BGSF on NYSE
BGSF, INC.
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
35.7%Gross margin3
-9.5%Operating margin3
-12.2%Net margin3
-10.6%Revenue growth, 20253
-23.8%Return on equity3
0.00×Debt to equity3
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue59¢$60.0M
- Selling, general and admin40¢$41.1M
- Income tax1¢$1.3M
Out of $93.3M in revenue.3 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Dividends paid94¢$22.4M
- Share buybacks6¢$1.5M
Out of $142.0K of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.3
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenues, net | $93.3M | $104.4M | $125.1M |
| Cost of services | $60.0M | $66.0M | $75.3M |
| Gross profit | $33.3M | $38.4M | $49.8M |
| Selling, general, and administrative expenses | $41.1M | $42.9M | $45.4M |
| Contingent consideration adjustment | -$450.0K | $0 | $0 |
| Depreciation and amortization | $1.6M | $1.3M | $1.3M |
| Operating (loss) income | -$8.9M | -$5.9M | $3.1M |
| Interest expense, net | -$4.5M | -$4.9M | -$6.0M |
| Loss before income taxes from continuing operations | -$13.4M | -$10.8M | -$2.9M |
| Income tax benefit from continuing operations | $1.9M | $2.1M | $831.0K |
| Loss from continuing operations | -$11.5M | -$8.7M | -$2.1M |
| Income (loss) | $4.4M | $7.1M | -$10.3M |
| Loss on sale | -$3.7M | $0 | $0 |
| Income tax (expense) benefit | -$597.0K | -$1.7M | $2.1M |
| Net loss | -$11.4M | -$3.3M | -$10.2M |
| Net Income from continuing operations (in dollars per share) | -$1 | -$1 | -$0 |
| Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Before Tax, Per Basic Share | $0 | $1 | -$1 |
| Net Income from discontinued operations: Gain on sale (in dollars per share) | -$0 | $0 | $0 |
| Net Income from discontinued operations: Income tax expense (in dollars per share) | -$0 | -$0 | $0 |
| Net income per share - basic (in dollars per share) | -$1.04 | -$0.31 | -$0.95 |
| Net Income from continuing operations (in dollars per share) | -$1 | -$1 | -$0 |
| Net Income from discontinued operations: Income (in dollars per share) | $0 | $1 | -$1 |
| Net Income from discontinued operations: Gain on sale (in dollars per share) | -$0 | $0 | $0 |
| Net Income from discontinued operations: Income tax expense (in dollars per share) | -$0 | -$0 | $0 |
| Net income per share - diluted (in dollars per share) | -$1.04 | -$0.31 | -$0.95 |
| Basic (in shares) | 11.0M shares | 10.9M shares | 10.8M shares |
| Diluted (in shares) | 11.0M shares | 10.9M shares | 10.8M shares |
| Cash dividends declared per common share (in dollars per share) | $2.00 | $0.15 | $0.60 |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $19.0M | $32.0K | |
| Accounts receivable (net of allowance for credit losses of $1,156 and $910, respectively) | $11.9M | $17.1M | $29.6M |
| Escrow receivable | $5.0M | $0 | |
| Prepaid expenses | $1.1M | $1.6M | |
| Other current assets | $1.5M | $2.2M | |
| Total current assets | $0 | $24.4M | |
| Total current assets | $38.5M | $45.3M | |
| Property and equipment, net | $244.0K | $608.0K | |
| Deposits | $1.9M | $2.0M | |
| Software as a service, net | $3.0M | $4.1M | |
| Deferred income taxes, net | $9.5M | $7.8M | |
| Right-of-use asset - operating leases, net | $630.0K | $1.1M | |
| Intangible assets, net | $3.0M | $4.4M | |
| Net Carrying Value | $1.1M | $1.1M | |
