Revenue and Growth - BGSF's revenue from the Property Management segment grew from $23.0 million in 2010 to $93.3 million in 2025, representing a significant organic growth[30]. - The property management workforce solution market is estimated to be approximately $1.5 billion, indicating a substantial opportunity for growth[23]. - BGSF's operations are focused on the Property Management segment following the sale of the Professional segment in September 2025[24]. - The company is evaluating acquisition opportunities to further grow its Property Management segment in addition to organic growth strategies[31]. - Revenues for the fiscal year ended December 28, 2025, were $93,310 thousand, a decrease of 10.6% from $104,402 thousand in 2024 and a decrease of 25.4% from $125,077 thousand in 2023[148]. - Revenues for Fiscal 2025 decreased by approximately $11.1 million (10.6%) to $93.3 million, primarily due to a 12.1% reduction in billed hours driven by lower demand and increased competition[149]. Workforce and Employment - In 2025, BGSF placed approximately 9,600 individuals in positions with client partners, maintaining responsibility for wages, benefits, and payroll taxes[40]. - BGSF's workforce solutions are primarily provided to small and medium-sized property management companies, with no single client accounting for more than 10% of revenues in recent fiscal years[27]. - As of January 29, 2026, BGSF employed approximately 189 team members across various locations in the U.S.[39]. - Women represented 36% of all team members, while underrepresented minorities accounted for 71% of reporting team members[48]. - The company provided over 10,000 educational hours to 2,200 individuals through professional development initiatives[45]. - In 2025, over 10,000 hours were spent on upskilling the workforce, with more than 3,200 individuals participating in training programs[47]. Financial Performance - Gross profit for the same period was $33.33 million, down 13.5% from $38.37 million in 2024[134]. - The company incurred an operating loss of $8.90 million in 2025, compared to a loss of $5.87 million in 2024[134]. - Net loss for the fiscal year was $11.43 million, compared to a net loss of $3.34 million in 2024[134]. - The gross profit margin for the fiscal year ended December 28, 2025, was 35.7%, down from 36.8% in 2024 and 39.8% in 2023, indicating declining profitability[148]. - Cash provided by operating activities for Fiscal 2025 was $0.1 million, a decrease of $19.3 million compared to $19.4 million in Fiscal 2024[163]. - Total current assets decreased to $38.45 million in 2025 from $45.35 million in 2024, reflecting a decline of 15.2%[204]. Strategic Initiatives - The company has begun investing in AI tools in 2025 to enhance recruiting and onboarding processes, aiming to differentiate itself from competitors[33]. - The company aims to expand its infrastructure and service offerings, invest in new technologies, and explore acquisitions as part of its long-term strategy[59]. - The company initiated a strategic alternatives review process on May 8, 2024, to maximize shareholder value, which included a cost restructuring plan announced in December 2024[145]. - The company has implemented cost restructuring plans aimed at reducing costs and improving operating performance, though these may be complex and not yield desired results[105]. Risks and Compliance - The company is subject to various regulations, including those from the U.S. Department of Labor, which could impose additional financial risks[50]. - Compliance with various labor and employment laws is critical, and failure to comply could materially harm the business[73]. - The company faces risks related to competition, economic downturns, and the ability to attract and retain qualified field talent[53][57][61]. - The company is dependent on workers' compensation insurance at commercially reasonable terms, and loss of coverage could materially affect its financial position[71]. - The company may face employment-related claims, including class action lawsuits, which could lead to significant financial losses[77]. Shareholder Information - The company does not currently pay dividends and has no plans to do so in the future, meaning returns for investors will depend on stock price appreciation[97]. - The company repurchased 351,200 shares of common stock at a total cost of $1.52 million, with a weighted average price of $4.33 per share during 2025[130]. - The board declared a cash dividend of $2.00 per share in September 2025, totaling $22.40 million, but has no plans for regular future dividends[124]. - The company has 797,731 options outstanding under its equity compensation plans, with a weighted average exercise price of $12.30[126]. Market and Economic Conditions - The company is focused solely on the property management market after the recent strategic review process initiated in May 2024[104]. - The company experiences seasonal fluctuations, with demand typically peaking in the third quarter due to increased activity in multifamily units[36]. - The company has been able to moderate the negative impacts of inflation by adjusting its pricing model[186]. - Changes in health care reform laws could increase costs, and inability to raise rates charged to client partners may adversely affect the business[74].

