BGSF (BGSF) investor relations material

Executive summary

• Transitioned to standalone operations after concluding the INSPYR Solutions agreement, enabling full focus on property staffing and strategic growth initiatives.

• Completed sale of the Professional segment in September 2025, with results now reflected as discontinued operations.

• Rebrand and enhanced digital marketing improved SEO, client engagement, and market positioning.

• Recognized as a top 100 staffing firm, one of the best places for working parents by SIA, and Supplier Company of the Year by the National Apartment Association.

• Seasonal fluctuations and severe weather impacted Q1 results.

Financial highlights

• Q1 2026 revenue was $20.9 million, flat year-over-year, with gross profit at $7.4 million and gross margin at 35.5% versus 36.2% last year.

• Adjusted EBITDA loss improved to $0.5 million (3% of revenue), from $1.0 million (5% of revenue) in the prior year.

• Net loss from continuing operations was $0.13 per diluted share, improved from $0.21 per share in Q1 2025; adjusted EPS loss was $0.06–$0.07 per share.

• SG&A expenses were $8.8 million, down from $9 million a year ago; general and administrative expenses reduced to a $3.0 million run-rate.

• Cash and short-term investments at quarter end were $13.9–$18.9 million; ended the quarter debt-free.

Outlook and guidance

• Full-year 2026 revenue expected to grow in the low- to mid-single-digit range compared to 2025.

• Gross margin for the full year anticipated to trend closer to 36%.

• Cost reduction actions expected to yield $1 million in annualized cash savings, with full benefit starting in Q3.

• Management expects sufficient liquidity and capital resources for at least the next twelve months.

• PropTech consulting services projected to contribute 1%-2% of total revenue in 2026.