Fortrea Holdings Inc. (FTRE)
Nasdaq: FTRE · Services-Medical Laboratories · Durham, NC · filing with the SEC since 2023
Income statement, as filed
In millions of US dollars (USD), as filed; per-share figures in US dollars; share counts in millions. The fiscal year ends in December.| Fiscal year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Period ending | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Report filed | Feb 26, 2026 | Mar 3, 2025 | Mar 13, 2024 | · | · |
| Revenue | 2,723.4 | 2,696.4 | 2,842.5r | 2,837.0r | 3,057.5 |
| For lenders | |||||
| Net interest income | · | · | -69.7 | -0.2 | · |
| Cost of revenue | 2,219.6 | 2,162.2 | 2,251.9r | 2,112.6r | 2,453.1 |
| Selling, general and administrative | 456.4 | 560.7 | 448.1r | 416.1r | 303.1 |
| Total costs and expenses | 3,596.0 | 2,858.3 | 2,810.5r | 2,649.9r | 2,943.2 |
| Operating income | -872.6 | -161.9 | 32.0r | 187.1r | 114.3 |
| Interest expense | · | · | 69.8 | 0.2 | 0.2 |
| Interest income (expense), net | -91.4 | -123.8 | -69.7 | -0.2 | · |
| Other income (expense), net | 7.9 | 21.3 | 6.9 | 2.1r | 2.1 |
| Income before income taxes | -983.0 | -275.0 | -30.5r | 187.0r | 136.4 |
| Income tax expense | 3.2 | -3.5 | 1.2r | 41.1r | 38.4 |
| Income from continuing operations | -986.2 | -271.5 | -31.7 | 145.9 | · |
| Income from discontinued operations | 0.0 | -57.0 | 6.5 | 40.3 | · |
| Net income | -986.2 | -328.5 | -25.2r | 186.2r | 98.0 |
| Earnings per share, basic | -10.81 | -3.67 | -0.29r | 2.09r | 1.10 |
| Earnings per share, diluted | -10.81 | -3.67 | -0.29r | 2.09r | 1.10 |
| Weighted average shares, basic | · | 89.5 | 88.8 | 88.8 | 88.8 |
| Weighted average shares, diluted | · | 89.5 | 88.8 | 88.8 | 88.8 |
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it sold
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTaxNet interest income interest earned less interest paid
us-gaap:InterestIncomeExpenseNetCost of revenue what it cost to make or buy what it sold
us-gaap:CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortizationSelling, general and administrative the cost of selling and of running the company
us-gaap:SellingGeneralAndAdministrativeExpenseTotal costs and expenses every operating cost, the cost of revenue included
us-gaap:CostsAndExpensesOperating income profit from running the business, before interest and tax
us-gaap:OperatingIncomeLossInterest expense what its borrowing cost
us-gaap:InterestExpenseInterest income (expense), net interest earned less interest paid, outside the business
us-gaap:InterestIncomeExpenseNonoperatingNetOther income (expense), net gains and costs outside the business
us-gaap:OtherNonoperatingIncomeExpenseIncome before income taxes profit before tax
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterestIncome tax expense tax charged on the period's profit
us-gaap:IncomeTaxExpenseBenefitIncome from continuing operations profit from the businesses it keeps
us-gaap:IncomeLossFromContinuingOperationsIncome from discontinued operations profit or loss from businesses it sold or closed
us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntityNet income the profit or loss that belongs to the company's shareholders
us-gaap:NetIncomeLossEarnings per share, basic net income per share outstanding
us-gaap:EarningsPerShareBasicEarnings per share, diluted net income per share, counting every share that could be issued
us-gaap:EarningsPerShareDilutedWeighted average shares, basic the average count of shares outstanding
us-gaap:WeightedAverageNumberOfSharesOutstandingBasicWeighted average shares, diluted the average count with every share that could be issued
us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding