Barrett Business Services (BBSI)
NASDAQ:BBSI
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Earnings Data
Report Date
May 06, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.26Last Year’s EPS
-0.04Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of solid execution and measurable achievements — strong full-year revenue and EPS growth, record net new WSE additions, benefits and product momentum, asset-light expansion and a healthy balance sheet — alongside notable near-term headwinds: accelerated client workforce reductions, a pronounced decline in staffing revenues, regional weakness (Pacific Northwest and construction), and margin/pricing uncertainty in workers' compensation. Management provided conservative 2026 guidance reflecting these risks while highlighting levers (pricing, benefits growth, product rollouts and cost discipline) that could drive improvement if market trends stabilize.Company Guidance
Full-Year Revenue and EPS Growth
Gross billings for FY2025 increased 8.6% to $9.0 billion (from $8.3 billion), and diluted EPS rose 5% to $2.08 (from $1.98), exceeding full year guidance.
Quarterly Revenue and EPS Improvement
Q4 gross billings increased 6.4% year-over-year to $2.4 billion (from $2.25 billion) and diluted EPS increased 2% to $0.64 (from $0.60).
Record Worksite Employee (WSE) Adds and Controllable Growth
Company added approximately 8,300 WSEs year-over-year from net new clients, achieving a 5.1% increase in WSEs in Q4 and 6.7% average WSE growth for the year, driven by record sales volume and strong retention.
Asset-Light and Geographic Expansion Success
Asset-light markets grew ~95% in the quarter; asset-light expansion added ~1,600 WSEs in 2025. Converted 2 emerging markets to traditional branches and opened Chicago, Dallas and Nashville branches, with plans to convert 3 more locations.
Benefits Offering Momentum
BBSI Benefits growth: clients on plans increased from ~575 to ~800 and participants grew from ~16,000 to >24,000. 1/1/26 season added ~80 new clients and achieved 93% retention (97% adjusted retention).
Product and Technology Progress
Multiple product releases in 2025 and continued tech investment: applicant tracking system launched previously; employee file cabinet launched in January; performance management module in beta and expected Q2 release to enhance the employee lifecycle and client-facing tech stack.
Operating Discipline and Capital Return
SG&A grew slower than billings and gross margin (Q4 SG&A down ~2.5% YoY; full-year SG&A up ~2.5%). Strong balance sheet with $157M unrestricted cash & investments, no debt. Returned capital: $42M repurchased in 2025 (~4% of shares), $17M repurchased in Q4, $8.2M in dividends and $75M remaining under $100M buyback program.
Workers' Compensation Tailwinds Emerging
Favorable prior-year workers' comp adjustments of $2.2M in Q4; California average premium rate increase of ~8.7% approved late 2025 and early signs of higher competitive quotes may support margin recovery if sustained.
BBSI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BBSI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $31.38 | $26.75 | -14.74% |
Nov 05, 2025 | $40.50 | $34.76 | -14.17% |
Aug 06, 2025 | $44.08 | $46.54 | +5.59% |
May 07, 2025 | $40.41 | $40.06 | -0.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Barrett Business Services (BBSI) report earnings?
Barrett Business Services (BBSI) is schdueled to report earning on May 06, 2026, TBA (Confirmed).
What is Barrett Business Services (BBSI) earnings time?
Barrett Business Services (BBSI) earnings time is at May 06, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BBSI EPS forecast?
BBSI EPS forecast for the fiscal quarter 2026 (Q1) is -0.26.