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Side-by-side financial comparison of BGSF, INC. (BGSF) and ON24 INC. (ONTF). Click either name above to swap in a different company.
ON24 INC. is the larger business by last-quarter revenue ($34.6M vs $22.0M, roughly 1.6× BGSF, INC.). BGSF, INC. runs the higher net margin — -5.3% vs -18.8%, a 13.5% gap on every dollar of revenue. On growth, ON24 INC. posted the faster year-over-year revenue change (-5.6% vs -9.4%). BGSF, INC. produced more free cash flow last quarter ($1.7M vs $-2.2M). Over the past eight quarters, ON24 INC.'s revenue compounded faster (-4.2% CAGR vs -5.3%).
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.
ON24 Inc., a San Francisco-based company, is a cloud-based platform that develops and sells web-based webinar, virtual conferencing, content hub, and landing page applications as a service for marketing and sales teams in B2B organizations. In 2023 it expanded its offerings to include generative AI services.
BGSF vs ONTF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $22.0M | $34.6M |
| Net Profit | $-1.2M | $-6.5M |
| Gross Margin | 35.0% | 74.9% |
| Operating Margin | -17.6% | -23.5% |
| Net Margin | -5.3% | -18.8% |
| Revenue YoY | -9.4% | -5.6% |
| Net Profit YoY | -18.2% | 26.8% |
| EPS (diluted) | $-0.12 | $-0.15 |
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 | $34.6M | ||
| Q3 25 | $26.9M | $34.6M | ||
| Q2 25 | $23.5M | $35.3M | ||
| Q1 25 | $20.9M | $34.7M | ||
| Q4 24 | $24.3M | $36.7M | ||
| Q3 24 | $29.8M | $36.3M | ||
| Q2 24 | $25.7M | $37.3M | ||
| Q1 24 | $24.5M | $37.7M |
| Q4 25 | $-1.2M | $-6.5M | ||
| Q3 25 | $-5.8M | $-6.4M | ||
| Q2 25 | $-3.7M | $-7.3M | ||
| Q1 25 | $-722.0K | $-8.7M | ||
| Q4 24 | $-981.0K | $-8.9M | ||
| Q3 24 | $-804.0K | $-11.4M | ||
| Q2 24 | $-761.0K | $-11.2M | ||
| Q1 24 | $-792.0K | $-10.7M |
| Q4 25 | 35.0% | 74.9% | ||
| Q3 25 | 35.9% | 74.7% | ||
| Q2 25 | 35.8% | 75.1% | ||
| Q1 25 | 36.2% | 73.8% | ||
| Q4 24 | 35.9% | 74.5% | ||
| Q3 24 | 35.9% | 74.3% | ||
| Q2 24 | 37.3% | 74.5% | ||
| Q1 24 | 38.1% | 74.1% |
| Q4 25 | -17.6% | -23.5% | ||
| Q3 25 | -3.5% | -23.1% | ||
| Q2 25 | -18.8% | -26.0% | ||
| Q1 25 | 1.6% | -30.1% | ||
| Q4 24 | -15.7% | -32.1% | ||
| Q3 24 | -3.4% | -36.7% | ||
| Q2 24 | -5.7% | -35.0% | ||
| Q1 24 | 1.7% | -33.1% |
| Q4 25 | -5.3% | -18.8% | ||
| Q3 25 | -21.6% | -18.4% | ||
| Q2 25 | -15.9% | -20.6% | ||
| Q1 25 | -3.5% | -25.1% | ||
| Q4 24 | -4.0% | -24.2% | ||
| Q3 24 | -2.7% | -31.4% | ||
| Q2 24 | -3.0% | -29.9% | ||
| Q1 24 | -3.2% | -28.4% |
| Q4 25 | $-0.12 | $-0.15 | ||
| Q3 25 | $-0.52 | $-0.15 | ||
| Q2 25 | $-0.34 | $-0.17 | ||
| Q1 25 | $-0.06 | $-0.21 | ||
| Q4 24 | — | $-0.21 | ||
| Q3 24 | $-0.07 | $-0.27 | ||
| Q2 24 | $-0.07 | $-0.27 | ||
| Q1 24 | — | $-0.26 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $37.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $48.1M | $139.4M |
| Total Assets | $57.8M | $228.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $37.0M | ||
| Q3 25 | $41.2M | $47.2M | ||
| Q2 25 | $2.8M | $37.7M | ||
| Q1 25 | $2.0M | $26.8M | ||
| Q4 24 | $32.0K | $14.9M | ||
| Q3 24 | $262 | $11.0M | ||
| Q2 24 | $226 | $15.5M | ||
| Q1 24 | $50 | $18.3M |
| Q4 25 | $48.1M | $139.4M | ||
| Q3 25 | $50.7M | $144.3M | ||
| Q2 25 | $78.3M | $150.0M | ||
| Q1 25 | $81.8M | $153.7M | ||
| Q4 24 | $82.3M | $159.4M | ||
| Q3 24 | $82.9M | $164.9M | ||
| Q2 24 | $83.2M | $170.8M | ||
| Q1 24 | $83.6M | $174.4M |
| Q4 25 | $57.8M | $228.4M | ||
| Q3 25 | $83.6M | $224.8M | ||
| Q2 25 | $149.7M | $235.1M | ||
| Q1 25 | $152.3M | $245.8M | ||
| Q4 24 | $150.1M | $251.0M | ||
| Q3 24 | $157.3K | $250.9M | ||
| Q2 24 | $159.8K | $259.0M | ||
| Q1 24 | $170.6K | $269.2M |
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 | $-1.1M |
| Free Cash FlowOCF − Capex | $1.7M | $-2.2M |
| FCF MarginFCF / Revenue | 7.6% | -6.4% |
| Capex IntensityCapex / Revenue | 0.1% | 3.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0K | $4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $-1.1M | ||
| Q3 25 | $-4.8M | $2.5M | ||
| Q2 25 | $2.2M | $2.6M | ||
| Q1 25 | $1.1M | $3.4M | ||
| Q4 24 | $3.2M | $985.0K | ||
| Q3 24 | $6.5M | $295.0K | ||
| Q2 24 | $7.3M | $1.4M | ||
| Q1 24 | $7.4M | $2.1M |
| Q4 25 | $1.7M | $-2.2M | ||
| Q3 25 | $-4.9M | $2.2M | ||
| Q2 25 | $2.1M | $2.1M | ||
| Q1 25 | $1.0M | $1.9M | ||
| Q4 24 | $2.5M | $424.0K | ||
| Q3 24 | $6.5M | $143.0K | ||
| Q2 24 | $7.3M | $898.0K | ||
| Q1 24 | $6.9M | $1.1M |
| Q4 25 | 7.6% | -6.4% | ||
| Q3 25 | -18.1% | 6.2% | ||
| Q2 25 | 9.1% | 5.9% | ||
| Q1 25 | 5.0% | 5.6% | ||
| Q4 24 | 10.2% | 1.2% | ||
| Q3 24 | 21.7% | 0.4% | ||
| Q2 24 | 28.5% | 2.4% | ||
| Q1 24 | 28.1% | 2.9% |
| Q4 25 | 0.1% | 3.3% | ||
| Q3 25 | 0.4% | 1.1% | ||
| Q2 25 | 0.0% | 1.4% | ||
| Q1 25 | 0.1% | 4.2% | ||
| Q4 24 | 3.0% | 1.5% | ||
| Q3 24 | 0.0% | 0.4% | ||
| Q2 24 | 0.0% | 1.3% | ||
| Q1 24 | 2.0% | 2.8% |
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% |
ONTF
Segment breakdown not available.
