What is Fortrea Holdings Inc.'s unbilled revenue?

Fortrea Holdings Inc. (FTRE) reported unbilled revenue of $527.5M in Q1 2026.

How has Fortrea Holdings Inc.'s unbilled revenue changed year-over-year?

Fortrea Holdings Inc.'s unbilled revenue decreased by 9.1% year-over-year, from $580.6M to $527.5M.

What is the long-term trend for Fortrea Holdings Inc.'s unbilled revenue?

Over 3 years (2022 to 2025), Fortrea Holdings Inc.'s unbilled revenue has grown at a -4.1% compound annual growth rate (CAGR), from $585.7M to $517.3M.

Fortrea Holdings Inc. FTRE Unbilled Revenue

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Other financials

Income statement

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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

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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

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Operating cash flow-$17.0M+86.3%

CapEx$8.0M+176%

Free cash flow-$25.0M+80.3%

Valuation

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Market cap$1.61B+29.3%

Enterprise value$2.58B-0.8%

P/S0.6×+0.1×

Profitability

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Gross margin18.9%-1.3pp

Operating margin-13.1%-4.1pp

Net margin-16.5%-5.0pp

FCF margin5.8%+1.7pp

Returns & leverage

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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 us-gaap:ContractWithCustomerAssetGrossCurrent.

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

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Questions, answered.

What is Fortrea Holdings Inc.'s unbilled revenue?: Fortrea Holdings Inc. (FTRE) reported unbilled revenue of $527.5M in Q1 2026.
How has Fortrea Holdings Inc.'s unbilled revenue changed year-over-year?: Fortrea Holdings Inc.'s unbilled revenue decreased by 9.1% year-over-year, from $580.6M to $527.5M.
What is the long-term trend for Fortrea Holdings Inc.'s unbilled revenue?: Over 3 years (2022 to 2025), Fortrea Holdings Inc.'s unbilled revenue has grown at a -4.1% compound annual growth rate (CAGR), from $585.7M to $517.3M.