BGSF on NYSE

BGSF, INC.

American help supply services company, incorporated in Delaware1

In its 2026 annual report the company says: “BGSF, Inc. is a leading national provider of staffing and workforce solutions for the Property Management industry. We operate primarily within the U.S. through our Property Management segment, which provides maintenance and office field talent across 44 of the states and D.C. to property management companies responsible for the apartment communities and commercial buildings day to day operations. We provide field talent to a variety of client partners that are seeking to match their workforce requirements to their business needs.”4 It is headquartered in Dallas, Texas.1

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Last updated Oct 21, 2026.

Overview

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  • TickerBGSF on NYSE1
  • IndustryServices-Help Supply Services1
  • HeadquartersDallas, Texas1
  • Incorporated inDE2
  • Business address14901 Quorum Dr, Suite 800, Dallas, Tx 752542
  • Filer categoryAccelerated filer, Smaller reporting company2

BGSF, Inc. (“BGSF,” “we,” or the “Company”) is a leading national provider of staffing and workforce solutions for the Property Management industry. We operate primarily within the U.S. through our Property Management segment, which provides maintenance and office field talent across 44 of the states and D.C. to property management companies responsible for the apartment communities and commercial buildings day to day operations.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

35.7%Gross margin5
-9.5%Operating margin5
-12.2%Net margin5
-10.6%Revenue growth, 20255
-23.8%Return on equity5
0.00×Debt to equity5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue59¢$60.0M
  • Selling, general and admin40¢$41.1M
  • Income tax1¢$1.3M

Out of $93.3M in revenue.5 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid94¢$22.4M
  • Share buybacks6¢$1.5M

Out of $142.0K of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5

Financial statements

Revenue6785$93.3M in 2025−58% since 2019
0$100.0M$200.0M$300.0M2019: $219.8M$219.8M20192020: $207.1M$207.1M2020−6%2021: $239.0M$239.0M2021+15%2023: $125.1M$125.1M2023−48%2024: $104.4M$104.4M2024−17%2025: $93.3M$93.3M2025−11%
Gross profit6785$33.3M in 2025−52% since 2019
0$25.0M$50.0M$75.0M$100.0M2019: $69.8M$69.8M20192020: $66.0M$66.0M2020−5%2021: $80.9M$80.9M2021+23%2023: $49.8M$49.8M2023−38%2024: $38.4M$38.4M2024−23%2025: $33.3M$33.3M2025−13%
Operating income6785-$8.9M in 2025
-$10.0M0$10.0M$20.0M2019: $14.9M$14.9M20192020: -$1.2M-$1.2M20202021: $14.5M$14.5M20212023: $3.1M$3.1M2023−79%2024: -$5.9M-$5.9M20242025: -$8.9M-$8.9M2025+52%
Net income6785-$11.4M in 2025
-$20.0M-$10.0M0$10.0M$20.0M2019: $13.2M$13.2M20192020: $1.4M$1.4M2020−89%2021: $14.1M$14.1M2021+879%2023: -$10.2M-$10.2M20232024: -$3.3M-$3.3M2024−67%2025: -$11.4M-$11.4M2025+242%

Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.5

Period ending2025-12-312024-12-312023-12-31
Revenues, net$93.3M$104.4M$125.1M
Cost of services$60.0M$66.0M$75.3M
Gross profit$33.3M$38.4M$49.8M
Selling, general, and administrative expenses$41.1M$42.9M$45.4M
Contingent consideration adjustment-$450.0K$0$0
Depreciation and amortization$1.6M$1.3M$1.3M
Operating (loss) income-$8.9M-$5.9M$3.1M
Interest expense, net-$4.5M-$4.9M-$6.0M
Loss before income taxes from continuing operations-$13.4M-$10.8M-$2.9M
Income tax benefit from continuing operations$1.9M$2.1M$831.0K
Loss from continuing operations-$11.5M-$8.7M-$2.1M
Income (loss)$4.4M$7.1M-$10.3M
Loss on sale-$3.7M$0$0
Income tax (expense) benefit-$597.0K-$1.7M$2.1M
Net loss-$11.4M-$3.3M-$10.2M
Net Income from continuing operations (in dollars per share)-$1-$1-$0
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Before Tax, Per Basic Share$0$1-$1
Net Income from discontinued operations: Gain on sale (in dollars per share)-$0$0$0
Net Income from discontinued operations: Income tax expense (in dollars per share)-$0-$0$0
Net income per share - basic (in dollars per share)-$1.04-$0.31-$0.95
Net Income from continuing operations (in dollars per share)-$1-$1-$0
Net Income from discontinued operations: Income (in dollars per share)$0$1-$1
Net Income from discontinued operations: Gain on sale (in dollars per share)-$0$0$0
Net Income from discontinued operations: Income tax expense (in dollars per share)-$0-$0$0
Net income per share - diluted (in dollars per share)-$1.04-$0.31-$0.95
Basic (in shares)11.0M shares10.9M shares10.8M shares
Diluted (in shares)11.0M shares10.9M shares10.8M shares
Cash dividends declared per common share (in dollars per share)$2.00$0.15$0.60

