(0.09) loss year-over-year.
- Successfully completed Transition Services Agreement (TSA) with INSPYR.
- Completed BG Staffing rebrand in the first quarter.
- Expects full-year 2026 revenue to grow in the low- to mid-single-digit range.
- Exited the quarter with a strong, debt-free balance sheet.