Tearsheet

BGSF (BGSF)


Market Price (12/28/2025): $4.76 | Market Cap: $52.7 Mil
Sector: Industrials | Industry: Human Resource & Employment Services

BGSF (BGSF)


Market Price (12/28/2025): $4.76
Market Cap: $52.7 Mil
Sector: Industrials
Industry: Human Resource & Employment Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -75%
Weak multi-year price returns
2Y Excs Rtn is -72%, 3Y Excs Rtn is -131%
Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -9.8%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 55%
  Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -25%
2 Megatrend and thematic drivers
Megatrends include Future of Work. Themes include Specialized IT & Professional Staffing, and Flexible Workforce Solutions.
  Key risks
BGSF key risks include [1] significant financial challenges, Show more.
0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -75%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 55%
2 Megatrend and thematic drivers
Megatrends include Future of Work. Themes include Specialized IT & Professional Staffing, and Flexible Workforce Solutions.
3 Weak multi-year price returns
2Y Excs Rtn is -72%, 3Y Excs Rtn is -131%
4 Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -9.8%
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -25%
6 Key risks
BGSF key risks include [1] significant financial challenges, Show more.

Valuation, Metrics & Events

BGSF Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

The stock movement for BGSF between August 31, 2025, and December 28, 2025, would be influenced by various factors, assuming the specified 7.1% change occurred. Based on recent available financial reports and analyst insights, here are potential key points that could drive such a stock movement:

<br><br><b>1. Stronger-than-Expected Q3 2025 Financial Results:</b> BGSF reported its Q3 2025 financial results around November 7, 2025, which included a net loss of $3.1 million, or $0.28 per diluted share, but also highlighted an improvement in Adjusted EBITDA to $1.0 million and Adjusted EPS to $0.08, compared to a loss in the previous quarter. The Professional segment revenues saw an increase of 5.6% sequentially in Q1 2025, indicating potential growth in subsequent quarters. A positive surprise in the overall financial performance, particularly exceeding revenue or earnings expectations, or demonstrating significant sequential improvement, could lead to an upward stock movement.

<br><br><b>2. Positive Analyst Ratings and Price Target Revisions:</b> Analysts have provided price targets for BGSF, with an average price target of $9.00 by 4 analysts in one instance, representing a significant potential upside from a current price of $4.75. Another analyst maintained a "Buy" rating with a $9.00 price target in March 2025. Upgrades in analyst ratings or increased price targets during the specified period, potentially reflecting confidence in the company's restructuring or future growth, could contribute to a stock rally.

<br><br><b>3. Strategic Initiatives and Restructuring Progress:</b> BGSF has been implementing a restructuring plan to streamline operations, which was noted in its Q1 2025 earnings report. Continued positive progress and communication regarding these strategic initiatives, such as cost re-baselining or efficiency improvements mentioned in the Q4 2024 results, could bolster investor confidence and stock performance.

<br><br><b>4. Acquisition or Divestiture Announcements:</b> While the Professional Division sale to INSPYR Solutions for $99 million was announced earlier in 2025, such strategic moves can significantly impact a company's financial structure and investor perception. The announcement of a stock buyback plan in Q3 2025 could also positively influence the stock by reducing the number of outstanding shares and signaling management's belief in the company's value.

<br><br><b>5. Favorable Staffing Industry Trends:</b> The staffing industry, in which BGSF operates, is influenced by broader economic conditions. Trends in 2025 showed a stabilization in the staffing market, with modest job and wage growth, particularly in healthcare and professional services. Furthermore, the increasing adoption of AI and automation, along with a focus on skills-based hiring and project-based staffing solutions, could present growth opportunities for companies like BGSF that adapt to these evolving demands. Positive reports or outlooks on the staffing industry during this period, indicating increased demand for temporary and contract talent, could favorably impact BGSF's stock.

Show more

Stock Movement Drivers

Fundamental Drivers

The -30.8% change in BGSF stock from 9/27/2025 to 12/27/2025 was primarily driven by a -29.8% change in the company's P/S Multiple.
927202512272025Change
Stock Price ($)6.884.76-30.81%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)308.97306.04-0.95%
P/S Multiple0.250.17-29.77%
Shares Outstanding (Mil)11.0211.08-0.54%
Cumulative Contribution-30.82%

LTM = Last Twelve Months as of date shown

Market Drivers

9/27/2025 to 12/27/2025
ReturnCorrelation
BGSF-30.8% 
Market (SPY)4.3%15.3%
Sector (XLI)3.0%18.9%

Fundamental Drivers

The 5.0% change in BGSF stock from 6/28/2025 to 12/27/2025 was primarily driven by a 8.0% change in the company's P/S Multiple.
628202512272025Change
Stock Price ($)4.534.765.02%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)311.19306.04-1.65%
P/S Multiple0.160.178.00%
Shares Outstanding (Mil)10.9511.08-1.14%
Cumulative Contribution5.01%

LTM = Last Twelve Months as of date shown

Market Drivers

6/28/2025 to 12/27/2025
ReturnCorrelation
BGSF5.0% 
Market (SPY)12.6%7.3%
Sector (XLI)7.5%8.0%

Fundamental Drivers

The 7.9% change in BGSF stock from 12/27/2024 to 12/27/2025 was primarily driven by a 54.7% change in the company's Total Revenues ($ Mil).
1227202412272025Change
Stock Price ($)4.414.767.93%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)197.88306.0454.66%
P/S Multiple0.240.17-29.19%
Shares Outstanding (Mil)10.9211.08-1.47%
Cumulative Contribution7.90%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2024 to 12/27/2025
ReturnCorrelation
BGSF7.9% 
Market (SPY)17.0%11.4%
Sector (XLI)19.2%12.0%

Fundamental Drivers

The -52.2% change in BGSF stock from 12/28/2022 to 12/27/2025 was primarily driven by a -52.3% change in the company's P/S Multiple.
1228202212272025Change
Stock Price ($)9.954.76-52.16%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)288.83306.045.96%
P/S Multiple0.360.17-52.33%
Shares Outstanding (Mil)10.4911.08-5.59%
Cumulative Contribution-52.31%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2023 to 12/27/2025
ReturnCorrelation
BGSF-28.6% 
Market (SPY)48.0%12.5%
Sector (XLI)41.2%12.9%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
BGSF Return-36%10%13%-35%-43%27%-63%
Peers Return16%38%-12%21%26%16%150%
S&P 500 Return16%27%-19%24%23%18%114%

Monthly Win Rates [3]
BGSF Win Rate42%67%50%33%50%50% 
Peers Win Rate52%65%42%68%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
BGSF Max Drawdown-72%-13%-25%-41%-43%-44% 
Peers Max Drawdown-34%-5%-26%-7%-9%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique KeyEventBGSFS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-44.5%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven80.2%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-72.0%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven257.1%51.3%
2020 Covid PandemicTime to BreakevenTime to BreakevenNot Fully Recovered days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-44.1%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven79.0%24.7%
2018 CorrectionTime to BreakevenTime to BreakevenNot Fully Recovered days120 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

BGSF's stock fell -44.5% during the 2022 Inflation Shock from a high on 1/17/2023. A -44.5% loss requires a 80.2% gain to breakeven.

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About BGSF (BGSF)

BGSF, Inc. provides workforce solutions and placement services in the United States. It operates in two segments, Real Estate and Professional. The Real Estate segment offers office and maintenance field talent to various apartment communities and commercial buildings. The Professional segment provides skilled IT professionals with expertise in SAP, Workday, Peoplesoft, Hyperion, Oracle, One Stream, cyber, project management, and other IT workforce solutions, as well as finance, accounting, legal, human resource, and related support personnel. Its client partners include Fortune 500 companies, and medium and small companies, as well as consulting companies that engage in systems integration projects. The company was formerly known as BG Staffing, Inc. and changed its name to BGSF, Inc. in February 2021. BGSF, Inc. was incorporated in 2007 and is based in Plano, Texas.

AI Analysis | Feedback

Analogy 1: A Robert Half for a broader range of industries, including light industrial and property management.

Analogy 2: A diversified staffing and recruiting firm, similar to a smaller ManpowerGroup or Adecco.

AI Analysis | Feedback

BGSF primarily provides staffing and workforce solutions, categorized as follows:

  • Professional Staffing: Provides temporary, contract, and direct hire placement for IT, finance & accounting, human resources, and other professional roles.
  • Real Estate Staffing: Offers staffing solutions for property management, leasing, maintenance, and administrative positions within the multi-family residential industry.
  • Light Industrial Staffing: Supplies temporary and permanent workers for manufacturing, logistics, warehousing, and other light industrial sectors.

