Filing Flows › Fortrea Holdings (FTRE) › Q1 2026
Fortrea Holdings (FTRE) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Fortrea Holdings (FTRE) reported revenue of $636M for the first quarter 2026 (Q1 2026), -2% from a year earlier and -4% from the quarter before. Operating margin was -0.5%, net loss $23.6M (3.7% of revenue).
Fortrea Holdings, Q1 2026: revenue $636M (-2% year over year), operating margin -0.5%, net loss $23.6M, operating cash flow −$17.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $636M | -4% | -2% |
| Operating profit | −$3.4M | — | — |
| Net earnings | −$23.6M | — | — |
| Operating cash flow | −$17.0M | -113% | — |
What changed
Revenue was $636.5M in Q1 2026, down 2% year over year and down 4% from the previous quarter.
Operating costs exceeded revenue by $3.4M, an operating margin of -0.5%. Total costs fell 45% while revenue fell 2%. The quarter ended with a net loss of $23.6M, narrower than the previous quarter's $32.5M loss.
Operating cash flow was −$17.0M. Non-cash charges added back $19.8M of depreciation and amortization and $11.4M of share-based compensation. Working capital and other items used $24.6M. Capital expenditures of $8.0M exceeded it, leaving free cash flow of −$25.0M.
Questions
What was Fortrea Holdings' revenue in the first quarter 2026?
Fortrea Holdings (FTRE) reported revenue of $636M for the first quarter 2026 (Q1 2026), -2% from a year earlier and -4% from the quarter before.
Was Fortrea Holdings profitable in the first quarter 2026?
Operating loss was $3.4M (-0.5% of revenue) and net loss $23.6M.
Source: Fortrea Holdings 10-Q on SEC EDGAR.