Core Viewpoint - The company is undergoing a significant transformation in its go-to-market strategy, including a rebranding to BGStaffing.com to enhance SEO and marketing effectiveness following the completion of a transition services agreement (TSA) in April [1][2]. Financial Performance - Fiscal 2025 is described as a "transformational year," with the company retiring all outstanding debt, returning capital to shareholders through a $2 per share special dividend, and initiating a $5 million share repurchase program [3][6]. - Q4 revenue from continuing operations decreased by 9.4% to $22.0 million, attributed to lower billable hours and weak demand [5][11]. - Adjusted EBITDA loss for Q4 narrowed to approximately $0.95 million, with significant SG&A cost reductions contributing to this improvement [5][14]. - The company reported a GAAP net loss from continuing operations of $0.11 per diluted share for Q4, with a non-GAAP adjusted EPS loss of $0.09 per share [15]. Strategic Initiatives - The company plans to expand into PropTech support through a partnership with Yardi, initially staffing 8 to 12 consultants, with projected first-year revenue of $1 to $2 million [5][9]. - Management is focused on optimizing AI investments to enhance client and candidate experiences while improving operational efficiency [10]. Cost Management - SG&A expenses in Q4 were reduced to $9.3 million from $10.5 million in the prior year, despite including strategic review costs and out-of-period expenses [13][17]. - The company anticipates annualized savings of approximately $1 million from identified actions to reduce SG&A, particularly in selling costs [18]. Market Outlook - Early projections for fiscal 2026 suggest sales growth in the mid-single digits, with positive trends noted in the first two months of the new fiscal year [23]. - Customer feedback indicates increased optimism and willingness to invest in staffing and PropTech support services compared to the previous year [21].

Financial Data and Key Metrics Changes - Fourth quarter revenues were $22 million, a 9.4% decline compared to the prior year, driven by lower billable hours and weak demand due to cost pressures on property management companies [10] - Gross profit in the fourth quarter was $7.7 million, down from $8.7 million in the prior year, with a gross profit margin of 35% [10] - SG&A expenses for the fourth quarter were $9.3 million, down from $10.5 million in the prior year [11] - Fourth quarter adjusted EBITDA was a loss of $947 thousand, an improvement from a loss of $1.6 million in the prior year [11] - The company reported a fourth quarter GAAP net loss from continuing operations of $0.11 per diluted share [12] Business Line Data and Key Metrics Changes - The company is now solely focused on property management staffing after the sale of the professional division, which has allowed for a debt-free status and a strong cash position [4] - Ongoing G&A costs are estimated to be around $12 million, with public company costs at approximately $2 million [5] Market Data and Key Metrics Changes - Customer feedback indicates a more optimistic sentiment this year compared to the previous year, with a willingness to spend on staffing and PropTech support services [27] - Top-line sales through the first two months of the current year are slightly ahead of 2025, indicating a positive start [32] Company Strategy and Development Direction - The company is transitioning its website to BGStaffing.com to improve SEO performance and brand positioning [7] - A key strategic initiative includes expanding into the PropTech support market through a partnership with Yardi, enhancing the company's positioning in multifamily and commercial property management staffing [8] - The company is focused on optimizing AI investments to improve client and candidate experiences [9] Management Comments on Operating Environment and Future Outlook - Management expressed that the current market environment is more favorable than a year ago, with customers showing increased interest in spending on services [27] - There is an expectation of mid-single-digit growth in full-year sales for 2026 compared to 2025 [34] Other Important Information - The company has implemented significant cost-cutting measures, resulting in improved EBITDA loss despite lower sales [11] - The company plans to finalize the settlement of a $5.2 million escrow receivable from the sale of the professional division during Q2 [12] Q&A Session Summary Question: Can you walk us through the Yardi relationship and its implications for the business? - The Yardi partnership allows the company to fill gaps in implementation and training for property management customers, serving as a referral base for independent consultants [17][18] Question: What is the potential size of the Yardi business? - The potential is significant as Yardi is widely used in the property management space, with opportunities at both corporate and on-site levels [19][20] Question: How do you characterize the overall market environment today? - There is a more optimistic sentiment among customers, with plans to leverage staffing and PropTech support services [27] Question: What are the ongoing SG&A costs expected to be? - Ongoing G&A costs are estimated at around $12 million, with the fourth quarter SG&A number being higher due to transitional costs [23][24] Question: How do you expect growth to unfold in 2026? - The company expects growth in every quarter of 2026, driven by both market conditions and improved execution [59][62]

