Filing Flows › TrueBlue (TBI) › Q1 2025
TrueBlue (TBI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
TrueBlue (TBI) reported revenue of $370M for the first quarter 2025 (Q1 2025), -8% from a year earlier and -4% from the quarter before. Operating margin was -3.8%, net loss $14.3M (3.9% of revenue).
TrueBlue, Q1 2025: revenue $370M (-8% year over year), operating margin -3.8%, net loss $14.3M, operating cash flow −$22.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $370M | -4% | -8% |
| Operating profit | −$14.1M | — | — |
| Net earnings | −$14.3M | — | — |
| Operating cash flow | −$22.1M | — | — |
What changed
Revenue was $370.3M in Q1 2025, down 8% year over year and down 4% from the previous quarter.
Gross margin was 23.3%, down 1.4 points from a year earlier. Operating costs exceeded revenue by $14.1M, an operating margin of -3.8%. Operating expenses fell 13% while revenue fell 8%. The quarter ended with a net loss of $14.3M, wider than the previous quarter's $11.7M loss.
Operating cash flow was −$22.1M. Non-cash charges added back $6.8M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items used $16.6M. Capital expenditures of $4.7M exceeded it, leaving free cash flow of −$26.8M.
Questions
What was TrueBlue's revenue in the first quarter 2025?
TrueBlue (TBI) reported revenue of $370M for the first quarter 2025 (Q1 2025), -8% from a year earlier and -4% from the quarter before.
Was TrueBlue profitable in the first quarter 2025?
Operating loss was $14.1M (-3.8% of revenue) and net loss $14.3M.
Source: TrueBlue 10-Q on SEC EDGAR.