DALLAS, Nov. 04, 2026 (GLOBE NEWSWIRE) — BGSF, I c. (NYSE: BGSF), a leadi g p ovide of wo kfo ce solutio s fo the specialized P ope ty Ma ageme t i dust y, today epo ted fi a cial esults fo the thi d fiscal qua te e ded Septembe 27, 2026.
- Reve ues we e $25.1 millio fo Q3, compa ed to $26.9 millio f om p io yea qua te , d ive by lowe billable hou s i the cu e t yea compa ed to p io yea .
- G oss p ofit was $9.1 millio fo Q3, compa ed to $9.7 millio i p io yea qua te , which is i li e with eve ues.
- Net i come was $0.1 millio , o $0.01 pe diluted sha e fo Q3, compa ed to a et loss of $3.1 millio , o $0.28 pe diluted sha e i the p io yea qua te . The imp oveme t was p ima ily d ive by a eductio i selli g, ge e al, a d admi ist ative expe ses a d i te est expe se.
- Adjusted EBITDA1 was $0.9 millio (3% of eve ues) i Q3, compa ed to adjusted EBITDA of $1.0 millio (4% of eve ues) i the p io yea qua te .
- Adjusted EPS1 was $0.09 fo Q3, compa ed with Adjusted EPS1 of $0.08 i the p io yea qua te .
(dolla s i thousa ds, except pe sha e) (u audited)
| Fo the Thi tee Week Pe iods E ded | Septembe 27,2026 | Septembe 28,2025 | Reve ues | $ | 25,129 | $ | 26,895 | G oss p ofit | $ | 9,083 | $ | 9,660 | G oss p ofit pe ce tage | 36.1 | % | 35.9 | % | Ope ati g i come (loss) | $ | 206 | $ | (937 | ) | Net i come (loss) | $ | 94 | $ | (3,078 | ) | Net i come (loss) pe diluted sha e | $ | 0.01 | $ | (0.28 | ) | No -GAAP Fi a cial Measu es: | Adjusted EBITDA1 | $ | 858 | $ | 980 | Adjusted EBITDA Ma gi (% of eve ue)1 | 3.4 | % | 3.6 | % | Adjusted EPS1 | $ | 0.09 | $ | 0.08 |
1 Adjusted EBITDA a d Adjusted EPS a e o -GAAP fi a cial measu es as defi ed a d eco ciled below.
BGSF will discuss its thi d qua te 2026 fi a cial esults du i g a co fe e ce call a d webcast at 9:00 a.m. ET o Novembe 5, 2026. I te ested pa ticipa ts may dial 1-800-715-9871 (Toll F ee) o 1-646-307-1963 (I te atio al) a d ask to be i cluded i the BGSF call. A call eplay will be available u til Novembe 12, 2026. To access the eplay, please dial 1-855-669-9658 (Toll F ee), o 1-412-317-0088 (I te atio al) a d e te access code 2453258. The live webcast a d a chived eplay a e accessible f om the i vesto elatio s sectio of the Compa y’s website at https://i vesto .bgsf.com/eve ts-a d-p ese tatio s/default.aspx.
BGSF p ovides best-i -class p ope ty ma ageme t esou ces a d solutio s to g owi g apa tme t a d luxu y commu ities, as well as comme cial p ope ties, a d was awa ded Supplie Compa y of the Yea by the Natio al Apa tme t Associatio i ece t yea s. Th ough its exclusive a d semi-exclusive ag eeme ts with some of the la gest p ope ty ma ageme t compa ies i No th Ame ica, BGSF offe s diffe e tiated adva tages to clie ts, i cludi g t ai ed tale t a d u ique tech ological platfo ms that seek to maximize efficie cies i the g owi g eside tial a d comme cial leased p ope ty i dust ies. Fo mo e i fo matio o the Compa y a d its se vices, please visit its website at www.bgsf.com.
