TrueBlue, Inc.TBIEarnings & Financial Report
The Blue Bird Corporation is an American bus manufacturer. Headquartered in Fort Valley, Georgia, the company was best known for its production of school buses. The company has also manufactured a wide variety of other bus types, including transit buses, motorhomes, and specialty vehicles such as mobile libraries and mobile police command centers.
Revenue
$402.9M
Gross Profit
$99.4M
Operating Profit
$-15.5M
Net Profit
$-1.7M
Gross Margin
24.7%
Operating Margin
-3.8%
Net Margin
-0.4%
YoY Growth
-13.4%
EPS
$-0.05
Financial Flow
TrueBlue, Inc. Q1 2024 Financial Summary
TrueBlue, Inc. reported revenue of $402.9M (down 13.4% YoY) for Q1 2024, with a net profit of $-1.7M (up 60.4% YoY) (-0.4% margin). Cost of goods sold was $303.5M, operating expenses totaled $114.9M.
Key Financial Metrics
| Total Revenue | $402.9M |
|---|---|
| Net Profit | $-1.7M |
| Gross Margin | 24.7% |
| Operating Margin | -3.8% |
| Report Period | Q1 2024 |
Revenue Breakdown
TrueBlue, Inc. Q1 2024 revenue of $402.9M breaks down across 3 segments, led by Contingent Staffing at $222.7M (55.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Contingent Staffing | $222.7M | 55.3% |
| Other | $133.9M | 33.2% |
| Human Resource Outsourcing | $46.3M | 11.5% |
TrueBlue, Inc. Revenue by Segment — Quarterly Trend
TrueBlue, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Contingent Staffing and Other) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Contingent Staffing | — | $251.4M | $213.2M | $189.3M |
| Other | $175.0M | $132.9M | $133.9M | $124.2M |
| Human Resource Outsourcing | — | $47.0M | $49.2M | $45.4M |
TrueBlue, Inc. Annual Revenue by Year
TrueBlue, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.6B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.6B |
| 2024 | $1.6B |
| 2023 | $1.9B |
| 2022 | $2.3B |
TrueBlue, Inc. Quarterly Revenue & Net Profit History
TrueBlue, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $418.2M | +8.3% | N/A | N/A |
| Q3 2025 | $431.3M | +12.8% | $-1.9M | -0.4% |
| Q2 2025 | $396.3M | +0.0% | $-160.0K | -0.0% |
| Q1 2025 | $370.3M | -8.1% | $-14.3M | -3.9% |
| Q4 2024 | $386.0M | -21.6% | N/A | N/A |
| Q3 2024 | $382.4M | -19.2% | $-7.6M | -2.0% |
| Q2 2024 | $396.2M | -16.7% | $-104.7M | -26.4% |
| Q1 2024 | $402.9M | -13.4% | $-1.7M | -0.4% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $402.9M | $396.2M | $382.4M | $386.0M | $370.3M | $396.3M | $431.3M | $418.2M |
| YoY Growth | -13.4% | -16.7% | -19.2% | -21.6% | -8.1% | 0.0% | 12.8% | 8.3% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $868.6M | $723.7M | $702.4M | $675.4M | $692.5M | $672.8M | $690.5M | $638.7M |
| Liabilities | $422.2M | $385.9M | $375.2M | $360.0M | $390.3M | $367.6M | $386.2M | $364.1M |
| Equity | $446.4M | $337.8M | $327.2M | $315.4M | $302.2M | $305.2M | $304.3M | $274.6M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-14.2M | $-1.8M | $-7.1M | $6.1M | $-22.1M | $-11.8M | $-19.8M | $-4.4M |