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Side-by-side financial comparison of BGSF, INC. (BGSF) and Sanara MedTech Inc. (SMTI). Click either name above to swap in a different company.

Sanara MedTech Inc. is the larger business by last-quarter revenue ($27.5M vs $22.0M, roughly 1.2× BGSF, INC.). BGSF, INC. runs the higher net margin — -5.3% vs -5.9%, a 0.6% gap on every dollar of revenue. On growth, Sanara MedTech Inc. posted the faster year-over-year revenue change (4.6% vs -9.4%). Sanara MedTech Inc. produced more free cash flow last quarter ($3.9M vs $1.7M). Over the past eight quarters, Sanara MedTech Inc.'s revenue compounded faster (21.8% 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.

Sanara MedTech Inc. is a US-based medical technology company that develops, manufactures, and distributes innovative surgical, wound care, and post-acute rehabilitation products. It mainly serves healthcare providers, hospitals, and long-term care facilities across North America, with a portfolio of FDA-cleared solutions designed to improve patient outcomes and lower clinical care operational costs.

BGSF vs SMTI — Head-to-Head

Bigger by revenue
SMTI
SMTI
1.2× larger
SMTI
$27.5M
$22.0M
BGSF
Growing faster (revenue YoY)
SMTI
SMTI
+14.0% gap
SMTI
4.6%
-9.4%
BGSF
Higher net margin
BGSF
BGSF
0.6% more per $
BGSF
-5.3%
-5.9%
SMTI
More free cash flow
SMTI
SMTI
$2.2M more FCF
SMTI
$3.9M
$1.7M
BGSF
Faster 2-yr revenue CAGR
SMTI
SMTI
Annualised
SMTI
21.8%
-5.3%
BGSF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BGSF
BGSF
SMTI
SMTI
Revenue
$22.0M
$27.5M
Net Profit
$-1.2M
$-1.6M
Gross Margin
35.0%
93.2%
Operating Margin
-17.6%
23.5%
Net Margin
-5.3%
-5.9%
Revenue YoY
-9.4%
4.6%
Net Profit YoY
-18.2%
5.3%
EPS (diluted)
$-0.12
$-0.32

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.

