0001477932-26-000783
SEC filingGEE Group, Inc. (JOB) reported Q1 2026 results for the period ended December 31, 2025, with net revenues of $20.5M from contract staffing services ($17.8M) and direct hire placement services ($2.7M). Gross profit was $7.4M after $13.1M cost of contract services, yielding a 36.1% gross margin. Selling, general and administrative expenses of $7.7M, plus $46K depreciation and $60K amortization, drove a $409K operating loss. Net interest income of $63K ($128K income minus $65K expense) and $196K other income resulted in a $150K loss from continuing operations before taxes, with no tax provision, yielding a consolidated net loss of $150K, or $0 per share on 109.6M weighted average shares. Balance sheet shows $58.9M total assets, including $20.1M cash and $29.5M current assets, against $9.0M liabilities, yielding $50.0M shareholders' equity. Cash used in operations was $1.2M, with net cash decrease of $1.2M to $20.1M. Strong liquidity persists despite quarterly loss, supported by non-operating income.
GEE Group, Inc. reported a consolidated net loss of $150K for Q1 2026 ended December 31, 2025, or $0 basic and diluted loss per share on 109.6M weighted average shares outstanding. Net revenues totaled $20.5M, comprising $17.8M from contract staffing services and $2.7M from direct hire placement services. Gross profit reached $7.4M after $13.1M cost of contract services. Operating loss was $409K, driven by $7.7M selling, general and administrative expenses, $46K depreciation, and $60K amortization of intangible assets. Non-operating items included $65K interest expense offset by $128K interest income and $196K other income, resulting in a $150K pre-tax loss from continuing operations with $0 tax provision. No discontinued operations impact. Compared to prior quarter (September 30, 2025), shares outstanding increased slightly to 110,006 from 109,413, with treasury shares reduced to 4,895 from 5,487.
Revenues of $20.5M were generated from two primary services: contract staffing at $17.8M (86.8% of total) and direct hire placement at $2.7M (13.2%). No prior quarter revenue figures are disclosed for direct QoQ comparison. The filing provides no geographic revenue breakdown or specific growth drivers in MD&A excerpts. Cost of contract services was $13.1M, directly tied to staffing segment. No additional segment operating results or changes are detailed.
Gross margin was 36.1% ($7.4M gross profit / $20.5M revenue). Operating margin was -2.0% on the $409K operating loss. SG&A expenses of $7.7M exceeded gross profit, pressuring profitability. Depreciation ($46K) and amortization ($60K) added to costs. Non-operating other income of $196K (gain on reduction of Promissory Notes per cash flow) mitigated the net loss. No prior period margins disclosed for trend analysis. Share-based compensation was $113K in adjustments.
Net cash used in operating activities was $1.2M, starting from $150K net loss, adjusted for $106K depreciation/amortization, $218K lease amortization, $196K note gain, $113K share compensation, and working capital changes including -$864K accounts receivable, -$1.6M accrued compensation. Investing used $4K for property/equipment. Financing used $17K for lease payments. Net cash decrease $1.2M to $20.1M (continuing ops). Balance sheet: $58.9M total assets ($29.5M current, $20.1M cash, $8.8M receivables); $9.0M liabilities ($5.5M current, $196K notes payable); $50.0M equity ($113.4M common stock, -$60.6M accumulated deficit). Current ratio strong at ~5.4x. Cash interest paid $27K; taxes refunded $11K.
No management guidance, strategic priorities, or risk factors are disclosed in the provided filing excerpts. Commitments and contingencies noted in Note 15, but no details provided.