Trueblue, Inc. income statement
In fiscal 2025, Trueblue, Inc. reported revenue of $1.62bn, up 3.1% on the year before, operating income of −$46.6m (a -2.9% margin) and net income of −$48.0m, or −$1.61 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2015Dec 2015 | 2016Jan 2017 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 354 | 2,751 | 2,509 | 2,499 | 2,369 | 1,846 | 2,174 | 2,254 | 1,906 | 1,567 | 1,616 | 1,691 |
| Cost of revenue | — | 2,071 | 1,874 | 1,844 | 1,749 | 1,406 | 1,613 | 1,652 | 1,400 | 1,161 | 1,248 | 1,332 |
| Gross profit | 636 | 680 | 634 | 655 | 620 | 441 | 560 | 602 | 506 | 406 | 368 | 359 |
| Selling, general and administrative | 496 | 546 | 511 | 540 | 516 | 408 | 464 | 501 | 495 | 411 | 371 | 358 |
| Operating income | 98 | −17 | 78 | 74 | 66 | −175 | 68 | 72 | −24 | −93 | −47 | −49 |
| Interest expense | 4 | 7 | 5 | 5 | 3 | — | — | — | — | — | — | — |
| Income before tax | 96 | −20 | 78 | 76 | 70 | −173 | 74 | 73 | −21 | −89 | −46 | −53 |
| Income tax | 25 | −5 | 22 | 10 | 7 | −31 | 12 | 11 | −6 | 37 | 2 | 3 |
| Net income | 71 | −15 | 55 | 66 | 63 | −142 | 62 | 62 | −14 | −126 | −48 | −57 |
| Diluted EPS | $1.71 | −$0.37 | $1.34 | $1.63 | $1.61 | −$4.01 | $1.74 | $1.86 | −$0.45 | −$4.17 | −$1.61 | −$1.88 |
| Diluted shares (average) | 42m | 42m | 41m | 40m | 39m | 35m | 35m | 33m | 31m | 30m | 30m | 30m |
| EBITDA | 140 | 30 | 124 | 115 | 104 | −143 | 96 | 101 | 2 | −63 | −18 | −21 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 382 | 386 | 370 | 396 | 431 | 418 | 399 | 443 |
| Cost of revenue | 282 | 283 | 284 | 303 | 333 | 328 | 320 | 351 |
| Gross profit | 100 | 103 | 86 | 94 | 98 | 90 | 79 | 92 |
| Selling, general and administrative | 100 | 107 | 95 | 90 | 92 | 95 | 87 | 84 |
| Operating income | −7 | −10 | −14 | −3 | −0 | −29 | −18 | −1 |
| Income before tax | −6 | −10 | −14 | −0 | −1 | −30 | −19 | −2 |
| Income tax | 1 | 2 | 0 | 0 | 1 | 1 | 1 | 1 |
| Net income | −8 | −12 | −14 | −0 | −2 | −32 | −20 | −3 |
| Diluted EPS | −$0.26 | −$0.42 | −$0.48 | −$0.01 | −$0.06 | −$1.06 | −$0.66 | −$0.11 |
| EBITDA | 0 | −3 | −7 | 5 | 7 | −22 | −11 | 5 |
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