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Side-by-side financial comparison of BGSF, INC. (BGSF) and NextPlat Corp (NXPL). Click either name above to swap in a different company.
BGSF, INC. is the larger business by last-quarter revenue ($22.0M vs $12.8M, roughly 1.7× NextPlat Corp). BGSF, INC. runs the higher net margin — -5.3% vs -40.2%, a 34.9% gap on every dollar of revenue. On growth, BGSF, INC. posted the faster year-over-year revenue change (-9.4% vs -21.1%). BGSF, INC. produced more free cash flow last quarter ($1.7M vs $-339.0K). Over the past eight quarters, BGSF, INC.'s revenue compounded faster (-5.3% CAGR vs -14.4%).
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.
BGSF vs NXPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $22.0M | $12.8M |
| Net Profit | $-1.2M | $-5.1M |
| Gross Margin | 35.0% | 14.3% |
| Operating Margin | -17.6% | -28.9% |
| Net Margin | -5.3% | -40.2% |
| Revenue YoY | -9.4% | -21.1% |
| Net Profit YoY | -18.2% | -70.6% |
| 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 | $22.0M | $12.8M | ||
| Q3 25 | $26.9M | $13.8M | ||
| Q2 25 | $23.5M | $13.2M | ||
| Q1 25 | $20.9M | $14.5M | ||
| Q4 24 | $24.3M | $16.2M | ||
| Q3 24 | $29.8M | $15.4M | ||
| Q2 24 | $25.7M | $17.0M | ||
| Q1 24 | $24.5M | $17.5M |
| Q4 25 | $-1.2M | $-5.1M | ||
| Q3 25 | $-5.8M | $-2.2M | ||
| Q2 25 | $-3.7M | $-1.8M | ||
| Q1 25 | $-722.0K | $-1.3M | ||
| Q4 24 | $-981.0K | $-3.0M | ||
| Q3 24 | $-804.0K | $-4.2M | ||
| Q2 24 | $-761.0K | $-5.3M | ||
| Q1 24 | $-792.0K | $-1.5M |
| Q4 25 | 35.0% | 14.3% | ||
| Q3 25 | 35.9% | 19.9% | ||
| Q2 25 | 35.8% | 21.8% | ||
| Q1 25 | 36.2% | 23.8% | ||
| Q4 24 | 35.9% | 16.8% | ||
| Q3 24 | 35.9% | 23.2% | ||
| Q2 24 | 37.3% | 34.5% | ||
| Q1 24 | 38.1% | 27.8% |
| Q4 25 | -17.6% | -28.9% | ||
| Q3 25 | -3.5% | -14.5% | ||
| Q2 25 | -18.8% | -13.8% | ||
| Q1 25 | 1.6% | -10.2% | ||
| Q4 24 | -15.7% | -14.1% | ||
| Q3 24 | -3.4% | -52.1% | ||
| Q2 24 | -5.7% | -64.1% | ||
| Q1 24 | 1.7% | -10.5% |
| Q4 25 | -5.3% | -40.2% | ||
| Q3 25 | -21.6% | -15.9% | ||
| Q2 25 | -15.9% | -13.5% | ||
| Q1 25 | -3.5% | -9.2% | ||
| Q4 24 | -4.0% | -18.6% | ||
| Q3 24 | -2.7% | -27.4% | ||
| Q2 24 | -3.0% | -31.3% | ||
| Q1 24 | -3.2% | -8.5% |
| Q4 25 | $-0.12 | — | ||
| Q3 25 | $-0.52 | — | ||
| Q2 25 | $-0.34 | — | ||
| Q1 25 | $-0.06 | $-0.05 | ||
| Q4 24 | — | — | ||
| Q3 24 | $-0.07 | $-0.22 | ||
| Q2 24 | $-0.07 | — | ||
| Q1 24 | — | $-0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $13.7M |
| Total DebtLower is stronger | — | $1.3M |
| Stockholders' EquityBook value | $48.1M | $17.3M |
