Every 10-Q that Barrett Business Services (BBSI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow BBSI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BBSI filings page.
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 a first‑quarter 2026 net loss of $14.8 million, or $0.59 per share, compared with a $1.0 million net loss a year earlier. Revenue rose 4.9% to $307.0 million, driven by higher professional employer services, while staffing revenue declined.
Results were heavily affected by an $11.6 million tax-effected charge after a U.S. Tax Court decision disallowed certain prior‑year wage‑based tax credits. Excluding this non‑recurring item, non‑GAAP net loss was $3.2 million, or $0.13 per share. Gross margin held at 2.0% of gross billings, with modest growth in worksite employees and higher benefit costs.
Barrett Business Services (BBSI) reported Q3 results showing steady growth and solid profitability. Total revenue reached $318,949 thousand, up from $294,278 thousand a year ago, led by professional employer services at $299,685 thousand. Gross margin was $76,765 thousand and income from operations was $24,782 thousand. Net income was $20,619 thousand, or $0.79 diluted EPS.
For the nine months, revenue was $919,172 thousand with net income of $38,052 thousand ($1.45 diluted EPS). Operating cash flow was a use of $10,177 thousand, reflecting working capital seasonality, while investing provided $27,383 thousand and financing used $33,753 thousand, including $24,825 thousand of share repurchases and dividends of $6,162 thousand. Cash and cash equivalents were $47,676 thousand, and total cash, cash equivalents and restricted cash were $66,041 thousand.
On the balance sheet, workers’ compensation claims liabilities declined to $109,184 thousand. Accumulated other comprehensive loss improved to $(12,594) thousand. The company extended its $50.0 million revolving credit line to August 1, 2028 and reduced the unused fee to 0.30%, with no borrowings outstanding. As of October 24, 2025, 25,624,623 common shares were outstanding.