Financial Data and Key Metrics Changes - Fiscal 2025 was a transformational year for the company, retiring all outstanding debt and returning capital to shareholders via a $2 per share special dividend and a $5 million share buyback [4] - Fourth quarter revenues were $22 million, a 9.4% decline compared to the prior year, driven by lower billable hours and weak demand [11] - Gross profit in the fourth quarter was $7.7 million, with a gross profit margin of 35%, negatively affected by $147,000 in out-of-period workers' comp costs [11] - SG&A expenses for the fourth quarter were $9.3 million, down from $10.5 million in the prior year [12] - Fourth quarter adjusted EBITDA was a loss of $947,000, an improvement from a loss of $1.6 million in the prior year [12] - The company reported a fourth quarter GAAP net loss from continuing operations of $0.11 per diluted share [13] Business Line Data and Key Metrics Changes - The company is now solely focused on property management staffing, with ongoing G&A costs estimated at around $12 million [5] - Significant cost-cutting measures in SG&A expenses were the main drivers behind the improved EBITDA loss [12] Market Data and Key Metrics Changes - Customer feedback indicates a greater willingness to spend on services compared to the previous year, with a more optimistic sentiment [27] - Top-line sales through the first two months of the year are slightly ahead of 2025, indicating a positive start [32] Company Strategy and Development Direction - The company is transitioning its website to BGStaffing.com to improve SEO performance and brand positioning [8] - A key opportunity identified is the expansion into the PropTech support market, with a partnership announced with Yardi, an industry-leading property management technology platform [9] - The focus is on leveraging technology and AI to enhance client and candidate experiences, driving better outcomes [10] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the current market environment compared to the previous year, noting a willingness to invest in staffing and PropTech support services [27] - The company expects full-year sales in 2026 to be over 2025, with mid-single-digit growth anticipated [34] Other Important Information - The company has purchased 522,000 shares of stock totaling approximately $2.4 million as part of its share buyback program [13] - The TSA agreement following the sale of the professional division is progressing well and is expected to conclude by the end of Q1 [5] Q&A Session Summary Question: Can you walk us through the Yardi relationship and its implications for the business? - The Yardi partnership allows the company to fill gaps in implementation and training for property management customers, serving as a referral base for independent consultants [17][18] Question: What is the potential size of the Yardi business? - The potential is significant as Yardi is widely used in property management, with opportunities at both corporate and on-site levels [19][20] Question: How do you characterize the overall market environment today compared to last year? - There is a more optimistic sentiment this year, with customers planning to leverage staffing and PropTech support services [27] Question: What are the ongoing SG&A costs expected to be? - Ongoing G&A costs are estimated to be around $12 million, with the Q4 SG&A number being higher due to transitional costs [23][24] Question: How do you expect growth to unfold in 2026? - The company expects growth in every quarter of 2026, driven by both market conditions and improved execution [58][61]

Financial Data and Key Metrics Changes - Fourth quarter revenues were $22 million, a 9.4% decline compared to the prior year, driven by lower billable hours and weak demand due to cost pressures on property management companies [11] - Gross profit in the fourth quarter was $7.7 million, down from $8.7 million in the prior year, with a gross profit margin of 35% [11] - Adjusted EBITDA for the fourth quarter was a loss of $947 thousand, an improvement from a loss of $1.6 million in the prior year [12] - The company reported a GAAP net loss from continuing operations of $0.11 per diluted share, compared to a non-GAAP adjusted EPS loss of $0.09 per share [13] Business Line Data and Key Metrics Changes - The company is focused on resizing general administrative expenses to align with its standalone property staffing business, estimating ongoing G&A costs to be around $12 million [5] - SG&A expenses for the fourth quarter were $9.3 million, down from $10.5 million in the prior year, despite including strategic review costs [12] Market Data and Key Metrics Changes - Customer feedback indicates a more optimistic sentiment this year compared to the previous year, with a willingness to spend on staffing and PropTech support services [26] - Top-line sales through the first two months of the current year are slightly ahead of 2025, indicating a solid start [31] Company Strategy and Development Direction - The company is transitioning its website to BGStaffing.com to improve SEO performance and brand positioning [7] - A key opportunity identified is the expansion into the PropTech support market, with a partnership announced with Yardi, a leading property management technology platform [8][9] - The company is leveraging technology and AI investments to enhance client and candidate experiences, aiming for operational performance improvements [10] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the current market environment, noting a greater propensity for customers to spend compared to the previous year [26] - The company expects full-year sales in 2026 to be over 2025, projecting mid-single-digit growth [33] Other Important Information - The company has retired all outstanding debt and returned capital to shareholders via a $2 per share special dividend and a $5 million share buyback [4] - The company is focused on executing strategic priorities while managing transitional work related to the sale of the professional division [14] Q&A Session Summary Question: Can you walk us through the Yardi relationship and its implications for the business? - The Yardi partnership allows the company to fill gaps in implementation and training for property management customers, serving as a referral base for independent consultants [16][17] Question: What is the potential size of the Yardi business? - The potential is significant as Yardi is widely used in the property management space, with opportunities at both corporate and on-site levels [19][20] Question: How do you characterize the overall market environment today compared to last year? - There is a more optimistic sentiment this year, with customers planning to leverage staffing and PropTech support services [26] Question: What are the ongoing SG&A costs expected to be? - Ongoing G&A costs are estimated to be around $12 million, with the fourth quarter SG&A number being higher due to transitional support costs [21][22] Question: How do you expect growth to unfold in 2026? - The company expects growth in every quarter of 2026, driven by both market conditions and improved execution [57][62]

Core Insights - BGSF, Inc. reported its financial results for Q4 and fiscal year 2025, highlighting a strategic realignment of its go-to-market strategy to enhance brand clarity and effectiveness in the property management staffing industry [1][2] - The company is transitioning to operate under the BG Staffing brand, which aligns with industry recognition and aims to improve search engine optimization and marketing effectiveness [1] - Fiscal 2025 was characterized as a transformational year, marked by the sale of the Professional division and a focus on returning capital to shareholders through a special dividend and share repurchase authorization [1][2] Financial Performance - Q4 2025 revenues were $22.0 million, a decrease of 9.4% from $24.3 million in Q4 2024 and an 18.1% decline from $26.9 million in Q3 2025, primarily due to lower billed hours amid cost pressures [1][3] - Gross profit for Q4 was $7.7 million, down from $8.7 million in the prior year quarter and $9.7 million in Q3, reflecting lower sales [1][3] - The net loss for Q4 was $1.3 million, or $0.11 per diluted share, an improvement from a net loss of $2.9 million, or $0.27 per diluted share in Q4 2024 [1][3] Adjusted Metrics - Adjusted EBITDA loss for Q4 was $0.9 million, representing 4.3% of revenues, compared to a loss of $1.6 million (6.7% of revenues) in the prior year quarter [1][4] - Adjusted EPS loss was $0.09 for Q4, an improvement from a loss of $0.14 in the prior year quarter and compared to an income of $0.08 in Q3 [1][4] Strategic Initiatives - The company completed a strategic study in 2025 to enhance customer experience, accelerate recruiting, and modernize digital touchpoints [1] - BGSF entered the PropTech sector through a partnership with Yardi, aiming to combine industry expertise with technology-enabled talent solutions [1][2] - The company is focused on investing for growth in 2026, with positive early trends in PropTech initiatives [1][2]

Core Viewpoint - BGSF, Inc. is set to release its fiscal 2025 fourth quarter and full year results on March 11, 2026, after market close, indicating a significant upcoming event for stakeholders [1] Company Announcement - The earnings conference call, live teleconference, and webcast will take place at 9:00 am ET on March 12, 2026, providing an opportunity for management to discuss the results in detail [1]

