GEE Group Inc. Segments Disclosure
16. Segment Data
The Company provides the following distinctive services: (a) direct hire placement services and (b) temporary professional staffing services in the fields of information technology, accounting, finance and office, engineering, and medical. These services make up the Company’s Professional Segment. As disclosed in Note 5, the Company’s Industrial Segment has been deemed a discontinued operation and, as such, is excluded from the table below which only reflects continuing operations.
The results of the Professional Segment are assessed by the Company’s chief operating decision-maker (“CODM”), our CEO, who decides how to allocate resources based on the segment’s income (loss) from operations. The CODM uses growth trends in both revenues and income (loss) from operations to compare the segment’s results to those of competitors as benchmarks. Additionally, the CODM reviews trends in revenues with reference to projected market conditions as provided by SIA in their quarterly and annual reports. These analyses provide the CODM with information needed to make decisions on capital use such as reinvesting into the Professional Segment or seeking acquisitions.
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| Year Ended September 30, |
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| 2025 |
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| 2024 |
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Net revenues |
| $ | 96,504 |
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| $ | 106,936 |
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| Cost of contract services |
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| 63,132 |
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| 70,794 |
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| Personnel expenses |
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| 22,381 |
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| 25,334 |
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| Occupancy expenses |
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| 1,689 |
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| 1,973 |
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| Advertising expenses |
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| 1,848 |
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| 2,021 |
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| Other segment expenses (a) |
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| 3,430 |
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| 3,664 |
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| Depreciation and amortization |
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| 969 |
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| 2,513 |
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| Intangible assets impairment charges |
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| - |
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| 5,209 |
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| Goodwill impairment charges |
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| 22,000 |
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| 14,201 |
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Professional Segment loss from operations |
| $ | (18,945 | ) |
| $ | (18,773 | ) |
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| Corporate SG&A (b) |
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| 6,276 |
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| 6,817 |
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| Depreciation and amortization |
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| 89 |
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| 111 |
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Loss from operations |
| $ | (25,310 | ) |
| $ | (25,701 | ) |
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| Total accounts receivables net |
| $ | 9,695 |
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| $ | 12,751 |
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| Intangible assets |
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| 620 |
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| 834 |
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| Goodwill |
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| 24,759 |
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| 46,008 |
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| Total assets (c) |
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| 59,997 |
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| 94,410 |
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| (a) | Other segment expenses mainly consist of consulting expenses, business insurance and licensing fees, applicant tracking systems and other software subscriptions, equipment-related costs, and background checks for candidates placed with clients. |
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| (b) | Corporate SG&A primarily includes certain executive and administrative salaries and related expenses, corporate legal expenses, share-based compensation expenses, consulting expenses, audit fees, corporate rent and facility costs, board related fees, certain advertising and promotional expenses, and acquisition, integration and restructuring expenses. |
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| (c) | All corporate assets such as cash and other assets have been presented together with those of the Professional Segment. |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Dec 17, 2025 | Showing above |
| 2024 | Dec 19, 2024 | |
| 2023 | Dec 18, 2023 | |
| 2022 | Dec 20, 2022 | |
| 2021 | Dec 23, 2021 | |
| 2020 | Dec 29, 2020 | |
| 2019 | Dec 23, 2019 | |
| 2018 | Dec 27, 2018 | |
| 2017 | Dec 28, 2017 | |
| 2016 | Dec 22, 2016 | |
| 2015 | Dec 29, 2015 | |
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.