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Barrett Business Services BBSI Workers Compensation — Cost of Goods Sold

Other product segments

Payroll Taxes
$158.17M
Benefit Costs
$28.92M
Direct Payroll Costs
$10.63M-19.2%

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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
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
Gross margin64,85473,259108,039115,883
Selling, general and administrative expenses47,19448,18894,67493,026
Depreciation and amortization2,2572,0384,4303,996

Item 1. Unaudited Interim Condensed Consolidated Financial Statements

FAQ

What is Barrett Business Services's workers compensation — cost of goods sold?
Barrett Business Services (BBSI) reported workers compensation — cost of goods sold of $56.7M in Q2 2026.
How has Barrett Business Services's workers compensation — cost of goods sold changed year-over-year?
Barrett Business Services's workers compensation — cost of goods sold increased by 18.2% year-over-year, from $47.96M to $56.7M.
What is the long-term trend for Barrett Business Services's workers compensation — cost of goods sold?
Over 4 years (2021 to 2025), Barrett Business Services's workers compensation — cost of goods sold has grown at a 0.9% compound annual growth rate (CAGR), from $196.95M to $204.14M.
What does workers compensation — cost of goods sold mean?
This metric represents the direct costs incurred by the company to provide workers' compensation insurance coverage and related risk management services to its professional employer organization clients. It includes expenses such as insurance premiums, claims administration, and loss reserves associated with workplace injuries. Monitoring this cost is essential for evaluating the underwriting profitability and risk management effectiveness of the company's insurance-related service offerings.

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