Filing Flows › Fortrea Holdings (FTRE) › Q3 2025
Fortrea Holdings (FTRE) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Fortrea Holdings (FTRE) reported revenue of $701M for the third quarter 2025 (Q3 2025), +4% from a year earlier and -1% from the quarter before. Operating margin was -1.2%, net loss $15.9M (2.3% of revenue).
Fortrea Holdings, Q3 2025: revenue $701M (+4% year over year), operating margin -1.2%, net loss $15.9M, operating cash flow $86.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $701M | -1% | +4% |
| Operating profit | −$8.6M | — | — |
| Net earnings | −$15.9M | — | — |
| Operating cash flow | $86.8M | +298% | — |
| Free cash flow | $79.5M | +456% | — |
What changed
Revenue was $701.3M in Q3 2025, up 4% year over year and down 1% from the previous quarter.
Operating costs exceeded revenue by $8.6M, an operating margin of -1.2%. Total costs grew 2% against revenue growth of 4%. The quarter ended with a net loss of $15.9M, narrower than the previous quarter's $374.9M loss. Net interest and other expense of $20.1M was the main reason.
Operating cash flow was $86.8M. Non-cash charges added back $19.6M of depreciation and amortization and $22.3M of share-based compensation. Working capital and other items added $60.8M. Capital expenditures of $7.3M left free cash flow of $79.5M.
Questions
What was Fortrea Holdings' revenue in the third quarter 2025?
Fortrea Holdings (FTRE) reported revenue of $701M for the third quarter 2025 (Q3 2025), +4% from a year earlier and -1% from the quarter before.
Was Fortrea Holdings profitable in the third quarter 2025?
Operating loss was $8.6M (-1.2% of revenue) and net loss $15.9M.
Source: Fortrea Holdings 10-Q on SEC EDGAR.