TruBridge, Inc. reported its financial results for the second quarter and first half of 2025, revealing a total revenue of $85.7 million for the three months ended June 30, 2025, a slight increase from $85.6 million in the same period of 2024. For the first half of 2025, revenues reached $172.9 million, up from $169.7 million year-over-year. The company achieved a net income of $2.6 million, or $0.17 per share, compared to a net loss of $4.4 million, or $(0.29) per share, in the prior year quarter. This turnaround in profitability was attributed to revenue growth, cost reductions, and lower non-recurring expenses.
The company experienced notable changes in its operational metrics. The Financial Health segment generated $54.3 million in revenue for the second quarter, a decrease from $54.5 million in 2024, while the Patient Care segment saw a revenue increase to $31.4 million from $31.1 million. The overall increase in revenues was primarily driven by a shift towards Software as a Service (SaaS) arrangements, which accounted for a significant portion of new contracts. The company reported a recurring revenue increase in both segments, with Financial Health recurring revenues at $53.3 million and Patient Care at $28.1 million.
TruBridge's strategic developments included the divestiture of American HealthTech, Inc. in January 2024, which allowed the company to focus on its core segments. The transition to a two-segment reporting structure—Financial Health and Patient Care—was implemented to better align with the company's strategic initiatives. The company also reported a backlog of approximately $325.4 million, indicating strong future revenue potential from existing contracts.
Operationally, TruBridge's employee headcount remained stable, with 15,011,642 shares of common stock outstanding as of August 5, 2025. The company reported a decrease in total costs of revenues, which fell to 48% of total revenues in the second quarter, down from 51% in the previous year. This reduction was driven by lower domestic labor costs and a focus on cost optimization initiatives. The company also noted a significant decrease in interest expenses due to a reduction in the outstanding balance of its revolving credit facility.
Looking ahead, TruBridge anticipates continued growth driven by its focus on expanding its Financial Health services and enhancing its SaaS offerings. The company is actively evaluating the impact of recent legislative changes, including the One Big Beautiful Bill Act, which may affect its operations and client base. Management remains committed to improving operational efficiencies and maintaining a strong financial position to support future growth initiatives.
About TruBridge, Inc.
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