Revenue has contracted by 20.5% year-over-year in 2026Q2, though the company has managed to preserve a gross margin of 37.7% despite the shrinking top-line.
| Metric | TTM | Sep'25 | Sep'24 | Sep'23 | Sep'22 | Sep'21 | Sep'20 | Sep'19 | Sep'18 | Sep'17 | Sep'16 | Sep'15 | Sep'14 | Sep'13 | Sep'12 | Sep'11 | Sep'10 | Sep'09 | Sep'08 | Sep'07 | Sep'06 | Sep'05 | Sep'04 | Sep'03 | Sep'02 | Sep'01 | Sep'00 | Sep'99 | Sep'98 | Sep'97 | Sep'96 |
|---|
| Sales/Revenue | 87.98M | 96.5M | 116.48M | 152.44M | 165.11M | 148.88M | 129.84M | 151.67M | 165.28M | 134.98M | 83.07M | 43.39M | 39.81M | 46.5M | 52.41M | 37.19M | 11.92M | 10.39M | 15.23M | 19.69M | 20.07M | 20.35M | 17.98M | 18.61M | 20.32M | 31.04M | 39.8M | 39.6M | 36.7M | 29.3M | 23.2M |
| Revenue Growth % | -17.25% | -17.15% | -23.59% | -7.67% | 10.9% | 14.67% | -14.4% | -8.23% | 22.45% | 62.48% | 91.47% | 8.98% | -14.39% | -11.26% | 40.92% | 212.07% | 14.65% | -31.78% | -22.63% | -1.88% | -1.38% | 13.16% | -3.37% | -8.41% | -34.53% | -22.03% | 0.51% | 7.9% | 25.26% | 26.29% | 38.92% |
| Cost of Goods Sold | 56.77M | 64.19M | 78.84M | 99.57M | 103.43M | 96.34M | 85.13M | 99.65M | 106.35M | 90M | 59.45M | 30.23M | 26.42M | 32.32M | 38.24M | 27.41M | 7.11M | 4.37M | 5.04M | 5.64M | 7.26M | 8.34M | 8.52M | 9.07M | 9.08M | 9.66M | 9.92M | 10.5M | 7.2M | 21.2M | 16.6M |
| COGS % of Revenue | - | 66.52% | 67.68% | 65.32% | 62.64% | 64.71% | 65.57% | 65.7% | 64.34% | 66.68% | 71.56% | 69.68% | 66.36% | 69.5% | 72.96% | 73.69% | 59.67% | 42.08% | 33.06% | 28.65% | 36.16% | 40.96% | 47.38% | 48.73% | 44.7% | 31.12% | 24.93% | 26.52% | 19.62% | 72.35% | 71.55% |
| Gross Profit | 31.21M | 32.31M | 37.65M | 52.87M | 61.68M | 52.54M | 44.7M | 52.02M | 58.93M | 44.98M | 23.63M | 13.15M | 13.39M | 14.19M | 14.17M | 9.78M | 4.81M | 6.02M | 10.2M | 14.05M | 12.81M | 12.01M | 9.46M | 9.54M | 11.24M | 21.38M | 29.88M | 29.1M | 29.5M | 8.1M | 6.6M |
| Gross Margin % | 35.48% | 33.48% | 32.32% | 34.68% | 37.36% | 35.29% | 34.43% | 34.3% | 35.66% | 33.32% | 28.44% | 30.32% | 33.64% | 30.5% | 27.04% | 26.31% | 40.33% | 57.92% | 66.94% | 71.35% | 63.84% | 59.04% | 52.62% | 51.27% | 55.3% | 68.88% | 75.07% | 73.48% | 80.38% | 27.65% | 28.45% |
| Gross Profit Growth % | - | -14.16% | -28.8% | -14.28% | 17.39% | 17.53% | -14.07% | -11.73% | 31.03% | 90.34% | 79.65% | -1.8% | -5.58% | 0.12% | 44.82% | 103.58% | -20.17% | -40.97% | -27.41% | 9.65% | 6.65% | 26.97% | -0.84% | -15.09% | -47.44% | -28.46% | 2.68% | -1.36% | 264.2% | 22.73% | 57.14% |
| Operating Expenses | 32.73M | 35.15M | 64.7M | 50.84M | 57.9M | 46.05M | 58.54M | 48.39M | 47.41M | 43.45M | 21.73M | 14.41M | 14.06M | 15.49M | 14.7M | 8.1M | 6.32M | 10.2M | 12.04M | 13.44M | 12.02M | 11.44M | 10.27M | 13.11M | 15.89M | 23.59M | 26.3M | 24.5M | 24.7M | 4.4M | 3.9M |
