Filing Flows › Bgsf (BGSF) › Q1 2025
Bgsf (BGSF) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Bgsf (BGSF) reported revenue of $20.9M for the first quarter 2025 (Q1 2025), -70% from a year earlier and -68% from the quarter before. Operating margin was -8.5%, net loss $722K (3.5% of revenue).
Bgsf, Q1 2025: revenue $20.9M (-70% year over year), operating margin -8.5%, net loss $722K, operating cash flow $1.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.9M | -68% | -70% |
| Operating profit | −$1.8M | — | — |
| Net earnings | −$722K | — | — |
| Operating cash flow | $1.1M | -67% | -86% |
| Free cash flow | $1.0M | -60% | -85% |
What changed
Revenue was $20.9M in Q1 2025, down 70% year over year and down 68% from the previous quarter.
Gross margin was 36.2%, up 2.1 points from a year earlier. Operating costs exceeded revenue by $1.8M, an operating margin of -8.5%. Operating expenses fell 59% while revenue fell 70%. The quarter ended with a net loss of $722K, narrower than the previous quarter's $1.0M loss. Net interest and other expense of $1.1M was the main reason.
Operating cash flow was $1.1M (down 86% year over year). Non-cash charges added back $329K of depreciation and amortization and $168K of share-based compensation. Working capital and other items added $1.3M. Capital expenditures of $23K left free cash flow of $1.0M.
Questions
What was Bgsf's revenue in the first quarter 2025?
Bgsf (BGSF) reported revenue of $20.9M for the first quarter 2025 (Q1 2025), -70% from a year earlier and -68% from the quarter before.
Was Bgsf profitable in the first quarter 2025?
Operating loss was $1.8M (-8.5% of revenue) and net loss $722K.
Source: Bgsf 10-Q on SEC EDGAR.