This p ess elease co tai s fo wa d-looki g stateme ts withi the mea i g of U.S. fede al secu ities laws. Such fo wa d-looki g stateme ts i clude, but a e ot limited to, stateme ts ega di g BGSF’s expectatio s, hopes, beliefs, i te tio s, pla s, p ospects, o st ategies ega di g the futu e eve ue a d the busi ess pla s of BGSF’s ma ageme t team. A y stateme ts co tai ed he ei that a e ot stateme ts of histo ical fact may be deemed to be fo wa d-looki g stateme ts. I additio , a y stateme ts that efe to p ojectio s, fo ecasts, o othe cha acte izatio s of futu e eve ts o ci cumsta ces, i cludi g a y u de lyi g assumptio s, a e fo wa d-looki g stateme ts. The wo ds “a ticipate,” “believe,” “co ti ue,” “could,” “e deavo ,” “estimate,” “expect,” “i te ds,” “may,” “might,” “pla ,” “possible,” “pote tial,” “p edict,” “p oject,” “should,” “will,” “would,” a d simila exp essio s may ide tify fo wa d-looki g stateme ts, but the abse ce of these wo ds does ot mea that a stateme t is ot fo wa d-looki g. The fo wa d-looki g stateme ts co tai ed i this p ess elease a e based o ce tai assumptio s a d a alyses made by the ma ageme t of BGSF co side i g thei espective expe ie ce a d pe ceptio of histo ical t e ds, cu e t co ditio s, a d expected futu e developme ts a d thei pote tial effects o BGSF as well as othe facto s they believe a e app op iate i the ci cumsta ces. The e ca be o assu a ce that futu e developme ts affecti g BGSF will be those a ticipated. These fo wa d-looki g stateme ts i volve a umbe of isks, u ce tai ties, o othe assumptio s that may cause actual esults o pe fo ma ce to be mate ially diffe e t f om those exp essed o implied by these fo wa d-looki g stateme ts, i cludi g the mix of se vices o solutio s utilized by BGSF’s clie t pa t e s a d such clie t pa t e s’ eeds fo these se vices o solutio s, ma ket accepta ce of ew offe i gs of se vices o solutio s, the ability of BGSF to expa d what it does fo existi g clie t pa t e s as well as to add ew clie t pa t e s, whethe BGSF will have sufficie t capital to ope ate as a ticipated, the impact of the use of AI-powe ed tech ologies a d the timi g of thei availability, the impact of ou st ategic i itiatives a d cost eductio s, the dema d fo BGSF’s se vices a d solutio s, eco omic activity i BGSF’s i dust y a d i ge e al, a d ce tai isks, u ce tai ties, a d assumptio s desc ibed i BGSF’s most ece tly filed A ual Repo t o Fo m 10-K a d subseque tly filed Qua te ly Repo ts o Fo m 10-Q u de the headi g “Risk Facto s.” Should o e o mo e of these isks o u ce tai ties mate ialize o should a y of the assumptio s bei g made p ove i co ect, actual esults may va y i mate ial espects f om those p ojected i these fo wa d-looki g stateme ts. BGSF u de takes o obligatio to update o evise a y fo wa d-looki g stateme ts, whethe because of ew i fo matio , futu e eve ts, o othe wise, except as may be equi ed u de applicable secu ities laws.
Sou ce: BGSF, I c.
