The financials
Fortrea Holdings Inc. by the numbers
Fortrea Holdings Inc. (FTRE) reported revenue of $637M in Q1 2026 (quarter ended March 31, 2026), down 2.3% from the same quarter a year earlier. That came with a gross margin of 19% and net loss of $24M. For the full year FY2025, revenue was $2.72B (+1.0% year on year) and net income −$986M. Its largest region in 2026-Q1 was North America at $297M, 47% of the disclosed total, just ahead of Europe at 34%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $637M | $651M | −2.3% |
| Gross profit | $124M | $117M | +6.1% |
| Operating income | −$3.4M | −$520M | n/a |
| Net income | −$24M | −$563M | n/a |
| Diluted EPS | −$0.25 | −$6.25 | n/a |
| Geographic | Revenue | Share |
|---|---|---|
| North America | $297M | 47% |
| Europe | $214M | 34% |
| Other Geographical Areas | $126M | 20% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Q1 2026Total $636.5M (-9.2%)
Europe grew +6.8% year on yearOther Geographical Areas -11% year on year
Segment Latestquarter on quarteryear on year
- North America$296.8M$296.8MQoQ -11%year on year -4.1%-11%-4.1%
- Europe$213.9M$213.9MQoQ +0.33%year on year +6.8%+0.33%+6.8%
- Other Geographical Areas$125.8M$125.8MQoQ -19%year on year -11%-19%-11%