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GEE Group Inc.
JOBCIK 0000040570NYSENon-AcceleratedSmaller ReportingServices-Employment AgenciesIllinoisFY ends Sep 30
Period
FY 2025
Revenue
$96.50M
Net Income
$-34.75M
Total Assets
$60.00M
Equity
$50.01M
Shares Out
109.87M
Op. Cash Flow
$549.0K
Business
GEE Group Inc. is a provider of human resources solutions that supplies temporary and permanent personnel primarily to the professional services sector. It offers contract staffing, direct-hire placement, workforce augmentation and employer-of-record services across verticals including IT, engineering, accounting and finance, office support and specialized healthcare scribes, and supports MSP/RPO/VMS arrangements. Its operations are organized under a Professional Staffing Services segment with operating subsidiaries and trade names such as Access Data Consulting, Agile Resources, Hornet Staffing, Paladin Consulting, SNI Companies, Scribe Solutions, Omni One and others. The company serves a broad range of U.S. clients—from small and medium businesses to Fortune 1000 firms—delivering services through branch offices, virtual locations, digital marketing and CRM-driven sales channels.
Summary from filing dated 2025-12-17
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 | FY 2021 2021-09-30 |
|---|---|---|---|---|---|---|
| Contract staffing services | 85 | 95 | 133 | — | — | |
| Direct hire placement services | 12 | 12 | 19 | — | — | |
| NET REVENUES | 97 | 107 | 152 | 165 | 149 | |
| Cost of contract services | 63 | 71 | 100 | 103 | 96 | |
| GROSS PROFIT | 33 | 36 | 53 | 62 | 53 | |
| Selling, general and administrative expenses | 36 | 40 | 48 | 52 | 42 | |
| Depreciation expense | 201,000 | 261,000 | 383,000 | 371,000 | 311,000 | |
| Amortization of intangible assets | 857,000 | 2 | 3 | 3 | 4 | |
| Intangible asset impairment charges | 0 | 5 | — | — | — | |
| Goodwill impairment charges | 22 | 14 | 0 | — | — | |
| LOSS FROM OPERATIONS | −25 | −26 | 2 | 4 | 6 | |
| Interest expense | −333,000 | −315,000 | −336,000 | — | — | |
| Interest income | 577,000 | 722,000 | 472,000 | — | — | |
| LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAX PROVISION | −25 | −25 | 2 | 20 | 64,000 | |
| Provision for income tax (expense) benefit attributable to continuing operations | −10 | 3 | 7 | −588,000 | 58,000 | |
| LOSS FROM CONTINUING OPERATIONS | −35 | −23 | — | — | — | |
| Loss from discontinued operations, net of tax (Note 5) | −93,000 | −1 | — | — | — | |
| CONSOLIDATED NET LOSS | −35 | −24 | 9 | 20 | 6,000 | |
| WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC AND DILUTED | 109 | 109 | 115 | 115 | 62 | |
| From continuing operations | −0.32 | −0.21 | — | — | — | |
| From discontinued operations | 0 | −0.01 | — | — | — | |
| Consolidated net loss per share | −0.32 | −0.22 | 0.08 | 0.17 | 0 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 | FY 2021 2021-09-30 |
|---|---|---|---|---|---|---|
| Cash | 21 | 21 | — | — | — | |
| Accounts receivable, less allowances ($76 and $144, respectively) | 10 | 13 | 18 | 23 | 23 | |
| Prepaid expenses and other current assets | 622,000 | 762,000 | 847,000 | 604,000 | 668,000 | |
| Current assets of discontinued operations | 0 | 1 | — | — | — | |
| Total current assets | 32 | 35 | 42 | 42 | 34 | |
| Property and equipment, net | 354,000 | 546,000 | 846,000 | 1 | 765,000 | |
| Goodwill | 25 | 46 | 61 | 61 | 63 | |
| Intangible assets, net | 620,000 | 834,000 | 8 | 11 | 15 | |
| Deferred tax assets, net | 0 | 9 | 7 | — | — | |
| Right-of-use assets | 2 | 3 | 4 | 3 | 4 | |