| OpEx % of Revenue | - | 36.42% | 55.55% | 33.35% | 35.07% | 30.93% | 45.09% | 31.91% | 28.68% | 32.19% | 26.16% | 33.22% | 35.31% | 33.32% | 28.05% | 21.79% | 53.01% | 98.11% | 79.04% | 68.24% | 59.91% | 56.2% | 57.13% | 70.42% | 78.2% | 76.02% | 66.08% | 61.87% | 67.3% | 15.02% | 16.81% |
| Selling, General & Admin | 32.73M | 35.15M | 40.44M | 46.74M | 48.88M | 41.24M | 40.12M | 42.46M | 47.41M | 39.5M | 19.86M | 13.79M | 13.68M | 15.17M | 13.85M | 8.84M | 6.32M | 10.2M | 12.04M | 13.44M | 12.02M | 11.44M | 10.27M | 12.59M | 15.89M | 23.59M | 25.7M | 24.1M | 24.5M | 4.2M | 3.8M |
| SG&A % of Revenue | - | 36.42% | 34.72% | 30.66% | 29.6% | 27.7% | 30.9% | 27.99% | 28.68% | 29.26% | 23.91% | 31.78% | 34.36% | 32.63% | 26.43% | 23.77% | 53.01% | 98.11% | 79.04% | 68.24% | 59.91% | 56.2% | 57.13% | 67.64% | 78.2% | 76.02% | 64.58% | 60.86% | 66.76% | 14.33% | 16.38% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 24.26M | 4.1M | 9.03M | 4.81M | 18.41M | 5.93M | 617K | 3.95M | 1.87M | 448K | 326K | 320K | 394K | -739K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 597K | 400K | 200K | 200K | 100K |
| Operating Income | -1.52M | -2.84M | -27.06M | 2.03M | 3.77M | 6.49M | -13.83M | 3.63M | 2.46M | -1.4M | 1.2M | -1.63M | -641K | -1.31M | -698K | 556K | -1.51M | -4.18M | -1.84M | 613K | 789K | 577K | -812K | -3.56M | -4.65M | -2.22M | 3.58M | 4.6M | 4.8M | 3.7M | 2.7M |
| Operating Margin % | -1.73% | -2.94% | -23.23% | 1.33% | 2.29% | 4.36% | -10.65% | 2.39% | 1.49% | -1.04% | 1.44% | -3.76% | -1.61% | -2.81% | -1.33% | 1.5% | -12.68% | -40.2% | -12.1% | 3.11% | 3.93% | 2.84% | -4.52% | -19.15% | -22.9% | -7.14% | 8.99% | 11.62% | 13.08% | 12.63% | 11.64% |
| Operating Income Growth % | - | 89.52% | -1430.89% | -46.15% | -41.83% | 146.92% | -481.28% | 47.36% | 275.73% | -217.04% | 173.3% | -154.76% | 50.96% | -87.25% | -225.54% | 136.8% | 63.83% | -126.7% | -400.65% | -22.31% | 36.74% | 171.06% | 77.22% | 23.39% | -109.83% | -161.98% | -22.24% | -4.17% | 29.73% | 37.04% | 145.45% |
| EBITDA | 258K | -528K | -27.14M | 5.29M | 9M | 12.23M | -6.92M | 9.56M | 8.43M | 2.55M | 3.06M | -900K | -143K | -822K | -152K | 1.27M | -1.27M | -3.92M | -1.59M | 844K | 954K | 787K | -288K | -2.71M | -3.8M | -1.36M | 4.17M | 5M | 5M | 3.9M | 2.8M |
| EBITDA Margin % | 0.29% | -0.55% | -23.3% | 3.47% | 5.45% | 8.22% | -5.33% | 6.3% | 5.1% | 1.89% | 3.69% | -2.07% | -0.36% | -1.77% | -0.29% | 3.41% | -10.64% | -37.69% | -10.42% | 4.29% | 4.75% | 3.87% | -1.6% | -14.58% | -18.69% | -4.38% | 10.49% | 12.63% | 13.62% | 13.31% | 12.07% |
| EBITDA Growth % | 100.57% | 98.05% | -612.46% | -41.16% | -26.44% | 276.69% | -172.4% | 13.39% | 230.49% | -16.71% | 440.44% | -529.37% | 82.6% | -440.79% | -111.98% | 200.08% | 67.64% | -146.73% | -288.15% | -11.53% | 21.22% | 373.26% | 89.39% | 28.54% | -179.26% | -132.58% | -16.52% | 0% | 28.21% | 39.29% | 115.38% |
| D&A (Non-Cash Add-back) | 1.78M | 2.31M | -78K | 3.26M | 5.22M | 5.74M | 6.91M | 5.93M | 5.97M | 3.95M | 1.87M | 733K | 498K | 485K | 546K | 713K | 243K | 260K | 255K | 231K | 165K | 210K | 524K | 850K | 854K | 857K | 597K | 400K | 200K | 200K | 100K |