| Noncurrent assets of discontinued operations | $0 | $83.7M | |
| Total other assets | $19.1M | $104.2M | |
| Total assets | $57.8M | $150.1M | |
| Accounts payable | $503.0K | $80.0K | |
| Accrued payroll and expenses | $4.4M | $4.9M | |
| Transition services payable | $3.1M | $0 | |
| Long-term debt, current portion (net of debt issuance costs of $0 and $24, respectively) | $0 | $3.8M | |
| Accrued interest | $0 | $223.0K | |
| Income taxes payable | $76.0K | $212.0K | |
| Note payable | $449.0K | $0 | |
| Convertible note | $0 | $4.4M | |
| Severance payable, current portion | $392.0K | $0 | |
| Lease liabilities, current portion | $409.0K | $544.0K | |
| Total current liabilities | $0 | $11.8M | |
| Total current liabilities | $9.3M | $25.9M | |
| Line of credit (net of debt issuance costs of $0 and $770, respectively) | $0 | $5.6M | |
| Long-term debt, less current portion (net of debt issuance costs of $0 and $198, respectively) | $0 | $32.5M | |
| Severance payable, less current portion | $100.0K | $0 | |
| Lease liabilities, less current portion | $298.0K | $698.0K | |
| Noncurrent liabilities of discontinued operations | $0 | $3.1M | |
| Total liabilities | $9.7M | $67.8M | |
| Preferred stock, $0.01 par value per share, 500,000 shares authorized, -0- shares issued and outstanding | $0 | $0 | |
| Common stock, $0.01 par value per share; 19,500,000 shares authorized, 11,227,197 and 11,038,623 shares issued and outstanding, respectively | $112.0K | $110.0K | |
| Additional paid in capital | $71.4M | $70.3M | |
| (Accumulated deficit) retained earnings | -$21.9M | $12.0M | |
| Treasury stock of 355,150 and 3,930 shares, respectively | -$1.6M | -$57.0K | |
| Total stockholders equity | $48.1M | $82.3M | $85.5M |
| Total liabilities and stockholders equity | $57.8M | $150.1M | |
| Allowance for doubtful accounts | $1.2M | $910.0K | |
| Long-term debt, current portion - Debt issuance costs | $0 | $24.0K | |
| Line of credit - Debt issuance costs | $0 | $770.0K | |
| Long-term debt, less current portion - Debt issuance costs | $0 | $198.0K | |
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Preferred stock, shares authorized (in shares) | 500.0K shares | 500.0K shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | $0.01 |
| Common stock, shares authorized (in shares) | 19.5M shares | 19.5M shares | |
| Common stock, shares issued (in shares) | 11.2M shares | ||
| Common stock, shares outstanding (in shares) | 11.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -$11.4M | -$3.3M | -$10.2M |
| Net (income) loss from discontinued operations | -$3.8M | -$5.4M | $8.1M |
| Depreciation | $113.0K | $152.0K | $183.0K |
| Amortization | $1.4M | $1.2M | $1.1M |
| Loss on sale of discontinued operations | $3.7M | $0 | $0 |
| Loss on disposal of property and equipment | $164.0K | $3.0K | $10.0K |
| Contingent consideration adjustment | -$450.0K | $0 | $0 |
| Amortization of debt issuance costs | $1.0M | $425.0K | $199.0K |
| Interest expense on note payable | $136.0K | $0 | $0 |
| Provision for credit losses | $1.9M | $1.9M | $798.0K |
| Share-based compensation | $1.0M | $908.0K | $957.0K |
| Deferred income taxes | -$1.6M | $378.0K | -$4.2M |
| Accounts receivable | $3.4M | $8.2M | -$815.0K |
| Escrow receivable | -$5.0M | $0 | $0 |
| Prepaid expenses | $563.0K | $928.0K | -$333.0K |
