Bgsf Inc Financials

BGSF

Source SEC Filings (10-K/10-Q) Updated Sep 28, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 38/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Bgsf Inc has an operating margin of 0.4%, meaning the company retains $0 of operating profit per $100 of revenue. This below-average margin results in a low score of 2/100, suggesting thin profitability after operating expenses. This is up from -2.3% the prior year.

Growth

Bgsf Inc's revenue declined 13% year-over-year, from $313.2M to $272.5M. This contraction results in a growth score of 0/100.

Leverage

Bgsf Inc carries a low D/E ratio of 0.40, meaning only $0.40 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Bgsf Inc's current ratio of 1.75 indicates adequate short-term liquidity, earning a score of 50/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Bgsf Inc has a free cash flow margin of 8.3%, earning a moderate score of 42/100. The company generates positive cash flow after capital investments, but with room for improvement.

Altman Z-Score Grey Zone

2.69

Bgsf Inc scores 2.69, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Neutral

6/9

Bgsf Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-7.30x

For every $1 of reported earnings, Bgsf Inc generates $-7.30 in operating cash flow ($24.4M OCF vs -$3.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

This page shows Bgsf Inc (BGSF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$272.5M

YoY-13.0%

5Y CAGR-1.0%

10Y CAGR+6.0%

Bgsf Inc generated $272.5M in revenue in fiscal year 2024. This represents a decrease of 13.0% from the prior year.

EBITDA

$9.0M

YoY+1425.0%

5Y CAGR-21.1%

10Y CAGR-1.1%

Bgsf Inc's EBITDA was $9.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 1425.0% from the prior year.

Free Cash Flow

$22.7M

YoY+27.8%

5Y CAGR+5.4%

10Y CAGR+27.1%

Bgsf Inc generated $22.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 27.8% from the prior year.

Net Income

-$3.3M

YoY+67.3%

Bgsf Inc reported -$3.3M in net income in fiscal year 2024. This represents an increase of 67.3% from the prior year.

EPS (Diluted)

$-0.31

YoY+67.4%

Bgsf Inc earned $-0.31 per diluted share (EPS) in fiscal year 2024. This represents an increase of 67.4% from the prior year.

Cash & Debt

$32K

Bgsf Inc held $32K in cash against $32.5M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

11M

YoY+0.0%

Bgsf Inc had 11M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Gross Margin

34.1%

YoY-1.6pp

5Y CAGR+7.4pp

10Y CAGR+14.9pp

Bgsf Inc's gross margin was 34.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 1.6 percentage points from the prior year.

Operating Margin

0.4%

YoY+2.7pp

5Y CAGR-8.0pp

10Y CAGR-2.9pp

Bgsf Inc's operating margin was 0.4% in fiscal year 2024, reflecting core business profitability. This is up 2.7 percentage points from the prior year.

Net Margin

-1.2%

YoY+2.0pp

5Y CAGR-7.3pp

10Y CAGR-6.7pp

Bgsf Inc's net profit margin was -1.2% in fiscal year 2024, showing the share of revenue converted to profit. This is up 2.0 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$1.6M

YoY-36.9%

5Y CAGR+12.2%

10Y CAGR+22.2%

Bgsf Inc invested $1.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 36.9% from the prior year.

BGSF Income Statement

Metric	FY24	FY23	FY21	FY20	FY19	FY18
Revenue	$272.5M-13.0%	$313.2M+31.0%	$239.0M+15.4%	$207.1M-5.8%	$219.8M-23.4%	$286.9M
Cost of Revenue	$179.6M-10.8%	$201.4M+27.4%	$158.1M+12.0%	$141.1M-5.9%	$149.9M-28.7%	$210.3M
Gross Profit	$92.9M-16.9%	$111.8M+38.1%	$80.9M+22.6%	$66.0M-5.4%	$69.8M-8.8%	$76.6M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$85.3M-3.7%	$88.7M+36.1%	$65.1M+17.9%	$55.2M+10.0%	$50.2M-1.7%	$51.1M
Operating Income	$1.2M+116.9%	-$7.2M-149.4%	$14.5M+1282.3%	-$1.2M-108.3%	$14.9M-38.6%	$24.3M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$370K+87.4%	-$2.9M+17.4%	-$3.6M-793.4%	$513K-88.1%	$4.3M+11.5%	$3.9M
Net Income	-$3.3M+67.3%	-$10.2M-172.5%	$14.1M+878.8%	$1.4M-89.1%	$13.2M-24.5%	$17.5M
EPS (Diluted)	$-0.31+67.4%	$-0.95	$1.35	$0.14-89.1%	$1.28-28.5%	$1.79

