NYSE$FTRE

Fortrea Holdings Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Fortrea Holdings Inc reported Q2 2025 results with revenue of $710.3 million and a net loss of $374.9 million.

Fortrea Holdings Inc recorded revenues of $710.3 million for the three months ended June 30, 2025, up 7.2% year-over-year. The company reported an operating loss of $330.3 million, driven by a $309.1 million goodwill impairment charge, and a net loss of $374.9 million. Cash and cash equivalents stood at $81.2 million at period end.

  • Q2 2025 revenues reached $710.3 million, a 7.2% increase from $662.4 million in Q2 2024, with organic growth of 6.6%.
  • Net loss widened to $374.9 million due to a $309.1 million goodwill impairment in the Clinical Development reporting unit.
  • Backlog stood at $7.5 billion as of June 30, 2025.
  • Cash and cash equivalents declined to $81.2 million from $118.5 million at December 31, 2024.

Headline financials

Total Revenue

$710M

Previous: $662M+7.2%
EPS (adj)

-$4.14

Previous: -$1.55-167.1%
Backlog

7.5B

No prior period
Capital Expenditures

-$7.5M

Previous: -$11.2M+33.0%
Net Income

-$375M

Previous: -$138M-170.9%
Operating Income

-$330M

Previous: -$50.9M-548.9%
Cash & Equivalents

$81.2M

Previous: $126M-35.7%
Total Assets

$2.84B

Previous: $3.57B-20.5%

Revenue & EPS history

Fortrea · Revenue · Quarterly

$710M

Q2 2025+7.2%vs Q2 2024
Beat estimate in 6 of 12 quarters(50%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 15 quarterly earnings reports

Historical avg

+1.3%

Avg return

Earnings day

-0.8%

Avg return

5 days after

+0.5%

Avg return

30 days after

53%

8 / 15 earnings

Positive

+26.0%

Q3 2024

Best reaction

-25.1%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026+18.5%+25.9%+40.5%
Q4 2025+4.9%+1.4%-12.3%
Q3 2025+23.4%+15.3%+46.8%
Q1 2025-15.6%-27.8%-11.7%
Q4 2024-25.1%-22.9%-45.8%
Q3 2024+26.0%+17.9%+20.1%
Q2 2024-11.7%-11.4%-18.4%
Q1 2023-1.9%-3.9%-9.9%
Q1 2024-12.7%-16.6%-24.8%
Q4 2021+3.0%+4.9%+2.7%
Q4 2023+3.2%+6.7%+6.0%
Q3 2022+15.1%-6.6%-4.0%
Q3 2023+15.1%+13.0%+14.1%
Q2 2022-11.3%+6.7%+9.5%
Q2 2023-11.3%-14.9%-5.9%
Q1 2022

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