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Barrett Business Services BBSI Direct Payroll Costs — Cost of Goods Sold

Other product segments

Payroll Taxes
$158.17M
Workers Compensation
$56.7M+18.2%
Benefit Costs
$28.92M

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Other financials

Income statement

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Revenue$319.3M+3.8%
Gross profit$64.9M-11.5%
Operating income$15.4M-33.1%
Net income$12.9M-30.3%
EPS (diluted)$0.52-25.7%

Balance sheet

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Cash & equivalents$27.0M+2.6%
Total debt$24.5M-4.0%
Total equity$203.8M-9.8%
Total assets$711.3M-0.3%

Cash flow

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Operating cash flow-$55.9M-3.8%
CapEx$5.5M+24.7%
Free cash flow-$61.4M-5.4%

Valuation

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Market cap$804.12M-32.7%
Enterprise value$801.58M-32.9%
P/E22.9×+0.7×
P/S0.6×-0.4×

Profitability

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Gross margin20%-1.8pp
Operating margin4.1%-1.1pp
Net margin2.8%-1.7pp
FCF margin1.2%

Returns & leverage

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Return on equity16.3%-9.0pp
Debt / equity0.1×0.0×
Current ratio1.1×-0.1×

Where this comes from

Reported directly by Barrett Business Services in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Barrett Business Services’s 10-Q, filed August 6, 2026.

Filed
Aug 5, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-335564
Line itemThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Staffing services14,29917,48728,30735,127
Total revenues319,268307,657626,273600,223
Cost of revenues:
Direct payroll costs10,63413,16521,11626,471
Payroll taxes158,165155,026332,261324,416
Benefit costs28,91818,25156,36635,867
Workers' compensation56,69747,956108,49197,586
Total cost of revenues254,414234,398518,234484,340

Item 1. Unaudited Interim Condensed Consolidated Financial Statements

FAQ

What is Barrett Business Services's direct payroll costs — cost of goods sold?
Barrett Business Services (BBSI) reported direct payroll costs — cost of goods sold of $10.63M in Q2 2026.
How has Barrett Business Services's direct payroll costs — cost of goods sold changed year-over-year?
Barrett Business Services's direct payroll costs — cost of goods sold decreased by 19.2% year-over-year, from $13.17M to $10.63M.
What is the long-term trend for Barrett Business Services's direct payroll costs — cost of goods sold?
Over 4 years (2021 to 2025), Barrett Business Services's direct payroll costs — cost of goods sold has grown at a -10.2% compound annual growth rate (CAGR), from $83.82M to $54.44M.
What does direct payroll costs — cost of goods sold mean?
This metric represents the direct costs associated with delivering payroll and workforce management services to clients, primarily encompassing the wages and related payroll expenses for employees managed under the company's professional employer organization (PEO) model. It serves as a key indicator of the variable costs incurred to generate revenue within the direct payroll services segment. Monitoring this figure helps investors assess the direct cost efficiency and margin profile of the company's core administrative and staffing service offerings.

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