Compare BGSF, INC. with another company

Corporate structure

BGSF, INC. sits at the top of its group. 5 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of BGSF, INC.

  • BGSF, INC. Dallas, Texas
    • B G Staff Services, Inc. Subsidiary · Texas, United States
    • BG California Multifamily Staffing, Inc. Subsidiary · Delaware, United States
    • BG Personnel LLC Subsidiary · Delaware, United States
    • BG Personnel of Texas, LLC Subsidiary · Texas, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What BGSF, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Furniture and fixtures$273.0K5 Dec 28, 2025$270.0K5 Dec 29, 2024+1.1%
Computer equipment and software$948.0K5 Dec 28, 2025$1.3M5 Dec 29, 2024−26.9%
Leasehold improvements$351.0K5 Dec 28, 2025$349.0K5 Dec 29, 2024+0.6%
Property and equipment, before depreciation$1.6M5 Dec 28, 2025$1.9M5 Dec 29, 2024−17.9%
Accumulated depreciation$1.3M5 Dec 28, 2025$1.3M5 Dec 29, 2024+1.6%
Property and equipment, net$244.0K5 Dec 28, 2025$608.0K5 Dec 29, 2024−59.9%
Operating-lease assets (leased space)$630.0K5 Dec 28, 2025$1.1M5 Dec 29, 2024−41.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.1M5 Dec 28, 2025$1.1M5 Dec 29, 20240%
Intangible assets, net (excluding goodwill)$3.0M5 Dec 28, 2025$4.4M5 Dec 29, 2024−31.5%
Finite-lived intangibles, net$3.0M5 Dec 28, 2025$24.5M12 Dec 29, 2024−87.8%

Properties, in its own words

Our home office is located at 14901 Quorum Drive, Suite 800, Dallas, Texas 75254, and our telephone number is 972-692-2400. We lease our home office, which is approximately 14,124 square feet of space. In the U.S., we operate across 44 states and D.C. We lease all of our offices, which are primarily located throughout in the U.S., through operating leases with terms that range from six months to five years. We also have month to month leases. We believe that our facilities are adequate for our current needs.

Item 2 of the 10-K filed Mar 30, 2026.4

Leadership

Who has led BGSF, INC., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (5)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • B G Staff Services, Inc. Texas3
  • BG California Multifamily Staffing, Inc. Delaware3
  • BG Personnel LLC Delaware3
  • BG Personnel of Texas, LLC Texas3
  • BG Personnel, LP Texas3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • BG Staffing, Inc.May 24, 2013 to Feb 5, 20212
  • LTN Staffing, LLCOct 21, 2009 to Oct 28, 20132

Timeline

  1. Aug 5, 20268-K Results of operations; Regulation FD disclosure25
  2. Jun 8, 20268-K Regulation FD disclosure26
  3. May 6, 20268-K Results of operations; Regulation FD disclosure27
  4. Mar 11, 20268-K Results of operations; Regulation FD disclosure28
  5. Mar 2, 20268-K Executive or director change29
  6. Nov 7, 20258-K Results of operations; Regulation FD disclosure; Other events30
  7. Nov 7, 20258-K Executive or director change; Shareholder vote31
  8. Sep 17, 20258-K Other events32
  9. Sep 12, 20258-K Ended a material agreement; Completed an acquisition or sale; Regulation FD disclosure33
  10. Sep 11, 20258-K Other events34
  11. Sep 4, 20258-K Shareholder vote35
  12. Aug 7, 20258-K Results of operations; Regulation FD disclosure36
  13. Jul 16, 2025New chief executive Kelly Elizabeth Brown becomes CEO13
  14. May 18, 2020New chief executive Beth Garvey becomes CEO14

