BGSF, INC.

For the period ended Sep 27, 2026. Filed Nov 4, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 27, 2026 · Filed Nov 4, 2026

BGSF$4.07+3.6%Stored close · as of Nov 10, 2026

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Contents

Unaudited Consolidated Statements of Cash Flows

For the Thirty-nine Week Periods Ended September 27, 2026 and September 28, 2025

2026 · 2025
Cash flows from operating activities
Net loss			$(961)				$(10,270)
Net income from discontinued operations		(1,168)			(2,891)
Adjustments to reconcile net loss to net cash used in operating activities:
	Depreciation		73			86
	Amortization		424			1,325
	Software as a service		421			950
	Loss on sale of discontinued operations		—			2,892
	Loss on disposal of property and equipment		—			11
	Contingent consideration adjustment		—			(450)
	Amortization of debt issuance costs		—			1,022
	Interest expense on note payable		—			235
	Provision for credit losses		334			1,822
	Share-based compensation		595			850
	Deferred income taxes		92			(1,450)
	Other non-cash items		(90)			—
Net changes in operating assets and liabilities:
		Accounts receivable		(2,411)			(2,236)
		Escrow receivable		4,200			(4,950)
		Prepaid expenses		(105)			302
		Other current assets		346			(516)
		Deposits		20			73
		Accounts payable		(44)			1,877
		Accrued payroll and expenses		594			2,642
		Transition services payable		(2,209)			1,474
		Accrued interest		—			(223)
		Income taxes receivable (payable)		(322)			323
		Severance payable		(299)			—
		Other current liabilities		—			1,940
		Operating leases		(30)			(15)
		Other long-term liabilities		—			3,406
	Net cash used in continuing operating activities		(540)			(1,771)
	Net cash provided by discontinued operating activities		—			227
	Net cash used in operating activities		(540)			(1,544)
Cash flows from investing activities
Proceeds from business sold		1,168			91,528
Purchases of short-term investments		(20,436)			—
Proceeds from sale of short-term investments		8,897			—
Proceeds from redemptions of short-term investments		3,007			—
Capital expenditures		(28)			(122)
	Net cash (used in) provided by continuing investing activities		(7,392)			91,406
	Net cash used in discontinued investing activities		—			(193)
	Net cash (used in) provided by investing activities		(7,392)			91,213

Cash flows from financing activities
	Net payments under line of credit		—			(10,220)
	Principal payments on long-term debt		—			(32,725)
	Payment of convertible note		—			(4,368)
	Issuance of ESPP shares		—			134
	Note payable paid		(449)			(1,289)
	Repurchase of common stock		(1,335)			—
	Payments of debt issuance costs		—			(29)
	Net cash used in continuing financing activities		(1,784)			(48,497)
Net change in cash and cash equivalents		(9,716)			41,172
Less: net change in cash and cash equivalents, discontinued operations		—			34
Cash and cash equivalents, beginning of period		19,018			32
Cash and cash equivalents, end of period, continuing operations	$9,302			$41,170
Supplemental cash flow information:
	Cash paid for interest		$58			$3,398
	Cash paid for state taxes, net of refunds		$89			$535
Non-cash transactions:
Dividends declared		$—			$22,400

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.