Filing Flows › TrueBlue (TBI) › Q3 2025
TrueBlue (TBI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 3, 2025
TrueBlue (TBI) reported revenue of $431M for the third quarter 2025 (Q3 2025), +13% from a year earlier and +9% from the quarter before. Operating margin was 0.0%, net loss $1.9M (0.4% of revenue).
TrueBlue, Q3 2025: revenue $431M (+13% year over year), operating margin 0.0%, net loss $1.9M, operating cash flow −$19.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $431M | +9% | +13% |
| Operating profit | −$146K | — | — |
| Net earnings | −$1.9M | — | — |
| Operating cash flow | −$19.8M | — | — |
What changed
Revenue was $431.3M in Q3 2025, up 13% year over year and up 9% from the previous quarter.
Gross margin was 22.7%, down 3.5 points from a year earlier. Operating costs exceeded revenue by $146K, an operating margin of 0.0%. Operating expenses fell 8% while revenue rose 13%. The quarter ended with a net loss of $1.9M, wider than the previous quarter's $160K loss. Net interest and other expense of $1.1M was the main reason.
Operating cash flow was −$19.8M. Non-cash charges added back $7.3M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items used $26.4M. Capital expenditures of $3.6M exceeded it, leaving free cash flow of −$23.4M.
Questions
What was TrueBlue's revenue in the third quarter 2025?
TrueBlue (TBI) reported revenue of $431M for the third quarter 2025 (Q3 2025), +13% from a year earlier and +9% from the quarter before.
Was TrueBlue profitable in the third quarter 2025?
Operating loss was $146K (0.0% of revenue) and net loss $1.9M.
Source: TrueBlue 10-Q on SEC EDGAR.