| Other current assets | -$346.0K | $794.0K | $2.9M |
| Deposits | $66.0K | $593.0K | -$27.0K |
| Software as a service | $1.1M | $669.0K | $193.0K |
| Accounts payable | $423.0K | -$14.0K | -$492.0K |
| Accrued payroll and expenses | $618.0K | -$1.7M | -$1.0M |
| Transition services payable | $3.1M | $0 | $0 |
| Accrued interest | -$223.0K | -$215.0K | $165.0K |
| Income taxes payable | -$80.0K | $103.0K | -$478.0K |
| Severance payable | $492.0K | $0 | $0 |
| Other current liabilities | $0 | $0 | -$1.0M |
| Operating leases | -$82.0K | -$85.0K | -$23.0K |
| Other long-term liabilities | $4.0M | $13.9M | $16.8M |
| Net cash (used in) provided by continuing operating activities | $117.0K | $19.4M | $12.9M |
| Net cash provided by discontinued operating activities | $25.0K | $5.0M | $7.5M |
| Net cash (used in) provided by operating activities | $142.0K | $24.4M | $20.4M |
| Proceeds from business sold | $91.5M | $0 | $0 |
| Capital expenditures | -$138.0K | -$1.2M | -$2.2M |
| Net cash provided by (used in) continuing investing activities | $91.4M | -$1.2M | -$2.2M |
| Net cash used in discontinued investing activities | -$193.0K | -$423.0K | -$7.4M |
| Net cash provided by (used in) investing activities | $91.2M | -$1.6M | -$9.5M |
| Net payments under line of credit | -$10.2M | -$18.5M | $2.3M |
| Proceeds from issuance of long-term debt | $0 | $4.2M | $0 |
| Principal payments on long-term debt | -$32.7M | -$1.7M | -$7.0M |
| Payments of convertible note | -$4.4M | $0 | $0 |
| Payments of dividends | -$22.4M | -$1.6M | -$6.5M |
| Issuance of ESPP shares | $134.0K | $459.0K | $512.0K |
| Issuance of shares under the 2013 Long-Term Incentive Plan | $0 | $262.0K | -$10.0K |
| Note payable paid | -$1.4M | $0 | $0 |
| Payments of debt issuance costs | -$29.0K | -$1.3M | -$69.0K |
| Repurchase of common stock | -$1.5M | $0 | $0 |
| Net cash used in continuing financing activities | -$72.5M | -$18.1M | -$10.8M |
| Net cash used in discontinued financing activities | $0 | -$4.2M | -$102.0K |
| Net cash used in financing activities | -$72.5M | -$22.4M | -$10.9M |
| Net change in cash and cash equivalents, continuing operations | $18.8M | $353.0K | $0 |
| Cash paid for interest, net - continuing operations | $3.3M | $4.5M | $4.7M |
| Cash paid for taxes (federal), net of refunds - continuing operations | $0 | $4.0K | $630.0K |
| Total cash paid for taxes (state), net of refunds | $505.0K | $685.0K | $1.4M |
| Less: net change in cash and cash equivalents, discontinued operations | -$168.0K | $321.0K | $0 |
Former names
Recent filings
- Sep 16, 2026DEF 14A
- Sep 16, 2026DEFA14A
- Aug 6, 20264
- Aug 6, 20264
- Aug 6, 20264
- Aug 6, 20264
- Aug 6, 20264
- Aug 5, 202610-Q
- Aug 5, 20268-K
- Jun 8, 20268-K
- May 22, 2026S-8
- May 22, 2026S-8
- May 14, 202610-Q/A 10-Q
- May 7, 20264
- May 7, 20264
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARBGSF, INC. filings on SEC EDGAR
- 2SEC EDGARBGSF, INC. filings on SEC EDGAR
- 3SEC EDGARBGSF, INC. 10-K for fiscal 2025
- 4SEC EDGARBGSF, INC. 10-K for fiscal 2019
- 5SEC EDGARBGSF, INC. 10-K for fiscal 2020
- 6SEC EDGARBGSF, INC. 10-K for fiscal 2021
- 7SEC EDGARBGSF, INC. 10-Q for fiscal 2026
- 8SEC EDGARBGSF, INC. 10-Q for fiscal 2026
- 9SEC EDGARBGSF, INC. 10-K for fiscal 2019
- 10SEC EDGARBGSF, INC. 10-K for fiscal 2023