0000055135-26-000053
SEC filingKelly Services, Inc. (KELYA) reported FY 2025 revenue from services of $4.25B, with gross profit of $853.0M reflecting a gross margin of approximately 20.1%. Despite revenue stability, the company posted an operating loss of $69.8M, driven by $825.9M in selling, general and administrative expenses, a $102.0M goodwill impairment charge, offset partially by gains from the sale of EMEA staffing operations ($4.1M) and assets ($1.0M). This resulted in a pre-tax loss of $78.8M and a net loss of $254.1M, or -$7 per basic and diluted share, primarily due to a $175.3M income tax expense. Balance sheet shows total assets of $2.25B, with current assets at $1.27B including $33.0M cash and $1.19B receivables, against $821.8M current liabilities. Stockholders' equity stands at $976.5M. Cash flow from operations was positive at $122.6M despite the net loss, supported by non-cash adjustments like $168.5M deferred taxes and $42.4M depreciation. Investing activities generated $22.3M from asset sales including EMEA operations ($21.8M) and PersolKelly ($6.4M), while financing used $161.1M mainly from debt repayments ($1.74B payments vs $1.60B proceeds). Net change in cash was -$7.9M, ending at $33.0M unrestricted cash.
Kelly Services, Inc. reported FY 2025 ending December 28, 2025, with revenue from services at $4.25B and cost of services $3.40B, yielding gross profit of $853.0M. Selling, general and administrative expenses reached $825.9M, alongside a $102.0M goodwill impairment charge and no asset impairment. Gains included $4.1M from EMEA staffing operations sale and $1.0M from assets, resulting in operating loss of -$69.8M. Other expenses of -$9.0M led to pre-tax loss of -$78.8M. Income tax expense of $175.3M drove net loss to -$254.1M, or -$7 basic and diluted EPS on 35.1M shares. Total assets stood at $2.25B with stockholders' equity at $976.5M. No prior year figures disclosed in filing.
Revenue from services totaled $4.25B for FY 2025. No segment breakdowns, geographic mix, or growth drivers disclosed in the provided filing data. Gross profit of $853.0M reflects core service delivery after $3.40B cost of services.
Gross profit of $853.0M on $4.25B revenue implies ~20.1% gross margin. Operating loss of -$69.8M equates to negative operating margin, pressured by high SG&A at $825.9M (97% of gross profit) and $102.0M goodwill impairment. No prior period margins for comparison available in data.
Operating cash flow was $122.6M, reconciling net loss of -$254.1M via $102.0M goodwill impairment, $168.5M deferred taxes, $42.4M depreciation, offset by working capital changes including -$94.6M receivables and -$46.9M other liabilities. Investing generated $22.3M from EMEA sale proceeds ($21.8M), PersolKelly ($6.4M), less $8.5M capex. Financing used -$161.1M with $1.74B debt payments vs. $1.60B proceeds, $11.0M dividends, $10.0M treasury stock. Balance sheet: $33.0M cash, $1.27B current assets, $821.8M current liabilities (working capital ~$448.2M), long-term debt $101.9M, total equity $976.5M.
No management guidance, strategic priorities, or risk factors explicitly disclosed in the provided filing excerpt.