---
title: "TrueBlue Reports Q1 Revenue Growth Amid Continued Net Loss"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285277842.md"
description: "TrueBlue reported Q1 2026 revenue of $399 million, an 8% increase year-over-year, but incurred a net loss of $20 million, up from a $14 million loss last year. The company highlighted cost discipline with an 8% reduction in SG&A expenses and improved adjusted EBITDA. CEO Taryn Owen noted progress in strategic initiatives and market position. Analysts rate TBI stock as a Buy with a $5.50 price target, though concerns remain over financial performance and margin pressures. TrueBlue provides specialized workforce solutions across various industries."
datetime: "2026-05-05T22:34:28.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285277842.md)
  - [en](https://longbridge.com/en/news/285277842.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285277842.md)
---

# TrueBlue Reports Q1 Revenue Growth Amid Continued Net Loss

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Trueblue ( (TBI) ) has provided an announcement.

On May 5, 2026, TrueBlue reported first quarter 2026 revenue of $399 million, up 8 percent year over year with 7 percent organic growth, but posted a net loss of $20 million versus a $14 million loss a year earlier, reflecting a $4 million non-cash goodwill impairment. Despite the wider loss, the company highlighted cost discipline with SG&A expenses down 8 percent to $87 million, an improvement in adjusted EBITDA to negative $3 million from negative $4 million, and total liquidity of $60 million, as management emphasized progress on its long-term growth strategy, enhanced sales model, and technology-driven efficiencies.

President and CEO Taryn Owen said results came in toward the high end of expectations, citing expansion in skilled verticals and stabilizing demand trends as key drivers of performance. The company signaled that its ongoing strategic initiatives are beginning to take hold, strengthening its market position and supporting sustainable, profitable growth opportunities, while acknowledging continued scrutiny from investors through detailed financial disclosures and non-GAAP metrics.

The most recent analyst rating on (TBI) stock is a Buy with a $5.50 price target. To see the full list of analyst forecasts on Trueblue stock, see the TBI Stock Forecast page.

**Spark’s Take on TBI Stock**

According to Spark, TipRanks’ AI Analyst, TBI is a Neutral.

Overall score is held back primarily by weak financial performance (losses and negative cash flow) and limited valuation support (negative P/E, no dividend). Offsetting factors include improving near-term technical momentum and a moderately constructive earnings outlook with 2026 growth guidance and continued cost actions, though near-term margin pressures remain a key risk.

To see Spark’s full report on TBI stock, click here.

**More about Trueblue**

TrueBlue Inc. is a leading provider of specialized workforce solutions, operating under brands such as PeopleReady, PeopleScout, Staff Management | SMX, Centerline, SIMOS and Healthcare Staffing Professionals. The company uses proprietary, digitally enabled platforms to deliver flexible staffing, workforce management and recruitment services to clients across a wide range of industries, focusing on scalable solutions that connect people with work.

**Average Trading Volume:** 362,220

**Technical Sentiment Signal:** Hold

**Current Market Cap:** $179.5M

Learn more about TBI stock on TipRanks’ Stock Analysis page.

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