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

Other product segments

Payroll Taxes
$174.1M
Workers Compensation
$51.79M+4.4%
Benefit Costs
$27.45M

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Other financials

Income statement

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Revenue$307.0M+4.9%
Gross profit$43.2M+1.3%
Operating income-$6.5M-55.0%
Net income-$14.8M-1,350%
EPS (diluted)-$0.59-1,375%

Balance sheet

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Cash & equivalents$36.6M+14.4%
Total debt$25.6M+10.5%
Total equity$205.7M-3.6%
Total assets$783.2M+0.6%

Cash flow

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Operating cash flow-$22.1M-524%
CapEx$5.7M+26.9%
Free cash flow-$27.8M-4,089%

Valuation

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Market cap$839.94M-20.0%
Enterprise value$828.93M-20.3%
P/E20.7×+0.5×
P/S0.7×-0.2×

Profitability

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Gross margin20.8%-1.0pp
Operating margin4.8%-0.4pp
Net margin3.2%-1.2pp
FCF margin1.5%

Returns & leverage

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Return on equity19.4%-6.5pp
Debt / equity0.1×0.0×
Current ratio1.2×-0.1×

Where this comes from

Reported directly by Barrett Business Services in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: Barrett Business Services’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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 $10.48M in Q1 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 21.2% year-over-year, from $13.31M to $10.48M.
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.