AI Analysis | Feedback

BGSF primarily sells its staffing and workforce solutions to other companies and governmental entities (B2B model).

According to its latest SEC filings (Form 10-K), BGSF does not have any single major customer that accounts for 10% or more of its total revenues. Its customer base is diversified across a broad range of medium to large-sized businesses and governmental entities.

BGSF serves customers across various industries, primarily through its divisions focusing on:

  • Professional Technologies: Providing IT staffing solutions for roles such as software development, data analytics, cybersecurity, and project management.
  • Professional Finance & Accounting: Supplying talent for financial, accounting, and related administrative positions across various industries.
  • Real Estate (Property Management): Offering staffing for roles within the multifamily and commercial property management sectors, including leasing, maintenance, and administrative support.

AI Analysis | Feedback

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AI Analysis | Feedback

Keith Schroeder Interim Co-CEO and CFO
Mr. Schroeder became Interim Co-CEO and CFO of BGSF, Inc. in early 2025, succeeding John Barnett as CFO. He brings over 40 years of executive leadership experience in accounting, corporate control and reporting, finance, operations, and strategic CEO and CFO roles. Before joining BGSF, Mr. Schroeder served as President and Chief Executive of Novipax Buyer, LLC in a carve-out transaction from December 2020 through 2024. Prior to that, he was Chief Financial Officer of Novipax LLC from February 2019 to November 2020. He also held the roles of CFO and then President and CEO of Xcaliber International LTD, LLC from 2016 to 2018. From 2002 to 2016, Mr. Schroeder served as CFO for Orchids Paper Products. Earlier in his career, he worked in accounting and finance for Cummins Engine Company and Atlas Van Lines, Inc. He is a Certified Public Accountant (inactive).

Kelly Brown Interim Co-CEO and President of Property Management
Ms. Brown was appointed Interim Co-CEO of BGSF effective July 1, 2025, alongside her role as President of Property Management. She began her career in property management in 2003. Ms. Brown joined BGSF in 2014, opening the Nashville office as director of sales. She was promoted to regional sales manager in 2015 and then to Division President in May 2021. In her role, she focuses on maximizing sales performance, assisting in opening new markets, and providing strategic direction. She holds a Certified Staffing Professional designation.

Melissa Phillips Chief Digital Officer
Ms. Phillips joined BGSF in November 2022 as Chief Digital Officer. She is an experienced executive in Marketing, Sales, and Digital Delivery, with significant expertise in leading digital transformations at companies such as Adecco and EmployBridge.

AI Analysis | Feedback

The key risks to BGSF's business include macroeconomic headwinds impacting demand, intense competition and pricing pressure within the staffing industry, and ongoing financial challenges exacerbated by its strategic transition.

  1. Macroeconomic Headwinds and Demand Sensitivity: BGSF's operations and outlook are significantly impacted by broader macroeconomic uncertainties, including trade policy uncertainties, high interest rates, and overall economic challenges. These factors can lead clients to adopt a "wait and see" approach, delaying hiring decisions and preserving cash, which in turn reduces demand for workforce solutions and negatively affects BGSF's revenue and profitability. For example, slower job opening recovery or delayed Federal Reserve rate cuts can keep commercial staffing demand muted, leading to reduced billable hours and revenue growth. The Property Management segment, in particular, has been affected by these macroeconomic pressures on rental and property management companies.
  2. Competitive Industry and Pricing Pressure: BGSF operates within a highly competitive workforce solutions industry characterized by low barriers to entry. This competitive landscape, including the presence of larger national firms and digital-first platforms, can lead to pricing pressure, margin erosion, and challenges in maintaining or increasing market share. Increased penetration of Managed Service Provider (MSP) and Vendor Management System (VMS) programs can also force lower bill rates and reduce profit margins.
  3. Financial Challenges and Transition Risk: BGSF has faced significant financial challenges, including declining revenue and profitability, and reported net losses in recent periods. The company was not in compliance with its financial covenants at the end of fiscal 2024 and was not expected to be in compliance at the end of Q1 fiscal 2025. While BGSF has initiated a strategic shift by divesting its Professional division to focus primarily on its Property Management segment and has paid down debt, the transition period is expected to result in "somewhat noisy" financial results for the next couple of quarters.

