TrueBlue Inc. Reports Flat Revenue at $396 Million and Zero Net Loss for Q2 2025; Adjusted EPS Improves to -$0.07 from -$0.35
TrueBlue Inc. $(TBI)$ has announced its second quarter results for 2025, reporting revenue of $396 million, consistent with the same period in the previous year. The company noted a net loss of $0 million, a significant improvement from a net loss of $105 million in the prior year period, which had included $100 million in non-cash impairment and tax valuation charges. TrueBlue's SG&A expense improved by 7 percent, down to $90 million from $97 million in the previous year. The company reported an adjusted EBITDA increase to $3 million from $1 million in the same period last year. The company ended the period with $22 million in cash, $54 million in debt, and $79 million of borrowing availability, totaling $101 million in liquidity. TrueBlue's President and CEO, Taryn Owen, expressed optimism about the company's growth prospects, highlighting double-digit growth in skilled businesses and expectations for company-wide growth in the third quarter. The company is focusing on retaining and expanding existing client relationships while investing in proprietary technologies to drive long-term, profitable growth. TrueBlue is also strengthening its position in skilled trades and building momentum in markets such as healthcare and energy.
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