Every 10-Q that Kelly Services Inc (KELYA) 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 KELYA 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 KELYA filings page.
Kelly Services, Inc. reported weaker results for the quarter and first half of 2026 amid softer demand in key staffing markets and Education. Second‑quarter revenue from services was $1,038.2 million, down 5.8% year over year, with declines across Enterprise Talent Management (ETM), Science, Engineering & Technology (SET), and Education. Net earnings for the quarter were $11.4 million versus $19.0 million a year earlier, and diluted EPS was $0.31 compared with $0.52.
For the first six months of 2026, revenue fell to $2,078.9 million and net earnings dropped to $5.5 million from $24.8 million, as gross profit declined 11.6% and the gross margin compressed by 80 basis points. Management reduced total SG&A expenses by 8.7%, including a sharp cut in integration and realignment costs, but earnings from operations still fell to $11.0 million.
Operating cash flow was $23.8 million year‑to‑date, down from $119.3 million. Long‑term debt stood at $78.1 million under the $250.0 million securitization facility, while the $150.0 million revolving credit facility remained undrawn, leaving substantial committed liquidity and a debt‑to‑total‑capital ratio of 7.4%.
Kelly Services reported weaker first-quarter 2026 results, swinging to a loss as demand softened across segments. Revenue from services fell 10.7% to $1,040.7 million, with Enterprise Talent Management, Science, Engineering & Technology, and Education all declining. Gross profit dropped 17.0% and the gross margin slipped to 18.9% from 20.3% as higher employee-related costs pressured profitability.
The company posted a net loss of $5.9 million, or $0.17 per share, versus net earnings of $5.8 million, or $0.16 per share, a year earlier. Operating cash flow reversed to an outflow of $25.4 million from an inflow of $23.9 million, reflecting higher working capital needs. Kelly ended the quarter with $29.5 million in cash, $130.5 million of long-term borrowings under its $250.0 million securitization facility, and full availability on its $150.0 million revolving credit facility, maintaining liquidity while continuing integration, realignment and technology modernization initiatives.
Kelly Services (KELYA) reported a third‑quarter net loss driven by a non‑cash impairment and tax items. Revenue from services was $935.0 million, down from $1,038.1 million a year ago, as gross profit declined to $194.0 million from $221.7 million while SG&A eased to $194.4 million from $219.0 million.
The company recorded a $102.0 million goodwill impairment related to the MRP and Softworld reporting units and recognized income tax expense of $46.4 million. In the quarter, it also recorded a net charge of $69.7 million to establish a valuation allowance against certain work opportunity credit carryforwards. These items led to a quarterly net loss of $150.1 million, or $4.26 per diluted share.
Year‑to‑date, revenue reached $3,201.7 million versus $3,140.7 million last year, and net cash from operating activities improved to $94.0 million. Long‑term debt decreased to $118.4 million at quarter‑end from $239.4 million at year‑end 2024. Segment revenue in Q3 was $487.9 million for Enterprise Talent Management, $304.9 million for Science, Engineering & Technology, and $143.3 million for Education.