AI Analysis | Feedback

  • AI and Automation in Talent Acquisition: The rapid advancement and adoption of artificial intelligence and automation tools in recruitment and talent acquisition processes pose a significant threat. These technologies enable client companies to automate candidate sourcing, screening, matching, and even preliminary interviewing, thereby enhancing their internal hiring capabilities and potentially reducing their reliance on traditional staffing agencies. New AI-powered platforms can also emerge as direct competitors, offering more efficient and cost-effective talent acquisition solutions.
  • Proliferation of Direct Sourcing Platforms and Specialized Talent Marketplaces: The growth of platforms that directly connect companies with a vast pool of freelance, contract, and project-based talent, often bypassing traditional staffing agencies, represents a clear emerging threat. These specialized talent marketplaces offer a more cost-effective and agile alternative for companies to find and manage contingent workers, particularly in tech, creative, and professional services sectors, directly disintermediating the services offered by BGSF.

AI Analysis | Feedback

BGSF (NYSE: BGSF) operates primarily in two segments: Property Management and Professional. The Professional segment encompasses IT, finance & accounting, legal, human resources, and other related support personnel staffing.

Addressable Market Sizes:

  • IT Staffing: The U.S. IT staffing market was valued at approximately $37.89 billion in 2023 and is projected to reach $52.21 billion by 2029, growing at a CAGR of 5.49%. Globally, the IT staffing market size reached $123.30 billion in 2025 and is projected to advance to $147.58 billion by 2030.
  • Property Management Staffing: Information on the specific addressable market size for Property Management staffing is not readily available as a standalone figure.
  • Professional Staffing (including Finance, Accounting, Legal, Human Resources, and Administrative): While a specific combined market size for all these components under BGSF's "Professional" segment (excluding IT which is separately identified) is not directly provided in the search results, the broader U.S. staffing industry is substantial. The US staffing industry is a $198.7 billion industry entering 2025. Office Staffing & Temp Agencies in the US had a market size of $238.8 billion in 2024 and is projected to be $260.1 billion in 2025.

AI Analysis | Feedback

BGSF (symbol: BGSF) is poised for future revenue growth over the next 2-3 years, primarily driven by its strategic focus on the property management sector and significant operational enhancements. The key anticipated drivers include:

  1. Exclusive Focus on Property Management and Market Expansion: BGSF recently divested its professional division to concentrate solely on the property management industry, a strategic move expected to streamline operations and intensify efforts within this specialized market. An independent consulting firm's comprehensive review identified a significant addressable market exceeding $1 billion and pinpointed "white space opportunities" for growth within property management. This refined strategic roadmap, based on market insights, is anticipated to drive sustainable revenue growth in 2026 compared to 2025.
  2. Investment in AI-Powered Technologies: BGSF is actively investing in AI-powered sales and recruiting technologies, which are expected to become fully operational over the next couple of quarters. These technological advancements are designed to enhance performance, improve efficiency, and drive incremental revenue by optimizing client interactions and talent acquisition processes.
  3. Operational Efficiencies and Cost Optimization: The company is focused on implementing strategic initiatives and cost reductions to drive revenue growth and profitability. Management is committed to aligning property management costs with revenue and expects these efforts, combined with investments in new tools, to lead to improved financial results in the upcoming quarters.
  4. Organic and Acquisitive Growth Strategies: BGSF's investor relations outline a strategy for both organic and acquisitive growth, with a focus on high-end, specialized consulting services within its concentrated segments. This includes strategic geographic expansion and leveraging synergies across its brand platform through collaboration and cross-selling.

AI Analysis | Feedback

Share Repurchases

  • In Q3 2025, BGSF's Board of Directors approved a stock repurchase program authorizing the company to repurchase up to $5 million of its common stock.
  • This repurchase program does not have an expiration date and does not obligate BGSF to acquire a specific number of shares.

Share Issuance

  • In November 2025, stockholders approved amendments to increase the share reserves for the 2013 Long-Term Incentive Plan and the 2020 Employee Stock Purchase Plan by 250,000 shares each.
  • In December 2022, the company issued 254,455 shares.

