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Side-by-side financial comparison of BGSF, INC. (BGSF) and CSP INC (CSPI). Click either name above to swap in a different company.
BGSF, INC. is the larger business by last-quarter revenue ($22.0M vs $12.0M, roughly 1.8× CSP INC). CSP INC runs the higher net margin — 0.8% vs -5.3%, a 6.0% gap on every dollar of revenue. On growth, BGSF, INC. posted the faster year-over-year revenue change (-9.4% vs -23.2%). BGSF, INC. produced more free cash flow last quarter ($1.7M vs $-3.0M). Over the past eight quarters, BGSF, INC.'s revenue compounded faster (-5.3% CAGR vs -6.3%).
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.
CSP Inc. is a U.S.-based technology firm offering cybersecurity solutions, managed IT services, high-performance computing systems, and IT consulting support. It serves enterprises across healthcare, finance, manufacturing, and public sectors in North America and select global markets.
BGSF vs CSPI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $22.0M | $12.0M |
| Net Profit | $-1.2M | $91.0K |
| Gross Margin | 35.0% | 39.3% |
| Operating Margin | -17.6% | -0.9% |
| Net Margin | -5.3% | 0.8% |
| Revenue YoY | -9.4% | -23.2% |
| Net Profit YoY | -18.2% | -80.7% |
| EPS (diluted) | $-0.12 | $0.01 |
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 | $22.0M | $12.0M | ||
| Q3 25 | $26.9M | $14.5M | ||
| Q2 25 | $23.5M | $15.4M | ||
| Q1 25 | $20.9M | $13.1M | ||
| Q4 24 | $24.3M | $15.7M | ||
| Q3 24 | $29.8M | $13.0M | ||
| Q2 24 | $25.7M | $13.1M | ||
| Q1 24 | $24.5M | $13.7M |
| Q4 25 | $-1.2M | $91.0K | ||
| Q3 25 | $-5.8M | $-191.0K | ||
| Q2 25 | $-3.7M | $-264.0K | ||
| Q1 25 | $-722.0K | $-108.0K | ||
| Q4 24 | $-981.0K | $472.0K | ||
| Q3 24 | $-804.0K | $-1.7M | ||
| Q2 24 | $-761.0K | $-185.0K | ||
| Q1 24 | $-792.0K | $1.6M |
| Q4 25 | 35.0% | 39.3% | ||
| Q3 25 | 35.9% | 36.6% | ||
| Q2 25 | 35.8% | 28.8% | ||
| Q1 25 | 36.2% | 32.0% | ||
| Q4 24 | 35.9% | 29.1% | ||
| Q3 24 | 35.9% | 28.4% | ||
| Q2 24 | 37.3% | 35.0% | ||
| Q1 24 | 38.1% | 47.3% |
| Q4 25 | -17.6% | -0.9% | ||
| Q3 25 | -3.5% | -3.7% | ||
| Q2 25 | -18.8% | -7.9% | ||
| Q1 25 | 1.6% | -7.6% | ||
| Q4 24 | -15.7% | -2.3% | ||
| Q3 24 | -3.4% | -15.7% | ||
| Q2 24 | -5.7% | -5.5% | ||
| Q1 24 | 1.7% | 9.0% |
| Q4 25 | -5.3% | 0.8% | ||
| Q3 25 | -21.6% | -1.3% | ||
| Q2 25 | -15.9% | -1.7% | ||
| Q1 25 | -3.5% | -0.8% | ||
| Q4 24 | -4.0% | 3.0% | ||
| Q3 24 | -2.7% | -12.7% | ||
| Q2 24 | -3.0% | -1.4% | ||
| Q1 24 | -3.2% | 11.6% |
| Q4 25 | $-0.12 | $0.01 | ||
| Q3 25 | $-0.52 | $-0.02 | ||
