---
schema_version: "secwatch.filing_event.v1"
accession: "0001965040-25-000048"
form_type: "8-K"
ticker: "FTRE"
cik: "0001965040"
company_name: "Fortrea Holdings Inc."
filed_at: "2025-08-06T23:59:59+00:00"
generated_at: "2026-05-17T20:01:32.645972+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Fortrea Q2 GAAP loss $374.9M on $309.1M goodwill impairment; raises 2025 revenue guidance

## Summary
- Revenue $710.3M, +7% YoY; GAAP net loss $374.9M ($4.14 diluted loss) includes $309.1M non-cash goodwill impairment.
- Adjusted net income $17.6M ($0.19 adjusted diluted EPS) vs adjusted net loss $2.3M in Q2 2024.
- Book-to-bill 0.79x for quarter, backlog $7,547M; trailing 12-month book-to-bill 1.10x.
- Raising FY2025 revenue guidance to $2,600-2,700M; affirming adjusted EBITDA guidance $170-200M.
- New CEO Anshul Thakral joined Aug 4, succeeding interim CEO Peter Neupert who remains chairman.

## SEC filing metadata
- accession: 0001965040-25-000048
- form_type: 8-K
- ticker: FTRE
- cik: 0001965040
- company_name: Fortrea Holdings Inc.
- filed_at: 2025-08-06T23:59:59+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/1965040/000196504025000048/0001965040-25-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1965040/000196504025000048/ftre-20250806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001965040-25-000048
- JSON: https://secwatch.observer/filing/0001965040-25-000048.json
- Plain text: https://secwatch.observer/filing/0001965040-25-000048.txt

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