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and History BGSF, Inc. ( BGSF, we, or the Company ) is a leading national provider of staffing and workforce solutions for the Property Management industry. We operate primarily within the U.S. through our Property Management segment, which provides maintenance and office field talent across 44 of the states and D.C. to property management companies responsible for the apartment communities and…
The business is unprofitable at the operating level (-9.54% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 10.6% YoY. Margins deteriorated 3.9pp alongside, both lines moving the wrong way.
Free cash flow declined 100% versus the prior year, cash generation momentum has weakened. ROIC dropped from -3.72% to -8.14%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$93M
▼ -10.6% YoY
Net Income (TTM)
-$11M
▼ -242.4% YoY
Op. Margin
-9.31%
▼ -3.9pp YoY
ROIC
-11.66%
▼ -4.4pp YoY
Cash Flow & Balance Sheet
FCF (FY)
$4K
▼ -100.0% YoY
Op. Cash Flow (TTM)
-$918K
▼ -99.4% YoY
Net Debt
-$18M
Net Cash Position
Cash & Equiv.
$19M
5Y CAGR: -14.7%
5Y CAGR: -81.8%
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