The financials
Fortrea Holdings Inc. by the numbers
Fortrea Holdings Inc. (FTRE) reported revenue of $637M in Q1 2026 (quarter ended Mar 31, 2026), down 2.3% from the same quarter a year earlier. That came with a gross margin of 19% and net loss of $24M. For the full year FY2025, revenue was $2.72B (+1.0% year on year) and net income −$986M. Its largest region in Jun 2026 was North America at $320M, 47% of the disclosed total, ahead of Europe at 32%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $637M | $651M | −2.3% |
| Gross profit | $124M | $117M | +6.1% |
| Operating income | −$3.4M | −$520M | n/a |
| Net income | −$24M | −$563M | n/a |
| Diluted EPS | −$0.25 | −$6.25 | n/a |
| Geographic | Revenue | Share |
|---|---|---|
| North America | $320M | 47% |
| Europe | $220M | 32% |
| Other Geographical Areas | $139M | 20% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Jun 2026Total $678.2M (+6.6%)
Europe grew +0.46% year on yearNorth America -7.1% year on year
Segment Latestquarter on quarteryear on year
- North America$319.7M$319.7MQoQ +7.7%year on year -7.1%+7.7%-7.1%
- Europe$219.7M$219.7MQoQ +2.7%year on year +0.46%+2.7%+0.46%
- Other Geographical Areas$138.8M$138.8MQoQ +10%year on year -5.8%+10%-5.8%