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Side-by-side financial comparison of Ares Commercial Real Estate Corp (ACRE) and BGSF, INC. (BGSF). Click either name above to swap in a different company.
BGSF, INC. is the larger business by last-quarter revenue ($22.0M vs $13.2M, roughly 1.7× Ares Commercial Real Estate Corp). BGSF, INC. runs the higher net margin — -5.3% vs -29.2%, a 24.0% gap on every dollar of revenue. On growth, BGSF, INC. posted the faster year-over-year revenue change (-9.4% vs -24.5%). Over the past eight quarters, BGSF, INC.'s revenue compounded faster (-5.3% CAGR vs -15.9%).
Ares Commercial Real Estate Corp is a specialty finance company focused on the commercial real estate sector. It offers a full suite of customized financing solutions including senior mortgage loans, subordinated debt and preferred equity, primarily serving middle-market commercial property owners and operators across the United States.
BGSF Inc. is a leading U.S.-headquartered workforce solutions firm that provides tailored staffing, talent recruitment, and end-to-end workforce management services. It serves core segments including information technology, healthcare, professional administration, light industrial, and creative industries, catering to small, mid-sized and large enterprise clients across North America.
ACRE vs BGSF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.2M | $22.0M |
| Net Profit | $-3.9M | $-1.2M |
| Gross Margin | — | 35.0% |
| Operating Margin | -29.2% | -17.6% |
| Net Margin | -29.2% | -5.3% |
| Revenue YoY | -24.5% | -9.4% |
| Net Profit YoY | 63.8% | -18.2% |
| EPS (diluted) | — | $-0.12 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $13.2M | $22.0M | ||
| Q3 25 | $14.1M | $26.9M | ||
| Q2 25 | $12.6M | $23.5M | ||
| Q1 25 | $14.9M | $20.9M | ||
| Q4 24 | $17.5M | $24.3M | ||
| Q3 24 | $16.7M | $29.8M | ||
| Q2 24 | $16.8M | $25.7M | ||
| Q1 24 | $18.7M | $24.5M |
| Q4 25 | $-3.9M | $-1.2M | ||
| Q3 25 | $4.7M | $-5.8M | ||
| Q2 25 | $-11.0M | $-3.7M | ||
| Q1 25 | $9.3M | $-722.0K | ||
| Q4 24 | $-10.7M | $-981.0K | ||
| Q3 24 | $-5.9M | $-804.0K | ||
| Q2 24 | $-6.1M | $-761.0K | ||
| Q1 24 | $-12.3M | $-792.0K |
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 35.9% | ||
| Q2 25 | — | 35.8% | ||
| Q1 25 | — | 36.2% | ||
| Q4 24 | — | 35.9% | ||
| Q3 24 | — | 35.9% | ||
| Q2 24 | — | 37.3% | ||
| Q1 24 | — | 38.1% |
| Q4 25 | -29.2% | -17.6% | ||
| Q3 25 | 33.0% | -3.5% | ||
| Q2 25 | -87.8% | -18.8% | ||
| Q1 25 | 64.4% | 1.6% | ||
| Q4 24 | -61.0% | -15.7% | ||
| Q3 24 | -35.3% | -3.4% | ||
| Q2 24 | -36.5% | -5.7% | ||
| Q1 24 | -65.9% | 1.7% |
| Q4 25 | -29.2% | -5.3% | ||
| Q3 25 | 33.0% | -21.6% | ||
| Q2 25 | -87.8% | -15.9% | ||
| Q1 25 | 62.5% | -3.5% | ||
| Q4 24 | -60.9% | -4.0% | ||
| Q3 24 | -35.3% | -2.7% | ||
| Q2 24 | -36.5% | -3.0% | ||
| Q1 24 | -65.9% | -3.2% |
| Q4 25 | — | $-0.12 | ||
| Q3 25 | — | $-0.52 | ||
| Q2 25 | — | $-0.34 | ||
| Q1 25 | — | $-0.06 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-0.07 | ||
| Q2 24 | — | $-0.07 | ||
| Q1 24 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.3M | — |
| Total DebtLower is stronger | $948.2M | — |
| Stockholders' EquityBook value | $509.6M | $48.1M |
| Total Assets | $1.6B | $57.8M |
| Debt / EquityLower = less leverage | 1.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.3M | — | ||
| Q3 25 | $84.9M | $41.2M | ||
| Q2 25 | $90.0M | $2.8M | ||
| Q1 25 | $125.5M | $2.0M | ||
| Q4 24 | $63.8M | $32.0K | ||
| Q3 24 | $68.9M | $262 | ||
| Q2 24 | $70.6M | $226 | ||
| Q1 24 | $99.5M | $50 |
| Q4 25 | $948.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $718.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $509.6M | $48.1M | ||
| Q3 25 | $521.0M | $50.7M | ||
| Q2 25 | $523.7M | $78.3M | ||
| Q1 25 | $542.1M | $81.8M | ||
| Q4 24 | $540.1M | $82.3M | ||
| Q3 24 | $563.8M | $82.9M | ||
| Q2 24 | $582.3M | $83.2M | ||
| Q1 24 | $601.1M | $83.6M |
| Q4 25 | $1.6B | $57.8M | ||
| Q3 25 | $1.4B | $83.6M | ||
| Q2 25 | $1.4B | $149.7M | ||
| Q1 25 | $1.5B | $152.3M | ||
| Q4 24 | $1.8B | $150.1M | ||
| Q3 24 | $1.9B | $157.3K | ||
| Q2 24 | $2.1B | $159.8K | ||
| Q1 24 | $2.1B | $170.6K |
| Q4 25 | 1.86× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.33× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $21.4M | $1.7M |
| Free Cash FlowOCF − Capex | — | $1.7M |
| FCF MarginFCF / Revenue | — | 7.6% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-16.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.4M | $1.7M | ||
| Q3 25 | $3.8M | $-4.8M | ||
| Q2 25 | $4.9M | $2.2M | ||
| Q1 25 | $8.0M | $1.1M | ||
| Q4 24 | $35.5M | $3.2M | ||
| Q3 24 | $8.4M | $6.5M | ||
| Q2 24 | $8.7M | $7.3M | ||
| Q1 24 | $11.4M | $7.4M |
| Q4 25 | — | $1.7M | ||
| Q3 25 | — | $-4.9M | ||
| Q2 25 | — | $2.1M | ||
| Q1 25 | — | $1.0M | ||
| Q4 24 | — | $2.5M | ||
| Q3 24 | — | $6.5M | ||
| Q2 24 | — | $7.3M | ||
| Q1 24 | — | $6.9M |
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | -18.1% | ||
| Q2 25 | — | 9.1% | ||
| Q1 25 | — | 5.0% | ||
| Q4 24 | — | 10.2% | ||
| Q3 24 | — | 21.7% | ||
| Q2 24 | — | 28.5% | ||
| Q1 24 | — | 28.1% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 2.0% |
| Q4 25 | — | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACRE
Segment breakdown not available.
BGSF
| Contract Field Talent | $21.4M | 97% |
| Other | $595.0K | 3% |
