For the full year, TruBridge reported total bookings of $82.9 million, up from $82.1 million in 2024, and total revenue of $346.8 million, which was an increase from $342.2 million in the prior year. The company’s Financial Health revenue also saw growth, reaching $221.7 million compared to $217.4 million in 2024. Despite these positive trends, TruBridge reported a GAAP net loss of $5.5 million for the fourth quarter, compared to a net loss of $5.1 million in the same period last year. Non-GAAP net income, however, showed a significant improvement, rising to $11.4 million from $1.1 million year-over-year.
The company’s adjusted EBITDA for the fourth quarter was $19.2 million, up from $17.9 million in the previous year, reflecting improved operational efficiency. Chris Fowler, CEO of TruBridge, commented on the results, emphasizing the company’s focus on enhancing earnings quality and operational foundations through cost management and strategic initiatives, including a targeted AI initiative aimed at modernizing technology infrastructure and improving customer experience.
TruBridge also announced a strategic review process to explore alternatives for maximizing shareholder value, including potential sales or joint ventures. The company identified immaterial misstatements in previously issued financial statements, primarily related to revenue recognition and contract costs, which have been corrected in the current filings. The company will hold a conference call to discuss these results further, indicating ongoing transparency and engagement with investors.
