$JOB

GEE Group Inc.

CIK:0000040570|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
NET REVENUES:
Contract staffing services	$ 17,019	$ 21,301	$ 51,113	$ 64,310
Direct hire placement services	3,746	3,222	9,649	8,733
NET REVENUES	20,765	24,523	60,762	73,043
Cost of contract services	12,484	15,842	37,661	48,076
GROSS PROFIT	8,281	8,681	23,101	24,967
Selling, general and administrative expenses	7,837	8,951	22,952	26,695
Depreciation expense	45	49	136	154
Amortization of intangible assets	21	225	101	655
Goodwill impairment charge	0	0	0	22,000
INCOME (LOSS) FROM OPERATIONS	378	(544)	(88)	(24,537)
Interest expense	(119)	(112)	(250)	(267)
Interest income	112	140	356	434
Other income	196	0	392	0
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAX PROVISION	567	(516)	410	(24,370)
Provision for income tax benefit (expense) attributable to continuing operations	(1)	115	20	(9,671)
INCOME (LOSS) FROM CONTINUING OPERATIONS	566	(401)	430	(34,041)
Loss from discontinued operations, net of tax (Note 3)	0	(22)	0	(193)
CONSOLIDATED NET INCOME (LOSS)	$ 566	$ (423)	$ 430	$ (34,234)
WEIGHTED AVERAGE SHARES OUTSTANDING:
BASIC	109,871	109,413	109,784	109,413
DILUTED	110,160	109,413	109,980	109,413
BASIC AND DILUTED INCOME (LOSS) PER SHARE
From continuing operations	$ 0.01	$ (0.00)	$ 0.00	$ (0.31)
From discontinued operations	0.00	(0.00)	0.00	(0.00)
Consolidated net income (loss) per share	$ 0.01	$ (0.00)	$ 0.00	$ (0.31)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Consolidated net income (loss)	$ 430	$ (34,234)
Adjustments to reconcile net income (loss) to cash used in operating activities:
Loss on disposal of assets	0	3
Depreciation and amortization	237	814
Amortization of operating lease right-of-use assets	729	934
Payments on operating leases	(831)	(824)
Goodwill impairment changes	0	22,000
Gain on reduction of promissory notes payable	(392)	0
Share-based compensation	268	418
Provisions for (recoveries of) credit losses	34	(1)
Gain on sale of Industrial Segment	0	(133)
Deferred income taxes	(26)	9,671
Amortization of debt issuance costs	102	115
Changes in operating assets and liabilities:
Accounts receivable	(150)	2,024
Other assets	56	(402)
Accounts payable	(223)	(1,020)
Accrued compensation	(845)	(1,231)
Other liabilities	(194)	(18)
Net cash used in operating activities	(805)	(1,884)
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property and equipment	(208)	(16)
Business acquisition, net of cash acquired	0	(968)
Proceeds from sale of Industrial Segment	0	712
Net cash used in investing activities	(208)	(272)
CASH FLOWS FROM FINANCING ACTIVITIES:
Return of shares issued under incentive stock plan for taxes	(27)	0
Payments on finance leases	(52)	(50)
Net cash used in financing activities	(79)	(50)
Net change in cash	(1,092)	(2,206)
Cash at beginning of period	21,364	20,828
Cash at end of period	20,272	18,622
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	148	152
Cash paid for taxes	32	45
Non-cash investing and financing activities:
Operating ROU assets obtained in exchange for new lease liabilities	$ 1,448	$ 568

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Sep. 30, 2025
CURRENT ASSETS:
Cash	$ 20,272	$ 21,364
Accounts receivable, less allowances ($110 and $76, respectively)	9,811	9,695
Prepaid expenses and other current assets	480	622
Total current assets	30,563	31,681
Property and equipment, net	427	354
Goodwill	24,759	24,759
Intangible assets, net	519	620
Right-of-use assets	3,162	2,443
Other long-term assets	123	140
TOTAL ASSETS	59,553	59,997
CURRENT LIABILITIES:
Accounts payable	1,169	1,392
Accrued compensation	3,674	4,519
Current operating lease liabilities	1,000	986
Current portion of promissory notes payable	0	196
Other current liabilities	328	595
Total current liabilities	6,171	7,688
Deferred taxes, net	236	262
Noncurrent operating lease liabilities	2,465	1,829
Promissory notes payable	0	196
Other long-term liabilities	0	12
Total liabilities	8,872	9,987
SHAREHOLDERS' EQUITY:
Common stock, no-par value; authorized - 200,000 shares; 114,900 shares issued and 109,870 shares outstanding at June 30, 2026 and 114,900 shares issued and 109,413 shares outstanding at September 30, 2025	113,599	113,675
Accumulated deficit	(60,049)	(60,479)
Treasury stock; at cost - 5,030 shares at June 30, 2026 and 5,487 shares at September 30, 2025	(2,869)	(3,186)
Total shareholders' equity	50,681	50,010
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 59,553	$ 59,997