10-Q · May 6, 2026
In the latest 10-Q filing for Q1 2026, BGSF reported stable revenue of $20.88 million, consistent with the prior year, though gross profit decreased by 2% to $7.41 million. The company's net loss shrank by 35% to…
Earnings analysis · 10-Q
BGSF earnings analysis
Filed May 13, 2026 · Our reading of the company's report
The latest report
BGSF reported Q1 2026 revenues of $20.9 million, demonstrating stability compared to $20.9 million last year. The diluted EPS loss narrowed to $0.04 from a loss of $0.07 in the comparable quarter of the previous year,…
Read full summary
BGSF reported Q1 2026 revenues of $20.9 million, demonstrating stability compared to $20.9 million last year. The diluted EPS loss narrowed to $0.04 from a loss of $0.07 in the comparable quarter of the previous year, indicating improved financial performance yet still below consensus expectations.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.04
- Segment
- Property Management
What stood out
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Narrowed Net Loss
The diluted EPS improved to -$0.04 from -$0.07 year-over-year.
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Stable Revenue Year-over-Year
Revenue for Q1 2026 was $20.9 million, unchanged from Q1 2025.
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Gross Margin Consistency
Gross margin remained stable at 35.5%, slightly down from 36.2% year-over-year.
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Reduced Operating Loss
Operating loss reduced to -$1.55 million in Q1 2026 from -$1.77 million in Q1 2025.
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Improved Interest Expense
Interest expense dropped significantly to $4, down from $1.146 million year-over-year.
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Cash Flow Stability
Although free cash flow data is not disclosed, previous periods showed variability, highlighting a need for consistent performance.
What to watch
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Ongoing Dependence on Seasonal Revenue
Q1 demand was affected by adverse weather conditions, which could impact results moving forward.
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Increased Operational Costs
General and administrative expenses rose to $4.620 million, up from $4.441 million last year.
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Market Risks from Regional Concentration
Demand is highly concentrated in Texas, which accounted for 28% of revenue, introducing regional economic exposure.
Management's outlook
Management indicates a focus on low- to mid-single-digit growth for full-year 2026, attributing this to operational improvements.
Earlier filings 4
10-K · March 30, 2026
BGSF completed a strategic refocus in 2025, selling its Professional segment and concentrating on Property Management operations; revenues declined 10.6% to $93.31M while the company reported a net loss of $11.43M for…
10-Q · November 7, 2025
BGSF reported quarterly revenue of $26,895,000 (13 weeks ended Sept 28, 2025), down from $29,824,000 a year earlier, while gross margin remained stable at 35.9%. The company recorded a net loss of $5,812,000 (loss per…
10-Q · August 7, 2025
BGSF reported quarterly revenue of $23,506,000 and a GAAP diluted net loss per share of $0.34 for the quarter ended June 29, 2025. Gross margin held at about 35.8% but operating loss widened to $4,425,000 and interest…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.