TruBridge Reports $87.2 Million Revenue in Q1 2025, Achieves Net Income Turnaround

TruBridge, Inc. reported a total revenue of $87.2 million for the first quarter of 2025, marking a 4% increase from $84.1 million in the same period of 2024. The growth was primarily driven by a 5% rise in the Financial Health segment, which generated $56.1 million, up from $53.4 million. The Patient Care segment also saw a slight increase, with revenues rising to $31.1 million from $30.7 million. The company achieved a net income of $459,000, a significant turnaround from a net loss of $1.9 million in the prior year, reflecting improved operational efficiency and revenue growth.

In terms of operational metrics, TruBridge's total expenses decreased to $79.0 million from $84.7 million year-over-year, primarily due to reduced costs in the Financial Health segment, which fell by 8% as a result of labor cost reductions from a global workforce transition. The company also reported a notable increase in Adjusted EBITDA, which rose to $18.2 million, up 77% from $10.3 million in the previous year. This improvement was attributed to higher revenues and cost optimization initiatives.

Strategically, TruBridge underwent a significant organizational change in May 2024, consolidating its reporting segments from three to two: Financial Health and Patient Care. This restructuring aims to enhance operational alignment and improve service delivery. Additionally, the company completed the sale of American HealthTech, Inc. in January 2024 for approximately $21.4 million, which has been reflected in its financials as a gain on sale. The divestiture is expected to allow TruBridge to focus more on its core competencies in healthcare technology solutions.

As of March 31, 2025, TruBridge reported total assets of $388.8 million, a decrease from $394.4 million at the end of 2024. The company’s cash and cash equivalents stood at $10.1 million, down from $12.3 million, while total liabilities decreased to $220.3 million from $225.7 million. The company’s employee headcount remained stable, and it continues to focus on enhancing customer retention, which was reported at 94.9% for the Patient Care segment.

Looking ahead, TruBridge anticipates continued growth driven by its focus on expanding its Financial Health services and increasing its recurring revenue base. The company is also committed to leveraging advancements in technology, including artificial intelligence, to enhance its service offerings. However, management acknowledges potential risks related to market conditions and regulatory changes that could impact future performance.