JOBNYSEServices-Employment AgenciesUS GAAP · USD

GEE Group Inc.

GEE Group Inc. is a U.S.-based staffing and human resources solutions company with roots dating back to 1893, operating through a network of branch offices and virtual locations. It places temporary and permanent professionals primarily in IT, accounting and finance, engineering, office support, and medical scribe roles for clients across the United States.

Revenue96.5m USD
−9.8 %y/y
Operating profit (EBIT)-25.3m USD
+1.5 %y/y
EBIT margin-26.2%
−2.2 ppy/y
Net income-34.7m USD
−44.2 %y/y
Free cash flow0.5m USD
+270.1 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-50050100150200m USD2020: 130 m USD2020: EBIT -14 m USD20202021: 149 m USD2021: EBIT 6.5 m USD20212022: 165 m USD2022: EBIT 3.8 m USD20222023: 152 m USD2023: EBIT 2.0 m USD20232024: 107 m USD2024: EBIT -26 m USD20242025: 97 m USD2025: EBIT -25 m USD202597-25
RevenueOperating profit (EBIT)

Business

Share of revenue
Contract staffing55 %

Temporary professional staffing where GEE Group places workers on client assignments and manages payroll and billing.

Direct hire placement25 %

Permanent placement services that match candidates to client openings on contingency or retained searches.

Specialized professional staffing15 %

Niche placements in IT, engineering, accounting and finance, and office support through brand-specific channels.

Healthcare staffing and medical scribes5 %

Specialized EMR and medical scribe support for emergency departments, physician practices, and clinics.

Customers

GEE Group sells staffing and placement services to U.S. businesses that need specialized talent quickly, either for temporary coverage or permanent hires. Its customer base spans small and medium-sized companies through Fortune 1000 employers, with demand concentrated in professional services and selected healthcare end markets.

Professional services employers

Buy contract and direct-hire staffing for IT, accounting, finance, engineering, and office roles to fill skill gaps quickly.

Healthcare providers

Buy medical scribes and EMR support for emergency departments, specialty practices, and clinics to improve workflow efficiency.

Small and medium-sized businesses

Use GEE Group for flexible staffing and recruiting when they lack large internal talent acquisition teams.

Large enterprise clients

Use the company for recurring staffing programs and specialized placements across multiple functions and locations.

Strategy

Management is focused on organic growth through new client wins, expanding existing accounts, and improving operating productivity. It also pursues accretive acquisitions financed with cash, debt, seller financing, equity, and earn-outs, while narrowing the business toward professional staffing after exiting industrial staffing.

Organic growth in professional staffingShort term

New client wins and deeper penetration of existing accounts drive recurring placement volume.

Operational efficiencyShort term

Cost reduction and productivity improvement are important in a fragmented, low-barrier staffing market.

Accretive acquisitionsMedium term

Acquisitions can add scale, broaden end markets, and improve profitability if integrated well.

Portfolio simplificationShort term

Exiting industrial staffing reduces exposure to lower-priority end markets and sharpens management focus.

Geography

GEE Group operates almost entirely in the United States and serves customers located in and near major U.S. cities. As of March 31, 2025, it operated from 11 states with 23 branch offices and 4 additional remote local market presences, with notable concentration in Ohio, Florida, Texas, and other major metro areas.

Risks

The business is exposed to cyclical hiring demand, especially in a weak U.S. labor market, and staffing volumes can fall quickly when customers slow hiring. It also faces working-capital pressure because it must fund payroll before collecting from clients, plus competitive pressure from many small and large staffing firms.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →U.S. labor-market weakness and recession risk1Working-capital and liquidity pressure2Competitive fragmentation3Credit risk on accounts receivable4Execution risk on acquisitions and portfolio changes5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. U.S. labor-market weakness and recession riskImpact: HighLikelihood: High

    Staffing demand falls when clients reduce hiring or delay projects, directly lowering placement and contract volumes.

    Exposure: Professional staffing and placement services

  2. Working-capital and liquidity pressureImpact: HighLikelihood: High

    The company pays temporary workers before collecting from customers, so slower collections can strain cash flow.

    Exposure: Contract staffing payroll funding

  3. Competitive fragmentationImpact: MediumLikelihood: High

    Low barriers to entry and many local competitors pressure pricing, margins, and recruiter productivity.

    Exposure: U.S. staffing market

  4. Credit risk on accounts receivableImpact: MediumLikelihood: Medium

    Staffing customers may receive extended payment terms, and bad debts can rise if client credit quality weakens.

    Exposure: Customer receivables

  5. Execution risk on acquisitions and portfolio changesImpact: MediumLikelihood: Medium

    Growth strategy depends on integrating acquisitions and successfully exiting non-core businesses without disrupting operations.

    Exposure: M&A and divestitures

Accounting

Judgemental items
Revenue recognition by service type

Temporary staffing and direct hire placements are recognized differently, affecting quarterly revenue timing and margins.

Impact: Comparability across periods depends on the mix of contract staffing versus permanent placements

Allowance for credit losses

The company extends credit to customers and estimates expected losses on receivables.

Impact: Changes in client payment behavior can move bad debt expense and net receivables

Goodwill impairment

Goodwill must be tested for impairment when triggering events occur or annually.

Impact: A weak operating outlook could create non-cash impairment charges

Discontinued operations accounting

The industrial segment asset sale changes the presentation of continuing operations and comparability.

Impact: Reported revenue and operating results exclude sold industrial activities

Seasonality

Staffing demand is typically lower late in the fourth quarter and early in the first quarter.

Impact: Quarterly revenue and margin trends can be uneven

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026