Every 10-Q that Trueblue, Inc. (TBI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow TBI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TBI filings page.
TrueBlue, Inc. reported fiscal second-quarter 2026 revenue from services of $443,001 (in thousands), an 11.8% increase from $396,299 (in thousands) a year earlier, led by growth in skilled energy and commercial driving businesses. Gross profit declined to $91,582 (in thousands) and margin narrowed to 20.7% from 23.6%, mainly due to higher workers’ compensation costs, a shift toward lower-margin staffing, and the absence of prior-year COVID-19 subsidy benefits.
Selling, general and administrative expense fell 6.6% to $83,831 (in thousands), yet the company posted a net loss of $3,369 (in thousands) versus a $160 (in thousands) loss in the prior-year quarter, as interest and other swung to a $1,320 (in thousands) net expense. Year-to-date results include a $3,656 (in thousands) non-cash goodwill impairment tied to the Healthcare Staffing Professionals reporting unit and a $3,026 (in thousands) non-cash loss on the Tacoma headquarters classified as held-for-sale. Liquidity consisted of $23,253 (in thousands) of cash and cash equivalents, $82,400 (in thousands) of long-term debt and $56,200 (in thousands) of unused borrowing base under the $175,000 (in thousands) Amended Revolving Credit Facility, for total liquidity of $79,453 (in thousands).
TrueBlue, Inc. reported mixed results for the fiscal first quarter of 2026. Revenue from services rose 7.6% to $398.6 million, driven mainly by strong growth in the skilled staffing businesses, particularly energy and commercial driving. PeopleReady revenue grew 18.9%, PeopleSolutions rose 1.8%, while PeopleManagement declined 6.1% as on-site volumes softened.
Profitability weakened. Gross profit fell 8.5% to $79.0 million, and gross margin contracted to 19.8% from 23.3%, largely due to higher workers’ compensation costs and a shift toward lower-margin staffing. A $3.7 million non-cash goodwill impairment on the Healthcare Staffing Professionals reporting unit and higher interest expense contributed to a net loss of $19.8 million, or $(0.66) per diluted share, compared with a loss of $14.3 million, or $(0.48) per share a year earlier.
Cost controls partly offset these headwinds, with SG&A down 7.7% to $87.3 million, improving as a percentage of revenue. Workers’ compensation reserve balances decreased as claims were paid, and total workers’ compensation cost increased to $10.1 million. As of March 29, 2026, TrueBlue held $24.1 million of cash and cash equivalents and $73.9 million of debt, with total liquidity of $60.2 million under its amended revolving credit facility.
TrueBlue, Inc. reported Q3 2025 results with revenue from services of $431,266,000 and a net loss of $1,916,000. Gross profit was $97,892,000 and income from operations was a slight loss of $146,000. For the first thirty‑nine weeks, revenue totaled $1,197,819,000 with a net loss of $16,424,000.
The company closed the HSP acquisition on January 31, 2025 for cash consideration of $35.2 million. HSP contributed $41.9 million of revenue and $1.1 million of income from operations year‑to‑date. TrueBlue recognized payroll tax credits of $3.2 million in cost of services and $6.0 million in SG&A, and reversed $2.1 million of related interest.
As of September 28, 2025, long‑term debt was $68.2 million on the revolving credit facility; cash and cash equivalents were $19,893,000 and restricted cash and investments were $149,691,000. Workers’ compensation reserves, net of discount, were $102,895,000. A shareholder rights agreement was adopted on May 14, 2025. Subsequent to quarter‑end, a Chicago support center sublease was executed; the company expects a material non‑cash impairment in Q4 2025 related to that asset group.