Bgsf, Inc. is a US-listed company in the human resource & employment services industry. Its financial year ends in December.
Loading chart…
Third-party market data · may be delayed
Under review: data-quality checks not passed.
Under review: data-quality checks not passed. We'll show the comparison once resolved.
Bgsf, Inc. valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months to June 2026 was $92m, down 6.5% on a year earlier, a smaller fall than the 7.4% decline a quarter earlier. Free-cash-flow margin fell to -4.9% from 12.9% a year earlier. Operating margin widened to -5.9% from -9.0%. It passes 2 of our 2 financial-health checks.
Our model value for Bgsf is under review, so past values are not shown until it is resolved.
Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Bgsf, Inc.'s trailing-twelve-month revenue fell 6.5% year on year, with a free-cash-flow margin of -4.9%.
Our discounted-cash-flow model values the business at ~$12 per share in the base case (~$9.4–$15 across growth scenarios) — model values under stated assumptions, not a price target.
Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 23% in the quarter to 2025-06-30, the 2nd beat in the last four quarters.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Loading chart…
Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
Our value per share comes from a discounted-cash-flow model of Bgsf, Inc.'s free cash flow after stock-based pay ( $6.3M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
We value Bgsf, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.1%: the 10-year Treasury yield (4.9%) plus a beta of 0.7 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. | ~$12 ~$9.4–$15 | Primary model, counts double |
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Bgsf, Inc. with Human Resource & Employment Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
| At fiscal year end | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Now |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share price | $7.83 | $8.57 | $11.46 | $12.68 | $7.81 | $8.96 | $10.26 | $6.65 | $4.41 | $4.76 | $3.99 |
| Market value | $66m | $77m | $112m | $131m | $81m | $93m | $107m | $72m | $48m | $52m | $43m |
| + Net debt (− = net cash) | $24m | $24m | $14m | $20m | $29m | $27m | $40m | $59m | $36m | −$19m | −$10m |
| Enterprise value | $89m | $101m | $127m | $152m | $110m | $120m | $147m | $130m | $84m | $33m | $34m |
| Multiples | |||||||||||
| Price / sales | 0.3x | 0.3x | 0.4x | 0.6x | 0.4x | 0.4x | 0.4x | 0.6x | 0.5x | 0.6x | 0.5x |
| Price / earnings | 9.6x | 13.2x | 6.4x | 9.9x | 56.0x | 6.6x | 4.2x | — | — | — | — |
| Price / free cash flow | 7.7x | 4.6x | 6.4x | 8.3x | 4.0x | 27.0x | — | 3.9x | 2.1x | n/m | — |
| EV / EBITDA | 4.0x | 4.2x | 4.3x | 7.7x | 30.2x | 6.6x | 7.2x | 29.7x | — | — | — |
Weak moat
How hard Bgsf's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
Cash operating profit has been a median 16.3% of total assets over 10 years.
Gross margin has been a median 34.2%, moving by 3.8 percentage points (standard deviation) across 9 years.
Operating margin has been a median 2.7%; its worst year was -9.0%.
Free cash flow was positive in 7 of 9 years, at a median 5.1% of revenue.
The diluted share count rose 4.8% over five years; stock-based pay has been a median 0.4% of revenue.
AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (56 before it).
Next results: November 4, 2026, after the close.
No analyst estimates are published for Bgsf, Inc.: too few analysts cover it.
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2025 | −$0.44 | −$0.34 | +22.7% |
| Mar 2025 | −$0.11 | −$0.07 | +36.4% |
| Dec 2024 | −$0.08 | −$0.10 | −25.0% |
| Sept 2024 | $0.11 | −$0.07 | −163.6% |
Adjusted EPS as companies report it, against the average analyst estimate.
Last 12 months +19.1%
| Part | Then | Now | Effect |
|---|---|---|---|
| Revenue (last 12 months) | $99m | $92m | −6.5% |
| P/S multiple | 0.4x | 0.5x | +26.2% |
| Share count | 11m | 11m | +0.9% |
Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.
