vs
Side-by-side financial comparison of BGSF, INC. (BGSF) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
SmartRent, Inc. is the larger business by last-quarter revenue ($36.5M vs $22.0M, roughly 1.7× BGSF, INC.). BGSF, INC. runs the higher net margin — -5.3% vs -8.9%, a 3.6% gap on every dollar of revenue. On growth, SmartRent, Inc. posted the faster year-over-year revenue change (3.1% vs -9.4%). SmartRent, Inc. produced more free cash flow last quarter ($7.7M vs $1.7M). Over the past eight quarters, BGSF, INC.'s revenue compounded faster (-5.3% CAGR vs -15.0%).
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.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
BGSF vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $22.0M | $36.5M |
| Net Profit | $-1.2M | $-3.2M |
| Gross Margin | 35.0% | 38.6% |
| Operating Margin | -17.6% | -10.9% |
| Net Margin | -5.3% | -8.9% |
| Revenue YoY | -9.4% | 3.1% |
| Net Profit YoY | -18.2% | 71.6% |
| EPS (diluted) | $-0.12 | $-0.02 |
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 | $36.5M | ||
| Q3 25 | $26.9M | $36.2M | ||
| Q2 25 | $23.5M | $38.3M | ||
| Q1 25 | $20.9M | $41.3M | ||
| Q4 24 | $24.3M | $35.4M | ||
| Q3 24 | $29.8M | $40.5M | ||
| Q2 24 | $25.7M | $48.5M | ||
| Q1 24 | $24.5M | $50.5M |
| Q4 25 | $-1.2M | $-3.2M | ||
| Q3 25 | $-5.8M | $-6.3M | ||
| Q2 25 | $-3.7M | $-10.9M | ||
| Q1 25 | $-722.0K | $-40.2M | ||
| Q4 24 | $-981.0K | $-11.4M | ||
| Q3 24 | $-804.0K | $-9.9M | ||
| Q2 24 | $-761.0K | $-4.6M | ||
| Q1 24 | $-792.0K | $-7.7M |
| Q4 25 | 35.0% | 38.6% | ||
| Q3 25 | 35.9% | 26.4% | ||
| Q2 25 | 35.8% | 33.1% | ||
| Q1 25 | 36.2% | 32.8% | ||
| Q4 24 | 35.9% | 28.7% | ||
| Q3 24 | 35.9% | 33.2% | ||
| Q2 24 | 37.3% | 35.7% | ||
| Q1 24 | 38.1% | 38.5% |
| Q4 25 | -17.6% | -10.9% | ||
| Q3 25 | -3.5% | -19.4% | ||
| Q2 25 | -18.8% | -30.5% | ||
| Q1 25 | 1.6% | -99.9% | ||
| Q4 24 | -15.7% | -36.6% | ||
| Q3 24 | -3.4% | -29.0% | ||
| Q2 24 | -5.7% | -14.3% | ||
| Q1 24 | 1.7% | -20.1% |
| Q4 25 | -5.3% | -8.9% | ||
| Q3 25 | -21.6% | -17.3% | ||
| Q2 25 | -15.9% | -28.3% | ||
| Q1 25 | -3.5% | -97.2% | ||
| Q4 24 | -4.0% | -32.3% | ||
| Q3 24 | -2.7% | -24.5% | ||
| Q2 24 | -3.0% | -9.5% | ||
| Q1 24 | -3.2% | -15.2% |
| Q4 25 | $-0.12 | $-0.02 | ||
| Q3 25 | $-0.52 | $-0.03 | ||
| Q2 25 | $-0.34 | $-0.06 | ||
| Q1 25 | $-0.06 | $-0.21 | ||
| Q4 24 | — | $-0.06 | ||
| Q3 24 | $-0.07 | $-0.05 | ||
| Q2 24 | $-0.07 | $-0.02 | ||
| Q1 24 | — | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $104.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $48.1M | $232.1M |
| Total Assets | $57.8M | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $104.5M | ||
| Q3 25 | $41.2M | $100.0M | ||
| Q2 25 | $2.8M | $105.0M | ||
| Q1 25 | $2.0M | $125.6M | ||
| Q4 24 | $32.0K | $142.5M | ||
| Q3 24 | $262 | $163.4M | ||
| Q2 24 | $226 | $187.4M | ||
| Q1 24 | $50 | $204.7M |
| Q4 25 | $48.1M | $232.1M | ||
| Q3 25 | $50.7M | $234.4M | ||
| Q2 25 | $78.3M | $238.8M | ||
| Q1 25 | $81.8M | $250.7M | ||
| Q4 24 | $82.3M | $289.4M | ||
| Q3 24 | $82.9M | $305.1M | ||
| Q2 24 | $83.2M | $329.4M | ||
| Q1 24 | $83.6M | $333.1M |
| Q4 25 | $57.8M | $320.9M | ||
| Q3 25 | $83.6M | $335.8M | ||
| Q2 25 | $149.7M | $354.0M | ||
| Q1 25 | $152.3M | $366.1M | ||
| Q4 24 | $150.1M | $420.2M | ||
| Q3 24 | $157.3K | $448.6M | ||
| Q2 24 | $159.8K | $475.3M | ||
| Q1 24 | $170.6K | $485.5M |
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 | $7.7M |
| Free Cash FlowOCF − Capex | $1.7M | $7.7M |
| FCF MarginFCF / Revenue | 7.6% | 21.0% |
| Capex IntensityCapex / Revenue | 0.1% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0K | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $7.7M | ||
| Q3 25 | $-4.8M | $-2.1M | ||
| Q2 25 | $2.2M | $-14.9M | ||
| Q1 25 | $1.1M | $-12.2M | ||
| Q4 24 | $3.2M | $-12.0M | ||
| Q3 24 | $6.5M | $-3.7M | ||
| Q2 24 | $7.3M | $-13.9M | ||
| Q1 24 | $7.4M | $-3.3M |
| Q4 25 | $1.7M | $7.7M | ||
| Q3 25 | $-4.9M | $-2.2M | ||
| Q2 25 | $2.1M | $-16.2M | ||
| Q1 25 | $1.0M | $-14.3M | ||
| Q4 24 | $2.5M | $-13.3M | ||
| Q3 24 | $6.5M | $-3.9M | ||
| Q2 24 | $7.3M | $-14.1M | ||
| Q1 24 | $6.9M | $-3.4M |
| Q4 25 | 7.6% | 21.0% | ||
| Q3 25 | -18.1% | -6.1% | ||
| Q2 25 | 9.1% | -42.3% | ||
| Q1 25 | 5.0% | -34.7% | ||
| Q4 24 | 10.2% | -37.5% | ||
| Q3 24 | 21.7% | -9.7% | ||
| Q2 24 | 28.5% | -29.1% | ||
| Q1 24 | 28.1% | -6.7% |
| Q4 25 | 0.1% | 0.0% | ||
| Q3 25 | 0.4% | 0.2% | ||
| Q2 25 | 0.0% | 3.3% | ||
| Q1 25 | 0.1% | 5.3% | ||
| Q4 24 | 3.0% | 3.5% | ||
| Q3 24 | 0.0% | 0.6% | ||
| Q2 24 | 0.0% | 0.5% | ||
| Q1 24 | 2.0% | 0.1% |
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% |
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
