---
schema_version: "secwatch.filing_event.v1"
accession: "0001965040-25-000008"
form_type: "8-K"
ticker: "FTRE"
cik: "0001965040"
company_name: "Fortrea Holdings Inc."
filed_at: "2025-03-03T23:59:59+00:00"
generated_at: "2026-05-25T21:35:35.227844+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Fortrea reports Q4 revenue $697M, full-year net loss $271.5M; issues 2025 guidance below 2024

## Summary
- Q4 2024 revenue $697.0M (-1.8% YoY); GAAP net loss $(73.9)M, diluted EPS $(0.82) vs loss $(48.6)M in Q4 2023.
- Full-year 2024 revenue $2,696.4M (-5.1% vs 2023); GAAP net loss $(271.5)M vs $(31.7)M; adjusted EBITDA $202.5M vs $245.8M.
- Q4 book-to-bill 1.35x; backlog $7,699M; cash $118.5M, gross debt $1,142.0M.
- Entered covenant amendment on Feb 28, 2025 for flexibility through Q4 2026.
- FY2025 guidance: revenue $2,450M-$2,550M, adjusted EBITDA $170M-$200M (down YoY).

## SEC filing metadata
- accession: 0001965040-25-000008
- form_type: 8-K
- ticker: FTRE
- cik: 0001965040
- company_name: Fortrea Holdings Inc.
- filed_at: 2025-03-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1965040/000196504025000008/0001965040-25-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1965040/000196504025000008/ftre-20250303.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001965040-25-000008
- JSON: https://secwatch.observer/filing/0001965040-25-000008.json
- Plain text: https://secwatch.observer/filing/0001965040-25-000008.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.