BBSI Q1 net loss of $14.8M including $11.6M tax charge; adj loss $0.13; revenue up 5%

BARRETT BUSINESS SERVICES INC

2026-Q1 EPS reported -$0.59 revenue$307,005,000

Net loss of $14.8M ($0.59 per diluted share) vs $1.0M loss a year ago; includes $11.6M non-recurring tax court charge.
Adjusted net loss (ex-tax charge) of $3.2M ($0.13 per share); revenues up 5% to $307.0M; gross billings up 3% to $2.16B.
Average worksite employees up 1.9% YoY; workers' comp expense stable at 2.4% of gross billings.
Repurchased $20.1M in stock (700,926 shares at $28.68 avg) in Q1; $55.3M remaining under buyback program.
Reaffirmed 2026 outlook: gross billings growth 3-5%, WSE growth 2-4%, gross margin 2.70-2.85%.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BARRETT BUSINESS SERVICES INC reported first quarter ended March 31, 2026 results: revenue $307.0 million, net income $(0.59) per diluted share, EPS $(0.59) per diluted share. Guidance reaffirmed.

Period: first quarter ended March 31, 2026
Revenue: $307.0 million
Net income: $(0.59) per diluted share
EPS: $(0.59) per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

99.1 to this report and incorporated by reference. --- EX-99.1 (EX-99.1) --- EX-99.1 EXHIBIT 99.1 BBSI Reports First Quarter 2026 Financial Results - Revenues up 5% to $307.0 Million and Gross Billings up 3% to $2.16 Billion - VANCOUVER, Washington, May 6, 2026 – Barrett Business Services, Inc. (“BBSI” or the “Company”) (NASDAQ: BBSI), a leading provider of

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Source: SEC EDGAR

accession 0001193125-26-208950

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