--- title: "Kelly Services-B | 10-K: FY2025 Revenue: USD 4.251 B" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/275811119.md" datetime: "2026-02-12T21:33:33.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275811119.md) - [en](https://longbridge.com/en/news/275811119.md) - [zh-HK](https://longbridge.com/zh-HK/news/275811119.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/275811119.md) | [English](https://longbridge.com/en/news/275811119.md) # Kelly Services-B | 10-K: FY2025 Revenue: USD 4.251 B Revenue: As of FY2025, the actual value is USD 4.251 B. EPS: As of FY2025, the actual value is USD -7.24. #### Overall Financial Performance - **Revenue from Services**: Kelly Services, Inc.’s consolidated revenue from services decreased by 1.9% to $4,250.9 million in 2025 from $4,331.8 million in 2024, following a 10.4% decrease in 2024 from $4,835.7 million in 2023. - **Gross Profit**: Consolidated gross profit decreased by 3.4% to $853.0 million in 2025 from $882.6 million in 2024. The gross profit rate was 20.1% in 2025, a decrease of 0.3 percentage points from 20.4% in 2024. - **Total SG&A Expenses (excluding depreciation and amortization)**: Total selling, general and administrative expenses (excluding depreciation and amortization) increased by 1.0% to $774.9 million in 2025 from $766.9 million in 2024. - **Earnings (Loss) from Operations**: The company reported a loss from operations of - $69.8 million in 2025, compared to a loss of - $15.1 million in 2024. - **Net Earnings (Loss)**: Kelly Services, Inc. reported a net loss of - $254.1 million in 2025, significantly higher than the net loss of - $0.6 million in 2024. - **Operating Cash Flow**: Net cash generated from operating activities was $122.6 million in 2025, an increase from $26.9 million in 2024 and $76.7 million in 2023. - **Investing Activities**: Net cash generated from investing activities was $22.3 million in 2025, a significant change from - $361.6 million used in 2024. - **Capital Expenditures**: Capital expenditures were - $8.5 million in 2025, - $11.1 million in 2024, and - $15.3 million in 2023. - **Debt-to-Total Capital**: The ratio of debt-to-total capital was 9.4% at year-end 2025, down from 16.2% at year-end 2024. - **Days Sales Outstanding (DSO)**: Global DSO was 61 days for 2025, compared to 59 days for 2024. #### Segmented Performance (2025 vs. 2024) - **Enterprise Talent Management (ETM)**: - **Revenue from Services**: Decreased by 8.7% to $2,005.5 million in 2025 from $2,196.1 million in 2024. Excluding the acquisition of Sevenstep, revenue decreased by 9.1%. Staffing services revenue decreased by 11.7%, and outcome-based services revenue decreased by 12.1%. Talent solutions revenue increased by 1.1% (excluding the acquisition). - **Gross Profit**: Decreased by 11.7% to $392.8 million in 2025 from $444.9 million in 2024. The gross profit rate was 19.6% in 2025, a decrease of 0.7 percentage points from 20.3% in 2024. - **SG&A Expenses (excluding depreciation and amortization)**: Decreased by 3.3% to $373.0 million in 2025 from $385.9 million in 2024. Excluding the acquisition, expenses decreased by 4.5%. - **Business Unit Profit**: Decreased by 66.4% to $19.8 million in 2025 from $59.0 million in 2024. - **Science, Engineering & Technology (SET)**: - **Revenue from Services**: Increased by 6.4% to $1,240.4 million in 2025 from $1,165.7 million in 2024, primarily due to the acquisition of Motion Recruitment Partners (MRP). Excluding the acquisition, revenue decreased by 9.3%. Permanent placement fees decreased. - **Gross Profit**: Increased by 5.1% to $313.2 million in 2025 from $297.9 million in 2024, primarily due to the MRP acquisition. The gross profit rate was 25.3% in 2025, a decrease of 0.3 percentage points from 25.6% in 2024. - **SG&A Expenses (excluding depreciation and amortization)**: Increased by 9.0% to $247.1 million in 2025 from $226.7 million in 2024, primarily due to the MRP acquisition. Excluding the acquisition, expenses decreased by 6.5%. - **Goodwill Impairment Charge**: The segment recognized a goodwill impairment charge of $102.0 million in 2025, compared to $72.8 million in 2024. - **Business Unit Loss**: Reported a loss of - $35.9 million in 2025, compared to a loss of - $1.6 million in 2024. - **Education**: - **Revenue from Services**: Increased by 3.9% to $1,010.7 million in 2025 from $972.3 million in 2024, driven by higher fill rates and bill rates. - **Gross Profit**: Increased by 5.2% to $147.0 million in 2025 from $139.8 million in 2024. The gross profit rate was 14.5% in 2025, an increase of 0.1 percentage points from 14.4% in 2024. - **SG&A Expenses (excluding depreciation and amortization)**: Increased by 5.3% to $101.0 million in 2025 from $95.9 million in 2024, primarily due to increased costs to support revenue growth. - **Business Unit Profit**: Increased by 4.8% to $46.0 million in 2025 from $43.9 million in 2024. - **International**: - **Revenue from Services**: The International segment reported no revenue in 2025 and 2024 due to the sale of its EMEA staffing operations in January 2024 and the transfer of its Mexico operations to the ETM segment. #### Other Key Metrics - **Dividends**: Dividends paid per common share remained consistent at $0.30 in 2025, 2024, and 2023. - **Share Repurchase Program**: Kelly Services, Inc. repurchased $10.0 million of Class A common stock in 2025, with $30.0 million remaining available under the program as of year-end 2025. #### Outlook / Guidance Kelly Services, Inc. anticipates that structural cost actions, operating model simplification, acquisition integration, and portfolio reshaping will contribute to ongoing improvements in growth prospects and financial profile through 2026 and beyond. The company plans to meet its short-term and long-term cash requirements through cash generated from operations, available cash and equivalents, and credit facilities. Management believes current cash flow from operations and available liquidity will be sufficient for anticipated cash requirements and normal operating purposes. ### 相關股票 - [Kelly Services-B (KELYB.US)](https://longbridge.com/zh-HK/quote/KELYB.US.md) ## 相關資訊與研究 - [Cloudbreak Pharma's 2025 Loss Narrows](https://longbridge.com/zh-HK/news/281317115.md) - [SunPower files to delay 10-K, expects significant upside changes in FY 2025 results](https://longbridge.com/zh-HK/news/281182236.md) - [Sri Lotus Developers Grants 1.2 Million ESOPs Under 2024 Scheme](https://longbridge.com/zh-HK/news/281348606.md) - [Legacy Housing Corp Eyes Recovery After Tough 2025](https://longbridge.com/zh-HK/news/281587739.md) - [Temas Resources Corp. provides updates on FY 2025](https://longbridge.com/zh-HK/news/281523634.md)