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Side-by-side financial comparison of BGSF, INC. (BGSF) and Spire Global, Inc. (SPIR). Click either name above to swap in a different company.
BGSF, INC. is the larger business by last-quarter revenue ($22.0M vs $15.8M, roughly 1.4× Spire Global, Inc.). BGSF, INC. runs the higher net margin — -5.3% vs -176.6%, a 171.4% gap on every dollar of revenue. On growth, BGSF, INC. posted the faster year-over-year revenue change (-9.4% vs -26.9%). BGSF, INC. produced more free cash flow last quarter ($1.7M vs $-16.2M). Over the past eight quarters, BGSF, INC.'s revenue compounded faster (-5.3% CAGR vs -32.6%).
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.
Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.
BGSF vs SPIR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $22.0M | $15.8M |
| Net Profit | $-1.2M | $-28.0M |
| Gross Margin | 35.0% | 40.2% |
| Operating Margin | -17.6% | -164.1% |
| Net Margin | -5.3% | -176.6% |
| Revenue YoY | -9.4% | -26.9% |
| Net Profit YoY | -18.2% | 42.7% |
| EPS (diluted) | $-0.12 | $-0.85 |
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 | $15.8M | ||
| Q3 25 | $26.9M | $12.7M | ||
| Q2 25 | $23.5M | $19.2M | ||
| Q1 25 | $20.9M | $23.9M | ||
| Q4 24 | $24.3M | $21.7M | ||
| Q3 24 | $29.8M | $28.6M | ||
| Q2 24 | $25.7M | $25.4M | ||
| Q1 24 | $24.5M | $34.8M |
| Q4 25 | $-1.2M | $-28.0M | ||
| Q3 25 | $-5.8M | $-19.7M | ||
| Q2 25 | $-3.7M | $119.6M | ||
| Q1 25 | $-722.0K | $-20.7M | ||
| Q4 24 | $-981.0K | $-48.8M | ||
| Q3 24 | $-804.0K | $-12.5M | ||
| Q2 24 | $-761.0K | $-16.6M | ||
| Q1 24 | $-792.0K | $-25.5M |
| Q4 25 | 35.0% | 40.2% | ||
| Q3 25 | 35.9% | 36.6% | ||
| Q2 25 | 35.8% | 48.9% | ||
| Q1 25 | 36.2% | 36.8% | ||
| Q4 24 | 35.9% | 32.4% | ||
| Q3 24 | 35.9% | 44.5% | ||
| Q2 24 | 37.3% | 43.0% | ||
| Q1 24 | 38.1% | 26.5% |
| Q4 25 | -17.6% | -164.1% | ||
| Q3 25 | -3.5% | -166.1% | ||
| Q2 25 | -18.8% | -122.7% | ||
| Q1 25 | 1.6% | -106.5% | ||
| Q4 24 | -15.7% | -144.1% | ||
| Q3 24 | -3.4% | -48.0% | ||
| Q2 24 | -5.7% | -48.6% | ||
| Q1 24 | 1.7% | -34.4% |
| Q4 25 | -5.3% | -176.6% | ||
| Q3 25 | -21.6% | -155.3% | ||
| Q2 25 | -15.9% | 623.4% | ||
| Q1 25 | -3.5% | -86.5% | ||
| Q4 24 | -4.0% | -225.2% | ||
| Q3 24 | -2.7% | -43.7% | ||
| Q2 24 | -3.0% | -65.2% | ||
| Q1 24 | -3.2% | -73.3% |
| Q4 25 | $-0.12 | $-0.85 | ||
| Q3 25 | $-0.52 | $-0.61 | ||
| Q2 25 | $-0.34 | $3.72 | ||
| Q1 25 | $-0.06 | $-0.77 | ||
| Q4 24 | — | $-1.93 | ||
| Q3 24 | $-0.07 | $-0.50 | ||
| Q2 24 | $-0.07 | $-0.68 | ||
| Q1 24 | — | $-1.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $81.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $48.1M | $112.9M |
| Total Assets | $57.8M | $211.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $81.8M | ||
| Q3 25 | $41.2M | $96.8M | ||
| Q2 25 | $2.8M | $117.6M | ||
| Q1 25 | $2.0M | $35.9M | ||
| Q4 24 | $32.0K | $19.2M | ||
| Q3 24 | $262 | $36.6M | ||
| Q2 24 | $226 | $45.8M | ||
| Q1 24 | $50 | $63.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $103.7M | ||
| Q4 24 | — | $103.1M | ||
| Q3 24 | — | $4.9M | ||
| Q2 24 | — | $4.9M | ||
| Q1 24 | — | $123.1M |
| Q4 25 | $48.1M | $112.9M | ||
| Q3 25 | $50.7M | $133.1M | ||
| Q2 25 | $78.3M | $149.2M | ||
| Q1 25 | $81.8M | $3.7M | ||
| Q4 24 | $82.3M | $-11.7M | ||
| Q3 24 | $82.9M | $30.8M | ||
| Q2 24 | $83.2M | $40.3M | ||
| Q1 24 | $83.6M | $52.5M |
| Q4 25 | $57.8M | $211.0M | ||
| Q3 25 | $83.6M | $224.3M | ||
| Q2 25 | $149.7M | $239.5M | ||
| Q1 25 | $152.3M | $208.8M | ||
| Q4 24 | $150.1M | $193.6M | ||
| Q3 24 | $157.3K | $224.2M | ||
| Q2 24 | $159.8K | $230.8M | ||
| Q1 24 | $170.6K | $252.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 27.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 2.35× |
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 | $-4.3M |
| Free Cash FlowOCF − Capex | $1.7M | $-16.2M |
| FCF MarginFCF / Revenue | 7.6% | -102.1% |
| Capex IntensityCapex / Revenue | 0.1% | 75.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0K | $-92.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $-4.3M | ||
| Q3 25 | $-4.8M | $-12.0M | ||
| Q2 25 | $2.2M | $-35.1M | ||
| Q1 25 | $1.1M | $-8.4M | ||
| Q4 24 | $3.2M | $-19.2M | ||
| Q3 24 | $6.5M | $14.0M | ||
| Q2 24 | $7.3M | $-4.4M | ||
| Q1 24 | $7.4M | $-8.8M |
| Q4 25 | $1.7M | $-16.2M | ||
| Q3 25 | $-4.9M | $-20.4M | ||
| Q2 25 | $2.1M | $-38.7M | ||
| Q1 25 | $1.0M | $-17.3M | ||
| Q4 24 | $2.5M | $-24.3M | ||
| Q3 24 | $6.5M | $5.1M | ||
| Q2 24 | $7.3M | $-9.9M | ||
| Q1 24 | $6.9M | $-15.9M |
| Q4 25 | 7.6% | -102.1% | ||
| Q3 25 | -18.1% | -161.3% | ||
| Q2 25 | 9.1% | -201.7% | ||
| Q1 25 | 5.0% | -72.6% | ||
| Q4 24 | 10.2% | -112.2% | ||
| Q3 24 | 21.7% | 17.8% | ||
| Q2 24 | 28.5% | -39.0% | ||
| Q1 24 | 28.1% | -45.7% |
| Q4 25 | 0.1% | 75.1% | ||
| Q3 25 | 0.4% | 66.2% | ||
| Q2 25 | 0.0% | 18.8% | ||
| Q1 25 | 0.1% | 37.3% | ||
| Q4 24 | 3.0% | 23.5% | ||
| Q3 24 | 0.0% | 31.2% | ||
| Q2 24 | 0.0% | 21.8% | ||
| Q1 24 | 2.0% | 20.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.29× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
SPIR
Segment breakdown not available.
