Filing Flows › Fortrea Holdings (FTRE) › Q1 2025
Fortrea Holdings (FTRE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Fortrea Holdings (FTRE) reported revenue of $651M for the first quarter 2025 (Q1 2025), -2% from a year earlier and -7% from the quarter before. Operating margin was -79.9%, net loss $563M (86.4% of revenue).
Fortrea Holdings, Q1 2025: revenue $651M (-2% year over year), operating margin -79.9%, net loss $563M, operating cash flow −$124M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $651M | -7% | -2% |
| Operating profit | −$520M | — | — |
| Net earnings | −$563M | — | — |
| Operating cash flow | −$124M | — | — |
What changed
Revenue was $651.3M in Q1 2025, down 2% year over year and down 7% from the previous quarter.
Operating costs exceeded revenue by $520.1M, an operating margin of -79.9%. Total costs grew 67% against a revenue fall of 2%. The fastest-growing cost line was Other operating costs (+1943%). The quarter ended with a net loss of $562.9M, wider than the previous quarter's $61.2M loss.
Operating cash flow was −$124.2M. Non-cash charges added back $19.5M of depreciation and amortization and $14.6M of share-based compensation. Working capital and other items added $404.6M. Capital expenditures of $2.9M exceeded it, leaving free cash flow of −$127.1M.
Questions
What was Fortrea Holdings' revenue in the first quarter 2025?
Fortrea Holdings (FTRE) reported revenue of $651M for the first quarter 2025 (Q1 2025), -2% from a year earlier and -7% from the quarter before.
Was Fortrea Holdings profitable in the first quarter 2025?
Operating loss was $520M (-79.9% of revenue) and net loss $563M.
Source: Fortrea Holdings 10-Q on SEC EDGAR.