| EBIT | -1.52M | -2.84M | -26.98M | 2.5M | 20.56M | 5.94M | -1.52M | -4.95M | 3.08M | -2.4M | 2.78M | -4.12M | -594K | -1.31M | -698K | 556K | -1.51M | -4.22M | -1.84M | 613K | 789K | 577K | -812K | -3.5M | -4.65M | -2.22M | 3.58M | 4.55M | 4.83M | 3.7M | 2.5M |
| Net Interest Income | 218K | 244K | 400K | 136K | -361K | -5.88M | -12.23M | -12.44M | -11.5M | -6M | -1.6M | -544K | -507K | -251K | -204K | -198K | -36K | 30K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 527K | 577K | 722K | 472K | 16K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 309K | 333K | 322K | 336K | 377K | 5.88M | 12.23M | 12.44M | 11.5M | 6M | 1.6M | 544K | 507K | 251K | 204K | 198K | 36K | 10K | 0 | 914K | 1M | 671K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 149K | -22.23M | 400K | 136K | 16.41M | -6.43M | 83K | -21.02M | -10.88M | -6.99M | -21K | -3.03M | -460K | -251K | -204K | -198K | -45K | -50K | 37K | 301K | 213K | 94K | 0 | -9K | 108K | 531K | 645K | 400K | 400K | 300K | 0 |
| Pretax Income | -1.37M | -25.07M | -26.66M | 2.17M | 20.19M | 64K | -13.75M | -17.39M | -8.42M | -8.39M | 1.18M | -4.66M | -1.1M | -1.56M | -1.01M | 358K | -1.56M | -4.23M | -1.81M | 914K | 1M | 671K | -1.4M | -3.51M | -4.54M | -1.69M | 4.22M | 5M | 5.2M | 4M | 2.7M |
| Pretax Margin % | -1.56% | -25.97% | -22.88% | 1.42% | 12.23% | 0.04% | -10.59% | -11.47% | -5.1% | -6.22% | 1.42% | -10.75% | -2.77% | -3.35% | -1.93% | 0.96% | -13.06% | -40.68% | -11.85% | 4.64% | 4.99% | 3.3% | -7.77% | -18.84% | -22.36% | -5.43% | 10.61% | 12.63% | 14.17% | 13.65% | 11.64% |
| Income Tax | -219K | 9.59M | -2.56M | -7.25M | 588K | 58K | 597K | 370K | -859K | -6.02M | 3K | 0 | 24K | 8K | 204K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.4M | -58K | -1.33M | -620K | 1.69M | 2M | 2.1M | 1.6M | 1.1M |
| Effective Tax Rate % | 16% | -38.25% | 9.58% | -334.21% | 2.91% | 90.63% | -4.34% | -2.13% | 10.2% | 71.73% | 0.26% | 0% | -2.18% | -0.51% | -20.18% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -100% | 1.65% | 29.27% | 36.77% | 40.03% | 40% | 40.38% | 40% | 40.74% |
| Net Income | -1.07M | -34.75M | -24.1M | 9.42M | 19.6M | 6K | -14.35M | -17.76M | -7.56M | -2.37M | 1.17M | -4.66M | -1.35M | -1.89M | -1.01M | 358K | -1.56M | -4.23M | -1.81M | 914K | 1M | 671K | -1.4M | -3.51M | -3.21M | -1.07M | 2.53M | 3M | 3.1M | 2.4M | 1.6M |
| Net Margin % | -1.22% | -36.01% | -20.69% | 6.18% | 11.87% | 0% | -11.05% | -11.71% | -4.58% | -1.76% | 1.41% | -10.75% | -3.4% | -4.06% | -1.93% | 0.96% | -13.06% | -40.68% | -11.85% | 4.64% | 4.99% | 3.3% | -7.77% | -18.84% | -15.82% | -3.43% | 6.36% | 7.58% | 8.45% | 8.19% | 6.9% |
| Net Income Growth % | 98.06% | -44.17% | -355.91% | -51.95% | 326550% | 100.04% | 19.23% | -134.84% | -218.89% | -302.22% | 125.16% | -244.06% | 28.31% | -86.94% | -382.4% | 123.01% | 63.2% | -134.11% | -297.59% | -8.78% | 49.33% | 148.03% | 60.15% | -9.09% | -201.5% | -142.1% | -15.6% | -3.23% | 29.17% | 50% | 45.45% |
