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Trueblue TBI Service — Cost of Services

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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 us-gaap:CostOfGoodsAndServicesSold.

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 service — cost of services?
Trueblue (TBI) reported service — cost of services of $318.54M in Q1 2026.
How has Trueblue's service — cost of services changed year-over-year?
Trueblue's service — cost of services increased by 12.6% year-over-year, from $282.84M to $318.54M.
What is the long-term trend for Trueblue's service — cost of services?
Over 3 years (2022 to 2025), Trueblue's service — cost of services has grown at a -9.0% compound annual growth rate (CAGR), from $1.65B to $1.25B.
What does service — cost of services mean?
This metric represents the direct costs incurred to deliver staffing and workforce management services within the reporting segment. It primarily includes the wages, payroll taxes, and benefits paid to temporary workers and contingent staff deployed to client sites. Monitoring this figure helps investors assess the direct variable cost structure and operational efficiency of the company's labor-based service delivery model.