| Other long-term assets | 140,000 | 295,000 | 596,000 | 784,000 | 1 | |
| Noncurrent assets of discontinued operations | 0 | 339,000 | — | — | — | |
| TOTAL ASSETS | 60 | 96 | 124 | 120 | 118 | |
| Accounts payable | 1 | 2 | 3 | 3 | 2 | |
| Accrued compensation | 5 | 5 | 5 | 6 | 6 | |
| Current operating lease liabilities | 986,000 | 1 | 1 | 1 | 2 | |
| Current portion of notes payable | 196,000 | 0 | — | — | — | |
| Other current liabilities | 595,000 | 899,000 | 2 | 6 | 4 | |
| Current liabilities of discontinued operations | 0 | 347,000 | — | — | — | |
| Total current liabilities | 8 | 9 | 11 | 16 | 31 | |
| Deferred taxes, net | 262,000 | 0 | 0 | 528,000 | 591,000 | |
| Noncurrent operating lease liabilities | 2 | 2 | 2 | 2 | 3 | |
| Notes payable | 196,000 | 0 | — | — | — | |
| Other long-term liabilities | 12,000 | 82,000 | 361,000 | 555,000 | 2 | |
| Noncurrent liabilities of discontinued operations | 0 | 33,000 | — | — | — | |
| Total liabilities | 10 | 12 | 14 | 19 | 37 | |
| Common stock, no-par value; authorized - 200,000 shares; 114,900 shares issued and 109,413 shares outstanding at September 30, 2025 and September 30, 2024 | 114 | 113 | 113 | 112 | 111 | |
| Accumulated deficit | −60 | −26 | −2 | −11 | −31 | |
| Treasury stock; at cost - 5,487 shares at September 30, 2025 and September 30, 2024 | −3 | −3 | −2 | — | — | |
| Total shareholders' equity | 50 | 84 | 109 | 101 | 81 | |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 60 | 96 | 124 | 120 | 118 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 | FY 2021 2021-09-30 |
|---|---|---|---|---|---|---|
| Consolidated net loss | −35 | −24 | 9 | 20 | — | |
| Loss (gain) on disposal of assets | 3,000 | −14,000 | 0 | — | — | |
| Depreciation and amortization | 1 | 3 | 3 | 4 | 4 | |
| Amortization of operating lease right-of-use assets | 1 | 1 | 1 | — | — | |
| Intangible assets impairment charges | 0 | 5 | — | — | — | |
| Goodwill impairment charges | 22 | 15 | — | — | — | |
| Provisions for credit losses | 9,000 | 49,000 | −58,000 | — | — | |
| Gain on sale of Industrial Segment | −133,000 | 0 | — | — | — | |
| Deferred income taxes | 10 | −2 | −8 | 10,000 | 161,000 | |
| Amortization of debt issuance costs | 153,000 | 153,000 | 153,000 | 153,000 | 941,000 | |
| Accounts receivable | 4 | 5 | 4 | −152,000 | −6 | |
| Other assets | 244,000 | 170,000 | −243,000 | — | — | |
| Accounts payable | −1 | −775,000 | −196,000 | 701,000 | 206,000 | |
| Accrued compensation | −704,000 | −241,000 | −286,000 | — | — | |
| Operating lease liabilities | −1 | −2 | −1 | — | — | |
| Other liabilities | −324,000 | −929,000 | — | — | — | |
| Net cash provided by operating activities | 549,000 | 202,000 | 6 | 9 | 370,000 | |
| Acquisition of property and equipment | −16,000 | −58,000 | −89,000 | −328,000 | −126,000 | |
| Business acquisition, net of cash acquired | −968,000 | 0 | — | — | — | |
| Proceeds from sale of Industrial Segment | 1 | 0 | — | — | — | |
| Net cash provided by (used in) investing activities | 54,000 | −58,000 | −89,000 | −328,000 | −126,000 | |
| Purchases of treasury stock | 0 | −2 | −2 | — | — | |
| Payments on finance leases | −67,000 | −212,000 | −194,000 | −167,000 | — | |
| Net cash used in financing activities | −67,000 | −2 | −2 | −167,000 | −4 | |
| Net change in cash | 536,000 | −2 | 4 | 9 | — | |
| Less cash from discontinued operations | 0 | −93,000 | — | — | — | |
| Cash paid for interest | 180,000 | 169,000 | 183,000 | 192,000 | 4 | |
| Cash paid for taxes | 72,000 | 43,000 | 464,000 | 482,000 | 293,000 |
Filings
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