| Septembe 27,2026 | Decembe 28,2025 | Cu e t assets | Cash a d cash equivale ts | $ | 9,302 | $ | 19,018 | Sho t-te m i vestme ts | 8,622 | — | Accou ts eceivable ( et of allowa ce fo c edit losses of $982 a d $1,156, espectively) | 13,974 | 11,898 | Esc ow eceivable | 750 | 4,950 | P epaid expe ses | 1,230 | 1,126 | Othe cu e t assets | 1,381 | 1,458 | Total cu e t assets | 35,259 | 38,450 | P ope ty a d equipme t, et | 199 | 244 | Othe assets | Deposits | 1,918 | 1,938 | Softwa e as a se vice, et | 2,581 | 3,002 | Defe ed i come taxes, et | 9,404 | 9,496 | Right-of-use asset – ope ati g leases, et | 575 | 630 | I ta gible assets, et | 2,580 | 3,003 | Goodwill | 1,074 | 1,074 | Total othe assets | 18,132 | 19,143 | Total assets | $ | 53,590 | $ | 57,837 | Cu e t liabilities | Accou ts payable | $ | 459 | $ | 503 | Acc ued pay oll a d expe ses | 5,035 | 4,441 | T a sitio se vices payable | 855 | 3,064 | I come taxes payable | 22 | 76 | Note payable | — | 449 | Seve a ce payable, cu e t po tio | 194 | 392 | Lease liabilities, cu e t po tio | 408 | 409 | Total cu e t liabilities | 6,973 | 9,334 | Seve a ce payable, less cu e t po tio | — | 100 | Lease liabilities, less cu e t po tio | 213 | 298 | Total liabilities | 7,186 | 9,732 | Commitme ts a d co ti ge cies | P efe ed stock, $0.01 pa value pe sha e, 500,000 sha es autho ized, -0- sha es issued a d outsta di g | — | — | Commo stock, $0.01 pa value pe sha e; 19,500,000 sha es autho ized 11,279,222 a d 11,227,197 sha es issued, espectively, a d 10,664,785 a d 10,872,067 outsta di g, espectively | 113 | 112 | Additio al paid i capital | 72,039 | 71,445 | Accumulated deficit | (22,835 | ) | (21,874 | ) | T easu y stock of 614,437 a d 355,130 sha es, espectively | (2,913 | ) | (1,578 | ) | Total stockholde s’ equity | 46,404 | 48,105 | Total liabilities a d stockholde s’ equity | $ | 53,590 | $ | 57,837 |
| 2026 | 2025 | 2026 | 2025 | Reve ues | $ | 25,129 | $ | 26,895 | $ | 68,324 | $ | 71,284 | Cost of se vices | 16,046 | 17,235 | 43,913 | 45,654 | G oss p ofit | 9,083 | 9,660 | 24,411 | 25,630 | Selli g, ge e al, a d admi ist ative expe ses | 8,718 | 10,223 | 26,451 | 31,804 | Gai o co ti ge t co side atio | — | (450 | ) | — | (450 | ) | Dep eciatio a d amo tizatio | 159 | 824 | 497 | 1,411 | Ope ati g i come (loss) | 206 | (937 | ) | (2,537 | ) | (7,135 | ) | I te est i come (expe se), et | 38 | (1,570 | ) | 272 | (4,595 | ) | I come (loss) befo e i come taxes f om co ti ui g ope atio s | 244 | (2,507 | ) | (2,265 | ) | (11,730 | ) | I come tax (expe se) be efit f om co ti ui g ope atio s | (150 | ) | (571 | ) | 136 | 1,461 | I come (loss) f om co ti ui g ope atio s | 94 | (3,078 | ) | (2,129 | ) | (10,269 | ) | I come (loss) f om disco ti ued ope atio s: | I come | — | 226 | — | 3,695 | Gai (loss) o sale | 250 | (2,892 | ) | 1,168 | (2,892 | ) | I come tax expe se | — | (68 | ) | — | (804 | ) | Net i come (loss) | $ | 344 | $ | (5,812 | ) | $ | (961 | ) | $ | (10,270 | ) | Net i come (loss) pe sha e – basic a d diluted: | Net i come (loss) f om co ti ui g ope atio s | $ | 0.01 | $ | (0.28 | ) | $ | (0.20 | ) | $ | (0.93 | ) | Net i come (loss) f om disco ti ued ope atio s: | I come | — | 0.02 | — | 0.34 | Gai (loss) o sale | 0.02 | (0.26 | ) | 0.11 | (0.26 | ) | I come tax expe se | — | — | — | (0.08 | ) | Net i come (loss) pe sha e – basic a d diluted | $ | 0.03 | $ | (0.52 | ) | $ | (0.09 | ) | $ | (0.93 | ) | Weighted-ave age sha es outsta di g: | Basic | 10,550 | 11,079 | 10,506 | 11,018 | Diluted | 10,565 | 11,079 | 10,506 | 11,018 | Cash divide ds decla ed pe commo sha e | $ | — | $ | 2.00 | $ | — | $ | 2.00 |
| Septembe 27,2026 | Septembe 28,2025 | Septembe 27,2026 | Septembe 28,2025 | Co t act field tale t | $ | 24,317 | $ | 26,341 | $ | 65,999 | $ | 69,619 | Co ti ge t placeme ts | 812 | 554 | 2,325 | 1,665 | Reve ue | 25,129 | 26,895 | 68,324 | 71,284 | Compe satio a d elated | 16,008 | 17,197 | 43,796 | 45,541 | Othe | 38 | 38 | 117 | 113 | G oss p ofit | 9,083 | 9,660 | 24,411 | 25,630 | Selli g: | Compe satio | 4,253 | 4,349 | 12,853 | 12,469 | Adve tisi g, occupa cy, a d t avel | 470 | 472 | 1,406 | 1,297 | Softwa e, i su a ce, a d p ofessio al fees | 513 | 483 | 1,465 | 1,152 | Othe | 206 | 368 | 720 | 2,577 | Co t ibutio s to ove head | 3,641 | 3,988 | 7,967 | 8,135 | Ge e al a d admi ist ative: | Compe satio | 1,554 | 2,073 | 4,588 | 6,318 | Softwa e | 577 | 750 | 1,801 | 2,197 | P ofessio al fees | 434 | 131 | 1,405 | 1,334 | St ategic alte atives eview/ est uctu i g | 175 | 482 | 1,043 | 2,116 | Othe | 536 | 1,115 | 1,170 | 2,344 | Gai o co ti ge t co side atio | — | (450 | ) | — | (450 | ) | Dep eciatio a d amo tizatio | 159 | 824 | 497 | 1,411 | Ope ati g i come (loss) | 206 | (937 | ) | (2,537 | ) | (7,135 | ) | I te est i come (expe se), et | 38 | (1,570 | ) | 272 | (4,595 | ) | I come tax (expe se) be efit f om co ti ui g ope atio s | (150 | ) | (571 | ) | 136 | 1,461 | I come (loss) f om co ti ui g ope atio s | $ | 94 | $ | (3,078 | ) | $ | (2,129 | ) | $ | (10,269 | ) |
| 2026 | 2025 | Cash flows f om ope ati g activities | Net loss | $ | (961 | ) | $ | (10,270 | ) | Net i come f om disco ti ued ope atio s | (1,168 | ) | (2,891 | ) | Adjustme ts to eco cile et loss to et cash used i ope ati g activities: | Dep eciatio | 73 | 86 | Amo tizatio | 424 | 1,325 | Softwa e as a se vice | 421 | 950 | Loss o sale of disco ti ued ope atio s | — | 2,892 | Loss o disposal of p ope ty a d equipme t | — | 11 | Co ti ge t co side atio adjustme t | — | (450 | ) | Amo tizatio of debt issua ce costs | — | 1,022 | I te est expe se o ote payable | — | 235 | P ovisio fo c edit losses | 334 | 1,822 | Sha e-based compe satio | 595 | 850 | Defe ed i come taxes | 92 | (1,450 | ) | Othe o -cash items | (90 | ) | — | Net cha ges i ope ati g assets a d liabilities: | Accou ts eceivable | (2,411 | ) | (2,236 | ) | Esc ow eceivable | 4,200 | (4,950 | ) | P epaid expe ses | (105 | ) | 302 | Othe cu e t assets | 346 | (516 | ) | Deposits | 20 | 73 | Accou ts payable | (44 | ) | 1,877 | Acc ued pay oll a d expe ses | 594 | 2,642 | T a sitio se vices payable | (2,209 | ) | 1,474 | Acc ued i te est | — | (223 | ) | I come taxes eceivable (payable) | (322 | ) | 323 | Seve a ce payable | (299 | ) | — | Othe cu e t liabilities | — | 1,940 | Ope ati g leases | (30 | ) | (15 | ) | Othe lo g-te m liabilities | — | 3,406 | Net cash used i co ti ui g ope ati g activities | (540 | ) | (1,771 | ) | Net cash p ovided by disco ti ued ope ati g activities | — | 227 | Net cash used i ope ati g activities | (540 | ) | (1,544 | ) | Cash flows f om i vesti g activities | P oceeds f om busi ess sold | 1,168 | 91,528 | Pu chases of sho t-te m i vestme ts | (20,436 | ) | — | P oceeds f om sale of sho t-te m i vestme ts | 8,897 | — | P oceeds f om edemptio s of sho t-te m i vestme ts | 3,007 | — | Capital expe ditu es | (28 | ) | (122 | ) | Net cash (used i ) p ovided by co ti ui g i vesti g activities | (7,392 | ) | 91,406 | Net cash used i disco ti ued i vesti g activities | — | (193 | ) | Net cash (used i ) p ovided by i vesti g activities | (7,392 | ) | 91,213 |
| Cash flows f om fi a ci g activities | Net payme ts u de li e of c edit | — | (10,220 | ) | P i cipal payme ts o lo g-te m debt | — | (32,725 | ) | Payme t of co ve tible ote | — | (4,368 | ) | Issua ce of ESPP sha es | — | 134 | Note payable paid | (449 | ) | (1,289 | ) | Repu chase of commo stock | (1,335 | ) | — | Payme ts of debt issua ce costs | — | (29 | ) | Net cash used i fi a ci g activities | (1,784 | ) | (48,497 | ) | Net cha ge i cash a d cash equivale ts | (9,716 | ) | 41,172 | Less: et cha ge i cash a d cash equivale ts, disco ti ued ope atio s | — | 34 | Cash a d cash equivale ts, begi i g of pe iod | 19,018 | 32 | Cash a d cash equivale ts, e d of pe iod, co ti ui g ope atio s | $ | 9,302 | $ | 41,170 | Suppleme tal cash flow i fo matio : | Cash paid fo i te est | $ | 58 | $ | 3,398 | Cash paid fo state taxes, et of efu ds | $ | 89 | $ | 535 | No -cash t a sactio : Divide ds decla ed | $ | — | $ | 22,400 |
NON-GAAP FINANCIAL MEASURES
The fi a cial esults of BGSF, I c. a e p epa ed i co fo mity with accou ti g p i ciples ge e ally accepted i the U ited States of Ame ica (“GAAP”) a d the ules of the U.S. Secu ities a d Excha ge Commissio . To help the eade s u de sta d ou fi a cial pe fo ma ce, we suppleme t ou GAAP fi a cial esults with Adjusted EBITDA a d Adjusted EPS.
A o -GAAP fi a cial measu e is a ume ical measu e of a compa y’s fi a cial pe fo ma ce that excludes o i cludes amou ts so as to be diffe e t f om the most di ectly compa able measu e calculated a d p ese ted i acco da ce with GAAP i the stateme t of i come, bala ce sheet o stateme t of cash flows of a compa y. Adjusted EBITDA a d Adjusted EPS a e ot measu eme ts of fi a cial pe fo ma ce u de GAAP a d should ot be co side ed as alte atives to et i come, et i come pe diluted sha e, ope ati g i come, o a y othe pe fo ma ce measu e de ived i acco da ce with GAAP, o as alte atives to cash flow f om ope ati g activities o measu es of ou liquidity. We believe that Adjusted EBITDA a d Adjusted EPS a e useful pe fo ma ce measu es a d a e used by us to facilitate a compa iso of ou ope ati g pe fo ma ce o a co siste t basis f om pe iod-to-pe iod a d to p ovide fo a mo e complete u de sta di g of facto s a d t e ds affecti g ou busi ess tha measu es u de GAAP ca p ovide alo e.
We defi e “Adjusted EBITDA” as ea i gs befo e i te est (i come) expe se, i come taxes, dep eciatio a d amo tizatio expe se, costs associated with the evaluatio of pote tial st ategic alte atives (“st ategic alte atives eview/ est uctu i g”), softwa e as a se vice costs, a d ce tai o -cash expe ses such as sha e-based compe satio expe se, as well as ce tai specific eve ts that ma ageme t does ot co side i assessi g ou o -goi g ope ati g pe fo ma ce.
