TruBridge Reports Strong Start to 2025

Trubridge, Inc. ( (TBRG) ) has released its Q1 earnings. Here is a breakdown of the information Trubridge, Inc. presented to its investors.

TruBridge, Inc. is a healthcare solutions company that provides technology-driven services to over 1,500 healthcare organizations, focusing on revenue cycle management and electronic health records. In its first quarter of 2025, TruBridge reported a total revenue of $87.2 million, marking an increase from the previous year’s $84.1 million. The company also achieved a GAAP net income of $0.5 million, a significant improvement from a net loss of $1.9 million in the same quarter last year. Non-GAAP net income rose to $5.2 million, and adjusted EBITDA increased to $18.2 million, reflecting strong operational performance.

Key financial metrics for the quarter included recurring revenue making up 94% of the total revenue, with Financial Health revenue contributing 64% of the total. Despite a slight decline in total bookings from $23.6 million to $22.0 million, the company saw positive trends in its Financial Health segment, which experienced significant expansion and competitor displacement in Patient Care. The introduction of a new reporting method focusing on annual contract value was also a notable development.

TruBridge’s strategic efforts included the appointment of Merideth Wilson as General Manager of the Financial Health business unit, who is already making a positive impact. The company also made strides in debt reduction, lowering its leverage ratio to 2.4x. These efforts are part of TruBridge’s ongoing commitment to serving rural and community markets while advancing its long-term success goals.

Looking ahead, TruBridge expects to generate total revenue between $85.5 million and $87.5 million for the second quarter of 2025, with adjusted EBITDA projected to be between $12.5 million and $14.5 million. For the full year, the company maintains its revenue guidance of $345 million to $360 million and has revised its adjusted EBITDA guidance to $60 million to $66 million, indicating confidence in its strategic direction and operational capabilities.