Barrett Business Services Q2 FY26 net income drops to $12.9 million; revenue rises 4% to $319.3 million
BBSI•Q2 results
- Barrett Business Services posted Q2 net income of $12.9 million, or $0.52 a share, down from $18.5 million, or $0.70.
- Revenue rose 4% to $319.3 million, while gross billings increased 3% to $2.29 billion.
- Gross margin narrowed 0.5 percentage points to 2.8% of gross billings; workers’ compensation costs rose to 2.5% from 2.1%.
- Unrestricted cash and investments fell to $67.9 million at June 30 from $91.9 million at March 31; the company ended debt-free.
2026 outlook
- The 2026 outlook calls for gross billings growth of 3%-4% and gross margin of 2.70%-2.75%, citing client hiring softness and firming pricing trends.
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