Financial Data and Key Metrics Changes - Total revenues from property management in Q3 2025 were $26.9 million, down 9.8% year-over-year due to cost pressures and increased competition [10][13] - Sequentially, revenues improved by 14.4% compared to Q2 2025, benefiting from seasonal factors [10][13] - Gross profit for Q3 was $9.7 million, with margins slightly increasing by 10 basis points to 35.9% [13] - Adjusted EBITDA for the quarter was $980,000, or 3.6% of revenue, compared to $75,000, or 0.3% in the prior year [14] - GAAP net loss from continuing operations was $0.28 per diluted share, while consolidated adjusted EPS was a positive $0.08 per share [14] Business Line Data and Key Metrics Changes - The property management group is now the sole reportable segment following the divestiture of the professional division [4][7] - SG&A expenses for Q3 were $10.2 million, down from $11.3 million in the prior year, including strategic restructuring costs [13][14] Market Data and Key Metrics Changes - The company is facing cost pressures on property owners and management companies, contributing to revenue declines [10][13] - Increased competition in certain markets is impacting performance, but the company is leveraging market insights to refine its strategic roadmap [10][11] Company Strategy and Development Direction - The company is focused on three main directives post-divestiture: comprehensive business review, aggressive G&A cost reduction, and compensation structure evaluation [5][6] - A stock buyback plan of up to $5 million has been announced, reflecting confidence in the long-term strategy [5] - The company aims to capture a meaningful share of a growing $1 billion-plus addressable market through operational improvements and strategic initiatives [11] Management's Comments on Operating Environment and Future Outlook - Management acknowledges that financial results may be noisy in the upcoming quarters due to the transition period [9] - There is optimism regarding revenue growth in 2026 compared to 2025, driven by strategic initiatives and market opportunities [11][12] - The company is investing in AI to enhance client engagement and improve operational efficiency [12] Other Important Information - A special cash dividend of $2 per share was declared, returning $22.4 million to shareholders [4] - The company has approximately $20 million in cash balances post-dividend payments [5] Q&A Session Summary Question: Discussion on the consultant's evaluation process - The consultant conducted surveys and interviews with clients and competitors, validating the addressable market and growth potential in the multifamily and commercial real estate sectors [16][17] Question: Outcomes of the research findings - The research provided insights into the addressable market, competitive positioning, and areas for future growth, aiding in strategic planning [17][19] Question: Learnings from the market evaluation - The study highlighted the evolving needs of client partners regarding talent acquisition and the importance of aligning with their internal teams [18][19]

Revenue and Profit Performance - Revenues for the thirteen weeks ended September 28, 2025, decreased by approximately $2.9 million (9.8%) to $26.895 million, primarily due to a 12.0% reduction in billed hours driven by lower demand and increased competition[116] - Gross profit for the same period decreased by approximately $1.0 million (9.7%) to $9.660 million, consistent with the revenue decline, partially offset by higher permanent placement business[117] - For the thirty-nine weeks ended September 28, 2025, revenues decreased by approximately $8.8 million (11.0%) to $71.284 million, attributed to a 12.3% reduction in billed hours[120] - Gross profit for the thirty-nine weeks decreased by approximately $4.0 million (13.5%) to $25.630 million, aligning with the revenue decline[120] - The company recorded a net loss from continuing operations of $3.078 million for the thirteen weeks ended September 28, 2025, compared to a net loss of $1.812 million for the same period in 2024[115] - Net loss from continuing operations for the thirty-nine weeks ended September 28, 2025, was $10.3 million, an increase from a loss of $5.9 million in the same period of 2024[127] - Adjusted EBITDA for the thirteen weeks ended September 28, 2025, was $980,000, representing a margin of 3.6% of revenue, compared to $75,000 and 0.3% for the same period in 2024[127] - Adjusted EBITDA from discontinued operations was $144,000 for the thirteen weeks ended September 28, 2025, compared to $3.9 million for the same period in 2024[127] Expenses and Cost Management - Selling, general, and administrative expenses decreased by $1.1 million (10.0%) to $10.223 million, mainly due to reduced compensation costs from a lower headcount[117] - Interest expense, net increased by $1.1 million (30.6%) primarily due to adjustments related to debt issuance costs and the repayment of the existing Term Loan and Revolving Facility[121] - Cash used in operating activities from continuing operations was $1.8 million for Fiscal 2025, a decrease of $18.2 million compared to $16.4 million provided in Fiscal 2024[134] Cash Flow and Liquidity - Cash provided by investing activities included net proceeds from the sale of BGSF Professional of approximately $91.5 million, with minimal capital expenditures in Fiscal 2025[135] - The company declared a special dividend of $2.00 per share, totaling approximately $20.0 million in available cash as of September 30, 2025[129] - Working capital from continuing operations increased to $31.5 million as of September 28, 2025, compared to $6.9 million as of December 29, 2024[132] - The company paid