---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-051266"
form_type: "8-K"
ticker: "BBSI"
cik: "0000902791"
company_name: "BARRETT BUSINESS SERVICES INC"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T03:45:07.186557+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# BBSI reports Q1 revenue $265.8M (+4% YoY); net loss $0.1M due to payroll tax seasonality

## Summary
- Revenue $265.8M (+4% YoY); gross billings $1.91B (+7% YoY). Net loss $0.1M ($0.02/diluted share) vs net income $0.8M ($0.12/diluted share) a year ago.
- Payroll taxes and benefits (8.5% of gross billings) increased from 8.1%, causing seasonal Q1 net loss.
- Workers' comp expense improved to 2.6% of gross billings, helped by $3.0M favorable prior-year adjustments.
- Declared $0.30 quarterly dividend payable May 31 to record holders May 17; $51.9M remains under buyback program.
- FY2024 outlook reaffirmed: gross billings +6-8%, WSE +4-5%, gross margin 2.95-3.15%, tax rate 26-27%.

## SEC filing metadata
- accession: 0000950170-24-051266
- form_type: 8-K
- ticker: BBSI
- cik: 0000902791
- company_name: BARRETT BUSINESS SERVICES INC
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/902791/000095017024051266/0000950170-24-051266-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/902791/000095017024051266/bbsi-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-051266
- JSON: https://secwatch.observer/filing/0000950170-24-051266.json
- Plain text: https://secwatch.observer/filing/0000950170-24-051266.txt

## Key facts
- Earnings Releases
  BARRETT BUSINESS SERVICES INC reported first quarter ended March 31, 2024 results: revenue $265.8 million, net income Net loss of $0.1 million, EPS $(0.02) per diluted share.
  - Period: first quarter ended March 31, 2024
  - Revenue: $265.8 million
  - Net income: Net loss of $0.1 million
  - EPS: $(0.02) per diluted share
  - Result: reported results
  source text: BBSI Reports Strong First Quarter 2024 Financial Results - Revenues of $265.8 Million
  evidence_url: https://www.sec.gov/Archives/edgar/data/902791/000095017024051266/0000950170-24-051266-index.htm

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