secwatch.observer — SEC 8-K summary
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Issuer:     BARRETT BUSINESS SERVICES INC (BBSI)
CIK:        0000902791
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001193125-26-208950
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/902791/000119312526208950/0001193125-26-208950-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/902791/000119312526208950/bbsi-20260506.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-208950

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer