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TBI on NYSE

TrueBlue

Logo: trueblue.com3

American company1

In its 2026 annual report the company says: “TrueBlue, Inc. began operations in 1989 and is a leading provider of specialized workforce solutions that connect employers and talent. Our operations are managed as three business segments: PeopleReady, PeopleManagement and PeopleSolutions. Our services range from providing one associate to hundreds, and are generally short-term in nature as we are filling the contingent staffing needs of our clients.”6 It is headquartered in Tacoma, Washington.1 Its shares trade on NYSE under the symbol TBI.1

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Last updated Oct 21, 2026.

Overview

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  • TickerTBI on NYSE1
  • IndustryServices-Help Supply Services1
  • HeadquartersTacoma, Washington1
  • Websitewww.trueblue.com
  • Incorporated inWA4
  • Business address1015 A Street, Tacoma, Wa 984024
  • Filer categoryAccelerated filer, Smaller reporting company4

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TrueBlue, Inc. (the “company,” “TrueBlue,” “we,” “us” and “our”) began operations in 1989 and is a leading provider of specialized workforce solutions that connect employers and talent. Backed by decades of experience, an extensive national footprint, expansive talent network, deep local market insight, and global recruitment process outsourcing (“RPO”) reach, TrueBlue delivers total workforce solutions helping clients improve quality, streamline operations and meet evolving talent demands.6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

22.8%Gross margin7
-2.9%Operating margin7
-3.0%Net margin7
3.1%Revenue growth, 20257
-17.5%Return on equity7
0.24×Debt to equity7
-$73.7MFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

People Ready brought in 55% of the revenue TrueBlue broke down this way in fiscal 2025.

  1. People Ready$883.9M755%up 2% from 2024
  2. People Management$544.4M734%up 0% from 2024
  3. People Scout$187.7M712%up 20% from 2024
Business segments by year
Business segments202320242025
People Ready$1.1B$868.5M$883.9M
People Management$580.6M$542.2M$544.4M
People Scout$229.3M$156.6M$187.7M

Regions

United States brought in 94% of the revenue TrueBlue broke down this way in fiscal 2025.

  1. United States$1.5B794%up 4% from 2024
  2. Outside the United States$101.2M76%down 7% from 2024
Regions by year
Regions202320242025
United States$1.8B$1.5B$1.5B
Outside the United States$155.8M$108.9M$101.2M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue77¢$1.2B
  • Selling, general and admin23¢$371.1M
  • Income tax0¢$2.3M

Out of $1.6B in revenue.7 The company lost money this year.

Financial statements

Revenue8910117$1.6B in 2025−32% since 2019
0$1.0B$2.0B$3.0B2019: $2.4B$2.4B20192020: $1.8B$1.8B2020−22%2021: $2.2B$2.2B2021+18%2022: $2.3B$2.3B2022+4%2023: $1.9B$1.9B2023−15%2024: $1.6B$1.6B2024−18%2025: $1.6B$1.6B2025+3%
Gross profit8910117$367.8M in 2025−41% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $619.9M$619.9M20192020: $440.6M$440.6M2020−29%2021: $560.3M$560.3M2021+27%2022: $602.1M$602.1M2022+7%2023: $506.1M$506.1M2023−16%2024: $406.4M$406.4M2024−20%2025: $367.8M$367.8M2025−9%
Operating income8910117-$46.6M in 2025
-$200.0M-$100.0M0$100.0M2019: $66.2M$66.2M20192020: -$174.9M-$174.9M20202021: $68.4M$68.4M20212022: $72.2M$72.2M2022+5%2023: -$23.9M-$23.9M20232024: -$92.8M-$92.8M2024+289%2025: -$46.6M-$46.6M2025−50%
Net income8910117-$48.0M in 2025
-$200.0M-$100.0M0$100.0M2019: $63.1M$63.1M20192020: -$141.8M-$141.8M20202021: $61.6M$61.6M20212022: $62.3M$62.3M2022+1%2023: -$14.2M-$14.2M20232024: -$125.7M-$125.7M2024+787%2025: -$48.0M-$48.0M2025−62%

Every line of the income statement as filed: the last 3 fiscal years, latest first.7

Period ending2025-12-312024-12-312023-12-31
Revenue from services$1.6B$1.6B$1.9B
Cost of services$1.2B$1.2B$1.4B
Gross profit$367.8M$406.4M$506.1M
Selling, general and administrative expense$371.1M$410.9M$494.6M
Depreciation and amortization (inclusive of depreciation included in cost of services)$24.8M$28.6M$25.8M
Goodwill and intangible asset impairment charge$200.0K$59.7M$9.5M
Impairment, Long-Lived Asset, Held-for-Use$18.4M$0$0
Loss from operations-$46.6M-$92.8M-$23.9M
Interest and other income (expense), net$1.0M$4.3M$3.2M
Loss before tax expense (benefit)-$45.6M-$88.5M-$20.6M
Income tax expense (benefit)$2.3M$37.2M-$6.5M
Net loss-$48.0M-$125.7M-$14.2M
Basic (in dollars per share)-$1.61-$4.17-$0.45
Diluted (in dollars per share)-$1.61-$4.17-$0.45
Basic (in shares)29.8M shares30.2M shares31.3M shares
Diluted (in shares)29.8M shares30.2M shares31.3M shares
Foreign currency translation adjustment$546.0K-$1.5M-$694.0K
Total other comprehensive income (loss), net of tax$546.0K-$1.5M-$694.0K
Comprehensive loss-$47.4M-$127.2M-$14.9M

Compare TrueBlue with another company

Corporate structure

TrueBlue sits at the top of its group. 23 entities, 7 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of TrueBlue

  • TrueBlue Tacoma, Washington
    • Centerline Drivers, LLC Subsidiary · Nevada, United States
    • Healthcare Staffing Professionals, Inc. Subsidiary · California, United States
    • Labor Ready Holdings, Inc. Subsidiary · Nevada, United States
    • PeopleReady Florida, Inc. Subsidiary · Washington, United States
    • PeopleReady, Inc. Subsidiary · Washington, United States
    • PeopleScout Limited Subsidiary · United Kingdom
    • PeopleScout MSP, LLC Subsidiary · Nevada, United States
    • PeopleScout Technology PTY Subsidiary · Australia
    • RenewableWorks, LLC Subsidiary · Washington, United States
    • SIMOS Insourcing Solutions, LLC Subsidiary · Delaware, United States
    • SMX, LLC Subsidiary · Illinois, United States
    • Spartan Staffing Puerto Rico, LLC Subsidiary · Puerto Rico, United States
    • Staff Management Solutions, LLC Subsidiary · Illinois, United States
    • Staffing Solutions Holdings, Inc. Subsidiary · Delaware, United States
    • TBI Outsourcing Canada, Inc. Subsidiary · Canada
    • TBI Outsourcing Poland, Sp. z o.o. Subsidiary · Poland
    • TrueBlue Enterprises, Inc. Subsidiary · Nevada, United States
    • TrueBlue India LLP Subsidiary · India
    • TrueBlue Netherlands I, B.V. Subsidiary · Netherlands
    • TrueBlue Netherlands II, B.V. Subsidiary · Netherlands
    • TrueBlue Services, Inc. Subsidiary · Delaware, United States
    • Worker’s Assurance of Hawaii, Inc. Subsidiary · Hawaii, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What TrueBlue reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$284.9M7 Dec 28, 2025$282.4M7 Dec 29, 2024+0.9%
Accumulated depreciation$206.4M7 Dec 28, 2025$192.8M7 Dec 29, 2024+7.1%
Property and equipment, net$73.1M7 Dec 28, 2025$89.6M7 Dec 29, 2024−18.4%
Operating-lease assets (leased space)$34.0M7 Dec 28, 2025$47.3M7 Dec 29, 2024−28.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$24.5M7 Dec 28, 2025$22.5M7 Dec 29, 2024+8.8%
Debt securities held to maturity$70.6M7 Dec 28, 2025$99.5M7 Dec 29, 2024−29.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$42.5M7 Dec 28, 2025$24.5M7 Dec 29, 2024+73.1%
Intangible assets, net (excluding goodwill)$18.1M7 Dec 28, 2025$5.9M7 Dec 29, 2024+208.6%
Indefinite-lived intangibles (excluding goodwill)$4.6M7 Dec 28, 2025$4.8M7 Dec 29, 2024−4.2%
Finite-lived intangibles, gross$16.7M7 Dec 28, 2025$4.3M7 Dec 29, 2024+291.3%
Accumulated amortization$3.2M7 Dec 28, 2025$3.2M7 Dec 29, 2024+0.1%
Finite-lived intangibles, net$13.5M7 Dec 28, 2025$1.1M7 Dec 29, 2024+1169.5%

Properties, in its own words

We lease building space for all our PeopleReady branches, except for two that we own in Florida. In addition, we lease domestic and international office space to support our operations and centralized support functions. Under the majority of our branch leases, we have the right to terminate the lease with 90 days’ notice. We do not anticipate any difficulty in renewing these leases or in finding alternative sites in the ordinary course of business. We continue to utilize a remote or hybrid work model for our headquarters and U.S.-based support employees, while utilizing our support center facilities when necessary or beneficial. We own an office building in Tacoma, Washington, which serves as our corporate headquarters. The Tacoma headquarters is currently under contract for sale. See Note 5: Supplemental Balance Sheet Information, to our consolidated financial statements found in Part II, Item 8 of this Annual Report on Form 10-K for additional information. While management believes all our facilities are currently suitable for their intended use, we continually evaluate our business and facilities and may decide to expand or dispose of facilities in the future.

Item 2 of the 10-K filed Feb 18, 2026.6

Leadership

Who has led TrueBlue, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Joseph P. Sambataro Jr.2006
  2. Robert M. Wallace2015
  3. A. Patrick Beharelle2018–2022
  4. Taryn R. Owen2023–now

President

  1. Yale Farar2006–2015
  2. Wayne W. Larkin2008–2011
  3. John D. Demarest2009
  4. Joan M. Davison2015
  5. Taryn R. Owen2015
  6. A. Patrick Beharelle2015–2022
  7. Jonathan D. Means2015–2016

Chief financial officer

  1. Derrek Lane Gafford2006–2023
  2. Mitchell W. Turk2008
  3. Carl Schweihs2023–now

Chief operating officer

  1. William J. Grubbs2012–2013
  2. Wayne W. Larkin2014–2016
  3. A. Patrick Beharelle2014–2018
  4. Taryn R. Owen2022–2023
2010201520202025
Board members and other officers (50)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Centerline Drivers, LLC Nevada5
  • Healthcare Staffing Professionals, Inc. California5
  • Labor Ready Holdings, Inc. Nevada5
  • PeopleReady Florida, Inc. Washington5
  • PeopleReady, Inc. Washington5
  • PeopleScout Limited United Kingdom5
  • PeopleScout MSP, LLC Nevada5
  • PeopleScout Pty, Ltd Australia5
  • PeopleScout Technology PTY Australia5
  • PeopleScout, Inc. Delaware5
  • RenewableWorks, LLC Washington5
  • SIMOS Insourcing Solutions, LLC Delaware5
  • SMX, LLC Illinois5
  • Spartan Staffing Puerto Rico, LLC Puerto Rico5
  • Staff Management Solutions, LLC Illinois5
  • Staffing Solutions Holdings, Inc. Delaware5
  • TBI Outsourcing Canada, Inc. Canada5
  • TBI Outsourcing Poland, Sp. z o.o. Poland5
  • TrueBlue Enterprises, Inc. Nevada5
  • TrueBlue India LLP India5
  • TrueBlue Netherlands I, B.V. Netherlands5
  • TrueBlue Netherlands II, B.V. Netherlands5
  • TrueBlue Services, Inc. Delaware5
  • Worker’s Assurance of Hawaii, Inc. Hawaii5

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • LABOR READY INCNov 22, 1995 to Dec 12, 20074

Timeline

  1. Aug 4, 20268-K Results of operations; Regulation FD disclosure80
  2. May 15, 20268-K Shareholder vote81
  3. May 6, 20268-K Entered a material agreement; Change to shareholders' rights82
  4. May 5, 20268-K Results of operations; Regulation FD disclosure83
  5. Apr 13, 20268-K Entered a material agreement; Regulation FD disclosure84
  6. Feb 18, 20268-K Results of operations; Regulation FD disclosure85
  7. Feb 3, 20268-K Entered a material agreement; New debt or obligation86
  8. Jan 12, 20268-K Executive or director change87
  9. Jan 9, 20268-K Other events88
  10. Dec 11, 20258-K Executive or director change89
  11. Dec 2, 20258-K Executive or director change; Other events90
  12. Nov 3, 20258-K Results of operations; Regulation FD disclosure91
  13. Oct 4, 2023New chief executive Taryn R. Owen becomes CEO16
  14. Sep 18, 2018New chief executive A. Patrick Beharelle becomes CEO17
  15. May 18, 2015New chief executive Robert M. Wallace becomes CEO18
  16. Feb 6, 2006New chief executive Joseph P. Sambataro Jr. becomes CEO19
  17. Oct 28, 1998Went public Listed on NYSE1

Calendar

Coming up

  1. Nov 2, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.03 a share, on Nov 3, 2025.92

When it reported results

  1. Aug 4, 2026Reported quarterly or annual results80
  2. May 5, 2026Reported quarterly or annual results83
  3. Feb 18, 2026Reported quarterly or annual results85
  4. Nov 3, 2025Reported quarterly or annual results91
  5. Aug 4, 2025Reported quarterly or annual results93
  6. May 5, 2025Reported quarterly or annual results94
  7. Feb 19, 2025Reported quarterly or annual results95
  8. Nov 4, 2024Reported quarterly or annual results96

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

355 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 44 major events, 209 insider forms, 44 large holders, 38 other. The latest 20:

  1. Oct 6, 20264 EDGAR
  2. Aug 12, 2026SCHEDULE 13G/A EDGAR
  3. Aug 5, 2026S-8 TRUEBLUE FORM S-8 EDGAR
  4. Aug 4, 2026SCHEDULE 13G/A EDGAR
  5. Aug 4, 202610-Q TRUEBLUE FORM 10-Q EDGAR
  6. Aug 4, 20268-K TRUEBLUE FORM 8-K EDGAR
  7. Jul 22, 2026SCHEDULE 13G/A EDGAR
  8. Jun 8, 20264 EDGAR
  9. Jun 5, 2026144 EDGAR
  10. May 15, 20268-K TBI FORM 8-K EDGAR
  11. May 14, 2026SCHEDULE 13G/A EDGAR
  12. May 8, 2026SCHEDULE 13G/A EDGAR
  13. May 7, 202625-NSE EDGAR
  14. May 6, 20268-K CURRENT REPORT EDGAR
  15. May 5, 2026SCHEDULE 13G/A EDGAR
  16. May 5, 202610-Q TRUEBLUE FORM 10-Q EDGAR
  17. May 5, 20268-K TRUEBLUE FORM 8-K EDGAR
  18. Apr 22, 2026SCHEDULE 13G/A EDGAR
  19. Apr 14, 2026DEF 14A DEFINITIVE PROXY STATEMENT EDGAR
  20. Apr 13, 20268-K CURRENT REPORT EDGAR

The 355 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

22 open-market trades by officers, directors and large owners since October 2021: 14 buys and 8 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 5, 2026Lontoh SonitaDirectorSale2,186$6.73$14.7KForm 4
Feb 25, 2026Ferencz GarrettEVP, Chief Legal OfficerBuy7,000$3.61$25.3KForm 4
Feb 24, 2026Owen Taryn RCEO and PresidentBuy20,400$3.79$77.3KForm 4
Feb 23, 2026Schweihs CarlEVP and CFOBuy12,500$3.72$46.5KForm 4
Mar 12, 2025Schweihs CarlEVP and CFOBuy2,500$5.25$13.1KForm 4
Feb 26, 2025Owen Taryn RCEO and PresidentBuy12,735$5.94$75.6KForm 4
Feb 24, 2025Schweihs CarlEVP and CFOBuy10,000$6.25$62.5KForm 4
Nov 6, 2023Jones Kim HarrisDirectorBuy2,000$12.62$25.2KForm 4
Nov 6, 2023Lontoh SonitaDirectorBuy8,000$12.67$101.4KForm 4
Oct 31, 2023Kreidler Robert C.DirectorBuy10,000$11.07$110.7KForm 4
Oct 27, 2023Betori Richard P.EVP; President - PeopleScoutBuy2,500$10.81$27.0KForm 4
Oct 26, 2023Savacool Kristi ADirectorBuy4,550$10.98$50.0KForm 4
Oct 26, 2023Owen Taryn RCEO and PresidentBuy10,000$11.06$110.6KForm 4
Jun 8, 2023Schweihs CarlEVP and CFOSale5,750$18.15$104.4KForm 4
May 25, 2023Fitzsimmons-Willis Kristy A.EVP; President - PeopleReadySale2,000$17.11$34.2KForm 4
May 1, 2023Ferencz GarrettEVP, Chief Legal OfficerBuy4,944$15.17$75.0KForm 4
Nov 10, 2022Ferencz GarrettEVP, Chief Legal OfficerSale1,523$21.41$32.6KForm 4
Oct 27, 2022Goings William C.DirectorSale5,323$20.01$106.5KForm 4
Mar 8, 2022Gafford Derrek LaneEVP and CFOBuy15,000$25.21$378.1KForm 4
Feb 15, 2022Christensen RichardSVP, Chief Accounting OfficerSale305$27.05$8.2KForm 4

All 22 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Pzena Investment Management LLC3,090,808$21.5M0.1%+219,178
Royce & Associates LP2,792,612$19.5M0.2%+679,802
Boston Partners2,478,866$17.3M0.0%−788,526
BlackRock, Inc.2,230,995$15.6M0.0%+73,150
IES Holdings, Inc.1,285,839$9.0M2.9%New
Vanguard Capital Management LLC1,255,732$8.8M0.0%+12,860
Hotchkis & Wiley Capital Management LLC1,200,335$8.4M0.0%−229,880
Charles Schwab Investment Management Inc1,195,620$8.3M0.0%−524,313
Azarias Capital Management, L.P.759,341$5.3M2.3%−242,609
Geode Capital Management, LLC753,807$5.3M0.0%+31,776
State Street Corp657,470$4.6M0.0%−16,912
Russell Investments Group, Ltd.656,733$4.6M0.0%−181,541
D. E. Shaw & Co., Inc.607,645$4.2M0.0%−86,822
Peapod Lane Capital LLC601,005$4.2M2.8%−39,005
Dimensional Fund Advisors LP558,963$3.9M0.0%−420,240
Prudential Financial Inc359,047$2.5M0.0%−100,300
Bank Of America Corp /de/319,212$2.2M0.0%−140,318
Invenomic Capital Management LP318,771$2.2M0.1%−90,665
RBF Capital, LLC304,488$2.1M0.1%−4,864
American Century Companies Inc301,996$2.1M0.0%−191,239
Goldman Sachs Group Inc270,514$1.9M0.0%+89,844
Jpmorgan Chase & Co239,116$1.7M0.0%−13,464
Aqr Capital Management LLC232,882$1.6M0.0%+150,660
Northern Trust Corp232,289$1.6M0.0%−11,178
Militia Capital Management LLC201,617$1.4M0.3%−75,410

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How TrueBlue is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTrueBlue, Inc.2
  • CIK0000768899
  • Employer ID (EIN)91-12873416
  • Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; not a shell company6
  • Incorporated inWashington6
  • Fiscal year endsDecember 272
  • Industry code (SIC)7363 Services-Help Supply Services2
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance2
  • Business address1015 A Street, Tacoma, WA 984022
  • Mailing addressP.O. Box 2910, 1015 A. St., Tacoma, WA 984022
  • Phone253-383-91012
  • Shares outstanding30,444,344 as of Jul 26, 202614
  • Public float$200.0M as of Jun 29, 20256
  • AuditorDeloitte & Touche LLP, Seattle, Washington PCAOB ID 34; it also attests to the company’s internal control over financial reporting6
  • On EDGAR sinceNov 22, 19952
  • Filings1,974 in all: 4 (1,133), 8-K (246), SC 13G/A (111), 10-Q (94), 3 (49), 4/A (47), SC 13G (43), DEF 14A (31)2
    All 46 form types

    10-K (30), DEFA14A (23), SCHEDULE 13G/A (20), 11-K (19), ARS (18), S-8 (16), UPLOAD (10), 8-K/A (9), CORRESP (9), S-3 (7), 3/A (4), 424B3 (4), DFAN14A (4), EFFECT (4), SCHEDULE 13G (4), 10-Q/A (3), 144 (3), 425 (3), 5 (3), S-3/A (3), S-8 POS (3), 8-A12B (2), NT 11-K (2), PRE 14A (2), S-3ASR (2), 10-K/A (1), 10-K405 (1), 25-NSE (1), 424A (1), 424B4 (1), 8-A12G (1), CERT (1), DEFR14A (1), DEFS14A (1), NO ACT (1), NT 10-Q (1), POS AM (1), PRES14A (1)

  • Latest filingsAnnual report (10-K) Feb 18, 2026
    Quarterly report (10-Q) Aug 4, 2026
    Proxy statement (DEF 14A) Apr 14, 2026
    Latest 8-K (8-K) Aug 4, 2026

Securities registered for trading

ClassSymbolExchange
Common stock, no par valueTBINew York Stock Exchange

From the cover page of the 10-K filed Feb 18, 2026 (Section 12(b) of the Exchange Act).6

Risk factors and legal proceedings

The risks TrueBlue names in Item 1A of its 10-K filed Feb 18, 2026: 38 risks under these headings, as written.6

