0000768899-26-000009
SEC filingTrueBlue, Inc. reported a net loss of $48.0 million for fiscal year 2025, driven by an operating loss of $46.6 million despite generating $1.62 billion in revenue. The company's gross profit was $367.8 million, but selling, general and administrative expenses of $371.1 million, along with impairment charges totaling $18.6 million, resulted in negative operating income. Cash flow from operations was negative $58.0 million, while investing activities used $16.1 million primarily for business acquisitions and capital expenditures. Financing activities provided $57.1 million, mainly from net changes in the revolving credit facility. The company ended the year with $638.7 million in total assets, $364.1 million in total liabilities, and shareholders' equity of $274.6 million. Comprehensive loss for the year was $47.4 million.
TrueBlue, Inc. reported challenging financial results for fiscal year 2025, with a net loss of $48.0 million on revenue of $1.62 billion. The company generated gross profit of $367.8 million from its services, representing a gross margin of 22.7%. However, selling, general and administrative expenses of $371.1 million exceeded gross profit, resulting in an operating loss of $46.6 million. The company recorded impairment charges totaling $18.6 million, including $18.4 million for long-lived assets held-for-use and $200,000 for goodwill and intangible assets. Comprehensive loss for the year was $47.4 million, which includes other comprehensive income of $546,000 from foreign currency translation adjustments.
The company reported revenue from services of $1.62 billion for fiscal year 2025. The document does not provide segment breakdowns, geographic mix, or specific growth drivers for revenue. Cost of services was $1.25 billion, resulting in gross profit of $367.8 million. No comparative prior period revenue figures are provided in the available data, preventing year-over-year growth analysis. The company's revenue generation appears to be from its core services business, though specific service lines or customer segments are not detailed in the provided financial data.
TrueBlue's gross margin for fiscal year 2025 was 22.7%, calculated from $367.8 million gross profit on $1.62 billion revenue. The company reported negative operating margin of -2.9%, resulting from operating loss of $46.6 million. Selling, general and administrative expenses of $371.1 million represented 22.9% of revenue, exceeding the gross profit margin. Depreciation and amortization expenses totaled $24.8 million, while impairment charges of $18.6 million significantly impacted profitability. The company's cost structure shows substantial operating expenses relative to gross profit, contributing to the overall loss position.
The company reported negative operating cash flow of $58.0 million for fiscal year 2025, driven by net loss of $48.0 million adjusted for non-cash items including $28.9 million depreciation and amortization, $18.4 million impairment charges, and $7.3 million stock-based compensation. Investing activities used $16.1 million primarily for business acquisitions ($30.1 million) and capital expenditures ($15.7 million), partially offset by investment sales. Financing activities provided $57.1 million mainly from net changes in the revolving credit facility. The balance sheet shows total assets of $638.7 million, including $297.6 million current assets and $73.1 million property and equipment. Total liabilities were $364.1 million with $65.8 million long-term debt, resulting in shareholders' equity of $274.6 million.
The provided financial data does not include management guidance, strategic priorities, or specific risk factors from the filing. The company's financial performance shows challenges with profitability and cash generation, with net loss of $48.0 million and negative operating cash flow of $58.0 million. The balance sheet indicates liquidity with $24.5 million cash and cash equivalents, though the company utilized its revolving credit facility during the year. No forward-looking statements or outlook information is available in the provided financial data sections.