BGSF, Inc. Reports Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 revenue $25.1 million, down from $26.9 million year over year
- ➤Q3 net income $0.1 million, versus a $3.1 million prior-year loss
- ➤Q3 adjusted EPS $0.09, up from $0.08 year over year
- ➤Q3 adjusted EBITDA $0.9 million, versus $1.0 million prior year
- ➤Cash and equivalents $9.3 million, down from $19.0 million at 2025 year-end
Expert Statements
Keith Schroeder, Co-Chief Executive Officer and Chief Financial Officer of BGSF
“While revenue remained pressured by cautious customer spending, our focus on expense management and operational efficiency enabled us to sustain profitability and maintain a strong balance sheet. We believe the cost reduction measures implemented during the year, coupled with ongoing investments in strategic initiatives, provide a balanced approach to managing near-term market challenges while positioning BGSF for long-term value creation.”
Kelly Brown, Co-Chief Executive Officer and Property Management President of BGSF
“While customer spending remains cautious, we continue to execute on initiatives that strengthen our business, improve productivity, and enhance the experience we deliver to both clients and candidates. We are encouraged by the growth of our PropTech platform and the progress we are making with AI-enabled recruiting and operational enhancements, which we believe position BGSF to emerge stronger as multifamily market conditions continue to stabilize.”
DALLAS, Nov. 04, 2026 (GLOBE NEWSWIRE) -- BGSF, Inc. (NYSE: BGSF), a leading provider of workforce solutions for the specialized Property Management industry, today reported financial results for the third fiscal quarter ended September 27, 2026.
Q3 2026 Highlights from Continuing Operations * Revenues were $25.1 million for Q3, compared to $26.9 million from prior year quarter, driven by lower billable hours in the current year compared to prior year. * Gross profit was $9.1 million for Q3, compared to $9.7 million in prior year quarter, which is in line with revenues. * Net income was $0.1 million, or $0.01 per diluted share for Q3, compared to a net loss of $3.1 million, or $0.28 per diluted share in the prior year quarter. The improvement was primarily driven by a reduction in selling, general, and administrative expenses and interest expense. * Adjusted EBITDA(1) was $0.9 million (3% of revenues) in Q3, compared to adjusted EBITDA of $1.0 million (4% of revenues) in the prior year quarter. * Adjusted EPS(1) was $0.09 for Q3, compared with Adjusted EPS(1) of $0.08 in the prior year quarter. SUMMARY OF FINANCIAL RESULTS FROM CONTINUING OPERATIONS
Get started
Create a free account to read the full story.