Last 3 years −39.7%
| Part | Then | Now | Effect |
|---|---|---|---|
| Revenue (last 12 months) | $312m | $92m | −70.5% |
| P/S multiple | 0.2x | 0.5x | +108.2% |
| Share count | 11m | 11m | −2.0% |
Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| BGSF | +10% | +12% | −35% | −43% | +23% | −14% |
| Industry peers (median) | +48% | −21% | +6% | −15% | −35% | +19% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| BGSF | 67% | 50% | 33% | 50% | 42% | 36% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| BGSF | −30% | −29% | −43% | −50% | −50% | −39% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since November 2, 2015: 87% from August 17, 2018 to April 10, 2025. Getting back needed a 671% gain, and the shares have not yet recovered.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| August 5, 2026 | +1.4% | −0.4% | −3.2% | −5.9% |
| May 6, 2026 | −4.2% | +1.1% | −5.9% | −4.2% |
| March 11, 2026 | −0.6% | −1.6% | −0.5% | −4.3% |
| November 7, 2025 | +16.5% | +1.7% | +21.7% | +34.3% |
| August 7, 2025 | −13.5% | +0.7% | −16.1% | −7.5% |
| May 7, 2025 | +3.0% | +1.1% | +20.2% | +29.8% |
| March 13, 2025 | −10.8% | +0.7% | −4.9% | −23.7% |
| November 7, 2024 | −6.4% | +1.2% | −19.0% | −26.6% |
| August 7, 2024 | +3.0% | +1.6% | −6.5% | −7.1% |
| May 9, 2024 | −16.5% | +0.7% | −24.3% | −26.2% |
| March 14, 2024 | +4.1% | −0.9% | +6.1% | −3.7% |
| November 9, 2023 | +3.3% | +0.8% | +3.7% | +1.1% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY23 Q3 | $316.9M |
| FY23 Q4 | $313.2M |
| FY24 Q1 | $262.4M |
| FY24 Q2 | $207.3M |
| FY24 Q3 | $153.7M |
| FY24 Q4 | $104.4M |
| FY25 Q1 | $100.7M |
| FY25 Q2 | $98.5M |
| FY25 Q3 | $95.6M |
| FY25 Q4 | $93.3M |
| FY26 Q1 | $93.3M |
| FY26 Q2 | $92.1M |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY23 Q3 | 9.7% |
| FY23 Q4 | 4.9% |
| FY24 Q1 | -14.0% |
| FY24 Q2 | -33.5% |
| FY24 Q3 | -51.5% |
| FY24 Q4 | -66.7% |
| FY25 Q1 | -61.6% |
| FY25 Q2 | -52.5% |
| FY25 Q3 | -37.8% |
| FY25 Q4 | -10.6% |
| FY26 Q1 | -7.4% |
| FY26 Q2 | -6.5% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Operating margin (TTM) |
|---|---|
| FY23 Q3 | 5.1% |
| FY23 Q4 | 1.0% |
| FY24 Q1 | 1.3% |
| FY24 Q2 | 1.0% |
| FY24 Q3 | 0.7% |
| FY24 Q4 | -4.0% |
| FY25 Q1 | -6.3% |
| FY25 Q2 | -9.0% |
| FY25 Q3 | -9.2% |
| FY25 Q4 | -9.1% |
| FY26 Q1 | -8.8% |
| FY26 Q2 | -5.9% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY23 Q3 | -4.0% |
| FY23 Q4 | 5.8% |
| FY24 Q1 | 9.6% |
| FY24 Q2 | 15.6% |
| FY24 Q3 | 25.3% |
| FY24 Q4 | 22.7% |
| FY25 Q1 | 17.8% |
| FY25 Q2 | 12.9% |
| FY25 Q3 | 1.4% |
| FY25 Q4 | 0.0% |
| FY26 Q1 | -2.5% |
| FY26 Q2 | -4.9% |
| Fiscal year | 2016 Dec 2016 | 2017 Dec 2017 | 2018 Dec 2018 | 2019 Dec 2019 | 2020 Dec 2020 | 2021 Dec 2021 | 2022 Jan 2023 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 | LTM Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income | |||||||||||
| Revenue | 254 | 273 | 287 | 220 | 207 | 239 | 298 | 125 | 104 | 93 | 92 |
| Gross profit | 60 | 68 | 77 | 70 | 66 | 81 | 104 | 50 | 38 | 33 | 33 |
| EBITDA | 22 | 24 | 29 | 20 | 4 | 18 | 20 | 4 | −5 | −7 | −4 |
| Operating income | 16 | 18 | 24 | 15 | −1 | 15 | 16 | 3 | −6 | −9 | −5 |
