Filing Flows › TrueBlue (TBI) › Q4 2025
TrueBlue (TBI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 18, 2026
TrueBlue (TBI) reported revenue of $418M for the fourth quarter 2025 (Q4 2025), +8% from a year earlier and -3% from the quarter before. Operating margin was -7.0%, net loss $31.5M (7.5% of revenue).
TrueBlue, Q4 2025: revenue $418M (+8% year over year), operating margin -7.0%, net loss $31.5M, operating cash flow −$4.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $418M | -3% | +8% |
| Operating profit | −$29.4M | — | — |
| Net earnings | −$31.5M | — | — |
| Operating cash flow | −$4.4M | — | — |
What changed
Revenue was $418.2M in Q4 2025, up 8% year over year and down 3% from the previous quarter.
Gross margin was 21.5%, down 5.0 points from a year earlier. Operating costs exceeded revenue by $29.4M, an operating margin of -7.0%. Operating expenses grew 6% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+308%). The quarter ended with a net loss of $31.5M, wider than the previous quarter's $1.9M loss.
Operating cash flow was −$4.4M. Non-cash charges added back $7.2M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items added $18.3M. Capital expenditures of $3.1M exceeded it, leaving free cash flow of −$7.5M.
Questions
What was TrueBlue's revenue in the fourth quarter 2025?
TrueBlue (TBI) reported revenue of $418M for the fourth quarter 2025 (Q4 2025), +8% from a year earlier and -3% from the quarter before.
Was TrueBlue profitable in the fourth quarter 2025?
Operating loss was $29.4M (-7.0% of revenue) and net loss $31.5M.
Source: TrueBlue 10-K on SEC EDGAR.