BG Staffing announces Q3 adjusted EPS of 8 cents, up from 1 cent in the previous quarter.
Q3 Revenue Decline: BGSF reported Q3 revenue of $26.9 million, down from $29.8 million the previous year.
Shareholder Returns: Following the sale of its Professional division, BGSF announced a $2 per share special dividend and a stock buyback plan of up to $5 million.
Transition Services Agreement: The company is executing a Transition Service Agreement to support INSPYR's integration of the business, which will last up to six months.
Future Financial Outlook: BGSF anticipates that its financial results will be somewhat inconsistent in the upcoming quarters as it transitions to a streamlined, Property Management-focused structure.
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- Strategic Transition: BGSF completed the sale of its Professional division in 2025, eliminating all debt while announcing a $2 special dividend and a $5 million share buyback, marking a transformation into a debt-free organization focused solely on property management, enhancing financial flexibility and market competitiveness.
- Cost Control: Management anticipates continued aggressive actions in 2026, estimating general and administrative expenses at $12 million, and leveraging insights from external studies to achieve approximately $1 million in annualized cost savings in selling and G&A, thereby improving profitability.
- Revenue Outlook: Despite Q4 2025 revenues of $22 million reflecting a 9.4% year-over-year decline, management projects mid-single-digit sales growth in 2026, indicating improved market sentiment and enhanced internal execution.
- New PropTech Business: BGSF has partnered with industry-leading property management technology platform Yardi, planning to launch into the emerging PropTech support market with first-year revenue projections of $1 million to $2 million, further expanding the company's business scope and market opportunities.
- Revenue Decline: BGSF reported $22 million in revenue for Q4 2026, reflecting a 9.4% year-over-year decline primarily due to reduced build hours and weak demand, indicating pressure in market competitiveness.
- Gross Profit Decrease: The gross profit for Q4 fell to $7.7 million from $8.7 million in the prior year, with gross margin negatively impacted by out-of-period workers' compensation costs, highlighting challenges in profitability.
- Shareholder Returns: Despite financial pressures, BGSF returned capital to shareholders through a $2 per share special dividend and a $5 million share buyback program, demonstrating a proactive approach to capital management.
- Outlook for Growth: BGSF anticipates mid-single-digit revenue growth in 2026, driven by improved market conditions and enhanced execution in client services and candidate placements, reflecting a positive outlook for the company's future.
- Earnings Performance: BGSF reported a Q4 non-GAAP EPS of $0.09, indicating stability in profitability despite a decline compared to the previous year, which may influence investor confidence.
- Revenue Decline: The company generated $22 million in revenue for Q4, a 9.4% year-over-year decrease, reflecting weakened market demand that could necessitate strategic adjustments to regain growth momentum.
- Adjusted EBITDA Loss: BGSF's adjusted EBITDA loss for Q4 was $0.9 million, representing 4.3% of revenues, which is an improvement from a $1.6 million loss in the same quarter last year, suggesting initial success in cost management efforts.
- Quarterly Comparison: Compared to Q3, where BGSF reported a $1.0 million profit, the Q4 EBITDA loss indicates the company is facing challenges and volatility in the short term, highlighting the need for strategic focus on recovery.
- Earnings Performance: BG Staffing reported a non-GAAP EPS of $0.09 for Q4, indicating resilience despite a decline compared to the previous year, which may influence investor sentiment.
- Revenue Decline: The company generated $22 million in revenue for Q4, a 9.5% year-over-year decrease, reflecting the direct impact of weak market demand, potentially prompting strategic adjustments moving forward.
- Adjusted EBITDA Loss: The adjusted EBITDA loss was $0.9 million, representing 4.3% of revenues, which is an improvement from a $1.6 million loss in the same quarter last year, suggesting initial effectiveness of cost control measures.
- Quarterly Comparison: Compared to Q3, where BG Staffing reported a $1 million profit, the shift to a loss indicates short-term challenges, necessitating a reassessment of operational strategies to restore profitability.
Company Financial Performance: BGSF, Inc. reported a loss of $5.8 million in its third quarter, translating to a loss of 52 cents per share, with adjusted losses of 28 cents per share when accounting for discontinued operations.
Revenue and Stock Performance: The staffing company generated revenue of $26.9 million during the quarter, while its stock price has significantly declined from $7.70 a year ago to $3.27.
Special Dividend Announcement: BG Staffing (BGSF) has declared a special dividend of $2.00 per share.
Payment Details: The dividend is payable on September 30, with shareholders of record on September 23, and the ex-dividend date is October 1.