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$26.9M+14.4%	$23.5M-62.8%	$63.2M-1.8%	$64.4M+116.0%	$29.8M+15.9%	$25.7M-100.0%	$68.8B-6.5%	$73.6B
Cost of Revenue	$17.2M+14.2%	$15.1M-64.3%	$42.3M	N/A	$19.1M+18.6%	$16.1M-100.0%	$45.3B+23176.9%	$194.7M
Gross Profit	$9.7M+14.9%	$8.4M-59.8%	$20.9M-2.5%	$21.5M+100.7%	$10.7M+11.5%	$9.6M-100.0%	$23.4B-7.9%	$25.4B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$10.2M-18.7%	$12.6M-33.5%	$18.9M	N/A	$11.4M+5.8%	$10.7M-99.9%	$21.0B+25174.5%	$83.2M
Operating Income	-$937K+78.8%	-$4.4M-1405.3%	$339K	N/A	-$1.0M+32.0%	-$1.5M-100.4%	$415.0M+2450.8%	$16.3M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$5.8M-55.6%	-$3.7M-417.5%	-$722K+26.4%	-$981K-22.0%	-$804K-5.7%	-$761K+99.9%	-$792.0M-179.3%	$999.0M
EPS (Diluted)	$-0.52-52.9%	$-0.34-385.7%	$-0.07+30.0%	$-0.10-42.9%	$-0.070.0%	$-0.070.0%	$-0.07-163.6%	$0.11

BGSF Balance Sheet

Metric	FY24	FY23	FY21	FY20	FY19	FY18
Total Assets	$150.1M-15.9%	$178.5M+20.4%	$148.3M+13.8%	$130.3M+12.7%	$115.6M+15.3%	$100.3M
Current Assets	$45.3M-32.2%	$66.9M+11.2%	$60.2M+37.9%	$43.6M+7.1%	$40.7M+5.5%	$38.6M
Cash & Equivalents	$32K	$0-100.0%	$112K	$0	$0	$0
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$17.1M-42.1%	$29.6M-38.5%	$48.1M+46.5%	$32.8M-16.7%	$39.4M+4.8%	$37.6M
Goodwill	$1.1M-98.2%	$59.6M+104.5%	$29.1M+7.7%	$27.1M+34.1%	$20.2M+12.2%	$18.0M
Total Liabilities	$67.8M-27.0%	$93.0M+29.7%	$71.7M+10.6%	$64.8M+37.5%	$47.1M+36.3%	$34.6M
Current Liabilities	$25.9M-69.5%	$85.1M+199.7%	$28.4M+55.4%	$18.3M+33.2%	$13.7M-24.1%	$18.1M
Long-Term Debt	$32.5M	$0-100.0%	$23.3M-11.4%	$26.3M+269.1%	$7.1M+23.5%	$5.8M
Total Equity	$82.3M-3.8%	$85.5M+11.7%	$76.6M+17.0%	$65.5M-4.4%	$68.5M+4.2%	$65.7M
Retained Earnings	$12.0M-29.4%	$16.9M+16.0%	$14.6M+189.0%	$5.0M-42.4%	$8.8M+9.6%	$8.0M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$83.6M-44.2%	$149.7M-1.7%	$152.3M+1.4%	$150.1M+95308.5%	$157K-1.5%	$160K-99.9%	$170.6M-4.5%	$178.5M
Current Assets	$64.0M+34.4%	$47.6M-3.9%	$49.5M+9.3%	$45.3M+88036.3%	$51K-2.8%	$53K-99.9%	$61.6M-7.9%	$66.9M
Cash & Equivalents	$41.2M+1382.5%	$2.8M+35.5%	$2.0M+6306.3%	$32K+12113.7%	$262+15.9%	$226+352.0%	$50	$0
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$15.1M+10.9%	$13.6M-68.0%	$42.6M+148.2%	$17.1M+37118.4%	$46K-0.8%	$46K-99.9%	$52.4M+77.1%	$29.6M
Goodwill	$1.1M0.0%	$1.1M-98.2%	$59.2M+5407.5%	$1.1M+1715.7%	$59K0.0%	$59K-99.9%	$59.2M-0.7%	$59.6M
Total Liabilities	$32.9M-53.9%	$71.4M+1.4%	$70.4M+3.8%	$67.8M+181.9%	-$82.8M+0.3%	-$83.0M-195.4%	$87.0M-6.4%	$93.0M
Current Liabilities	$32.5M+12.0%	$29.0M+3.2%	$28.1M+8.4%	$25.9M+88024.7%	$29K+12.2%	$26K-99.9%	$29.5M-65.3%	$85.1M
Long-Term Debt	N/A	N/A	N/A	$32.5M	N/A	N/A	N/A	$0
Total Equity	$50.7M-35.3%	$78.3M-4.3%	$81.8M-0.5%	$82.3M-0.8%	$82.9M-0.3%	$83.2M-0.5%	$83.6M-2.3%	$85.5M
Retained Earnings	-$20.7M-376.3%	$7.5M-33.3%	$11.2M-6.0%	$12.0M+92317.1%	$13K-5.9%	$14K-99.9%	$14.5M-14.4%	$16.9M

