Barrett Business Services ( (BBSI) ) has released its Q2 earnings. Here is a breakdown of the information Barrett Business Services presented to its investors.
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Barrett Business Services, Inc. (BBSI) is a leading provider of business management solutions, offering human resource outsourcing and professional management consulting services across all 50 states. The company combines expertise in payroll processing, employee benefits, workers’ compensation coverage, risk management, and workplace safety programs to enhance operational efficiency for over 8,100 PEO clients.
In its latest earnings report for the second quarter of 2025, BBSI announced a 10% increase in revenues, reaching $307.7 million, and gross billings of $2.23 billion. The company also revealed a new $100 million stock repurchase program, highlighting its commitment to returning value to shareholders.
Key financial metrics showed a net income of $18.5 million, or $0.70 per diluted share, marking an increase from the previous year’s $16.7 million, or $0.62 per diluted share. The growth was driven by an 8% rise in average worksite employees and a reduction in workers’ compensation expenses. BBSI’s liquidity remained strong, with unrestricted cash and investments totaling $90.4 million, despite a slight decrease from the previous quarter.
Looking ahead, BBSI anticipates continued growth, with expectations of a 9% to 10% increase in gross billings and a 6% to 8% rise in the average number of worksite employees for the year 2025. The company remains focused on executing its strategy and delivering sustainable growth, supported by strong client retention and the addition of new clients.