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How TrueBlue (TBI) makes money

TrueBlue (TBI) made $521M of revenue in the third quarter 2026 (Q3 2026), +21% from a year earlier. Of every dollar of revenue, 21¢ was left as gross profit, 2¢ was left as operating profit, 2¢ was left as net earnings.

Drawing the Sankey…

TrueBlue revenue by quarterTrueBlue revenue by quarter$370MQ1 2025$396MQ2 2025$431MQ3 2025$418MQ4 2025$399MQ1 2026$443MQ2 2026$521MQ3 2026
TrueBlue: where each dollar of revenue goesTrueBlue: where each dollar of revenue goesCost of revenue79¢Gross profit21¢Operating expenses18¢Operating profit2¢Income tax0¢Net earnings2¢

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$521M100.0%
Cost of revenue$414M79.5%
Gross profit$107M20.5%
Operating expenses$95.0M18.2%
Operating profit$12.0M2.3%
Income tax$1.0M0.2%
Net earnings$9.2M1.8%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$521M+21%
Q2 2026$443M+12%
Q1 2026$399M+8%
Q4 2025$418M+8%
Q3 2025$431M+13%
Q2 2025$396M0%
Q1 2025$370M-8%

From TrueBlue's 10-Q filed Nov 4, 2026 (on EDGAR).

Questions

How does TrueBlue make money?

TrueBlue (TBI) made $521M of revenue in the third quarter 2026 (Q3 2026), +21% from a year earlier. Of every dollar of revenue, 21¢ was left as gross profit, 2¢ was left as operating profit, 2¢ was left as net earnings.

What is TrueBlue's profit margin?

Net earnings were $9.2M, 1.8% of revenue, in the third quarter 2026; the operating margin was 2.3%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.