TruBridge, Inc. reported a notable improvement in its financial performance for the third quarter and the first nine months of 2025, as detailed in its latest 10-Q filing. The company generated total revenues of $86.1 million for the third quarter, reflecting a 1.7% increase from $84.7 million in the same period last year. For the nine months ended September 30, 2025, revenues reached $259.0 million, up 2% from $254.4 million in the prior year. The company achieved a net income of $5.6 million, or $0.37 per share, for the third quarter, a significant turnaround from a net loss of $9.1 million, or $(0.61) per share, in the same quarter of 2024. Year-to-date, net income stood at $8.6 million, compared to a net loss of $15.4 million for the first nine months of 2024.
The filing highlighted several strategic developments, including a realignment of the company's reporting segments from three to two, now categorized as Financial Health and Patient Care. This change aims to enhance operational efficiency and better reflect the company's focus on revenue cycle management and electronic health records. Additionally, TruBridge completed the sale of American HealthTech, Inc. in January 2024, which contributed to a gain of $0.1 million in the current reporting period. The company also reported a significant increase in cash and cash equivalents, which rose to $19.9 million from $12.3 million at the end of 2024.
Operationally, TruBridge's customer base and engagement metrics showed positive trends. The company reported a total of 15,008,986 shares of common stock outstanding as of November 4, 2025. The Financial Health segment generated $54.5 million in revenue, while the Patient Care segment contributed $31.6 million, marking a 5% increase from the previous year. The company noted that recurring revenues accounted for a substantial portion of total revenues, with Financial Health recurring revenues at $162.1 million and Patient Care recurring revenues at $82.9 million for the nine-month period.
The filing also addressed the company's outlook, emphasizing its commitment to margin optimization and cost containment strategies. TruBridge aims to leverage its existing customer base for cross-selling opportunities while expanding its market share in the Financial Health segment. The company is also focusing on enhancing its recurring revenue model, particularly through Software as a Service (SaaS) offerings, which have become increasingly popular among clients. Despite the positive financial results, TruBridge acknowledged potential risks related to market conditions, regulatory changes, and competition, which could impact future performance.
About TruBridge, Inc.
TruBridge, Inc. provides healthcare technology solutions and services for community hospitals, focusing on revenue cycle management, electronic health records, patient engagement, and managed IT. Serving primarily small to mid-sized hospitals, it enhances clinical and financial operations through integrated software, consulting, and support. With a strong emphasis on community health, innovation, and data-driven care, TruBridge supports providers in improving patient outcomes and operational efficiency.
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