SequelSEC

Fortrea Holdings Inc. FTRE

Services-Medical Laboratories · CIK 0001965040 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$2.72B
Fiscal year ended 2025-12-31
Operating income
-$872.60M
Fiscal year ended 2025-12-31
Free cash flow
Unavailable
Fiscal year ended 2025-12-31

Fortrea Holdings Inc. (FTRE) reported revenue of $2.72B and net income of -$986.20M for the fiscal year ended 2025-12-31. This page shows 5 annual periods of income statement, balance sheet and cash flow figures normalized from Fortrea Holdings Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Medical Laboratories.

Income

Fortrea Holdings Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue$2.72B$2.70B$2.84B$2.84B$3.06B
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailable
Operating income-$872.60M-$161.90M$32.00M$187.10M$114.30M
Net income-$986.20M-$328.50M-$25.20M$186.20M$98.00M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesUnavailableshares 89.50Mshares 88.80Mshares 88.80Mshares 88.80M
Pretax income-$983.00M-$275.00M-$30.50M$187.00M$136.40M
Income tax expense$3.20M-$3.50M$1.20M$41.10M$38.40M
Diluted EPS$-10.81$-3.67$-0.29$2.09$1.10
Selling, general & administrative$456.40M$560.70M$448.10M$416.10M$303.10M
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

Fortrea Holdings Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-31
Cash & equivalents$174.60M$118.50M$108.60M$112.00MUnavailable
Total assets$2.72B$3.58B$4.33B$4.29BUnavailable
Current assets$897.20M$948.20M$1.25B$1.25BUnavailable
Total liabilities$2.15B$2.22B$2.62B$945.30MUnavailable
Current liabilities$913.30M$949.50M$778.40M$699.00MUnavailable
Total equity incl. NCI$563.50M$1.36B$1.71B$3.34B$3.26B
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivableUnavailableUnavailableUnavailableUnavailableUnavailable
Goodwill$960.00M$1.71B$1.74B$1.71B$2.08B
Long-term debt$1.05B$1.05B$1.57B$0Unavailable
Accounts payable$29.70M$138.20M$132.90M$81.50MUnavailable

Cash flow

Fortrea Holdings Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-31
Operating cash flow$113.50M$262.80M$168.40M$82.70M$169.80M
Capital expendituresUnavailableUnavailableUnavailableUnavailableUnavailable
Investing cash flow$14.40M$251.60M-$31.80M-$54.00M-$26.20M
Financing cash flow-$76.30M-$497.80M-$140.80M-$6.30M-$128.50M
Net change in cash$56.10M$9.90M-$1.80M$15.80M$14.30M
Stock-based compensation$74.40M$58.40M$42.70M$25.40M$27.50M
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortization$78.00M$86.90M$98.00M$93.60M$166.30M

Derived

Fortrea Holdings Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-31
Free cash flowUnavailableUnavailableUnavailableUnavailableUnavailable
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailable
Operating margin-32.0%-6.0%1.1%6.6%3.7%
FCF marginUnavailableUnavailableUnavailableUnavailableUnavailable
SBC / revenue2.7%2.2%1.5%0.9%0.9%
Current ratio0.98x1.00x1.61x1.78xUnavailable
Revenue YoY growth1.0%-5.1%0.2%-7.2%Unavailable
Net margin-36.2%-12.2%-0.9%6.6%3.2%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenueUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt / equity1.86xUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailable22.0%28.2%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open FTRE in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-07-29View SEC filing
10-Q · Filed 2026-05-05View SEC filing
10-K · Filed 2026-02-26View SEC filing
10-Q · Filed 2025-11-05View SEC filing
10-Q · Filed 2025-08-06View SEC filing
10-Q · Filed 2025-05-12View SEC filing

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Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.