| Net income | 7 | 6 | 18 | 13 | 1 | 14 | 25 | −10 | −3 | −11 | −4 |
| Diluted EPS | $0.82 | $0.65 | $1.79 | $1.28 | $0.14 | $1.35 | $2.42 | −$0.95 | −$0.31 | −$1.04 | −$0.35 |
| Growth (year on year) | |||||||||||
| Revenue | — | +7.4% | +5.2% | −23.4% | −5.8% | +15.4% | +24.8% | −58.1% | −16.5% | −10.6% | −6.5% |
| EBITDA | — | +8.0% | +21.8% | −33.1% | −81.5% | — | +11.6% | −78.4% | −203.4% | — | — |
| Operating income | — | +14.3% | +36.6% | −38.6% | −108.3% | — | +12.1% | −81.1% | −291.1% | — | — |
| Net income | — | −15.0% | +200.1% | −24.5% | −89.1% | — | +79.8% | −140.3% | — | — | — |
| Diluted EPS | — | −20.7% | +175.4% | −28.5% | −89.1% | — | +79.3% | −139.3% | — | — | — |
| Margins | |||||||||||
| Gross margin | 23.7% | 25.1% | 26.7% | 31.8% | 31.9% | 33.9% | 34.7% | 39.8% | 36.8% | 35.7% | 35.5% |
| EBITDA margin | 8.8% | 8.8% | 10.2% | 8.9% | 1.8% | 7.6% | 6.8% | 3.5% | −4.3% | −7.9% | −4.5% |
| Operating margin | 6.1% | 6.5% | 8.5% | 6.8% | −0.6% | 6.1% | 5.5% | 2.5% | −5.6% | −9.5% | −5.9% |
| Net margin | 2.7% | 2.1% | 6.1% | 6.0% | 0.7% | 5.9% | 8.5% | −8.2% | −3.2% | −12.2% | −4.1% |
| Free-cash-flow margin | 3.4% | 6.2% | 6.1% | 7.2% | 9.7% | 1.4% | −4.3% | 14.6% | 22.2% | 0.0% | −3.5% |
| Cash flow | |||||||||||
| Cash from operations | 10 | 18 | 18 | 18 | 22 | 7 | −7 | 20 | 24 | 0 | −3 |
| Capital spending | 1 | 1 | 1 | 2 | 2 | 3 | 6 | 2 | 1 | 0 | 0 |
| Free cash flow | 9 | 17 | 18 | 16 | 20 | 3 | −13 | 18 | 23 | 0 | −3 |
| Stock-based pay | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Free cash flow after stock pay | 8 | 16 | 16 | 15 | 19 | 2 | −14 | 17 | 22 | −1 | −4 |
| Balance sheet | |||||||||||
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19 | 10 |
| Total debt | 24 | 24 | 14 | 20 | 29 | 27 | 40 | 59 | 36 | 0 | 0 |
| Net debt (negative = net cash) | 24 | 24 | 14 | 20 | 29 | 27 | 40 | 59 | 36 | −19 | −10 |
| Diluted shares | 8m | 9m | 10m | 10m | 10m | 10m | 10m | 11m | 11m | 11m | 11m |
| Returned to shareholders | |||||||||||
| Dividends | 8 | 9 | 11 | 12 | 5 | 5 | 6 | 7 | 2 | 22 | — |
| Buybacks | — | — | — | — | — | — | — | 0 | 0 | 2 | — |
| Total returned | 8 | 9 | 11 | 12 | 5 | 5 | 6 | 7 | 2 | 24 | — |
| Quarter | 2024 Q3 Sept 2024 | 2024 Q4 Dec 2024 | 2025 Q1 Mar 2025 | 2025 Q2 Jun 2025 | 2025 Q3 Sept 2025 | 2025 Q4 Dec 2025 | 2026 Q1 Mar 2026 | 2026 Q2 Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 30 | 24 | 21 | 24 | 27 | 22 | 21 | 22 |
| Gross profit | 11 | 9 | 8 | 8 | 10 | 8 | 7 | 8 |
| EBITDA | −1 | −2 | −1 | −4 | −0 | −2 | −1 | −1 |
| Operating income | −1 | −2 | −2 | −4 | −1 | −2 | −2 | −1 |
| Net income | −1 | −1 | −1 | −4 | −1 | −1 | −0 | −1 |
| Diluted EPS | −$0.07 | −$0.09 | −$0.06 | −$0.34 | −$0.11 | −$0.10 | — | — |
| Growth (year on year) | ||||||||
| Revenue | −64.3% | −67.0% | −14.9% | −8.6% | −9.8% | −9.4% | −0.0% | −5.1% |
| EBITDA | — | −141.1% | −159.6% | — | — | — | — | — |
| Operating income | — | −169.1% | — | — | — | — | — | — |
| Net income | −130.5% | — | — | — | — | — | — | — |
| Diluted EPS | −129.2% | — | — | — | — | — | — | — |
| Margins | ||||||||
