Business Wire·May 8, 2026, 4:05 PM ET

TruBridge Announces First Quarter 2026 Results

TBRG

TruBridge, Inc. announced financial results for the first quarter ended March 31, 2026, while revealing a definitive agreement to be acquired by Inventurus Knowledge Solutions, Inc. (IKS).
Under the acquisition terms, TruBridge shareholders will receive $26.25 in cash per share, with the transaction expected to close in the third calendar quarter of 2026 pending regulatory approvals.
Total bookings for the quarter reached $17.7 million, compared to $17.3 million in the prior year period.
Total revenue declined to $86.3 million from $87.2 million in the same quarter last year, with recurring revenue accounting for 94% of the total.
GAAP net income remained flat at $0.5 million, while Non-GAAP net income increased to $8.5 million from $5.2 million in the prior year.
Adjusted EBITDA decreased to $16.5 million from $18.2 million in the prior year period.
TruBridge will not host a conference call or webcast to discuss these results due to the pending transaction with IKS.
Financial Health segment revenue was $53.3 million, while Patient Care segment revenue was $33.0 million.
Cash and cash equivalents increased to $35.4 million as of March 31, 2026, from $24.9 million at the end of 2025.
Total assets stood at $407.5 million, with total liabilities at $228.9 million and stockholders' equity at $178.7 million.
Net cash provided by operating activities was $15.5 million, contrasting with $5.8 million in the prior year.
Non-GAAP earnings per share (diluted) rose to $0.59 from $0.36 in the same quarter of the previous year.