BARRETT BUSINESS SERVICES INC

Barrett Business Services, Inc. (NASDAQ: BBSI) operates as a leading provider of business management solutions for small and mid-sized companies. The company's integrated platform combines knowledge-based management consulting with human resource outsourcing tools, delivered through a decentralized organizational structure that emphasizes local market presence and personalized service. The company website is located at www.bbsi.com.

BBSI operates through two primary service categories: Professional Employer Services (PEO) and Staffing. The PEO segment, which represents the majority of revenues, establishes co-employment relationships with client companies, assuming responsibility for payroll, payroll taxes, workers' compensation coverage, and benefits administration. During 2025, the company supported more than 8,200 PEO clients with total average worksite employees of 138,218. The staffing division provides on-demand and short-term staffing assignments, contract staffing, direct placement services, and long-term on-site management solutions.

The company's service delivery model operates through three progressive tiers: Tactical Alignment focusing on administrative implementation, Dynamic Relationship emphasizing organizational development and process improvement, and Strategic Counsel providing forward-looking advocacy and guidance aligned with client business objectives. BBSI also offers workers' compensation coverage through both fully insured arrangements with third-party carriers and self-insured programs in select states, along with comprehensive employee benefit programs including medical, dental, vision, and retirement plans.

As of December 31, 2025, BBSI employed 3,197 total employees, including 896 management employees and 2,297 staffing services employees, with administrative responsibility for 138,605 worksite employees. The company maintains significant geographic concentration in California, which accounted for approximately 72 percent of total revenues in 2025. BBSI serves clients across diverse industries including construction, manufacturing, transportation, healthcare, hospitality, retail, and professional services. The company operates through a network of decentralized business teams typically located within 50 miles of client companies, enabling autonomous decision-making and close alignment with local market conditions and client objectives.