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Trueblue TBI Non-cash lease expense

Non-cash lease expense at other companies

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Other financials

Income statement

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Revenue$398.6M+7.6%
Gross profit$79.0M-8.5%
Operating income-$17.8M-26.4%
Net income-$19.8M-38.0%
EPS (diluted)-$0.66-37.5%

Balance sheet

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Cash & equivalents$24.1M+4.7%
Total debt$130.4M+13.2%
Total equity$256.1M-15.3%
Total assets$620.7M-10.4%

Cash flow

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Operating cash flow-$9.8M+55.8%
CapEx$2.8M-39.6%
Free cash flow-$12.6M+52.9%

Valuation

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Market cap$205.23M+4.8%
Enterprise value$311.53M+9.7%
P/S0.1×0.0×

Profitability

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Gross margin21.9%-3.7pp
Operating margin-3.1%-1.0pp
Net margin-3.2%-1.3pp
FCF margin-3.6%+0.8pp

Returns & leverage

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Return on equity-19.1%-6.2pp
Debt / equity0.5×+0.1×
Current ratio2.1×+0.3×

Where this comes from

Reported directly by Trueblue in its filing.

Tagged under the XBRL concept tbi:LeaseCostNoncashExpense.

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

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Questions, answered.

What is Trueblue's non-cash lease expense?
Trueblue (TBI) reported non-cash lease expense of $2.61M in Q1 2026.
How has Trueblue's non-cash lease expense changed year-over-year?
Trueblue's non-cash lease expense decreased by 5.1% year-over-year, from $2.75M to $2.61M.
What is the long-term trend for Trueblue's non-cash lease expense?
Over 4 years (2021 to 2025), Trueblue's non-cash lease expense has grown at a -6.6% compound annual growth rate (CAGR), from $14.45M to $11.01M.
What does non-cash lease expense mean?
This represents the non-cash portion of operating lease expenses recognized in the income statement. It reflects the amortization of right-of-use assets without impacting immediate cash flow from operations. Monitoring this helps analysts distinguish between actual cash outflows for rent and accounting-driven lease expenses.