Calendar

Coming up

  1. Nov 6, 2026Reports results for the quarter ending Sep/202637

When it reported results

  1. Aug 5, 2026Reported quarterly or annual results25
  2. May 6, 2026Reported quarterly or annual results27
  3. Mar 11, 2026Reported quarterly or annual results28
  4. Nov 7, 2025Reported quarterly or annual results30
  5. Aug 7, 2025Reported quarterly or annual results36
  6. May 7, 2025Reported quarterly or annual results38
  7. Mar 13, 2025Reported quarterly or annual results39
  8. Nov 7, 2024Reported quarterly or annual results40

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

253 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 48 major events, 142 insider forms, 7 large holders, 35 other. The latest 20:

  1. Sep 16, 2026DEFA14A EDGAR
  2. Sep 16, 2026DEF 14A EDGAR
  3. Aug 6, 20264 EDGAR
  4. Aug 6, 20264 EDGAR
  5. Aug 6, 20264 EDGAR
  6. Aug 6, 20264 EDGAR
  7. Aug 6, 20264 EDGAR
  8. Aug 5, 20268-K EDGAR
  9. Aug 5, 202610-Q EDGAR
  10. Jun 8, 20268-K EDGAR
  11. May 22, 2026S-8 EDGAR
  12. May 22, 2026S-8 EDGAR
  13. May 14, 202610-Q/A 10-Q EDGAR
  14. May 7, 20264 EDGAR
  15. May 7, 20264 EDGAR
  16. May 7, 20264 EDGAR
  17. May 7, 20264 EDGAR
  18. May 7, 20264 EDGAR
  19. May 6, 20268-K EDGAR
  20. May 6, 202610-Q EDGAR

The 253 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

15 open-market trades by officers, directors and large owners since October 2021: 15 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 14, 2024Allen C. David JRDirectorBuy4,329$7.17$31.0KForm 4
May 29, 2024Allen C. David JRDirectorBuy7,291$6.59$48.1KForm 4
May 28, 2024Allen C. David JRDirectorBuy4,209$6.61$27.8KForm 4
May 23, 2024garvey bethPresident and CEOBuy2,800$6.78$19.0KForm 4
May 17, 2024Barnett John RCFO and SecretaryBuy6,000$6.76$40.6KForm 4
May 18, 2023HAILEY DOUGLASDirectorBuy19,079$9.33$177.9KForm 4
May 17, 2023HAILEY DOUGLASDirectorBuy921$9.00$8.3KForm 4
May 4, 2022Allen C. David JRDirectorBuy3,000$13.27$39.8KForm 4
May 4, 2022HAILEY DOUGLASDirectorBuy5,000$13.24$66.2KForm 4
May 2, 2022HAILEY DOUGLASDirectorBuy20,000$12.68$253.6KForm 4
Nov 22, 2021Baum Richard L JrDirectorBuy72$15.04$1.1KForm 4
Nov 16, 2021SEID PAULDirectorBuy600$15.41$9.2KForm 4
Nov 10, 2021SEID PAULDirectorBuy14,000$14.03$196.4KForm 4
Nov 9, 2021SEID PAULDirectorBuy11,000$13.92$153.1KForm 4
Nov 8, 2021HAILEY DOUGLASDirectorBuy25,000$13.70$342.5KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Keith SchroederCo-Chief Executive Officer, Chief Financial Officer, and Secretary70$281.2K$543.0K45
2025Beth GarveyChair, President, and Chief Executive Officer$155.3K$496.6K45
2025Kelly BrownCo-Chief Executive Officer45$180.3K$279.2K45
2025John BarnettChief Financial Officer and Secretary$81.5K$85.0K45
2024Beth GarveyChair, President, and Chief Executive Officer$450.5K$632.6K45
2024John BarnettChief Financial Officer and Secretary$368.8K$419.6K45

