---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-017866"
form_type: "8-K"
ticker: "BBSI"
cik: "0000902791"
company_name: "BARRETT BUSINESS SERVICES INC"
filed_at: "2022-05-04T23:59:59+00:00"
generated_at: "2026-06-26T01:06:38.614953+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# BBSI posts Q1 net income of $0.3M, first profitable Q1 in ten years; raises FY2022 outlook

## Summary
- Net revenues $246.4M (+13% YoY); gross billings $1.71B (+16% YoY).
- Diluted EPS $0.04 vs $(0.60) loss in Q1 2021; net income $0.3M.
- Average worksite employees up 9% YoY; strong client additions and hiring.
- Board declares quarterly dividend $0.30/share, payable June 3, record May 20.
- Company raises full-year 2022 outlook; favorable payroll tax and workers' comp experience.

## SEC filing metadata
- accession: 0001564590-22-017866
- form_type: 8-K
- ticker: BBSI
- cik: 0000902791
- company_name: BARRETT BUSINESS SERVICES INC
- filed_at: 2022-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/902791/000156459022017866/0001564590-22-017866-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/902791/000156459022017866/bbsi-8k_20220504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-017866
- JSON: https://secwatch.observer/filing/0001564590-22-017866.json
- Plain text: https://secwatch.observer/filing/0001564590-22-017866.txt

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