BGSF, Inc. reported a decline in revenue for the second quarter of fiscal 2026, with total revenues of $22.3 million, down from $23.5 million in the same period last year. For the first half of the fiscal year, revenues also decreased to $43.2 million from $44.4 million in the prior year. The company's gross profit for the quarter was $7.9 million, compared to $8.4 million in the previous year, while the gross profit for the first half fell to $15.3 million from $16.0 million. The company recorded an operating loss of $1.2 million for the quarter, an improvement from a loss of $4.0 million in the same quarter of the previous year.
The financial performance reflects significant changes compared to the previous fiscal period, particularly in the context of the company's strategic restructuring. BGSF completed the sale of its Professional segment in September 2025, which has been classified as discontinued operations. This sale has impacted the overall financial results, as the Professional segment had previously contributed substantial revenues. The company is now focusing on its Property Management segment, which has the capacity to service all U.S. states and D.C., providing workforce solutions primarily for property management companies.
Operationally, BGSF has seen fluctuations in its customer base and engagement metrics. The company reported a decrease in accounts receivable, which stood at $11.9 million as of June 28, 2026, compared to $11.9 million at the end of the previous fiscal year. The company’s cash and cash equivalents also decreased significantly to $9.7 million from $19.0 million. The reduction in cash reserves is attributed to increased operational costs and investments in strategic initiatives, including a focus on enhancing its workforce solutions capabilities.
Looking ahead, BGSF has indicated that it is committed to maximizing shareholder value through ongoing evaluations of strategic alternatives. The company is also focused on improving its operational efficiency and expanding its market presence within the Property Management segment. However, the outlook remains cautious due to potential risks, including market conditions, competition, and the availability of qualified field talent. The company has not provided specific financial guidance but emphasizes its commitment to navigating these challenges while pursuing growth opportunities in the workforce solutions market.
About BGSF, INC.
BGSF, Inc. is a U.S.-based workforce solutions provider specializing in consulting, managed services, and professional staffing across Property Management and Professional segments. It supplies field talent—including IT, finance, and office maintenance professionals—to diverse industries and client partners ranging from small businesses to Fortune 500 companies. BGSF’s business model emphasizes flexible, on-demand workforce solutions that convert fixed labor costs to variable expenses, supported by centralized operations and regional management.
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