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 33. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Vanguard Capital Management LLC484,995$2.8M0.0%−5,325
Pacific Ridge Capital Partners, LLC381,083$2.2M0.4%−2,954
BlackRock, Inc.164,086$936.9K0.0%+8,835
Sei Investments Co140,798$804.0K0.0%−140,798
Dimensional Fund Advisors LP138,783$792.5K0.0%−7,424
Geode Capital Management, LLC112,113$640.3K0.0%+2,104
Bridgeway Capital Management, LLC101,635$580.3K0.0%+2,879
Citadel Advisors LLC87,961$502.3K0.0%+36,680
Susquehanna International Group, Llp81,014$462.6K0.0%+10,136
Vanguard Fiduciary Trust Co60,657$346.4K0.0%+452
Clear Harbor Asset Management, LLC52,054$297.2K0.0%+25
Oxford Financial Group, Ltd. LLC50,368$287.6K0.0%New
State Street Corp44,197$252.4K0.0%No change
Empowered Funds, LLC40,435$230.9K0.0%+2,879
Allworth Financial LP39,400$225.0K0.0%No change
Northern Trust Corp21,460$122.5K0.0%−8,954
Indie Asset Partners, LLC20,000$114.2K0.1%New
Verdad Advisers, LP14,418$82.3K0.1%No change
O'shaughnessy Asset Management, LLC14,359$82.0K0.0%−25,334
Ritholtz Wealth Management13,023$74.4K0.0%−13,688
Renaissance Technologies LLC11,700$66.8K0.0%No change
Bank of New York Mellon Corp10,248$58.5K0.0%No change
Us Bancorp \de\3,300$18.8K0.0%+300
Vanguard Global Advisers, LLC3,232$18.5K0.0%No change
Arax Advisory Partners499$2.8K0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How BGSF, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBGSF, INC.1
  • CIK0001474903
  • Employer ID (EIN)26-06566844
  • Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 281
  • Industry code (SIC)7363 Services-Help Supply Services1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address14901 Quorum Dr, Suite 800, Dallas, TX 752541
  • Phone972-692-24001
  • Shares outstanding10,673,981 as of Aug 3, 202610
  • Public float$65.5M as of Jun 27, 20254
  • AuditorWhitley Penn LLP, Plano, Texas PCAOB ID 726; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceOct 21, 20091
  • Filings602 in all: 4 (258), 8-K (142), 10-Q (39), DEFA14A (26), 3 (14), 424B3 (14), 10-K (13), DEF 14A (13)1
    All 38 form types

    SC 13G/A (9), S-8 (7), EFFECT (6), UPLOAD (6), 424B5 (5), CORRESP (5), 8-K/A (4), SC 13G (4), 4/A (3), D (3), S-3 (3), 10-Q/A (2), 8-A12B (2), DRS/A (2), DRSLTR (2), FWP (2), POS AM (2), S-1 (2), S-1/A (2), SCHEDULE 13G (2), 10-K/A (1), 25 (1), AW (1), CERT (1), CERTNYS (1), DEFM14A (1), DRS (1), NT 10-K (1), PRE 14A (1), PREM14A (1)

  • Latest filingsAnnual report (10-K) Mar 30, 2026
    Quarterly report (10-Q) Aug 5, 2026
    Proxy statement (DEF 14A) Sep 16, 2026
    Latest 8-K (8-K) Aug 5, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareBGSFNYSE

From the cover page of the 10-K filed Mar 30, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks BGSF, INC. names in Item 1A of its 10-K filed Mar 30, 2026: 30 risks under these headings, as written.4

