BG Staffing Inc

BGSF reported second quarter fiscal 2026 revenue of $22.3 million, down 5.1% from the prior year, as property owners and managers continued to curb discretionary spending on temporary staffing amid higher interest rates and elevated operating costs. Gross profit was $7.9 million with a gross margin of 35.5%, slightly below the prior year's 35.8%, while SG&A expenses fell 29% to $8.9 million. Adjusted EBITDA was a loss of $298,000, an improvement from a $1.2 million loss a year earlier, and the company posted a GAAP net loss from continuing operations of $0.08 per diluted share versus $0.41 per share in the prior year. BGSF ended the quarter with $18.2 million in cash and short-term investments, repurchased 56,256 shares at an average price of $5.20 per share, and expects full year 2026 revenue to remain relatively consistent with 2025 levels. The company also said its new PropTech offering is expected to contribute approximately 1% to 2% of revenue in 2027.