| Net Income (Continuing) | -1.15M | -34.65M | -24.1M | 9.42M | 19.6M | 6K | -14.35M | -17.76M | -7.56M | -2.37M | 1.17M | -4.66M | -1.13M | -1.57M | -1.01M | 358K | -1.56M | -4.23M | -1.81M | 914K | 1M | 671K | -778K | -3.44M | -3.21M | -1.07M | 2.53M | 3M | 3.1M | 2.4M | 1.6M |
| Discontinued Operations | 78K | -93K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.01 | -0.32 | -0.22 | 0.08 | 0.17 | 0.00 | -1.14 | -1.50 | -0.74 | -0.25 | 0.12 | -1.14 | -0.56 | -0.86 | -0.47 | 0.20 | -1.12 | -5.85 | -3.50 | 1.70 | 1.88 | 1.25 | -2.72 | -6.85 | -6.28 | -2.10 | 4.90 | 5.90 | 5.80 | 4.80 | 3.30 |
| EPS Growth % | 96.54% | -45.45% | -367.97% | -51.71% | - | 100.01% | 24% | -102.7% | -196% | -308.33% | 110.53% | -103.57% | 34.88% | -82.98% | -335% | 117.86% | 80.85% | -67.14% | -305.88% | -9.57% | 50.4% | 145.96% | 60.29% | -9.08% | -199.05% | -142.86% | -16.95% | 1.72% | 20.83% | 45.45% | 50% |
| EPS (Basic) | - | -0.32 | -0.22 | 0.08 | 0.17 | 0.00 | -0.94 | -1.50 | -0.74 | -0.25 | 0.13 | -1.14 | -0.56 | -0.86 | -0.47 | 0.20 | -1.12 | -5.85 | -3.50 | 1.80 | 1.90 | 1.30 | -2.72 | -6.85 | -6.28 | -2.10 | 5.00 | 5.90 | 6.10 | 4.90 | 3.40 |
| Diluted Shares Outstanding | 110.6M | 109.41M | 109.14M | 114.72M | 114.89M | 115.41M | 21.57M | 11.84M | 10.24M | 9.63M | 9.89M | 4.08M | 2.44M | 2.2M | 2.17M | 1.86M | 1.39M | 723.2K | 516.3K | 536.8K | 533.8K | 535.5K | 513.1K | 512.1K | 511.6K | 508.7K | 511.7K | 512.2K | 531.6K | 500K | 484.85K |
| Basic Shares Outstanding | 109.88M | 109.41M | 109.14M | 114.02M | 114.14M | 114.1M | 15.21M | 11.84M | 10.24M | 9.63M | 9.31M | 4.08M | 2.44M | 2.2M | 2.17M | 1.84M | 1.39M | 723.2K | 516.3K | 515K | 514.8K | 514.2K | 513.1K | 512.1K | 511.6K | 508.7K | 508.7K | 508.7K | 508K | 489.8K | 470.59K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 56.35% | - | - | - | - | - | - | 10.03% | 6.67% | 6.45% | 8.33% | 6.25% |
Persistent revenue contraction
As indicated by the most recent quarterly data, GEE Group has experienced a sustained revenue decline, with the latest period showing a 20.5% year-over-year contraction, reflecting ongoing challenges in maintaining client demand across its specialized professional and industrial staffing segments within the current economic environment.
The consistent double-digit revenue declines suggest that the company is struggling to retain market share in a competitive staffing landscape. This downward trajectory implies that the firm's niche-focused strategy may be insufficient to offset broader cyclical headwinds affecting the professional services sector.
Based on reported financial statements, GEE Group has maintained gross margins near 37.7% in the most recent quarter, demonstrating a surprising ability to preserve pricing power despite a significant 20.5% reduction in top-line revenue compared to the same period in the prior year.
