---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-005526"
form_type: "8-K"
ticker: "BBSI"
cik: "0000902791"
company_name: "BARRETT BUSINESS SERVICES INC"
filed_at: "2023-03-01T23:59:59+00:00"
generated_at: "2026-06-18T19:41:40.970257+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BBSI Q4 net income $11.5M ($1.64 EPS); full-year revenue $1.05B, up 10%; declares $0.30 dividend

## Summary
- Q4 net income $11.5M ($1.64 diluted EPS) vs $10.6M ($1.40) in prior year; revenues $272M, up 6%.
- Full-year 2022 net income $47.3M ($6.54 diluted EPS) vs $38.1M ($5.00); revenues $1.05B, up 10%.
- Average worksite employees up 6% in Q4 and 8% for full year; gross billings up 8% and 13% respectively.
- Board declared quarterly cash dividend of $0.30 per share, payable March 31, 2023 to holders of record March 17, 2023.
- CEO cites strong finish and plans to launch health benefits offering nationwide in 2023.

## SEC filing metadata
- accession: 0000950170-23-005526
- form_type: 8-K
- ticker: BBSI
- cik: 0000902791
- company_name: BARRETT BUSINESS SERVICES INC
- filed_at: 2023-03-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/902791/000095017023005526/0000950170-23-005526-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/902791/000095017023005526/bbsi-20230301.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-005526
- JSON: https://secwatch.observer/filing/0000950170-23-005526.json
- Plain text: https://secwatch.observer/filing/0000950170-23-005526.txt

## Key facts
- Earnings Releases
  BARRETT BUSINESS SERVICES INC reported the full year ended December 31, 2022 results: revenue $1.05 billion, net income $47.3 million, EPS $6.54 per diluted share. Guidance initiated.
  - Period: the full year ended December 31, 2022
  - Revenue: $1.05 billion
  - Net income: $47.3 million
  - EPS: $6.54 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: Full Year 2022 Financial Summary vs. 2021 • Revenues up 10% to $1.05 billion. • Gross billings up 13% to $7.39 billion. • Average WSEs up 8%. • Net income up to $47.3 million, or $6.54 per diluted share, compared to $38.1 million, or $5.00 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/902791/000095017023005526/0000950170-23-005526-index.htm
- Earnings Releases
  BARRETT BUSINESS SERVICES INC reported the fourth quarter ended December 31, 2022 results: revenue $272.0 million, net income $11.5 million, EPS $1.64 per diluted share. Guidance initiated.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $272.0 million
  - Net income: $11.5 million
  - EPS: $1.64 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: Fourth Quarter 2022 Financial Summary vs. Prior Year Quarter • Revenues up 6% to $272.0 million. • Gross billings up 8% to $1.95 billion. • Average worksite employees (“WSEs”) up 6%. • Net income up to $11.5 million, or $1.64 per diluted share, compared to $10.6 million, or $1.40 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/902791/000095017023005526/0000950170-23-005526-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.