Filing Flows › TrueBlue (TBI) › Q1 2026
TrueBlue (TBI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
TrueBlue (TBI) reported revenue of $399M for the first quarter 2026 (Q1 2026), +8% from a year earlier and -5% from the quarter before. Operating margin was -4.5%, net loss $19.8M (5.0% of revenue).
TrueBlue, Q1 2026: revenue $399M (+8% year over year), operating margin -4.5%, net loss $19.8M, operating cash flow −$9.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $399M | -5% | +8% |
| Operating profit | −$17.8M | — | — |
| Net earnings | −$19.8M | — | — |
| Operating cash flow | −$9.8M | — | — |
What changed
Revenue was $398.6M in Q1 2026, up 8% year over year and down 5% from the previous quarter.
Gross margin was 19.8%, down 3.5 points from Q1 2025. Operating costs exceeded revenue by $17.8M, an operating margin of -4.5%. Operating expenses fell 4% while revenue rose 8%. The fastest-growing cost line was Other operating costs (+64%). The quarter ended with a net loss of $19.8M, narrower than the previous quarter's $31.5M loss.
Operating cash flow was −$9.8M. Non-cash charges added back $6.9M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items added $1.4M. Capital expenditures of $2.8M exceeded it, leaving free cash flow of −$12.6M.
Questions
What was TrueBlue's revenue in the first quarter 2026?
TrueBlue (TBI) reported revenue of $399M for the first quarter 2026 (Q1 2026), +8% from a year earlier and -5% from the quarter before.
Was TrueBlue profitable in the first quarter 2026?
Operating loss was $17.8M (-4.5% of revenue) and net loss $19.8M.
Source: TrueBlue 10-Q on SEC EDGAR.