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Fortrea Holdings Inc. FTRE Goodwill And Intangible Asset Impairment

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Segments

By segment

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Clinical Services Segment$0-100%

Other financials

Income statement

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Revenue$678.2M-4.5%
Gross profit$139.2M+4.3%
Operating income$14.8M+104%
Net income-$13.2M+96.5%
EPS (diluted)-$0.14+96.6%

Balance sheet

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Cash & equivalents$168.6M+108%
Total debt$1.1B-10.0%
Total equity$524.2M-11.0%
Total assets$2.7B-4.2%

Cash flow

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Operating cash flow$28.9M
CapEx$9.0M+20.0%
Free cash flow-$25.0M+80.3%

Valuation

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Market cap$1.68B+182%
Enterprise value$2.63B+49.9%
P/S0.6×+0.4×

Profitability

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Gross margin19.3%-0.4pp
Operating margin-0.4%-0.2pp
Net margin-3.2%-1.5pp
FCF margin5.8%+2.0pp

Returns & leverage

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Return on equity-15.3%-7.0pp
Debt / equity2.1×0.0×
Current ratio-0.1×

Where this comes from

Reported directly by Fortrea Holdings Inc. in its filing.

Tagged under the XBRL concept us-gaap:GoodwillAndIntangibleAssetImpairment.

The source filing: Fortrea Holdings Inc.’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:03 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050597
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Direct costs, exclusive of depreciation and amortization539.0576.81,051.91,111.6
Selling, general and administrative expenses, exclusive of depreciation and amortization102.1124.8202.6246.6
Depreciation and amortization19.619.639.439.1
Goodwill and other asset impairments309.1797.9
Restructuring and other charges2.710.39.416.8
Total costs and expenses663.41,040.61,303.32,212.0
Operating income (loss)14.8(330.3)11.4(850.4)
Other income (expense):

Item 1. [Financial Statements (unaudited)](#i3eb220eb1643431ca98f46fb63169304_13)

FAQ

What is Fortrea Holdings Inc.'s goodwill and intangible asset impairment?
Fortrea Holdings Inc. (FTRE) reported goodwill and intangible asset impairment of $0 in Q2 2026.
How has Fortrea Holdings Inc.'s goodwill and intangible asset impairment changed year-over-year?
Fortrea Holdings Inc.'s goodwill and intangible asset impairment decreased by 100.0% year-over-year, from $309.1M to $0.
What does goodwill and intangible asset impairment mean?
This metric represents the non-cash charge recognized when the carrying value of goodwill or intangible assets exceeds their fair market value. It serves as a critical indicator of potential overpayment for past acquisitions or a significant decline in the long-term economic outlook for specific business units. Investors monitor this to assess management's capital allocation discipline and the accuracy of historical asset valuations.

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