TrueBlue, Inc. (TBI) Financial Statements
Industry: Help Supply Services (Services)
In fiscal 2025, TrueBlue reported revenue of $1.62B, up 3.1% from $1.57B the year before. Net income was -$48.0M (a -3.0% net margin), or -$1.61 per diluted share. Gross margin was 22.8% and operating margin was -2.9%. Operating activities generated -$58.0M of cash, leaving -$73.7M of free cash flow. At fiscal year end, TrueBlue held $638.7M in total assets against $364.1M in total liabilities, including $24.5M of cash and equivalents.
Open the full interactive TrueBlue financials → Quarterly statements, key ratios, valuation history and price charts.
TrueBlue Key Stats
| Share Price | $8.83 |
|---|---|
| Market Cap | $268.6M |
| Revenue YoY Growth | +3.1% |
| 52-Week Range | $3.31 – $10.85 |
| Shares Outstanding | 30.4 million (basic, 2026 Q2) |
TrueBlue Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.85B | $2.17B | $2.25B | $1.91B | $1.57B | $1.62B |
| Cost of Goods Sold | $1.41B | $1.61B | $1.65B | $1.40B | $1.16B | $1.25B |
| Gross Profit | $440.6M | $560.3M | $602.1M | $506.1M | $406.4M | $367.8M |
| Operating Income | -$174.9M | $68.4M | $72.2M | -$23.9M | -$92.8M | -$46.6M |
| Pre-Tax Income | -$173.3M | $73.8M | $73.4M | -$20.6M | -$88.5M | -$45.6M |
| Income Tax | -$31.4M | $12.2M | $11.1M | -$6.5M | $37.2M | $2.3M |
| Net Income | -$141.8M | $61.6M | $62.3M | -$14.2M | -$125.7M | -$48.0M |
| Diluted EPS | -$4.01 | $1.74 | $1.86 | -$0.45 | -$4.17 | -$1.61 |
TrueBlue Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $431.3M | $418.2M | $398.6M | $443.0M |
| Net Income | -$1.9M | -$31.5M | -$19.8M | -$3.4M |
| Diluted EPS | -$0.06 | -$1.06 | -$0.66 | -$0.11 |
TrueBlue Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $62.5M | $49.9M | $72.1M | $61.9M | $22.5M | $24.5M |
| Current Assets | $378.9M | $445.1M | $430.2M | $355.0M | $277.1M | $297.6M |
| Total Assets | $980.6M | $1.03B | $1.02B | $899.4M | $675.4M | $638.7M |
| Current Liabilities | $269.0M | $258.5M | $242.9M | $204.1M | $160.1M | $138.5M |
| Total Long-Term Debt | — | — | — | — | $7.6M | $65.8M |
| Total Liabilities | $543.4M | $540.2M | $523.1M | $441.5M | $360.0M | $364.1M |
| Shareholders' Equity | $437.2M | $493.1M | $496.3M | $457.9M | $315.4M | $274.6M |
TrueBlue Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $152.5M | $20.4M | $120.5M | $34.8M | -$17.1M | -$58.0M |
| Cash From Investing | -$34.4M | -$16.2M | -$20.9M | -$32.3M | -$2.5M | -$16.1M |
| Cash From Financing | -$92.5M | -$19.1M | -$64.7M | -$37.6M | -$17.1M | $57.1M |
| Free Cash Flow | $125.5M | -$14.6M | $89.9M | $3.5M | -$41.2M | -$73.7M |
Figures from TrueBlue's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full TrueBlue financials page for every line item.
TrueBlue Company Profile
| Ticker | TBI |
|---|---|
| Exchange | NYSE |
| Industry | Help Supply Services (Services) |
| Headquarters | Tacoma, Washington |
| Incorporated in | Washington |
| Fiscal Year End | December 27 |
| SEC Filer Category | Accelerated filer, smaller reporting company |
| SEC CIK | 0000768899 |
Frequently Asked Questions
What was TrueBlue's revenue in fiscal 2025?
TrueBlue (TBI) reported revenue of $1.62B for fiscal 2025.
What is TrueBlue's annual revenue history?
TrueBlue's annual revenue by fiscal year: 2020: $1.85B; 2021: $2.17B; 2022: $2.25B; 2023: $1.91B; 2024: $1.57B; 2025: $1.62B.
What was TrueBlue's net income in fiscal 2025?
TrueBlue reported net income of -$48.0M for fiscal 2025.
What was TrueBlue's earnings per share (EPS) in fiscal 2025?
TrueBlue's diluted EPS was -$1.61 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did TrueBlue generate in fiscal 2025?
TrueBlue generated -$73.7M of free cash flow in fiscal 2025.
What was TrueBlue's revenue last quarter?
In its most recent reported quarter (2026 Q2), TrueBlue reported revenue of $443.0M.
How much debt does TrueBlue have?
TrueBlue reported $65.8M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of TrueBlue are outstanding?
TrueBlue reported a weighted average of 30.4 million basic shares outstanding in 2026 Q2.
What is TrueBlue's market cap?
Based on its latest closing price, TrueBlue (TBI) has a market capitalization of about $268.6M.
When does TrueBlue's fiscal year end?
TrueBlue's fiscal year end, as registered with the SEC, is December 27.
Where is TrueBlue headquartered?
TrueBlue lists its business address in Tacoma, Washington in its SEC filings.