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Segments

By geography

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North America$319.7M-7.1%
Europe$219.7M+0.5%
Other$138.8M-5.8%

By segment

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Clinical Services Segment$678.2M-4.5%

Other financials

Income statement

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Revenues$678.2$710.3$1,314.7$1,361.6
Costs and expenses:
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

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

FAQ

What is Fortrea Holdings Inc.'s total revenue?
Fortrea Holdings Inc. (FTRE) reported total revenue of $678.2M in Q2 2026.
How has Fortrea Holdings Inc.'s total revenue changed year-over-year?
Fortrea Holdings Inc.'s total revenue decreased by 4.5% year-over-year, from $710.3M to $678.2M.
What is the long-term trend for Fortrea Holdings Inc.'s total revenue?
Over 4 years (2021 to 2025), Fortrea Holdings Inc.'s total revenue has grown at a -2.9% compound annual growth rate (CAGR), from $3.06B to $2.72B.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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