Barrett Business Services ( (BBSI) ) has released its Q3 earnings. Here is a breakdown of the information Barrett Business Services presented to its investors.
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Barrett Business Services, Inc. (BBSI) is a prominent provider of business management solutions, specializing in human resource outsourcing and professional management consulting, serving over 8,100 PEO clients across the United States.
In its third-quarter earnings report for 2025, BBSI announced an 8% increase in revenues, reaching $318.9 million, and a 9% rise in gross billings to $2.32 billion. The company also reported a net income of $20.6 million, or $0.79 per diluted share, reflecting a successful quarter driven by new client acquisitions.
Key financial metrics highlighted in the report include a 6% increase in average worksite employees and a decrease in workers’ compensation expenses as a percentage of gross billings. The company maintained a strong liquidity position with $109.8 million in unrestricted cash and investments, and it remained debt-free. Additionally, BBSI repurchased $7.5 million of stock and declared a quarterly dividend of $0.08 per share.
Looking ahead, BBSI anticipates gross billings growth of 8.5% to 9.5% for 2025, with a continued focus on expanding its market share and investing in technology and service delivery to support sustainable growth.