| Q2 25 | $-0.34 | $-0.03 | ||
| Q1 25 | $-0.06 | $-0.01 | ||
| Q4 24 | — | $0.05 | ||
| Q3 24 | $-0.07 | $-0.17 | ||
| Q2 24 | $-0.07 | $-0.02 | ||
| Q1 24 | — | $0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $24.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $48.1M | $44.8M |
| Total Assets | $57.8M | $69.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $24.9M | ||
| Q3 25 | $41.2M | $27.4M | ||
| Q2 25 | $2.8M | $26.3M | ||
| Q1 25 | $2.0M | $29.5M | ||
| Q4 24 | $32.0K | $30.7M | ||
| Q3 24 | $262 | $30.6M | ||
| Q2 24 | $226 | $28.9M | ||
| Q1 24 | $50 | $27.1M |
| Q4 25 | $48.1M | $44.8M | ||
| Q3 25 | $50.7M | $44.6M | ||
| Q2 25 | $78.3M | $47.5M | ||
| Q1 25 | $81.8M | $47.5M | ||
| Q4 24 | $82.3M | $47.5M | ||
| Q3 24 | $82.9M | $47.3M | ||
| Q2 24 | $83.2M | $48.1M | ||
| Q1 24 | $83.6M | $48.2M |
| Q4 25 | $57.8M | $69.2M | ||
| Q3 25 | $83.6M | $71.2M | ||
| Q2 25 | $149.7M | $66.8M | ||
| Q1 25 | $152.3M | $67.1M | ||
| Q4 24 | $150.1M | $67.5M | ||
| Q3 24 | $157.3K | $69.4M | ||
| Q2 24 | $159.8K | $66.8M | ||
| Q1 24 | $170.6K | $64.2M |
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 | $1.7M | $-2.9M |
| Free Cash FlowOCF − Capex | $1.7M | $-3.0M |
| FCF MarginFCF / Revenue | 7.6% | -25.1% |
| Capex IntensityCapex / Revenue | 0.1% | 0.9% |
| Cash ConversionOCF / Net Profit | — | -32.04× |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0K | $-2.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $-2.9M | ||
| Q3 25 | $-4.8M | $1.9M | ||
| Q2 25 | $2.2M | $-3.3M | ||
| Q1 25 | $1.1M | $1.9M | ||
| Q4 24 | $3.2M | $1.7M | ||
| Q3 24 | $6.5M | $-1.5M | ||
| Q2 24 | $7.3M | $2.4M | ||
| Q1 24 | $7.4M | $1.7M |
| Q4 25 | $1.7M | $-3.0M | ||
| Q3 25 | $-4.9M | $1.7M | ||
| Q2 25 | $2.1M | $-3.3M | ||
| Q1 25 | $1.0M | $1.9M | ||
| Q4 24 | $2.5M | $1.7M | ||
| Q3 24 | $6.5M | $-1.5M | ||
| Q2 24 | $7.3M | $2.4M | ||
| Q1 24 | $6.9M | $1.6M |
| Q4 25 | 7.6% | -25.1% | ||
| Q3 25 | -18.1% | 11.5% | ||
| Q2 25 | 9.1% | -21.7% | ||
| Q1 25 | 5.0% | 14.5% | ||
| Q4 24 | 10.2% | 10.8% | ||
| Q3 24 | 21.7% | -11.7% | ||
| Q2 24 | 28.5% | 17.9% | ||
| Q1 24 | 28.1% | 11.9% |
| Q4 25 | 0.1% | 0.9% | ||
| Q3 25 | 0.4% | 1.6% | ||
| Q2 25 | 0.0% | 0.4% | ||
| Q1 25 | 0.1% | 0.1% | ||
| Q4 24 | 3.0% | 0.3% | ||
| Q3 24 | 0.0% | 0.1% | ||
| Q2 24 | 0.0% | 0.3% | ||
| Q1 24 | 2.0% | 0.1% |
| Q4 25 | — | -32.04× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.69× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BGSF
| Contract Field Talent | $21.4M | 97% |
| Other | $595.0K | 3% |
CSPI
| Products | $6.7M | 56% |
| Services | $5.3M | 44% |