| Gross margin | 35.9% | 35.9% | 36.2% | 35.8% | 35.9% | 35.0% | 35.5% | 35.5% |
| EBITDA margin | −2.2% | −7.4% | −6.9% | −15.8% | −0.4% | −7.4% | −6.7% | −4.5% |
| Operating margin | −3.4% | −8.8% | −8.5% | −16.9% | −3.5% | −8.0% | −7.4% | −5.3% |
| Net margin | −2.7% | −4.0% | −3.5% | −15.9% | −5.0% | −5.3% | −2.3% | −3.7% |
| Free-cash-flow margin | 21.7% | 12.5% | 5.0% | 9.2% | −18.1% | 7.6% | — | −0.7% |
| Cash flow | ||||||||
| Cash from operations | 6 | 3 | 1 | 2 | −5 | 2 | 0 | −0 |
| Capital spending | 0 | 0 | 0 | −0 | 0 | 0 | — | 0 |
| Free cash flow | 6 | 3 | 1 | 2 | −5 | 2 | — | −0 |
| Stock-based pay | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Free cash flow after stock pay | 6 | 3 | 1 | 2 | −5 | 2 | — | −0 |
| Last 12 months unless stated | BGSF | JOB | STRR | HQI | RGP | CLIK | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $92m | $84m | $210m | $30m | $430m | $17m | $1.5bn |
| Revenue growth, last 12 months | −6.5% | −15.1% | 52.1% | −7.5% | −19.6% | 61.4% | 5.2% |
| Revenue growth, 3-year average | −33.4% | −19.2% | 5.2% | −4.6% | −16.6% | — | −0.7% |
| Revenue growth, latest quarter | −5.1% | −15.3% | 54.6% | 6.0% | −18.4% | — | 4.4% |
| Gross margin | 35.5% | 37.4% | 42.0% | 99.0% | 37.0% | 16.0% | 28.3% |
| Operating margin | −5.9% | −1.0% | −3.4% | 28.4% | −10.1% | 0.6% | 0.6% |
| Operating margin, 3-year average | −4.7% | −16.1% | −2.5% | 20.3% | −14.4% | — | 1.7% |
| Net margin | −4.1% | −0.1% | −4.3% | 27.1% | −10.7% | 10.8% | 1.1% |
| Cash from operations / revenue | −3.5% | 1.9% | −4.6% | 31.5% | −2.2% | −2.1% | 1.8% |
| Free-cash-flow margin | −4.9% | 1.7% | −6.8% | 31.4% | −2.5% | −4.4% | 0.9% |
| Free-cash-flow margin, 3-year average | 7.9% | 1.0% | −2.5% | 37.3% | 1.0% | — | 3.3% |
| Stock pay / revenue | 1.2% | 0.5% | 1.0% | 2.7% | 2.5% | 13.3% | 1.2% |
| Change in share count | −0.9% | 18.9% | 19.6% | −0.4% | 2.9% | >999% | −0.3% |
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Tieton Capital Management, LLC | $3.6M | 633K | 23.2% | ▲ 0.4% |
| Vanguard Capital Management LLC | $2.8M | 485K | 17.8% | ▼ 1.1% |
| Pacific Ridge Capital Partners, LLC | $2.2M | 381K | 14.0% | ▼ 0.8% |
| Blackrock, Inc. | $936,931 | 164K | 6.0% | ▲ 5.7% |
| Sei Investments Co | $803,957 | 141K | 5.2% | ▼ 50.0% |
| Dimensional Fund Advisors LP | $792,526 | 139K | 5.1% | ▼ 5.1% |
| Geode Capital Management, LLC | $640,338 | 112K | 4.1% | ▲ 1.9% |
| Bridgeway Capital Management, LLC | $580,336 | 102K | 3.7% | ▲ 2.9% |
| Citadel Advisors LLC | $502,257 | 88K | 3.2% | ▲ 71.5% |
| Susquehanna International Group, LLP | $462,590 | 81K | 3.0% | ▲ 14.3% |
| Vanguard Fiduciary Trust Co | $346,351 | 61K | 2.2% | ▲ 0.8% |
| Clear Harbor Asset Management, LLC | $297,228 | 52K | 1.9% | 0.0% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Bgsf, Inc.'s complete shareholder register. Values are as reported by the filers .
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Next expected around November 6, 2026 estimated from the company's past filing pattern, not announced
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
New research on the companies we cover arrives in the weekly email. Free, one email a week.