BGSF Cash Flow Statement

Metric	FY24	FY23	FY21	FY20	FY19	FY18
Operating Cash Flow	$24.4M+19.6%	$20.4M+206.0%	$6.7M-70.1%	$22.3M+24.0%	$18.0M-2.6%	$18.4M
Capital Expenditures	$1.6M-36.9%	$2.6M-18.9%	$3.2M+54.3%	$2.1M0.0%	$2.1M+124.8%	$924K
Free Cash Flow	$22.7M+27.8%	$17.8M+414.3%	$3.5M-82.9%	$20.2M+27.1%	$15.9M-9.3%	$17.5M
Investing Cash Flow	-$1.6M+82.8%	-$9.5M-35.4%	-$7.0M+70.9%	-$24.1M-148.2%	-$9.7M-952.9%	-$924K
Financing Cash Flow	-$22.4M-105.9%	-$10.9M-2398.5%	$473K-75.0%	$1.9M+123.0%	-$8.2M+53.0%	-$17.5M
Dividends Paid	$1.6M-74.8%	$6.5M+42.5%	$4.6M-11.4%	$5.2M-58.0%	$12.3M+12.5%	$10.9M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	-$4.8M-321.2%	$2.2M+102.2%	$1.1M-66.8%	$3.2M-50.5%	$6.5M-11.9%	$7.3M-99.9%	$7.4B-63.8%	$20.4B
Capital Expenditures	$109K+1190.0%	-$10K-143.5%	$23K-96.0%	$577K+153766.7%	$375-25.1%	$501-100.0%	$494.0M-81.0%	$2.6B
Free Cash Flow	-$4.9M-327.4%	$2.1M+105.7%	$1.0M-60.3%	$2.6M-59.4%	$6.5M-11.9%	$7.3M-99.9%	$6.9B-61.3%	$17.8B
Investing Cash Flow	$91.3M+172343.4%	-$53K-130.4%	-$23K+91.5%	-$270K+28.0%	-$375K+25.1%	-$501K+99.9%	-$494.0M+94.8%	-$9.5B
Financing Cash Flow	-$48.3M-5515.5%	-$860K-231.1%	$656K+123.7%	-$2.8M+54.7%	-$6.1M+8.1%	-$6.7M+99.9%	-$6.8B+37.1%	-$10.9B
Dividends Paid	$22.4M	$0	$0	$0	$0	$0-100.0%	$1.6B-74.8%	$6.5B
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BGSF Financial Ratios