Revenue
BGSF
BGSF
SMTI
SMTI
Q4 25
$22.0M
$27.5M
Q3 25
$26.9M
$26.3M
Q2 25
$23.5M
$25.8M
Q1 25
$20.9M
$23.4M
Q4 24
$24.3M
$26.3M
Q3 24
$29.8M
$21.7M
Q2 24
$25.7M
$20.2M
Q1 24
$24.5M
$18.5M
Net Profit
BGSF
BGSF
SMTI
SMTI
Q4 25
$-1.2M
$-1.6M
Q3 25
$-5.8M
$-30.4M
Q2 25
$-3.7M
$-2.0M
Q1 25
$-722.0K
$-3.5M
Q4 24
$-981.0K
$-1.7M
Q3 24
$-804.0K
$-2.9M
Q2 24
$-761.0K
$-3.5M
Q1 24
$-792.0K
$-1.8M
Gross Margin
BGSF
BGSF
SMTI
SMTI
Q4 25
35.0%
93.2%
Q3 25
35.9%
92.9%
Q2 25
35.8%
92.5%
Q1 25
36.2%
92.2%
Q4 24
35.9%
91.4%
Q3 24
35.9%
90.8%
Q2 24
37.3%
90.0%
Q1 24
38.1%
89.8%
Operating Margin
BGSF
BGSF
SMTI
SMTI
Q4 25
-17.6%
23.5%
Q3 25
-3.5%
11.2%
Q2 25
-18.8%
-0.1%
Q1 25
1.6%
-8.9%
Q4 24
-15.7%
18.6%
Q3 24
-3.4%
3.6%
Q2 24
-5.7%
-14.3%
Q1 24
1.7%
-8.3%
Net Margin
BGSF
BGSF
SMTI
SMTI
Q4 25
-5.3%
-5.9%
Q3 25
-21.6%
-115.5%
Q2 25
-15.9%
-7.8%
Q1 25
-3.5%
-15.1%
Q4 24
-4.0%
-6.5%
Q3 24
-2.7%
-13.2%
Q2 24
-3.0%
-17.4%
Q1 24
-3.2%
-9.5%
EPS (diluted)
BGSF
BGSF
SMTI
SMTI
Q4 25
$-0.12
$-0.32
Q3 25
$-0.52
$-3.40
Q2 25
$-0.34
$-0.23
Q1 25
$-0.06
$-0.41
Q4 24
$-0.18
Q3 24
$-0.07
$-0.34
Q2 24
$-0.07
$-0.41
Q1 24
$-0.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BGSF
BGSF
SMTI
SMTI
Cash + ST InvestmentsLiquidity on hand
$16.6M
Total DebtLower is stronger
$46.0M
Stockholders' EquityBook value
$48.1M
$5.9M
Total Assets
$57.8M
$72.9M
Debt / EquityLower = less leverage
7.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BGSF
BGSF
SMTI
SMTI
Q4 25
$16.6M
Q3 25
$41.2M
$14.9M
Q2 25
$2.8M
$17.0M
Q1 25
$2.0M
$20.7M
Q4 24
$32.0K
$15.9M
Q3 24
$262
$16.3M
Q2 24
$226
$6.2M
Q1 24
$50
$2.8M
Total Debt
BGSF
BGSF
SMTI
SMTI
Q4 25
$46.0M
Q3 25
$45.1M
Q2 25
$44.2M
Q1 25
$43.4M
Q4 24
$30.7M
Q3 24
$30.1M
Q2 24
$14.4M
Q1 24
$9.7M
Stockholders' Equity
BGSF
BGSF
SMTI
SMTI
Q4 25
$48.1M
$5.9M
Q3 25
$50.7M
$6.1M
Q2 25
$78.3M
$35.4M
Q1 25
$81.8M
$36.7M
Q4 24
$82.3M
$39.4M
Q3 24
$82.9M
$39.8M
Q2 24
$83.2M
$41.7M
Q1 24
$83.6M
$43.3M
Total Assets
BGSF
BGSF
SMTI
SMTI
Q4 25
$57.8M
$72.9M
Q3 25
$83.6M
$71.1M
Q2 25
$149.7M
$98.8M
Q1 25
$152.3M
$96.4M
Q4 24
$150.1M
$88.1M
Q3 24
$157.3K
$88.5M
Q2 24
$159.8K
$73.4M
Q1 24
$170.6K
$70.9M
Debt / Equity
BGSF
BGSF
SMTI
SMTI
Q4 25
7.74×
Q3 25
7.33×
Q2 25
1.25×
Q1 25
1.18×
Q4 24
0.78×
Q3 24
0.76×
Q2 24
0.34×
Q1 24
0.22×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BGSF
BGSF
SMTI
SMTI
Operating Cash FlowLast quarter
$1.7M
$3.9M
Free Cash FlowOCF − Capex
$1.7M
$3.9M
FCF MarginFCF / Revenue
7.6%
14.0%
Capex IntensityCapex / Revenue
0.1%
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-16.0K
$2.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BGSF
BGSF
SMTI
SMTI
Q4 25
$1.7M
$3.9M
Q3 25
$-4.8M
$2.2M
Q2 25
$2.2M
$2.7M
Q1 25
$1.1M
$-2.0M
Q4 24
$3.2M
$932.0K
Q3 24
$6.5M
$2.1M
Q2 24
$7.3M
$-1.4M
Q1 24
$7.4M
$-1.6M
Free Cash Flow
BGSF
BGSF
SMTI
SMTI
Q4 25
$1.7M
$3.9M
Q3 25
$-4.9M
$1.1M
Q2 25
$2.1M
$902.7K
Q1 25
$1.0M
$-3.7M
Q4 24
$2.5M
$859.9K
Q3 24
$6.5M
$2.0M
Q2 24
$7.3M
$-1.5M
Q1 24
$6.9M
$-1.7M
FCF Margin
BGSF
BGSF
SMTI
SMTI
Q4 25
7.6%
14.0%
Q3 25
-18.1%
4.2%
Q2 25
9.1%
3.5%
Q1 25
5.0%
-15.9%
Q4 24
10.2%
3.3%
Q3 24
21.7%
9.4%
Q2 24
28.5%
-7.3%
Q1 24
28.1%
-9.0%
Capex Intensity
BGSF
BGSF
SMTI
SMTI
Q4 25
0.1%
0.3%
Q3 25
0.4%
4.0%
Q2 25
0.0%
6.8%
Q1 25
0.1%
7.4%
Q4 24
3.0%
0.3%
Q3 24
0.0%
0.0%
Q2 24
0.0%
0.3%
Q1 24
2.0%
0.4%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BGSF
BGSF

Contract Field Talent$21.4M97%
Other$595.0K3%

SMTI
SMTI

Soft Tissue Repair Products$24.7M90%
Bone Fusion Products$2.8M10%

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