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Barrett Business Services BBSI Workers Compensation — Cost of Goods Sold

Other product segments

Payroll Taxes
$174.1M
Benefit Costs
$27.45M
Direct Payroll Costs
$10.48M-21.2%

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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 workers compensation — cost of goods sold?
Barrett Business Services (BBSI) reported workers compensation — cost of goods sold of $51.79M in Q1 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 4.4% year-over-year, from $49.63M to $51.79M.
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.