off its Term Loan, Revolving Facility, and Convertible Note totaling $47.3 million during Fiscal 2025[137] - The company’s primary sources of liquidity included cash generated from operations and borrowings under a revolving credit facility, with a focus on maintaining sufficient liquidity for operational needs[129] - Future growth opportunities may require new debt or equity financing, which could be adversely affected if favorable terms are not secured[130] Strategic Initiatives and Market Position - The company announced a cost restructuring plan in December 2024 as part of its strategic review process to maximize shareholder value[112] - The company operates primarily in the Property Management segment across 44 states and D.C., providing workforce solutions for property management companies[112] - The company experienced seasonal fluctuations, with demand typically peaking in the second and third quarters due to increased activity in multifamily units during summer[113] Tax and Regulatory Considerations - The current provision for income taxes includes estimated amounts payable or refundable for the year, with penalties recognized as part of selling, general, and administrative expenses[151] - Deferred tax assets and liabilities are recorded for estimated future tax effects of temporary differences, with net deferred tax assets subject to a valuation allowance if future tax benefits may not be realized[151] Risk Factors - The company is primarily exposed to inflation risks, which have been moderated through adjustments in the pricing model[153]

Financial Performance - Revenues for Q3 2025 were $26.9 million, a 14.4% increase from $23.5 million in Q2 2025, driven by increased billed hours from seasonal demand[6] - Gross profit for Q3 2025 was $9.7 million, up from $8.4 million in Q2 2025, primarily due to higher sales[6] - Net loss for Q3 2025 was $3.1 million, or $0.28 per diluted share, compared to a net loss of $4.9 million, or $0.44 per diluted share in Q2 2025[6] - Adjusted EBITDA for Q3 2025 was $980,000, representing 3.6% of revenues, compared to a loss of $1.1 million, or (4.9%) of revenues in Q2 2025[6] - Revenues for the thirteen weeks ended September 28, 2025, were $26,895,000, a decrease of 10.0% compared to $29,824,000 for the same period in 2024[15] - Gross profit for the thirty-nine weeks ended September 28, 2025, was $25,630,000, down 13.5% from $29,635,000 in 2024[15] - Net loss from continuing operations for the thirteen weeks ended September 28, 2025, was $3,078,000, compared to a loss of $1,812,000 in 2024, representing a 70% increase in losses[15] - Operating loss for the thirty-nine weeks ended September 28, 2025, was $7,135,000, significantly higher than the $3,737,000 loss in 2024[15] - Adjusted EPS from continuing operations was $0.08 for the thirteen weeks ended September 28, 2025, compared to $0.01 for the same period in 2024[28] - The operating loss for the thirteen weeks ended September 28, 2025, was $937 million, slightly improved from a loss of $1,003 million in the same period of 2024[26] Cash Flow and Assets - Cash flows from operating activities resulted in a net cash used of $1,544,000 for the thirty-nine weeks ended September 28, 2025[18] - Total current assets as of September 28, 2025, were $63.99 million, an increase from $45.35 million as of December 29, 2024[14] - Total assets as of September 28, 2025, were $41,881,000, down from $50,241,000 in 2024[17] - The company reported a net cash provided by investing activities of $91,213,000 for the thirty-nine weeks ended September 28, 2025[19] Liabilities and Expenses - Total liabilities as of September 28, 2025, were $32.89 million, down from $67.84 million as of December 29, 2024[14] - Interest expense for the thirty-nine weeks ended September 28, 2025, was $4,595,000, compared to $3,518,000 in 2024, indicating a 30.6% increase[15] - Interest expense, net, increased to $1,570 million for the thirteen weeks ended September 28, 2025, from $1,222 million in the same period of 2024[26] - Share-based compensation expenses were $545 million for the thirteen weeks ended September 28, 2025, compared to $286 million in the same period of 2024[26] Dividends and Stock Repurchase - A special dividend of $2 per share was paid on September 30, 2025, following the sale of BGSF's Professional division[7] - The company declared cash dividends of $2.00 per common share for the thirty-nine weeks ended September 28, 2025[15] - The Board approved a stock repurchase program allowing for the repurchase of up to $5 million of common stock[2] Future Outlook and Investments - The company is investing in AI-powered sales and recruiting technologies, expected to enhance efficiency in the upcoming quarters[7] - BGSF anticipates revenue growth in 2026 compared to 2025, supported by the execution of strategic initiatives[7] Tax and Contingent Considerations - The company reported an income tax benefit of $571 million for the thirteen weeks ended September 28, 2025, compared to an expense of $(413) million in the same period of 2024[26] - The company incurred a gain on contingent consideration of $450 million for the thirty-nine weeks ended September 28, 2025[26]