Filing Flows › Barrett Business Services (BBSI) › Q1 2026
Barrett Business Services (BBSI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Barrett Business Services (BBSI) reported revenue of $307M for the first quarter 2026 (Q1 2026), +5% from a year earlier and -4% from the quarter before. Operating margin was -2.1%, net loss $14.8M (4.8% of revenue).
Barrett Business Services, Q1 2026: revenue $307M (+5% year over year), operating margin -2.1%, net loss $14.8M, operating cash flow −$22.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $307M | -4% | +5% |
| Operating profit | −$6.5M | -135% | — |
| Net earnings | −$14.8M | -190% | — |
| Operating cash flow | −$22.1M | -129% | -524% |
What changed
Revenue was $307.0M in Q1 2026, up 5% year over year and down 4% from the previous quarter. Professional Employer Services was the largest line at 95% of revenue. Professional Employer Services added $18.1M year over year (up 7%), 125% of the total change. Staffing Services declined 21%.
Gross margin was 14.1%, down 0.5 points from Q1 2025. Operating costs exceeded revenue by $6.5M, an operating margin of -2.1%. Operating expenses grew 6% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+11%). The quarter ended with a net loss of $14.8M, after a profit of $16.4M the previous quarter. Non-operating items added $2.0M, -46% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$22.1M. Non-cash charges added back $2.2M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items used $12.3M. Capital expenditures of $5.7M exceeded it, leaving free cash flow of −$27.8M.
Questions
What was Barrett Business Services' revenue in the first quarter 2026?
Barrett Business Services (BBSI) reported revenue of $307M for the first quarter 2026 (Q1 2026), +5% from a year earlier and -4% from the quarter before.
Was Barrett Business Services profitable in the first quarter 2026?
Operating loss was $6.5M (-2.1% of revenue) and net loss $14.8M.