GEE Group swings to FY26 Q2 profit of $14,000; net revenue drops 20% to $19.48 million

GEE Group, Inc.

GEE Group, Inc.

JOB

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  • GEE Group swung to net income of USD 14,000 for quarter ended March 31, 2026 from a net loss of USD 33.12 million a year earlier.
  • Net revenues fell 20% to USD 19.48 million on a 24% drop in professional contract services to USD 16.29 million, partly offset by a 6% rise in direct hire placement services to USD 3.19 million.
  • Combined gross profit margin widened 4 percentage points to 38.1%.
  • Operating loss narrowed to USD 57,000 from USD 23.22 million, following a USD 22 million goodwill impairment charge recorded in the year-ago quarter.
  • Management cited direct hire growth and cost cuts that reduced SG&A by about USD 1.9 million, while noting a large contract account ended Oct. 1, 2025 and AI-driven disruption continues to weigh on hiring plans.


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