BARRETT BUSINESS SERVICES INC SEC Filings

Barrett Business Services, Inc. provides professional employer and staffing services to small and mid-sized businesses, primarily in the U.S. For the quarter ended June 30, 2026, total revenues were $319,268 (thousands), up from $307,657 (thousands), driven mainly by professional employer services. Quarterly net income was $12,870 (thousands), but for the first six months of 2026 the company reported a net loss of $1,933 (thousands) versus net income of $17,433 (thousands) a year earlier, reflecting higher workers’ compensation costs and significant tax-related charges.

Operating cash flow for the first half of 2026 was net cash used of $77,954 (thousands), alongside substantial share repurchases and dividends, reducing cash and cash equivalents to $27,037 (thousands) from $95,033 (thousands) at year-end 2025, while maintaining $204,229 (thousands) in investments and $162,596 (thousands) in restricted cash and investments. Workers’ compensation claims liabilities totaled $97,906 (thousands). A March 2026 U.S. Tax Court decision on wage-based tax credits led to additional income tax expense of $8.6 million and $4.1 million of interest, increasing net loss by $11.6 million. Separately, the IRS has issued a proposed adjustment that may disallow up to $63.0 million of Employee Retention Tax Credits claimed for clients; no related liability has been recorded. The company remains in compliance with covenants on its undrawn $50.0 million revolving credit facility.

Barrett Business Services, Inc. reported second quarter 2026 revenue of $319.3 million, up 4% year over year, and gross billings of $2.29 billion, up 3%. Net income declined to $12.9 million, or $0.52 per diluted share, from $18.5 million, or $0.70, as workers’ compensation expense rose to 2.5% of gross billings and favorable prior-year claims adjustments were smaller.

For the first six months of 2026 the company posted a GAAP net loss of $1.9 million, driven by an $11.6 million non-recurring tax adjustment, while non-GAAP net income was $9.6 million, or $0.39 per diluted share. BBSI returned capital through $15.0 million of share repurchases and $1.9 million of dividends in the quarter and declared a regular quarterly dividend of $0.08 per share payable September 4, 2026. Updated 2026 guidance calls for gross billings growth of 3% to 4%, average worksite employee growth of 2% to 3%, gross margin of 2.70% to 2.75%, and an effective tax rate of 26% to 27% excluding the tax charge.

BARRETT BUSINESS SERVICES INC executive James R. Potts reported selling a total of 8,779 shares of common stock in open-market transactions. The sales occurred on July 2, July 6, and July 7, 2026 at prices around $37–$38 per share. Following these trades, Potts directly holds 32,035 shares. The filing notes the transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 15, 2025, indicating the sales were scheduled in advance rather than timed discretionarily.

Barrett Business Services director Anthony Meeker sold shares in the company. On July 2, 2026, he completed an open-market sale of 12,000 shares of Common Stock at a weighted average price of $37.8522 per share, executed in multiple trades between $37.69 and $37.9183. Following this transaction, he directly holds 44,945 shares of Barrett Business Services.

Morgan Stanley Smith Barney LLC Executive Financial Services submitted a Rule 144 notice disclosing proposed sales of 3,490 shares of Common stock consisting of restricted stock units dated 07/01/2026. The filing also lists recent 10b5-1 reported sales of 3,487 shares on 07/06/2026 and 1,802 shares on 07/02/2026, with cash amounts reported for each sale.

Barrett Business Services, Inc. Schedule 13G shows Private Capital Management, LLC reports beneficial ownership of 1,260,539 shares of Common Stock, representing 5.13% of the class as of 06/30/2026. The filing states PCM has 402,169 shares of sole voting power and 858,370 shares of shared voting power; PCM disclaims beneficial ownership of shares over which it has dispositive power and disclaims the existence of a group.

BBSI submitted a Form 144 notice reporting executive security activity. The filing lists 3,487 Restricted Stock Units with an effective date of 07/01/2026. It also discloses a 10b5-1 sale of 1,802 shares on 07/02/2026 generating $68,476.00.

The broker listed is Morgan Stanley Smith Barney LLC and the exchange noted is NASDAQ. The filing supplies transaction dates and amounts but does not state additional proceeds treatment or insider attribution beyond the 10b5-1 label.

BARRETT BUSINESS SERVICES INC director Mark Steven Finn reported equity compensation activity involving the company’s stock. He exercised 2,344 previously awarded Restricted Stock Units into an equal number of common shares at no cost, bringing his direct common stock holdings to 23,287 shares. He also received a new award of 2,782 Restricted Stock Units, each representing a right to one share of common stock. Footnotes explain these RSUs vest in single installments on future July 1 dates and will be settled in unrestricted common shares when they vest.

Barrett Business Services director Joseph Stephen Clabby exercised equity awards and increased his shareholdings. On July 1, 2026, previously granted Restricted Stock Units covering 2,344 shares vested and were settled in unrestricted common stock, bringing his direct holdings to 17,735 common shares.

On the same date, he received a new grant of 2,782 Restricted Stock Units, each representing a right to one common share. These RSUs vest in one installment on July 1, 2027 and will be settled in unrestricted common stock at vesting, reflecting routine, compensation-related equity activity with no open-market buying or selling.