Fortrea Q2 net loss widens to $374.9 million on goodwill charge; raises revenue outlook
Fortrea reported second-quarter 2025 revenue of $710.3 million, up from $662.4 million a year earlier, and raised its 2025 revenue guidance to $2.6 billion to $2.7 billion. The company also posted a GAAP net loss of $374.9 million, which included a $309.1 million non-cash goodwill impairment, and it affirmed 2025 adjusted EBITDA guidance of $170 million to $200 million. The new CEO, Anshul Thakral, joined on August 4, 2025.
Key points
- Q2 revenue was $710.3 million, compared with $662.4 million in Q2 2024.
- GAAP net loss was $374.9 million, or $(4.14) per diluted share, including a $309.1 million goodwill impairment charge.
- Adjusted diluted EPS was $0.19, compared with $(0.03) a year earlier; adjusted EBITDA was $54.9 million versus $55.2 million.
- 2025 revenue guidance raised to $2.6 billion to $2.7 billion; adjusted EBITDA guidance of $170 million to $200 million affirmed.
The filing
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 August 06, 2025.
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.