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NASDAQ · Health care

Fortrea Holdings Inc. (FTRE)

Fortrea Holdings Inc. brought in $2.7B of revenue over the twelve months to September 30, 2026, down 3.4% from a year earlier. It posted a net loss of $68.7M. Operating cash flow minus capital spending left $88.3M of free cash flow in fiscal 2025. At September 30, 2026 it held $220.6M in cash against $1.1B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 29, 2026.

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Price
$21.39
-3.82% on the day · November 10, 2026
52-week range $8.55 to $26.16
Market cap
$2B
Revenue (last 12 months)
$2.7B
-3.4% year on year
Net margin
-2.6%

Key facts about Fortrea Holdings Inc.

Net worth
Fortrea Holdings Inc. has a market value (market cap) of $2B at the latest share price, and shareholders' equity of $532.3M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was $2.7B (+1.0% year on year), with a net loss of $986.2M. Over the 12 months to September 30, 2026: revenue $2.7B, net loss $68.7M.
Cash flow
In fiscal 2025 operations brought in $113.5M of cash; after $25.2M of capital spending, free cash flow was $88.3M.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 29, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
Next earnings report
Fortrea Holdings Inc.'s next report is expected around February 25, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

What Fortrea Holdings Inc. does

Fortrea Holdings Inc. is registered with the SEC under industry code SIC 8071 (Services-Medical Laboratories). Its shares trade on NASDAQ under the ticker FTRE.

Revenue and profit by year

Revenue
FY21: $3.1B $3.1B FY21FY23: $2.8B $2.8B FY23FY23: $2.8B $2.8B FY23FY24: $2.7B $2.7B FY24FY25: $2.7B $2.7B FY25
Net income
FY21: $98M $98M FY21FY23: $186.2M $186.2M FY23FY23: -$25.2M -$25.2M FY23FY24: -$328.5M -$328.5M FY24FY25: -$986.2M -$986.2M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$2.7B-$872.6M-$986.2M-$10.81$88.3M
2024$2.7B-$161.9M-$328.5M-$3.67$237.3M
2023$2.8B$32M-$25.2M-$0.29$128.1M
2023$2.8B$187.1M$186.2M$2.09$28.3M
2021$3.1B$114.3M$98M$1.10$143.3M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Next report expected around February 25, 2027.

Estimated from its filing rhythm: 52 weeks after its report of February 26, 2026. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Where FTRE ranks in Health care

Revenue$2.7B
#97 of 751 in Health care · Top 13%
Revenue growth+1.0%
#395 of 532 in Health care · Bottom 26%
Net margin-36.2%
#371 of 544 in Health care · Bottom 32%
Free cash flow margin3.2%
#204 of 490 in Health care · Top 42%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Health care

Latest SEC filings

What Fortrea Holdings Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. October 29, 2026
    Quarterly report 10-Q · period to September 30, 2026Revenue fell 1.4% to $691.5M versus the same quarter last year; diluted EPS $0.01 versus -$0.17.
  2. October 29, 2026
  3. September 30, 2026
    Executive or director change8-KFortrea Holdings appointed Carrie Russell as Chief Accounting Officer.
  4. September 10, 2026
  5. July 29, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue fell 4.5% to $678.2M versus the same quarter last year; diluted EPS -$0.14 versus -$4.14.
  6. July 29, 2026
  7. July 14, 2026
  8. June 26, 2026
  9. June 12, 2026
  10. May 5, 2026
    Quarterly report 10-Q · period to March 31, 2026Revenue fell 2.3% to $636.5M versus the same quarter last year; diluted EPS -$0.25 versus -$6.25.

Recent insider filings (Forms 3, 4 and 144): 10, the latest on September 14, 2026. Insider transactions on SEC

Insider trades

What the people running Fortrea Holdings Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders sold $146.2K worth of shares in the last 90 days and bought none on the open market.

Bought (open market)
$0
last 90 days
Sold
$146.2K
last 90 days
Net sold
8,287
$146.2K
DateInsiderWhatSharesPriceValueFiling
September 9, 2026 Morais Mark A.Chief Operating Officer Sold 3,149 $16.85 $53.1K Form 4
September 9, 2026 Russell Carrie ElizabethInterim CAO Sold 246 $16.85 $4.1K Form 4
September 8, 2026 Morais Mark A.Chief Operating Officer Exercised options 7,157 - - Form 4
September 8, 2026 Russell Carrie ElizabethInterim CAO Exercised options 850 - - Form 4
August 19, 2026 Morais Mark A.Chief Operating Officer Sold 4,892 $18.19 $89K Form 4
August 18, 2026 Morais Mark A.Chief Operating Officer Exercised options 11,313 - - Form 4
August 6, 2026 Thakral AnshulChief Executive Officer, Director Sold 55,882 $18.17 $1M Form 4
August 6, 2026 Thakral AnshulChief Executive Officer, Director Sold 55,975 $18.06 $1M Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns FTRE

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Vanguard Capital Management13G, passive 5.05% 4,728,735 April 29, 2026

Latest filings below 5%: The Vanguard Group 0% (March 26, 2026); Sessa Capital (Master), L.P. 4.32% (February 17, 2026); AQR Capital Management, LLC 4.11% (November 14, 2025); Fmr LLC 3.4% (August 6, 2025); BlackRock Portfolio Management LLC 0.9% (July 15, 2025).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 333 managers reported a position.

HolderSharesValueChange on quarter
BlackRock, Inc.15,799,104$274.9M+646,709
Goldman Sachs Group Inc8,414,011$146.4M+315,494
Sessa Capital IM, L.P.4,593,550$79.9M0
Vanguard Capital Management LLC4,181,552$72.8M+142,990
Vanguard Portfolio Management LLC3,816,627$66.4M+119,878
State Street Corp3,784,173$65.8M-325,227
Fmr LLC3,646,931$63.5M+2,402,794
Corvex Management LP2,988,551$52M-1,655,642
Aqr Capital Management LLC2,980,474$51.9M-317,947
Geode Capital Management, LLC2,546,771$44.3M+180,294
Charles Schwab Investment Management Inc2,489,423$43.3M-718,250
Loomis Sayles & Co L P2,440,583$42.5M+617,814
Wellington Management Group Llp2,384,349$41.5Mnew
Park West Asset Management LLC2,106,131$36.6M-151,193
Morgan Stanley2,094,075$36.4M-203,493
Ameriprise Financial Inc1,718,933$29.9M+139,019
Dimensional Fund Advisors LP1,650,100$28.7M+350,238
Nuveen, LLC1,421,943$24.7M+346,687
Deutsche Bank AG\1,397,053$24.3M-1,172,221
MetLife Investment Management, LLC1,362,169$23.7M-443,015

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

11 insiders reported holding 885,228 shares in total, about $18.9M at the last price.

HolderSharesAs of
Neupert Peter MDirector 246,668 May 14, 2026
Thakral AnshulChief Executive Officer, Director 204,940 August 6, 2026
Morais Mark A.Chief Operating Officer 81,794 September 9, 2026
Mcconnell Jill G.Chief Financial Officer 78,416 June 2, 2026
Russell Erin LDirector 72,617 June 10, 2026
Pesicka Edward ADirector 52,453 June 10, 2026
Ray AmritDirector 52,453 June 10, 2026
Smith David RossDirector 36,715 July 20, 2026
Sanders MachelleDirector 36,399 August 3, 2026
Parks RobertChief Accounting Officer 20,389 May 18, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about FTRE

What does Fortrea Holdings Inc. do?

Fortrea Holdings Inc. is a company in the Health care sector, listed on NASDAQ as FTRE. Its shares trade on NASDAQ under the ticker FTRE.

What is Fortrea Holdings Inc.'s net worth?

Fortrea Holdings Inc. has a market value (market cap) of $2B at the latest share price, and shareholders' equity of $532.3M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Fortrea Holdings Inc. profitable?

No. Over the twelve months to September 30, 2026 it reported a net loss of $68.7M on revenue of $2.7B.

How much revenue does Fortrea Holdings Inc. make?

Over the twelve months to September 30, 2026 Fortrea Holdings Inc. reported revenue of $2.7B. That is 3.4% less than a year earlier.

When did Fortrea Holdings Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on October 29, 2026. It covers the period to September 30, 2026.

When is Fortrea Holdings Inc.'s next earnings report?

Fortrea Holdings Inc.'s next report is expected around February 25, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

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Where the numbers come from

Financial figures are the values Fortrea Holdings Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.