  • To develop the following risk factors, we review risks to our business that are informed by our formal Enterprise Risk Management program, industry trends, the external market, and financial environment as well as dialogue with leaders throughout our organization. Our risk factors descriptions are intended to convey our assessment of each applicable risk and such assessments are prioritized and integrated into our strategic and operational planning.
  • RISKS RELATED TO OUR COMPANY’S OPERATIONS
  • Demand for our workforce solutions is significantly affected by fluctuations in general economic conditions.
  • Advances in technology may disrupt the labor and recruiting markets and weaken the demand for our services. Failure to constantly improve our technology to meet the expectations of clients, associates, candidates and employees could have a negative impact on our financial position and results of operations.
  • We are dependent on obtaining workers’ compensation and other insurance coverage at commercially reasonable terms. Unexpected changes in claim trends on our workers’ compensation or an inability to obtain appropriate insurance coverage may negatively impact our financial condition.
  • The loss of, continued reduction in or substantial decline in revenue from larger clients or certain industries could have a material adverse effect on our revenues, profitability and liquidity.
  • Our business and operations have undergone, and will continue to undergo, significant change as we seek to improve our operational and support effectiveness, which, if not managed effectively, could have an adverse outcome on our business and results of operations.
  • New business initiatives may cause us to incur additional expenditures and could have an adverse effect on our business.
  • Damage to our brands and reputation could have an adverse effect on our business.
  • We may not achieve the intended effects of our business strategy which could negatively impact our results.
  • Acquisitions may have an adverse effect on our business.
  • As a result of past acquisitions, we have maintained goodwill and intangible assets on our balance sheet that may decrease our earnings or increase our losses if we recognize an impairment.
The other 27 risks
  • Outsourcing certain aspects of our business could result in disruption and increased costs.
  • RISKS RELATED TO OUR FINANCIAL POSITION
  • We cannot guarantee that we will repurchase our common stock pursuant to our share repurchase program or that our share repurchase program will enhance long-term shareholder value.
  • Our level of debt and restrictions in our credit agreement could negatively affect our operations and limit our liquidity and our ability to react to changes in the economy.
  • We may not be able to align our cost structure with our current revenue level, which in turn may require additional financing in the future that may not be available or may be available only on unfavorable terms.
  • We may have additional tax liabilities that exceed our estimates.
  • Failure to maintain adequate financial and management processes and controls could lead to errors in our financial reporting or an inability to prevent or detect fraud.
  • LEGAL AND COMPLIANCE RELATED RISKS
  • We may experience employment-related claims, commercial indemnification claims and other legal proceedings that could materially harm our business.
  • Failure to protect our intellectual property could harm our business, and we face the risk that our services or products may infringe upon the intellectual property rights or contractual rights of others.
  • Our efforts to maintain adequate compliance policies and controls may not prevent violations that could result in significant fines and penalties.
  • RISKS RELATED TO OUR INDUSTRY
  • Our workforce solutions are subject to extensive government regulation and the imposition of additional regulations, which could materially harm our future earnings.
  • We may be unable to attract sufficient qualified associates and candidates to meet the needs of our clients.
  • We operate in a highly competitive industry and may be unable to retain clients, market share or profit margins.
  • Demand for the Company’s services from renewable energy clients or funding from related government sources may decrease over time.
  • RISKS RELATED TO CYBERSECURITY, DATA PRIVACY AND USE OF TECHNOLOGY
  • Cybersecurity vulnerabilities and other incidents could lead to the improper disclosure of information about our clients, candidates, associates and employees, which could materially harm our business.
  • Data security, data privacy, and data protection laws and other technology regulations increase our costs.
  • Failure of our information technology systems could adversely affect our operating results.
  • Our facilities and operations are vulnerable to damage and interruption.
  • Our development and use of AI technology involves risks and uncertainties that could expose us to legal, reputational and financial harm.
  • Our associate and customer engagement on mobile devices depends upon third parties maintaining open application marketplaces and effective operation with mobile operating systems, networks, and standards that we do not control.
  • GENERAL RISK FACTORS
  • Our results of operations could materially deteriorate if we fail to attract, develop and retain qualified employees.
  • Loss of our executive officers or other key personnel or other changes to our management team could disrupt our operations or harm our business.
  • Our shareholder rights plan and some provisions of our articles of incorporation, our bylaws and Washington law include terms and conditions that could discourage a takeover or other transaction that shareholders may consider favorable.
  • Actions of activist shareholders could cause us to incur substantial costs, divert management’s attention and resources, disrupt our business and impact the trading value of our securities.
  • Unsolicited acquisition proposals and attempts to acquire control of the company could cause us to incur significant expense, disrupt our business, result in a proxy contest or litigation and impact our stock price.
  • We face risks in operating internationally.
  • The price of our common stock may fluctuate significantly, which may result in losses for investors.
  • Natural disasters and unusual weather conditions, pandemic outbreaks, terrorist acts, global political events and other serious catastrophic events could disrupt business and otherwise materially adversely affect our business and financial condition.

Legal proceedings

See Note 9: Commitments and Contingencies, to our consolidated financial statements found in Part II, Item 8 of this Annual Report on Form 10-K.

The opening of Item 3, Legal Proceedings.6

Sources

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