vs
Side-by-side financial comparison of BGSF, INC. (BGSF) and VersaBank (VBNK). Click either name above to swap in a different company.
VersaBank is the larger business by last-quarter revenue ($26.7M vs $22.0M, roughly 1.2× BGSF, INC.). VersaBank runs the higher net margin — 30.3% vs -5.3%, a 35.6% gap on every dollar of revenue. On growth, VersaBank posted the faster year-over-year revenue change (31.2% vs -9.4%). Over the past eight quarters, VersaBank's revenue compounded faster (16.6% 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.
VersaBank is a Canada-based digital-first financial institution offering commercial lending, high-interest deposit accounts and customized financial services for SMEs, retail clients and institutional partners across North America. It operates no physical branches, using secure digital infrastructure to deliver efficient, cost-effective banking experiences.
BGSF vs VBNK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $22.0M | $26.7M |
| Net Profit | $-1.2M | $8.1M |
| Gross Margin | 35.0% | — |
| Operating Margin | -17.6% | — |
| Net Margin | -5.3% | 30.3% |
| Revenue YoY | -9.4% | 31.2% |
| Net Profit YoY | -18.2% | 35.9% |
| 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.
| Q1 26 | — | $26.7M | ||
| Q4 25 | $22.0M | — | ||
| Q3 25 | $26.9M | $23.1M | ||
| Q2 25 | $23.5M | $22.0M | ||
| Q1 25 | $20.9M | $20.3M | ||
| Q4 24 | $24.3M | — | ||
| Q3 24 | $29.8M | $19.7M | ||
| Q2 24 | $25.7M | $20.8M |
| Q1 26 | — | $8.1M | ||
| Q4 25 | $-1.2M | — | ||
| Q3 25 | $-5.8M | $4.8M | ||
| Q2 25 | $-3.7M | $6.2M | ||
| Q1 25 | $-722.0K | $5.9M | ||
| Q4 24 | $-981.0K | — | ||
| Q3 24 | $-804.0K | $7.1M | ||
| Q2 24 | $-761.0K | $8.6M |
| Q1 26 | — | — | ||
| Q4 25 | 35.0% | — | ||
| Q3 25 | 35.9% | — | ||
| Q2 25 | 35.8% | — | ||
| Q1 25 | 36.2% | — | ||
| Q4 24 | 35.9% | — | ||
| Q3 24 | 35.9% | — | ||
| Q2 24 | 37.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | -17.6% | — | ||
| Q3 25 | -3.5% | — | ||
| Q2 25 | -18.8% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | -15.7% | — | ||
| Q3 24 | -3.4% | — | ||
| Q2 24 | -5.7% | — |
| Q1 26 | — | 30.3% | ||
| Q4 25 | -5.3% | — | ||
| Q3 25 | -21.6% | 20.8% | ||
| Q2 25 | -15.9% | 28.3% | ||
| Q1 25 | -3.5% | 29.3% | ||
| Q4 24 | -4.0% | — | ||
| Q3 24 | -2.7% | 35.9% | ||
| Q2 24 | -3.0% | 41.5% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.12 | — | ||
| Q3 25 | $-0.52 | — | ||
| Q2 25 | $-0.34 | — | ||
| Q1 25 | $-0.06 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-0.07 | — | ||
| Q2 24 | $-0.07 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $458.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $48.1M | $396.4M |
| Total Assets | $57.8M | $4.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $458.4M | ||
| Q4 25 | — | — | ||
| Q3 25 | $41.2M | $336.0M | ||
| Q2 25 | $2.8M | $248.3M | ||
| Q1 25 | $2.0M | $282.3M | ||
| Q4 24 | $32.0K | — | ||
| Q3 24 | $262 | $181.0M | ||
| Q2 24 | $226 | $145.1M |
| Q1 26 | — | $396.4M | ||
| Q4 25 | $48.1M | — | ||
| Q3 25 | $50.7M | $385.5M | ||
| Q2 25 | $78.3M | $385.7M | ||
| Q1 25 | $81.8M | $380.5M | ||
| Q4 24 | $82.3M | — | ||
| Q3 24 | $82.9M | $298.6M | ||
| Q2 24 | $83.2M | $292.1M |
| Q1 26 | — | $4.5B | ||
| Q4 25 | $57.8M | — | ||
| Q3 25 | $83.6M | $4.0B | ||
| Q2 25 | $149.7M | $3.7B | ||
| Q1 25 | $152.3M | $3.6B | ||
| Q4 24 | $150.1M | — | ||
| Q3 24 | $157.3K | $3.3B | ||
| Q2 24 | $159.8K | $3.2B |
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 | $40.6M |
| Free Cash FlowOCF − Capex | $1.7M | — |
| FCF MarginFCF / Revenue | 7.6% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | — | 5.03× |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0K | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $40.6M | ||
| Q4 25 | $1.7M | — | ||
| Q3 25 | $-4.8M | — | ||
| Q2 25 | $2.2M | — | ||
| Q1 25 | $1.1M | $-65.0M | ||
| Q4 24 | $3.2M | — | ||
| Q3 24 | $6.5M | — | ||
| Q2 24 | $7.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.7M | — | ||
| Q3 25 | $-4.9M | — | ||
| Q2 25 | $2.1M | — | ||
| Q1 25 | $1.0M | — | ||
| Q4 24 | $2.5M | — | ||
| Q3 24 | $6.5M | — | ||
| Q2 24 | $7.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | — | ||
| Q3 25 | -18.1% | — | ||
| Q2 25 | 9.1% | — | ||
| Q1 25 | 5.0% | — | ||
| Q4 24 | 10.2% | — | ||
| Q3 24 | 21.7% | — | ||
| Q2 24 | 28.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — |
| Q1 26 | — | 5.03× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -10.94× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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% |
VBNK
Segment breakdown not available.
