Fortrea Holdings Inc.

For the period ended Jun 30, 2026. Filed Jul 29, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Jul 29, 2026

FTRE$22.24+1.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Condensed

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

	Common Stock
	Shares	Amounts	Additional Paid-in Capital	Accumulated Deficit	AccumulatedOtherComprehensiveLoss	TotalEquity
Balance at December 31, 2025	93.1	$0.1	$2,116.6	$(1,383.2)	$(170.0)	$563.5
Net loss	—	—	—	(23.6)	—	(23.6)
Other comprehensive loss, net of tax	—	—	—	—	(25.4)	(25.4)
Stock compensation	—	—	11.4	—	—	11.4
Issuance of common stock under employee stock plan	1.5	—	—	—	—	—
Balance at March 31, 2026	94.6	0.1	2,128.0	(1,406.8)	(195.4)	525.9
Net loss	—	—	—	(13.2)	—	(13.2)
Other comprehensive loss, net of tax	—	—	—	—	(1.1)	(1.1)
Stock compensation	—	—	12.6	—	—	12.6
Issuance of common stock under employee stock plan	0.5	—	—	—	—	—
Balance at June 30, 2026	95.1	$0.1	$2,140.6	$(1,420.0)	$(196.5)	$524.2

	Common Stock
	Shares	Amounts	Additional Paid-in Capital	Accumulated Deficit	AccumulatedOtherComprehensiveLoss	TotalEquity
Balance at December 31, 2024	89.7	$0.1	$2,042.2	$(397.0)	$(282.9)	$1,362.4
Net loss	—	—	—	(562.9)	—	(562.9)
Other comprehensive income, net of tax	—	—	—	—	44.7	44.7
Stock compensation	—	—	14.6	—	—	14.6
Issuance of common stock under employee stock plan	0.8	—	—	—	—	—
Balance at March 31, 2025	90.5	0.1	2,056.8	(959.9)	(238.2)	858.8
Net loss	—	—	—	(374.9)	—	(374.9)
Other comprehensive income, net of tax	—	—	—	—	82.6	82.6
Stock compensation	—	—	22.7	—	—	22.7
Issuance of common stock under employee stock plan	0.3	—	—	—	—	—
Balance at June 30, 2025	90.8	$0.1	$2,079.5	$(1,334.8)	$(155.6)	$589.2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in millions) (unaudited)

	Six Months Ended June 30,
	2026	2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$(36.8)	$(937.8)
Adjustments to reconcile net loss to net cash provided by (used for) operating activities:
Depreciation and amortization	39.4	39.1
Stock compensation	24.0	37.3
Credit loss expense	4.0	9.0
Operating lease right-of-use asset expense	4.1	6.0
Operating lease right-of-use asset impairment	—	1.2
Goodwill and other asset impairments	—	797.9
Deferred income taxes	0.9	(16.8)
Unrealized foreign exchange movements	(8.7)	37.7
Other, net	2.5	2.3
Changes in assets and liabilities:
Increase in accounts receivable and unbilled services, net	(70.0)	(77.5)
Decrease in prepaid expenses and other	17.5	24.5
Increase (decrease) in accounts payable	24.6	(46.8)
Increase in unearned revenue	28.7	23.2
Decrease in accrued expenses and other	(18.3)	(1.7)
Net cash provided by (used for) operating activities	11.9	(102.4)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(17.0)	(10.4)
Proceeds from sale of business, net	—	19.0
Proceeds from sale of assets	2.0	—
Net cash (used for) provided by investing activities	(15.0)	8.6
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from revolving credit facilities	—	316.4
Payments on revolving credit facilities	—	(266.4)
Debt issuance costs	—	(0.6)
Net cash provided by financing activities	—	49.4
Effect of exchange rate changes on cash and cash equivalents	(2.9)	7.1
Net change in cash and cash equivalents	(6.0)	(37.3)
Cash and cash equivalents at beginning of period	174.6	118.5
Cash and cash equivalents at end of period	$168.6	$81.2

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.