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BBSI Q1 2026 revenues rise 5% but reports $14.8M net loss due to tax charge, reaffirms 2026 growth outlook.

Company Fundamentals
06 May 2026
GlobeNewsWire
View Source
Neutral
pluang ai news

Barrett Business Services Inc. (BBSI) reported a 5% revenue increase to $307 million in Q1 2026, driven by growth in professional employer services and higher billings per employee. Despite this, the company posted a net loss of $14.8 million, primarily due to an $11.6 million one-time tax charge from a U.S. Tax Court decision on prior-year tax credits. Excluding this charge, the net loss was $3.2 million. BBSI maintained stable margins, increased average worksite employees by 1.9%, and continued its stock repurchase and dividend programs. The company reaffirmed its full-year 2026 outlook, expecting gross billings growth of 3-5% and worksite employee growth of 2-4%.

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