BGSF earnings analysis
What we found in BGSF's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Narrowed Net Loss
- The diluted EPS improved to -$0.04 from -$0.07 year-over-year.
- Stable Revenue Year-over-Year
- Revenue for Q1 2026 was $20.9 million, unchanged from Q1 2025.
- Gross Margin Consistency
- Gross margin remained stable at 35.5%, slightly down from 36.2% year-over-year.
- Reduced Operating Loss
- Operating loss reduced to -$1.55 million in Q1 2026 from -$1.77 million in Q1 2025.
- Improved Interest Expense
- Interest expense dropped significantly to $4, down from $1.146 million year-over-year.
- Cash Flow Stability
- Although free cash flow data is not disclosed, previous periods showed variability, highlighting a need for consistent performance.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Ongoing Dependence on Seasonal Revenue
- Q1 demand was affected by adverse weather conditions, which could impact results moving forward.
- Increased Operational Costs
- General and administrative expenses rose to $4.620 million, up from $4.441 million last year.
- Market Risks from Regional Concentration
- Demand is highly concentrated in Texas, which accounted for 28% of revenue, introducing regional economic exposure.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.04
- Gross margin
- 35.5%
- Operating margin
- -7.4%
- Segment
- Property Management
What they said about what is next.
Management indicates a focus on low- to mid-single-digit growth for full-year 2026, attributing this to operational improvements.
The filing reads about the same as the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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