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Kelly Services KELYB Impairment charge on leasehold improvements

Impairment charge on leasehold improvements at other companies

AMC Networks Inc. logo
AMC Networks Inc.AMCX
$625K
TFX
TeleflexTFX
$1.95M
Kelly Services logo
Kelly ServicesKELYB
$2.2M
Monro, Inc. logo
Monro, Inc.MNRO
$2.53M0.0%
Shopify logo
ShopifySHOP
$1.25M
Kodiak Sciences Inc logo
Kodiak Sciences IncKOD
$0-100%

Other financials

Income statement

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Revenue$1.0B-10.7%
Gross profit$196.4M-17.0%
Operating income-$5.1M-147%
Net income-$5.9M-202%
EPS (diluted)-$0.17-206%

Balance sheet

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Cash & equivalents$29.5M-14.5%
Total debt$183.9M-30.9%
Total equity$968.5M-21.9%
Total assets$2.3B-13.1%

Cash flow

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Operating cash flow-$25.4M-206%
CapEx$1.1M-56.0%
Free cash flow-$26.5M-224%

Valuation

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Market cap$624.05M+46.6%
Enterprise value$778.45M+18.4%
P/S0.2×+0.1×

Profitability

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Gross margin19.7%-0.8pp
Operating margin-2.1%-4.2pp
Net margin-6.4%-7.0pp
FCF margin1.6%

Returns & leverage

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Return on equity-24.1%-26.0pp
Debt / equity0.2×0.0×
Current ratio1.6×-0.1×

Where this comes from

Reported directly by Kelly Services in its filing.

Tagged under the XBRL concept us-gaap:ImpairmentOfLeasehold.

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

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Questions, answered.

What is Kelly Services's impairment charge on leasehold improvements?
Kelly Services (KELYB) reported impairment charge on leasehold improvements of $2.2M in Q1 2026.
What does impairment charge on leasehold improvements mean?
This metric represents non-cash charges recognized when the carrying value of leasehold improvements exceeds their recoverable amount. It reflects a downward adjustment in the value of physical assets tied to leased properties, often triggered by changes in business strategy or facility utilization. Investors monitor this to assess the impact of asset write-downs on operating performance and the efficiency of capital investment in physical infrastructure.