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An update from Barrett Business Services ( (BBSI) ) is now available.
Barrett Business Services reported that first-quarter 2026 revenues rose 5% year over year to $307.0 million, with gross billings up 3% to $2.16 billion and average worksite employees increasing 1.9%. The company maintained workers’ compensation expense at 2.4% of gross billings and introduced a separate reporting line for benefit costs tied to its fully insured PEO benefits program.
Despite the growth in topline metrics, BBSI posted a net loss of $14.8 million, or $0.59 per diluted share, for the quarter ended March 31, 2026, driven primarily by an $11.6 million non-recurring, tax-effected charge tied to a U.S. Tax Court decision disallowing certain prior-year wage-based tax credits. Excluding this charge, the net loss was $3.2 million, reflecting typical first-quarter seasonality, while the company remained debt free, returned more than $22 million to shareholders via buybacks and dividends, reaffirmed its 2026 outlook, and declared a regular quarterly dividend of $0.08 per share on May 6, 2026.
The most recent analyst rating on (BBSI) stock is a Buy with a $42.00 price target. To see the full list of analyst forecasts on Barrett Business Services stock, see the BBSI Stock Forecast page.
Spark’s Take on BBSI Stock
According to Spark, TipRanks’ AI Analyst, BBSI is a Neutral.
The score is supported by strong balance-sheet quality and solid multi-year revenue/profitability, plus a reasonable valuation. It is held back primarily by weak technical trend signals and business near-term uncertainty reflected in conservative 2026 guidance, with an added near-term drag from the tax court-related expense.
To see Spark’s full report on BBSI stock, click here.
More about Barrett Business Services
Barrett Business Services, Inc. is a leading provider of business management solutions, including professional employer organization (PEO) and staffing services. The company focuses on delivering HR, payroll, and related support to client businesses through a worksite employee model, with performance tracked via gross billings, wages, and average worksite employees.
Average Trading Volume: 271,664
Technical Sentiment Signal: Hold
Current Market Cap: $752M
See more insights into BBSI stock on TipRanks’ Stock Analysis page.