| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 26.90 | 14.4% | 38328.6% |
| Total Income | 26.90 | 14.4% | 38328.6% |
| Expenditure | 27.83 | 0.4% | 39657.1% |
| PBT | -2.51 | 59.8% | |
| Net Profit | -5.81 | 55.4% | |
| OPM | -3.48% | 15.34pp | 4.14pp |
| NPM | -21.61% | 5.72pp | 20.48pp |
| EPS | -0.52 | 52.9% |
BGSF Reports Q3 2025 Revenue of $26.9 Million
04 May 2026 · 4 May, 7:37 am
Summary
BGSF, Inc. reported financial results for the third fiscal quarter ended September 28, 2025. Revenues were $26.9 million, up 14.4% from Q2 2025. The company's gross profit was $9.7 million, an increase from $8.4 million in the previous quarter. Net loss was $3.1 million, or $0.28 per diluted share, an improvement from the $4.9 million loss in Q2 2025. The Board of Directors approved a stock repurchase program of up to $5 million.
Key Highlights
- 1
BGSF's revenues were $26.9 million for Q3 2025, compared to $23.5 million for Q2 2025, representing a 14.4% increase.
- 2
Gross profit increased to $9.7 million for Q3 2025, up from $8.4 million in Q2 2025.
- 3
The company reported a net loss of $3.1 million, or $0.28 per diluted share, for Q3 2025, compared to a net loss of $4.9 million in Q2 2025.
- 4
Adjusted EBITDA income was $1.0 million, representing 3.6% of revenues in Q3 2025, compared to a $1.1 million loss in Q2 2025.
- 5
Adjusted EPS income was $0.08 for Q3 2025, compared with an Adjusted EPS loss of $0.10 for Q2 2025.
- 6
The Board of Directors approved a stock repurchase program under which BGSF may repurchase up to $5 million of its common stock.
Management Comments
Keith Schroeder
The sale of BGSF's Professional division to INSPYR closed as planned following the shareholder vote on September 4th. Following the closing, the Board of Directors determined that a return to capital to the shareholders was appropriate and we announced and delivered a $2 per share special dividend which was paid on September 30. As part of the Board’s continuing evaluation of the best use of BGSF’s excess capital, today we are announcing a stock buyback plan of up to $5M. The Board believes that purchasing stock at current prices is a good investment for the company and reflects our confidence in BGSF’s long-term strategy. We are now executing the Transition Service Agreement (TSA), which is progressing smoothly and will continue for up to six months or longer to support INSPYR in integrating the business into their operating environment. These services are compensated, and we remain focused on reducing overhead to align with our streamlined, Property Management-focused structure. As expected, our financial results post-close will be somewhat noisy for the next couple of quarters as we transition.
Kelly Brown
The strategic initiatives outlined in the last quarter are continuing as planned. We remain committed to aligning Property Management costs with revenue and are actively investing in tools to enhance performance, which will also provide an opportunity to better align cost with improved financial results. Our AI-powered sales and recruiting technologies are on track to be operational over the next couple of quarters, and we are already seeing early signs of improved efficiency. These efforts, combined with ongoing cost reductions, position us well to drive revenue growth and profitability in the quarters ahead. Following the close of the transaction, we retained an independent consulting firm to complete a thorough assessment of our business and the broader property management workforce solutions market. This external analysis provided valuable insight into market size, competitive positioning, and white space opportunities. As a result, we refined our strategic roadmap and aligned our organization around clear priorities to drive sustainable growth. We anticipate revenue growth in 2026 versus 2025, supported by strong execution of our strategic initiatives.
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