Filing Flows › TrueBlue (TBI) › Q2 2025
TrueBlue (TBI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 4, 2025
TrueBlue (TBI) reported revenue of $396M for the second quarter 2025 (Q2 2025), 0% from a year earlier and +7% from the quarter before. Operating margin was -0.7%, net loss $160K (0.0% of revenue).
TrueBlue, Q2 2025: revenue $396M (0% year over year), operating margin -0.7%, net loss $160K, operating cash flow −$11.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $396M | +7% | 0% |
| Operating profit | −$2.9M | — | — |
| Net earnings | −$160K | — | — |
| Operating cash flow | −$11.8M | — | — |
What changed
Revenue was $396.3M in Q2 2025, roughly flat year over year and up 7% from the previous quarter.
Gross margin was 23.6%, down 2.7 points from a year earlier. Operating costs exceeded revenue by $2.9M, an operating margin of -0.7%. Operating expenses fell 41% while revenue was flat. The quarter ended with a net loss of $160K, narrower than the previous quarter's $14.3M loss. Non-operating items added $2.9M, -7639% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$11.8M. Non-cash charges added back $7.5M of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items used $21.5M. Capital expenditures of $4.3M exceeded it, leaving free cash flow of −$16.1M.
Questions
What was TrueBlue's revenue in the second quarter 2025?
TrueBlue (TBI) reported revenue of $396M for the second quarter 2025 (Q2 2025), 0% from a year earlier and +7% from the quarter before.
Was TrueBlue profitable in the second quarter 2025?
Operating loss was $2.9M (-0.7% of revenue) and net loss $160K.
Source: TrueBlue 10-Q on SEC EDGAR.