  • Risks Related to Our Company and Our Business
  • We operate in a highly competitive industry with low barriers to entry, and may be unable to compete successfully against existing or new competitors.
  • A downturn of the U.S. or global economy could result in our client partners using fewer workforce solutions or becoming unable to pay us for our services on a timely basis or at all, which would materially adversely affect our business.
  • Our business depends on a strong reputation and anything that harms our reputation will likely harm our results.
  • We would be adversely affected by the loss of key personnel.
  • We depend on our ability to attract and retain qualified field talent.
  • Our workforce solution agreements may be terminated on short notice, leaving us vulnerable to loss of a significant amount of client partners in a short period of time.
  • If we are unable to retain existing client partners or attract new client partners, our results of operations could suffer.
  • Acquisitions and new business initiatives may not be successful.
  • We may incur debt that could adversely affect our financial health and prevent us from fulfilling our obligations or put us at a competitive disadvantage.
  • We have significant working capital needs and if we are unable to satisfy those needs from cash generated from our operations, we may not be able to meet payroll requirements.
  • We could be required to write-off goodwill or intangible assets in future periods if our future operating results suffer.
The other 19 risks
  • The amount of collateral that we are required to maintain to support our workers’ compensation obligations could increase, reducing the amount of capital we have available to support and grow our field operations.
  • We are dependent on workers’ compensation insurance coverage at commercially reasonable terms.
  • Because we assume the obligation to make wage, tax and regulatory payments in respect of our team members and field talent, we are exposed to client partner credit risks.
  • We may be exposed to employment-related claims and losses, including class action lawsuits, which could have a material adverse effect on our business.
  • We are subject to changes in tax rates, the adoption of new tax legislation, and exposure to additional tax liabilities.
  • Natural disasters and unusual weather conditions, pandemic outbreaks, terrorist acts, global political events and other serious catastrophic events could disrupt business and otherwise materially adversely affect our business and financial condition.
  • Risks Related to Our Information Technology, Cybersecurity and Data Protection
  • Our results of operations and ability to grow could be materially negatively affected if we cannot successfully keep pace with technological changes impacting the development and implementation of our workforce solutions and the evolving needs of our client partners.
  • We are dependent upon technology services, and if we experience damage, service interruptions or failures in our computer and telecommunications systems, or if our security measures are breached, our client partner and field talent relationships and our ability to attract new client partners may be adversely affected.
  • Changes in data privacy and protection laws and regulations in respect of control of personal information could increase our costs or otherwise adversely impact our operations.
  • Risks Related to the Ownership of Our Securities
  • We cannot predict whether an active trading market for our common stock will continue. Even if an active trading market continues, the market price of our common stock may remain volatile.
  • Because we have fewer revenues and assets following the sale of the Professional segment, there is a possibility that such reduced revenues and assets may affect our ability to satisfy NYSE’s continued listing standards, which could result in the delisting of our common stock.
  • We will likely issue additional common stock in the future, which would dilute the holdings of our existing stockholders.
  • Our compliance with complicated regulations concerning corporate governance and public disclosure has resulted and may in the future result in additional expenses.
  • There may be limitations on the effectiveness of our internal controls, and a failure of our control systems to prevent error or fraud may materially harm our company.
  • We may not pay dividends in the future, and consequently, your ability to achieve a return on your investment will depend on appreciation in the price of our common stock.
  • Upon dissolution of our company, you may not recoup all or any portion of your investment.
  • Certain provisions of our organizational documents may make it difficult for stockholders to change the composition of our Board and may discourage hostile takeover attempts that some of our stockholders may consider to be beneficial.
  • We have continuing operations through one segment, Property Management, and have substantially eliminated our debt obligations. Any potential transaction or strategic alternatives review process may not be successful, may be costly, may be timing consuming, may be complex, and may be distracting to management’s ability to focus on the Company’s operations.
  • Cost restructuring plans may be costly, time-consuming, and complex, and may not yield the desired results.

Legal proceedings

From time to time we have been threatened with, or named as a defendant in, litigation, administrative claims and lawsuits. We carry insurance to mitigate potential liabilities associated therewith. The principal risks that we insure against, subject to and upon the terms and conditions of our various insurance policies, are workers’ compensation, general liability, automobile liability, property damage, professional liability, employment practices, crime and cyber risk, directors and officer liability, umbrella and excess, fiduciary liability, and fidelity losses. As of the date of this Annual Report on Form 10-K, management believes that the resolution of these matters will not have a material adverse effect on our consolidated financial statements.

The opening of Item 3, Legal Proceedings.4

Sources

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