Metric	FY24	FY23	FY21	FY20	FY19	FY18
Gross Margin	34.1%-1.6pp	35.7%+1.8pp	33.9%+2.0pp	31.9%+0.1pp	31.8%+5.1pp	26.7%
Operating Margin	0.4%+2.7pp	-2.3%-8.4pp	6.1%+6.7pp	-0.6%-7.4pp	6.8%-1.7pp	8.5%
Net Margin	-1.2%+2.0pp	-3.3%-9.2pp	5.9%+5.2pp	0.7%-5.3pp	6.0%-0.1pp	6.1%
Return on Equity	N/A	30.5%+12.1pp	18.4%+16.2pp	2.2%-17.2pp	19.4%-7.4pp	26.7%
Return on Assets	-2.2%+3.5pp	-5.7%-15.2pp	9.5%+8.4pp	1.1%-10.3pp	11.5%-6.0pp	17.5%
Current Ratio	1.75+1.0	0.79-1.3	2.12-0.3	2.39-0.6	2.97+0.8	2.14
Debt-to-Equity	0.40+0.4	0.00-0.3	0.30-0.1	0.40+0.3	0.10+0.0	0.09
FCF Margin	8.3%+2.7pp	5.7%+4.2pp	1.5%-8.3pp	9.7%+2.5pp	7.2%+1.1pp	6.1%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	35.9%+0.1pp	35.8%+2.7pp	33.1%-0.2pp	33.3%-2.5pp	35.9%-1.4pp	37.3%+3.2pp	34.1%-0.5pp	34.6%
Operating Margin	-3.5%+15.3pp	-18.8%-19.4pp	0.5%	N/A	-3.4%+2.4pp	-5.7%-6.3pp	0.6%-20.4pp	21.1%
Net Margin	-21.6%-5.7pp	-15.9%-14.8pp	-1.1%+0.4pp	-1.5%+1.2pp	-2.7%+0.3pp	-3.0%-1.8pp	-1.1%-2.5pp	1.4%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	1167.9%
Return on Assets	-7.0%-4.5pp	-2.5%-2.0pp	-0.5%+0.2pp	-0.7%+510.4pp	-511.0%-34.6pp	-476.4%-12.0pp	-464.4%-1024.0pp	559.6%
Current Ratio	1.97+0.3	1.64-0.1	1.76+0.0	1.750.0	1.75-0.3	2.02-0.1	2.09+1.3	0.79
Debt-to-Equity	0.65-0.3	0.91+0.1	0.86+0.5	0.40+1.4	-1.000.0	-1.00-2.0	1.04+1.0	0.00
FCF Margin	-18.1%-27.2pp	9.1%+7.5pp	1.7%-2.4pp	4.1%-17.6pp	21.7%-6.9pp	28.5%+18.5pp	10.0%-14.1pp	24.2%

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Frequently Asked Questions

What is Bgsf Inc's annual revenue?

Bgsf Inc (BGSF) reported $272.5M in total revenue for fiscal year 2024. This represents a -13.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Bgsf Inc's revenue growing?

Bgsf Inc (BGSF) revenue declined by 13% year-over-year, from $313.2M to $272.5M in fiscal year 2024.

Is Bgsf Inc profitable?

No, Bgsf Inc (BGSF) reported a net income of -$3.3M in fiscal year 2024, with a net profit margin of -1.2%.

What is Bgsf Inc's earnings per share (EPS)?

Bgsf Inc (BGSF) reported diluted earnings per share of $-0.31 for fiscal year 2024. This represents a 67.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Bgsf Inc's EBITDA?

Bgsf Inc (BGSF) had EBITDA of $9.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Bgsf Inc have?

As of fiscal year 2024, Bgsf Inc (BGSF) had $32K in cash and equivalents against $32.5M in long-term debt.

What is Bgsf Inc's gross margin?

Bgsf Inc (BGSF) had a gross margin of 34.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Bgsf Inc's operating margin?

Bgsf Inc (BGSF) had an operating margin of 0.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Bgsf Inc's net profit margin?

Bgsf Inc (BGSF) had a net profit margin of -1.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Bgsf Inc's free cash flow?

Bgsf Inc (BGSF) generated $22.7M in free cash flow during fiscal year 2024. This represents a 27.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Bgsf Inc's operating cash flow?

Bgsf Inc (BGSF) generated $24.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Bgsf Inc's total assets?

Bgsf Inc (BGSF) had $150.1M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Bgsf Inc's capital expenditures?

Bgsf Inc (BGSF) invested $1.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Bgsf Inc have outstanding?

Bgsf Inc (BGSF) had 11M shares outstanding as of fiscal year 2024.

What is Bgsf Inc's current ratio?

Bgsf Inc (BGSF) had a current ratio of 1.75 as of fiscal year 2024, which is generally considered healthy.

What is Bgsf Inc's debt-to-equity ratio?

Bgsf Inc (BGSF) had a debt-to-equity ratio of 0.40 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Bgsf Inc's return on assets (ROA)?

Bgsf Inc (BGSF) had a return on assets of -2.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Bgsf Inc's Altman Z-Score?

Bgsf Inc (BGSF) has an Altman Z-Score of 2.69, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Bgsf Inc's Piotroski F-Score?

Bgsf Inc (BGSF) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Bgsf Inc's earnings high quality?

Bgsf Inc (BGSF) has an earnings quality ratio of -7.30x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Bgsf Inc?

Bgsf Inc (BGSF) scores 38 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.