Logotype for Trueblue Inc

Trueblue (TBI) investor relations material

Trueblue Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Trueblue Inc
Q2 2025 earnings summary4 Aug, 2025

Executive summary

  • Revenue held steady at $396M for Q2 2025, with organic revenue down 4% and $16M contributed by the HSP acquisition.

  • Net loss improved to $0.2M from $104.7M prior year, reflecting absence of large impairment and tax charges.

  • Gross margin declined to 23.6% from 26.4% year-over-year, mainly due to revenue mix and lower-margin work.

  • SG&A expense improved by 7% to $89.8M–$90M, supporting operational efficiency.

  • Management anticipates a return to company-wide growth in Q3, citing stabilization and double-digit growth in skilled businesses.

Financial highlights

  • Revenue: $396.3M, flat year-over-year; organic revenue down 4%.

  • Net loss: $0.2M vs. $104.7M prior year; net loss per diluted share $(0.01) vs. $(3.45).

  • Adjusted EBITDA rose to $2.6M–$3M from $1.1M prior year; adjusted EBITDA margin up to 0.7%.

  • Adjusted net loss improved to $2M–$2.2M from $10.7M prior year.

  • Ended quarter with $22M in cash, $54M in debt, and $101M in total liquidity.

Outlook and guidance

  • Q3 2025 revenue expected to grow 5–11% year-over-year, including 4 points from HSP acquisition.

  • Gross margin for Q3 2025 projected to decline 240–280 bps due to business mix and prior year reserve adjustments.

  • SG&A forecasted at $93M–$97M, down 3%–7% year-over-year.

  • Management expects growth to resume in Q3, with focus on skilled trades, healthcare, and energy.

  • FY 2025 CapEx expected at $17M–$21M; minimal income tax expense anticipated.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Trueblue earnings date

Logotype for Trueblue Inc
Q3 20253 Nov, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Trueblue earnings date

Logotype for Trueblue Inc
Q3 20253 Nov, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

TrueBlue Inc is a provider of specialized workforce solutions, including temporary staffing, recruitment process outsourcing, and contingent labor management. The company serves industries such as construction, manufacturing, logistics, and customer service. It operates through a portfolio of brands that deliver talent and workforce management across North America. TrueBlue Inc is headquartered in Tacoma, Washington, and its shares are listed on the NYSE.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage