Business
BBSI Reports First Quarter 2026 Financial Results
- Revenues up 5% to $307.0 Million and Gross Billings up 3% to $2.16 Billion - VANCOUVER, Wash., May 06, 2026 (GLOBE NEWSWIRE) -- Barrett Business Services, Inc. (“BBSI” or the “Company”) (NASDAQ: BBSI), a leading provider of business management solutions, reported financial results for the first quarter ended March 31, 2026. First Quarter 2026 Financial Summary vs. Year-Ago Quarter Revenues up 5% to $307.0 million.Gross billings up 3% to $2.16 billion.Average worksite employees (“WSEs”) up 1.9%
About this update from Barrett Business Services, Inc.
[{"type":"image","alt":"Barrett Business Services Inc","displaySize":"","headline":null,"caption":"Barrett Business Services Inc","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":75,"url":"https://media.zenfs.com/en/globenewswire.com/3b509a477e7065b5f4cdd7e23e18d627"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/0bsgzTQ145XEeyhMAZfEuw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEwNQ--/https://media.zenfs.com/en/globenewswire.com/3b509a477e7065b5f4cdd7e23e18d627","width":300,"height":75}},"lazy":false},{"type":"text","content":"- Revenues up 5% to $307.0 Million and Gross Billings up 3% to $2.16 Billion -","length":78,"tagName":"p"},{"type":"text","content":"VANCOUVER, Wash., May 06, 2026 (GLOBE NEWSWIRE) -- Barrett Business Services, Inc. (“BBSI” or the “Company”) (NASDAQ: BBSI), a leading provider of business management solutions, reported financial results for the first quarter ended March 31, 2026.","length":253,"tagName":"p"},{"type":"text","content":"First Quarter 2026 Financial Summary vs. Year-Ago Quarter","length":57,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenues up 5% to $307.0 million.","length":33,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross billings up 3% to $2.16 billion.","length":38,"tagName":"p"}]},{"val":[{"type":"text","content":"Average worksite employees (“WSEs”) up 1.9%.","length":44,"tagName":"p"}]},{"val":[{"type":"text","content":"Net loss of $14.8 million, or $(0.59) per diluted share, compared to a net loss of $1.0 million, or $(0.04) per diluted share, reflecting a one-time charge related to a U.S. Tax Court decision on prior-year tax credits. Net loss excluding the charge was $3.2 million, or $(0.13) per diluted share.","length":297,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":412,"olType":false},{"type":"text","content":"“BBSI delivered first quarter results in line with our expectations, supported by stable margins, benefiting from improved pricing,” said Gary Kramer, President and CEO of Barrett Business Services, Inc. “During the quarter, we also advanced a number of IT initiatives that strengthen our technology platform and position us for long-term growth. While our reported results reflect a non-recurring charge related to a recent U.S. Tax Court decision on prior-year tax credits, our underlying business trends remain ...