Revenue growth remains elusive; watch upcoming quarters for evidence of low-single-digit growth materializing. Cost controls are positive but not enough to drive profitability without top-line expansion.
Price Chart
Executive Summary
BGSF reported Q1 2026 revenue essentially flat YoY at $20.9M, with GAAP net loss improving to -$1.4M from -$2.3M a year ago. Adjusted EBITDA loss narrowed to -$0.5M, but gross margin slipped 1 point to 35%. Management maintained FY2026 revenue growth guidance of low- to mid-single digits, but the company remains unprofitable on an operating basis.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $20.9M, flat YoY (prior $20.9M)
- Gross profit $7.4M vs $7.6M, margin 35% vs 36%
- Net loss from continuing ops -$1.4M (-$0.13/share) vs -$2.3M (-$0.21/share)
- Adjusted EBITDA loss -$0.5M (-3% of revenue) vs -$1.0M (-5%)
- Guided FY2026 revenue growth low- to mid-single-digit; maintained
- Completed TSA with INSPYR; balance sheet debt-free with $13.9M cash
- SG&A reduced to $3.0M quarterly run-rate target achieved
Financial Impact
Revenue flat, net loss improved by $0.9M YoY; ongoing adjusted EBITDA loss of $0.5M
Risk Factors
- Continued revenue stagnation could prolong losses
- Property management staffing demand may remain pressured
- No clear catalyst for near-term inflection
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001474903-26-000041 |
| Document: bgsf-20260506.htm | 0001474903-26-000041 |
| Document: 0001474903-26-000041-index-headers.html | 0001474903-26-000041 |
| Document: 0001474903-26-000041-index.html | 0001474903-26-000041 |
| Document: 0001474903-26-000041.txt | 0001474903-26-000041 |
| 8-K Data (Synthetic) | 0001474903-26-000041 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | Press Release | $4.36 | awaiting T+20 | — | $4.17 (−4.36%) |
Aug 5, 2026 11w ago | 8-K | $5.66 $5.25 | ▲ +7.24% | ▲ +7.84% | $4.17 (+26.33%) |
May 6, 2026 24w ago | 8-K | $5.20 $5.11 | ▼ −1.73% | ▼ −4.87% | $4.17 (−19.81%) |
US Market Status
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