How did BBSI's revenue and expenses trend in Q4 2024?

Barrett Business Services (BBSI) exhibited robust financial performance in Q4 2024, with notable revenue and expense figures that highlight the company's strong market presence and operational efficiency. 1. **Revenue Trend**: BBSI's total revenue for Q4 2024 amounted to $1.06 billion, which is a substantial figure indicating a strong revenue base. This revenue was generated across various business segments, with the Professional Employer Service Fees segment contributing the most, followed by the Staffing Services segment. The revenue figures for these segments were $778.87 million and $81.15 million, respectively. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |BBSI|BBSI.O|Barrett Business Services|20240101-2024|Staffing Services|8.1145E7|185| |BBSI|BBSI.O|Barrett Business Services|20240101-2024|Staffing Services|6.0842E7|185| |BBSI|BBSI.O|Barrett Business Services|20240101-2024|Staffing Services|3.9357E7|185| |BBSI|BBSI.O|Barrett Business Services|20240101-2024|Staffing Services|1.9593E7|185| |BBSI|BBSI.O|Barrett Business Services|20240101-2024|Professional Employer Service Fees|2.46189E8|185| |BBSI|BBSI.O|Barrett Business Services|20240101-2024|Staffing Services|1.9593E7|185| |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |BBSI|BBSI.O|Barrett Business Services|2024 Q1|-116.60561660561662|-136000|185| |BBSI|BBSI.O|Barrett Business Services|2024 Q2|-1.8511988716502115|1.6701E7|185| |BBSI|BBSI.O|Barrett Business Services|2024 Q3|7.733684614962402|1.9628E7|185| |BBSI|BBSI.O|Barrett Business Services|2024 Q4|15.400467097128725|1.68E7|185| |code|Ticker|Name|Date|Total Revenue|Total Expenses|market_code| |---|---|---|---|---|---|---| |BBSI|BBSI.O|Barrett Business Services|2024 Q1|2.65782E8||185| |BBSI|BBSI.O|Barrett Business Services|2024 Q2|2.79651E8||185| |BBSI|BBSI.O|Barrett Business Services|2024 Q3|2.94278E8||185| |BBSI|BBSI.O|Barrett Business Services|2024 Q4|3.0482E8||185| 2. **Expense Trend**: The total expenses for BBSI in Q4 2024 were $304.82 million. This includes expenses related to Professional Employer Service Fees and Staffing Services. The fact that the total expenses are lower than the total revenue indicates that BBSI has a positive gross profit margin, which is a favorable sign for the company's financial health. 3. **Net Income**: BBSI reported a net income of $16.8 million for Q4 2024. This figure is a direct result of the company's revenue exceeding its expenses, reflecting efficient management and a strong market position. In conclusion, BBSI's Q4 2024 financials demonstrate a company that is not only generating substantial revenue but also managing its expenses effectively to achieve a healthy net income. This performance is a testament to BBSI's business model and its ability to capitalize on market opportunities while maintaining financial discipline.