We defi e “Adjusted EPS” as diluted ea i gs pe sha e elimi ati g i te est (i come) expe se, dep eciatio , a d amo tizatio expe se, the st ategic alte atives eview/ est uctu i g, softwa e as a se vice costs, a d ce tai o -cash expe ses such as sha e-based compe satio expe se, as well as ce tai specific eve ts that ma ageme t does ot co side i assessi g ou o -goi g ope ati g pe fo ma ce, et of the espective i come tax effect.
| Septembe 27,2026 | Septembe 28,2025 | Septembe 27,2026 | Septembe 28,2025 | I come (loss) f om co ti ui g ope atio s | $ | 94 | $ | (3,078 | ) | $ | (2,129 | ) | $ | (10,269 | ) | I come tax expe se (be efit) | 150 | 571 | (136 | ) | (1,461 | ) | I te est (i come) expe se, et | (38 | ) | 1,570 | (272 | ) | 4,595 | Ope ati g i come (loss) | 206 | (937 | ) | (2,537 | ) | (7,135 | ) | Dep eciatio a d amo tizatio | 159 | 824 | 497 | 1,411 | Gai o co ti ge t co side atio | — | (450 | ) | — | (450 | ) | Sha e-based compe satio | 178 | 545 | 595 | 850 | St ategic alte atives eview/ est uctu i g | 175 | 482 | 1,043 | 2,116 | Softwa e as a se vice1 | 140 | 516 | 421 | 950 | Aged eceivable adjustme t | — | — | — | 1,070 | Adjusted EBITDA Ma gi (% of eve ue) | 3.4 | % | 3.6 | % | — | % | (1.7 | )% | I come (loss) f om disco ti ued ope atio s | 250 | (2,734 | ) | 1,168 | (1 | ) | Adjustme ts to disco ti ued ope atio s2 | — | 1,059 | — | 4,429 | Adjusted EBITDA f om disco ti ued ope atio s | 250 | (1,675 | ) | 1,168 | 4,428 | Adjusted EBITDA, et | $ | 1,108 | $ | (695 | ) | $ | 1,187 | $ | 3,240 |
1 We capitalize di ect costs i cu ed i cloud computi g impleme tatio f om hosti g a a geme ts, which a e epo ted as a Softwa e as a se vice a d a e expe sed i selli g, ge e al, a d admi ist ative expe ses. 2 Adjusted EBITDA f om disco ti ued ope atio s fo the thi tee a d thi ty- i e weeks e ded Septembe 28, 2025 i cludes $0.9 millio a d $3.6 millio of dep eciatio a d amo tizatio , espectively, a d $0.1 millio a d $0.8 millio of i come tax expe se, espectively.
| Septembe 27,2026 | Septembe 28,2025 | Septembe 27,2026 | Septembe 28,2025 | I come (loss) f om co ti ui g ope atio s pe diluted sha e | $ | 0.01 | $ | (0.28 | ) | $ | (0.20 | ) | $ | (0.93 | ) | I come tax expe se (be efit) | 0.01 | 0.05 | (0.01 | ) | (0.13 | ) | I te est (i come) expe se, et | — | 0.14 | (0.03 | ) | 0.42 | Ope ati g i come (loss) | 0.02 | (0.09 | ) | (0.24 | ) | (0.64 | ) | Dep eciatio a d amo tizatio | 0.02 | 0.07 | 0.05 | 0.13 | Gai o co ti ge t co side atio | — | (0.04 | ) | — | (0.04 | ) | Sha e-based compe satio | 0.02 | 0.05 | 0.06 | 0.08 | St ategic alte atives eview/ est uctu i g | 0.02 | 0.04 | 0.10 | 0.19 | Softwa e as a se vice1 | 0.01 | 0.05 | 0.04 | 0.09 | Aged eceivable adjustme t | — | — | — | 0.10 | Adjusted EPS f om disco ti ued ope atio s | 0.02 | (0.16 | ) | 0.11 | 0.42 | Adjusted EPS | $ | 0.11 | $ | (0.08 | ) | $ | 0.12 | $ | 0.33 |
1 We capitalize di ect costs i cu ed i cloud computi g impleme tatio f om hosti g a a geme ts, which a e epo ted as a Softwa e as a se vice a d a e expe sed i selli g, ge e al, a d admi ist ative expe ses.