The stability in gross margins suggests that the company's focus on specialized professional staffing niches may provide a buffer against the commoditization typically seen in industrial labor. However, investors should monitor whether this margin profile can be sustained if client demand for high-margin direct-hire placements continues to weaken.
According to the income statement history, GEE Group's operating expenses have consistently outpaced gross profit, resulting in persistent operating losses that highlight a failure to achieve necessary scale, as evidenced by the -0.2% operating margin reported in the most recent fiscal quarter.
The inability to align fixed SG&A costs with the declining revenue base suggests a structural inefficiency in the company's operating model. This misalignment implies that management may need to pursue more aggressive cost-rationalization efforts to reach a sustainable break-even point in the near term.
As reported in financial filings, the company's net income has been subject to extreme volatility, including significant losses in prior periods that appear to stem from non-cash impairment charges rather than purely operational cash outflows, complicating the assessment of underlying profitability for the business.
The discrepancy between operating performance and net income suggests that historical acquisition-related goodwill may be periodically written down, which masks the true cash-generating capacity of the core staffing operations. Analysts should focus on adjusted EBITDA metrics to better understand the firm's actual operational health.
While the company maintains a healthy debt-to-equity ratio of 0.10%, the persistent negative operating margins warrant caution, as the current cost structure appears misaligned with the reality of a shrinking revenue base, potentially threatening the firm's long-term financial viability if trends do not reverse.
Short-term liquidity provided by the current cash position may offer a temporary safety net, but it does not address the fundamental issue of declining demand. Investors should be wary that the current valuation may not fully account for the risk of further margin compression if the professional staffing segment faces increased competitive pricing pressure.
Quick answers to the most common questions about buying JOB stock.
For fiscal year 2025, GEE Group, Inc. (JOB) reported total revenue of $96.5M. This represents a 316.0% increase compared to $23.2M in 1996.
GEE Group, Inc. (JOB) reported a net loss of $34.7M for the fiscal year ending 2025.
GEE Group, Inc. (JOB) reported an operating income of $-2.8M, resulting in an operating profit margin of -2.9%. This margin reflects the operational efficiency of the business before interest and taxes.
GEE Group, Inc. (JOB) generated $32.3M in gross profit for the year, representing a gross profit margin of 33.5%. This demonstrates the company's core pricing power and production efficiency.