BGSF, INC.BGSF

BGSF, INC. Segments Disclosure

10-KFiled Mar 30, 20262 min read
BUSINESS SEGMENT
 
The Company has continuing operations through one segment of Property Management, which includes centralized support services through executive, marketing, human resources, information technology, accounting, treasury, and billing operations. The chief operating decision-maker (the “CODM”), the President of Property Management and Co-Chief Executive Officers, establish the strategic direction of the Company, priorities, and long-term financial objectives. The CODM is ultimately responsible for evaluating segment performance and making decisions regarding resource allocation. The Property Management segment provides office and maintenance field talent to property management companies responsible for the apartment communities' and commercial buildings' day-to-day operations. The CODM considers variances between actual results and expectations as well as historical trends for segment income when making decisions about allocating capital and personnel resources to each segment.

Segment loss from continuing operations includes all revenue and cost of services, direct selling expenses, depreciation and amortization expense and all general and administrative expenses. The following table provides a reconciliation of revenue and loss from continuing operations by reportable segment to consolidated results for the periods indicated (in thousands):
Fiscal Years Ended
December 28,
2025		December 29,
2024		December 31,
2023
Contract field talent$91,051 $102,618 $121,827 
Contingent placements2,259 1,784 3,250 
Revenue93,310 104,402 125,077 
Compensation and related59,826 65,870 75,132 
Other151 163 160 
Gross profit33,333 38,369 49,785 
Selling:
Compensation16,866 18,936 21,737 
Advertising, occupancy, and travel1,694 1,837 2,087 
Software, insurance, and professional fees1,634 1,275 1,278 
Other2,767 2,583 1,395 
Contributions to overhead22,961 24,631 26,497 
General and administrative:
Compensation8,290 9,394 10,215 
Software2,875 2,862 2,720 
Professional fees3,087 2,898 3,046 
Strategic alternatives review2,519 962 — 
Other1,404 2,155 2,924 
Contingent consideration adjustment(450)— — 
Depreciation and amortization1,550 1,334 1,313 
Operating loss(8,903)(5,867)3,070 
Interest expense, net(4,511)(4,921)(5,976)
Income tax benefit from continuing operations1,881 2,084 831 
Net loss from continuing operations$(11,533)$(8,704)$(2,075)
Capital expenditures$138 $1,217 $2,153 
Total assets$57,837 $42,063 $55,091 

Historical Timeline

Fiscal YearFiled
2025Mar 30, 2026Showing above
2024Mar 17, 2025
2023Mar 16, 2023
2021Mar 10, 2022
2020Mar 11, 2021
2019Mar 12, 2020
2018Mar 12, 2019
2017Mar 8, 2018
2016Mar 6, 2017
2015Mar 7, 2016

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

Other Available Disclosures

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