Outbound Investments

  • In September 2025, BGSF completed the divestiture of its Professional Division to INSPYR Solutions for $99 million in an all-cash transaction.
  • The proceeds from this sale are intended to largely eliminate outstanding debt and fund high-return investments in the Property Management business.
  • In February 2020, BGSF acquired 100% of EdgeRock Technology Holdings, Inc., a provider of specialized IT consultants.

Capital Expenditures

  • Capital expenditures were approximately $0.013 million in Q2 2025 and $0.023 million in Q1 2025, with Q1 expenditures primarily focused on IT investments.
  • Annual capital expenditures were $1.64 million in FY 2024, $2.6 million in FY 2023, $5.68 million in FY 2022, $3.2 million in FY 2021, and $2.08 million in FY 2020.
  • In fiscal 2021, capital expenditures of $1.6 million were mainly related to software and computer equipment as part of the IT roadmap.

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Peer Comparisons for BGSF

Peers to compare with:

Financials

BGSFHPQHPEIBMCSCOAAPLMedian
NameBGSF HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Price4.7623.2624.49305.0978.16273.4051.32
Mkt Cap0.121.932.6284.9309.24,074.4158.8
Rev LTM30655,29534,29665,40257,696408,62556,496
Op Inc LTM03,6241,64411,54412,991130,2147,584
FCF LTM12,80062711,85412,73396,1847,327
FCF 3Y Avg132,9781,40011,75313,879100,5037,366
CFO LTM23,6972,91913,48313,744108,5658,590
CFO 3Y Avg153,6723,89613,49814,736111,5598,697

Growth & Margins

BGSFHPQHPEIBMCSCOAAPLMedian
NameBGSF HP Hewlett .Internat.Cisco Sy.Apple  
Rev Chg LTM54.7%3.2%13.8%4.5%8.9%6.0%7.4%
Rev Chg 3Y Avg8.9%-3.9%6.5%2.6%3.7%1.8%3.2%
Rev Chg Q-9.8%4.2%14.4%9.1%7.5%9.6%8.3%
QoQ Delta Rev Chg LTM-0.9%1.1%3.7%2.1%1.8%2.1%2.0%
Op Mgn LTM0.1%6.6%4.8%17.7%22.5%31.9%12.1%
Op Mgn 3Y Avg2.0%7.4%7.2%16.4%24.2%30.8%11.9%
QoQ Delta Op Mgn LTM-0.1%-0.2%-1.4%0.6%0.4%0.1%-0.0%
CFO/Rev LTM0.5%6.7%8.5%20.6%23.8%26.6%14.6%
CFO/Rev 3Y Avg6.3%6.8%12.7%21.4%26.1%28.4%17.1%
FCF/Rev LTM0.3%5.1%1.8%18.1%22.1%23.5%11.6%
FCF/Rev 3Y Avg5.6%5.5%4.6%18.6%24.6%25.6%12.1%

Valuation

BGSFHPQHPEIBMCSCOAAPLMedian
NameBGSF HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Cap0.121.932.6284.9309.24,074.4158.8
P/S0.20.41.04.45.410.02.7
P/EBIT-722.46.819.925.122.531.321.2
P/E-4.78.6572.736.029.941.033.0
P/CFO31.85.911.221.122.537.521.8
Total Yield-21.3%14.1%2.3%5.0%5.4%2.8%3.9%
Dividend Yield0.0%2.5%2.1%2.2%2.1%0.4%2.1%
FCF Yield 3Y Avg13.5%10.6%5.5%6.4%6.0%3.1%6.2%
D/E0.00.50.70.20.10.00.2
Net D/E-0.80.30.60.20.00.00.1

Returns

BGSFHPQHPEIBMCSCOAAPLMedian
NameBGSF HP Hewlett .Internat.Cisco Sy.Apple  
1M Rtn5.8%-1.8%14.4%0.6%2.7%-1.5%1.7%
3M Rtn-30.8%-11.9%2.7%7.9%17.0%7.1%4.9%
6M Rtn5.0%-4.0%34.5%6.6%15.2%36.3%10.9%
12M Rtn7.9%-27.0%16.2%40.5%34.5%7.5%12.0%
3Y Rtn-52.2%-1.9%71.1%143.1%81.3%120.2%76.2%
1M Excs Rtn6.5%-5.6%12.9%-2.2%-0.0%-3.7%-1.1%
3M Excs Rtn-35.1%-16.2%-1.7%3.6%12.7%2.8%0.6%
6M Excs Rtn-7.2%-16.3%22.3%-5.7%3.0%24.0%-1.3%
12M Excs Rtn-1.5%-42.9%-0.7%25.0%19.9%-8.4%-1.1%
3Y Excs Rtn-131.4%-83.5%-11.2%59.6%-1.2%28.4%-6.2%

