BGSF (BGSF) Company Report

BGSF completed the divestiture of its professional division to Inspire Solutions for $96.5 million cash plus a $2.5 million working capital adjustment, subsequently paying off approximately $46 million in outstanding debt.
The company declared a special cash dividend of $2 per share on its common stock, returning $22.4 million to shareholders, and announced a stock buyback plan of up to $5 million.
For Q3 2025, total revenues from continuing operations (property management) were $26.9 million, representing a 9.8% decline year-over-year but a 14.4% sequential improvement.
Adjusted EBITDA for Q3 2025 was $980,000, or 3.6% of revenue, with a GAAP net loss from continuing operations of $0.28 per diluted share.
BGSF is targeting an annual G&A expense reduction of approximately $11 million after the transition services agreement (TSA) period ends in early 2026, and anticipates 2026 revenues to grow compared to 2025 for its property management segment.

Nov 7, 2025, 2:00 PM

BGSF Reports Q3 2025 Financial Results and Announces Stock Buyback

BGSF

Earnings

Share Buyback

Dividends

BGSF, Inc. reported revenues of $26.9 million for Q3 2025, representing a 14.4% increase from Q2 2025, primarily driven by increased billed hours from seasonal demand.
The company's net loss was $3.1 million, or $0.28 per diluted share, for Q3 2025, an improvement compared to a net loss of $4.9 million, or $0.44 per diluted share, in Q2 2025.
Adjusted EBITDA income was $1.0 million (3.6% of revenues) in Q3 2025, up from an Adjusted EBITDA loss of $1.1 million (4.9% of revenues) in Q2 2025.
BGSF's Board of Directors approved a stock repurchase program of up to $5 million of its common stock, and a $2 per share special dividend was paid on September 30, 2025, following the sale of its Professional division.
Management anticipates revenue growth in 2026 versus 2025, supported by strategic initiatives.

Nov 7, 2025, 1:33 PM

BGSF Announces Special Cash Dividend Details

BGSF

Dividends

BGSF, Inc. announced additional information regarding a special cash dividend of $2.00 per share.
The dividend is payable on September 30, 2025, to shareholders of record as of September 23, 2025.
Due to the dividend representing more than 25% of the trading price, BGSF shares will trade with "due bills" from September 23, 2025, through September 30, 2025.
The ex-dividend date for the special cash dividend is October 1, 2025.

Sep 17, 2025, 12:49 AM

BGSF, Inc. closes divestiture of Professional Division

BGSF

M&A

Debt Issuance

New Projects/Investments

BGSF, Inc. completed the divestiture of its Professional Division to INSPYR Solutions for $99 million in cash on September 8, 2025.
The company intends to use the net proceeds to substantially eliminate its outstanding debt, having already repaid approximately $43 million in credit agreement debt and $4.4 million from a convertible note on September 8, 2025, and to make high-return investments in its Property Management business.
The unaudited pro forma consolidated balance sheet as of June 29, 2025, shows total assets of $85,386 thousand and total liabilities of $10,337 thousand.
Pro forma consolidated revenues for the twenty-six week period ended June 29, 2025, were $44,389 thousand, resulting in a net loss of $(3,808) thousand.

Sep 12, 2025, 9:20 PM

BGSF Declares Special Dividend Following Division Sale

BGSF

Dividends

M&A

BGSF Inc. announced a special cash dividend of $2.00 per share payable on September 30, 2025, to shareholders of record as of September 23, 2025.
This dividend follows the sale of its Professional Division for $99 million, a move the company's Board and Co-CEOs believe will increase shareholder value and maintain financial flexibility.
Following the announcement, BGSF's stock climbed as much as 25%; however, analysts present mixed views, with price targets ranging from $5.50 to $10.50 and concerns about declining revenue and profitability.
GuruFocus estimates BGSF's valuation at $3.52, suggesting a potential 45% downside from the current price, despite recent optimism.

Sep 11, 2025, 9:54 PM

BGSF Announces Special Cash Dividend

BGSF

Dividends

BGSF, Inc. announced that its Board of Directors has declared a special cash dividend of $2.00 per share of the Company’s common stock.
The special cash dividend is payable on September 30, 2025, to shareholders of record as of the close of business on September 23, 2025.
This dividend represents an initial step in the allocation of capital received from the sale of the Company's Professional Division, intended to increase shareholder value and maintain significant liquidity and financial flexibility.