---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-208950"
form_type: "8-K"
ticker: "BBSI"
cik: "0000902791"
company_name: "BARRETT BUSINESS SERVICES INC"
filed_at: "2026-05-06T23:59:59+00:00"
generated_at: "2026-05-14T23:05:42.699359+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001193125-26-208950
- form_type: 8-K
- ticker: BBSI
- cik: 0000902791
- company_name: BARRETT BUSINESS SERVICES INC
- filed_at: 2026-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/902791/000119312526208950/0001193125-26-208950-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/902791/000119312526208950/bbsi-20260506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-208950
- JSON: https://secwatch.observer/filing/0001193125-26-208950.json
- Plain text: https://secwatch.observer/filing/0001193125-26-208950.txt

## Source-grounded claims
- claim_id: baaafbc2b0149ec325bf70ed66d84e609e563106
  claim: 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.
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/902791/000119312526208950/0001193125-26-208950-index.htm

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