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AI brief of an SEC Form 8-K · Fortrea (FTRE)

Fortrea 2025 net loss $986.2 million on impairment; issues 2026 guidance

Mixed Impact 4 of 5 earnings Written later

Fortrea reported fourth-quarter and full-year 2025 results and issued 2026 guidance. Full-year revenue rose to $2,723.4 million, but the net loss reached $986.2 million after an $797.9 million goodwill impairment, and full-year adjusted EBITDA fell to $189.9 million from $202.5 million. The company guided 2026 revenue of $2,550 million to $2,650 million and adjusted EBITDA of $190 million to $220 million.

Key points

  • Fourth-quarter revenue was $660.5 million, down from $697.0 million a year earlier; fourth-quarter adjusted diluted EPS was $0.09 versus $0.18.
  • Full-year 2025 GAAP net loss was $(986.2) million, or $(10.81) per diluted share, including a $797.9 million goodwill impairment recognized in the first half of 2025.
  • Full-year 2025 adjusted diluted EPS was $0.43, up from $0.33 in 2024; adjusted EBITDA was $189.9 million versus $202.5 million.
  • 2026 guidance: revenue of $2,550 million to $2,650 million and adjusted EBITDA of $190 million to $220 million; earnings call set for 8:00 am ET on February 26, 2026.

The filing

CompanyFortrea (FTRE)
Form8-K, current report
Filed with the SECFeb 26, 2026, 6:05 AM ET
Accession number0001628280-26-011942

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 26, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.