| Total Assets | $57.8M | $27.5M |
| Debt / EquityLower = less leverage | — | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $13.7M | ||
| Q3 25 | $41.2M | $13.9M | ||
| Q2 25 | $2.8M | $16.6M | ||
| Q1 25 | $2.0M | $17.7M | ||
| Q4 24 | $32.0K | $20.0M | ||
| Q3 24 | $262 | $20.4M | ||
| Q2 24 | $226 | $24.9M | ||
| Q1 24 | $50 | $23.5M |
| Q4 25 | — | $1.3M | ||
| Q3 25 | — | $1.2M | ||
| Q2 25 | — | $1.2M | ||
| Q1 25 | — | $1.3M | ||
| Q4 24 | — | $1.4M | ||
| Q3 24 | — | $1.5M | ||
| Q2 24 | — | $1.3M | ||
| Q1 24 | — | $1.4M |
| Q4 25 | $48.1M | $17.3M | ||
| Q3 25 | $50.7M | $21.4M | ||
| Q2 25 | $78.3M | $23.5M | ||
| Q1 25 | $81.8M | $25.3M | ||
| Q4 24 | $82.3M | $27.3M | ||
| Q3 24 | $82.9M | $22.5M | ||
| Q2 24 | $83.2M | $26.5M | ||
| Q1 24 | $83.6M | $31.2M |
| Q4 25 | $57.8M | $27.5M | ||
| Q3 25 | $83.6M | $30.0M | ||
| Q2 25 | $149.7M | $31.0M | ||
| Q1 25 | $152.3M | $35.2M | ||
| Q4 24 | $150.1M | $37.1M | ||
| Q3 24 | $157.3K | $41.1M | ||
| Q2 24 | $159.8K | $51.5M | ||
| Q1 24 | $170.6K | $65.1M |
| Q4 25 | — | 0.07× | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | — | 0.05× | ||
| Q1 25 | — | 0.05× | ||
| Q4 24 | — | 0.05× | ||
| Q3 24 | — | 0.07× | ||
| Q2 24 | — | 0.05× | ||
| Q1 24 | — | 0.04× |
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 | $-302.0K |
| Free Cash FlowOCF − Capex | $1.7M | $-339.0K |
| FCF MarginFCF / Revenue | 7.6% | -2.6% |
| Capex IntensityCapex / Revenue | 0.1% | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0K | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $-302.0K | ||
| Q3 25 | $-4.8M | $-2.7M | ||
| Q2 25 | $2.2M | $-1.0M | ||
| Q1 25 | $1.1M | $-2.1M | ||
| Q4 24 | $3.2M | $-476.0K | ||
| Q3 24 | $6.5M | $-4.6M | ||
| Q2 24 | $7.3M | $2.3M | ||
| Q1 24 | $7.4M | $-2.7M |
| Q4 25 | $1.7M | $-339.0K | ||
| Q3 25 | $-4.9M | — | ||
| Q2 25 | $2.1M | $-1.1M | ||
| Q1 25 | $1.0M | $-2.1M | ||
| Q4 24 | $2.5M | $-508.0K | ||
| Q3 24 | $6.5M | $-4.7M | ||
| Q2 24 | $7.3M | $2.2M | ||
| Q1 24 | $6.9M | $-2.7M |
| Q4 25 | 7.6% | -2.6% | ||
| Q3 25 | -18.1% | — | ||
| Q2 25 | 9.1% | -8.0% | ||
| Q1 25 | 5.0% | -14.3% | ||
| Q4 24 | 10.2% | -3.1% | ||
| Q3 24 | 21.7% | -30.6% | ||
| Q2 24 | 28.5% | 13.2% | ||
| Q1 24 | 28.1% | -15.7% |
| Q4 25 | 0.1% | 0.3% | ||
| Q3 25 | 0.4% | 0.0% | ||
| Q2 25 | 0.0% | 0.1% | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | 3.0% | 0.2% | ||
| Q3 24 | 0.0% | 0.6% | ||
| Q2 24 | 0.0% | 0.4% | ||
| Q1 24 | 2.0% | 0.4% |
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% |
NXPL
| Healthcare Operations | $9.0M | 70% |
| Ecommerce Revenue | $3.8M | 30% |
