Filing Flows › Fortrea Holdings (FTRE) › Q2 2025
Fortrea Holdings (FTRE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Fortrea Holdings (FTRE) reported revenue of $710M for the second quarter 2025 (Q2 2025), +7% from a year earlier and +9% from the quarter before. Operating margin was -46.5%, net loss $375M (52.8% of revenue).
Fortrea Holdings, Q2 2025: revenue $710M (+7% year over year), operating margin -46.5%, net loss $375M, operating cash flow $21.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $710M | +9% | +7% |
| Operating profit | −$330M | — | — |
| Net earnings | −$375M | — | — |
| Operating cash flow | $21.8M | — | -92% |
| Free cash flow | $14.3M | — | -95% |
What changed
Revenue was $710.3M in Q2 2025, up 7% year over year and up 9% from the previous quarter.
Operating costs exceeded revenue by $330.3M, an operating margin of -46.5%. Total costs grew 46% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+966%). The quarter ended with a net loss of $374.9M, narrower than the previous quarter's $562.9M loss.
Operating cash flow was $21.8M (down 92% year over year). Non-cash charges added back $19.6M of depreciation and amortization and $22.7M of share-based compensation. Working capital and other items added $354.4M. Capital expenditures of $7.5M left free cash flow of $14.3M.
Questions
What was Fortrea Holdings' revenue in the second quarter 2025?
Fortrea Holdings (FTRE) reported revenue of $710M for the second quarter 2025 (Q2 2025), +7% from a year earlier and +9% from the quarter before.
Was Fortrea Holdings profitable in the second quarter 2025?
Operating loss was $330M (-46.5% of revenue) and net loss $375M.
Source: Fortrea Holdings 10-Q on SEC EDGAR.