Skip to content

Fortrea Holdings Inc. FTRE Accounts receivable and unbilled services, net

Accounts receivable and unbilled services, net at other companies

IQVIA logo
IQVIAIQV
$3.35B+2.4%
Quest Diagnostics logo
Quest DiagnosticsDGX
$1.59B+13.0%
Flywire Corporation logo
Flywire CorporationFLYW
$14.87M+30.1%
SoundHound AI, Inc. logo
SoundHound AI, Inc.SOUN
$32.75M+52.9%
IonQ logo
IonQIONQ
$98.2M+937%
LPL Financial Holdings logo
LPL Financial HoldingsLPLA
$866.5M+41.2%

Other financials

Income statement

See full
Revenue$636.5M-2.3%
Gross profit$123.6M+6.1%
Operating income-$3.4M+99.3%
Net income-$23.6M+95.8%
EPS (diluted)-$0.25+96.0%

Balance sheet

See full
Cash & equivalents$147.5M+45.2%
Total debt$1.1B-13.1%
Total equity$525.9M-38.8%
Total assets$2.7B-14.0%

Cash flow

See full
Operating cash flow-$17.0M+86.3%
CapEx$8.0M+176%
Free cash flow-$25.0M+80.3%

Valuation

See full
Market cap$1.56B+29.3%
Enterprise value$2.53B-0.8%
P/S0.6×+0.1×

Profitability

See full
Gross margin18.9%-1.3pp
Operating margin-13.1%-4.1pp
Net margin-16.5%-5.0pp
FCF margin5.8%+1.7pp

Returns & leverage

See full
Return on equity-64.5%0.0pp
Debt / equity2.1×+0.6×
Current ratio0.9×0.0×

Where this comes from

Reported directly by Fortrea Holdings Inc. in its filing.

Tagged under the XBRL concept ftre:AccountsReceivableAndContractWithCustomerAssetAfterAllowanceForCreditLossCurrent.

The official record: Fortrea Holdings Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

Ask your AI about Fortrea Holdings Inc.'s accounts receivable and unbilled services, net.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is Fortrea Holdings Inc.'s accounts receivable and unbilled services, net?
Fortrea Holdings Inc. (FTRE) reported accounts receivable and unbilled services, net of $619.6M in Q1 2026.
How has Fortrea Holdings Inc.'s accounts receivable and unbilled services, net changed year-over-year?
Fortrea Holdings Inc.'s accounts receivable and unbilled services, net decreased by 15.0% year-over-year, from $729M to $619.6M.
What is the long-term trend for Fortrea Holdings Inc.'s accounts receivable and unbilled services, net?
Over 3 years (2022 to 2025), Fortrea Holdings Inc.'s accounts receivable and unbilled services, net has grown at a -16.8% compound annual growth rate (CAGR), from $1.02B to $589.7M.
What does accounts receivable and unbilled services, net mean?
This metric represents the total value of trade receivables and accrued revenue for services performed where the company has an unconditional right to consideration but has not yet issued an invoice. It reflects the company's ability to convert clinical trial service delivery into cash and serves as a key indicator of working capital efficiency. High balances relative to revenue may signal potential delays in client billing processes or credit risk within the biopharma customer base.