Financials

Segment Financials

Assets by Segment
$ Mil20242023202220212020
Professional123141938273
Property Management3029211617
Home office2624201711
Discontinued operations  14  
Light Industrial   1615
Total179195148130116


Price Behavior

Price Behavior
Market Price$4.76 
Market Cap ($ Bil)0.1 
First Trading Date04/29/2014 
Distance from 52W High-33.9% 
   50 Days200 Days
DMA Price$4.05$3.84
DMA Trendupdown
Distance from DMA17.6%24.0%
 3M1YR
Volatility84.4%93.8%
Downside Capture153.6143.90
Upside Capture-54.2144.45
Correlation (SPY)15.4%11.5%
BGSF Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta1.280.770.80-0.120.540.48
Up Beta2.523.942.801.910.540.48
Down Beta-1.460.382.540.530.960.59
Up Capture426%-157%-27%-16%24%7%
Bmk +ve Days12253873141426
Stock +ve Days13193264111337
Down Capture-12%120%-54%-235%37%84%
Bmk -ve Days7162452107323
Stock -ve Days6212858124380

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of BGSF With Other Asset Classes (Last 1Y)
 BGSFSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return14.8%19.3%17.8%72.1%8.6%4.4%-8.2%
Annualized Volatility93.1%18.8%19.4%19.3%15.2%17.0%35.0%
Sharpe Ratio0.550.800.722.700.340.09-0.08
Correlation With Other Assets 12.1%11.6%-2.0%14.4%6.5%5.2%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of BGSF With Other Asset Classes (Last 5Y)
 BGSFSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-10.1%13.8%14.7%18.7%11.5%4.6%30.8%
Annualized Volatility53.9%17.2%17.1%15.5%18.7%18.9%48.6%
Sharpe Ratio0.000.650.700.970.500.160.57
Correlation With Other Assets 19.2%16.8%-0.8%9.5%11.7%5.5%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of BGSF With Other Asset Classes (Last 10Y)
 BGSFSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-3.0%13.5%14.8%15.3%7.0%5.3%69.2%
Annualized Volatility54.8%19.9%18.0%14.7%17.6%20.8%55.8%
Sharpe Ratio0.170.600.710.860.320.220.90
Correlation With Other Assets 34.4%31.0%-1.2%15.0%29.2%8.2%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity241,686
Short Interest: % Change Since 11302025-0.4%
Average Daily Volume43,607
Days-to-Cover Short Interest5.54
Basic Shares Quantity11,079,000
Short % of Basic Shares2.2%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/7/20258.3%22.3%34.3%
8/7/2025-3.3%-6.1%3.5%
3/13/2025-2.3%4.2%-16.4%
11/7/2024-1.5%-14.8%-22.8%
8/7/2024-1.0%-10.1%-10.7%
3/14/20241.4%3.4%-6.2%
11/9/20230.9%1.3%-1.2%
8/9/202315.6%11.4%4.3%
...
SUMMARY STATS   
# Positive11117
# Negative7711
Median Positive2.8%4.2%14.4%
Median Negative-1.7%-10.1%-10.7%
Max Positive15.6%30.3%66.9%
Max Negative-23.6%-53.8%-36.2%

SEC Filings

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Report DateFiling DateFiling
93020251107202510-Q 9/28/2025
6302025807202510-Q 6/29/2025
3312025507202510-Q 3/30/2025
12312024317202510-K 12/31/2024
93020241107202410-Q 9/29/2024
6302024807202410-Q 6/30/2024
3312024509202410-Q 3/31/2024
12312023315202410-K 12/31/2023
93020231109202310-Q 10/1/2023
6302023809202310-Q 7/2/2023
3312023511202310-Q 4/2/2023
12312022316202310-K 1/1/2023
93020221103202210-Q 9/25/2022
6302022804202210-Q 6/26/2022
3312022506202210-Q 3/27/2022
12312021310202210-K 12/26/2021