--- title: "Barrett Business | 8-K: FY2025 Q4 Revenue Misses Estimate at USD 321.13 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/276938466.md" datetime: "2026-02-25T21:12:54.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/276938466.md) - [en](https://longbridge.com/en/news/276938466.md) - [zh-HK](https://longbridge.com/zh-HK/news/276938466.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/276938466.md) | [繁體中文](https://longbridge.com/zh-HK/news/276938466.md) # Barrett Business | 8-K: FY2025 Q4 Revenue Misses Estimate at USD 321.13 M Revenue: As of FY2025 Q4, the actual value is USD 321.13 M, missing the estimate of USD 323.43 M. EPS: As of FY2025 Q4, the actual value is USD 0.64, missing the estimate of USD 0.6425. EBIT: As of FY2025 Q4, the actual value is USD 16.2 M. ### Dividend Barrett Business Services, Inc. (巴瑞特商业服务) declared a regular quarterly cash dividend of $0.08 per share, payable on March 27, 2026, to stockholders of record as of March 13, 2026. ### Fourth Quarter 2025 Financial Summary #### Segment Revenue - Revenues increased 5% to $321.1 million, up from $304.8 million in the fourth quarter of 2024. - Professional employer services revenue was $303,553 thousand. - Staffing services revenue was $17,573 thousand. #### Operational Metrics - Gross Billings increased 6% to $2.40 billion, up from $2.25 billion in the prior year quarter. - Average Worksite Employees (WSEs) increased 5% to 139,944, compared to 133,124 in the fourth quarter of 2024. - Net Income was $16.4 million, compared to $16.8 million in the year-ago quarter. - Total cost of revenues was $252,861 thousand, including direct payroll costs of $13,368 thousand, payroll taxes and benefits of $184,245 thousand, and workers’ compensation of $55,248 thousand. - Gross Margin was $68,265 thousand. - As a percentage of gross billings, gross margin was 2.8%, down from 3.2% in Q4 2024. - Selling, General and Administrative Expenses were $47,582 thousand. - Depreciation and Amortization was $2,163 thousand. - Income from Operations was $18,520 thousand. - Other Income, Net was $2,335 thousand, including investment income of $2,356 thousand, interest expense of - $38 thousand, and other net income of $17 thousand. - Income Before Income Taxes was $20,855 thousand. - Provision for Income Taxes was $4,459 thousand. - Workers’ Compensation Expense as a Percent of Gross Billings was 2.3%, benefiting from $2.2 million in favorable prior year liability and premium adjustments. - PEO and Staffing Wages as a Percent of Gross Billings was 87.2%. - Payroll Taxes and Benefits as a Percent of Gross Billings was 7.7%. ### Full Year 2025 Financial Summary #### Segment Revenue - Revenues increased 8% to $1.24 billion, up from $1.14 billion in 2024. - Professional employer services revenue was $1,168,334 thousand. - Staffing services revenue was $71,964 thousand. #### Operational Metrics - Gross Billings increased 9% to $9.04 billion, up from $8.33 billion in 2024. - Average Worksite Employees (WSEs) increased 7% to 138,218, compared to 129,577 in 2024. - Net Income increased 3% to $54.4 million, up from $53.0 million in 2024. - Total cost of revenues was $979,385 thousand, including direct payroll costs of $54,443 thousand, payroll taxes and benefits of $720,798 thousand, and workers’ compensation of $204,144 thousand. - Gross Margin was $260,913 thousand. - As a percentage of gross billings, gross margin was 2.9%, down from 3.0% in 2024. - Selling, General and Administrative Expenses were $190,494 thousand. - Depreciation and Amortization was $8,256 thousand. - Income from Operations was $62,163 thousand. - Other Income, Net was $9,236 thousand, including investment income of $9,259 thousand, interest expense of - $171 thousand, and other net net income of $148 thousand. - Income Before Income Taxes was $71,399 thousand. - Provision for Income Taxes was $16,951 thousand. - Workers’ Compensation Expense as a Percent of Gross Billings was 2.3%, benefiting from $18.7 million in favorable prior year liability and premium adjustments. - PEO and Staffing Wages as a Percent of Gross Billings was 86.9%. - Payroll Taxes and Benefits as a Percent of Gross Billings was 7.9%. ### Liquidity and Capital Allocation (as of December 31, 2025) - Unrestricted Cash and Investments totaled $157.2 million, compared to $121.9 million at December 31, 2024. - Barrett Business Services, Inc. (巴瑞特商业服务) remained debt-free at year-end. - The company repurchased $17 million of stock (450,492 shares at an average price of $37.80) in the fourth quarter of 2025, with approximately $75 million remaining available under the $100 million repurchase program. - Dividends paid amounted to $2.0 million in the quarter, and the board confirmed a next regular quarterly cash dividend of $0.08 per share. - Total capital returned to shareholders year-to-date through stock repurchases and dividends exceeded $50 million. ### Outlook for 2026 Barrett Business Services, Inc. (巴瑞特商业服务) anticipates gross billings growth of 3% to 5% and an increase in the average number of WSEs by 2% to 4%. The company expects gross margin as a percentage of gross billings to be between 2.70% and 2.85%, with an effective annual tax rate projected at 26% to 27%. ### Related Stocks - [Barrett Business Services, Inc. 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