TruBridge TBRG Q4 2025 Earnings Transcript

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Tue, June 2, 2026 astatine 12:43 PM CDT 37 min read

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DATE

Monday, March 16, 2026 astatine 4:30 p.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Christopher Fowler

• Chief Financial Officer — Vinay Bassi

Full Conference Call Transcript

Christopher Fowler: Thank you, John, and convey you, Dru, and convey you to everyone for joining america contiguous to sermon our Full Year and Fourth Quarter. Before discussing our results, I would similar to code 2 topics. First, we filed our 10-K with the SEC successful compliance with the hold period. As we disclosed earlier this month, we identified definite out-of-period adjustments during last audit procedures with our caller outer auditor. As a reminder, this is our archetypal year-end audit together. These adjustments are chiefly related to gross designation and related costs, capitalized bundle improvement costs and nonroutine transactions.

I privation to stress that these adjustments are noncash and not worldly to our fiscal 2025 fiscal statements oregon to our antecedently issued financials. While the hold was frustrating, this process reflects our committedness to strengthening our fiscal reporting standards and our interior controls. Secondly, arsenic you whitethorn person work successful the 10-K, implicit the past respective months, we person been engaged successful a strategical reappraisal process considering a scope of alternatives to maximize shareholder value. We volition supply further accusation arsenic appropriate. As a result, we are not issuing ceremonial guidance today, but we expect to execute humble gross maturation successful 2026 and expect astir 200 ground points of betterment successful adjusted EBITDA margins.

Turning present to an overview of the numbers for the 4th fourth and afloat twelvemonth 2025. Total gross for the 4th came successful astatine $87.2 million, successful enactment with the midpoint of the revised guidance we provided past quarter. Adjusted EBITDA of $19.2 cardinal was astatine the precocious extremity of our guidance scope and represented a flimsy enlargement successful margins compared to the anterior year. For the afloat year, our full gross was $346.8 million, a 1.4% summation implicit 2024. Adjusted EBITDA was $68.7 million, up 23% year-over-year. In presumption of escaped currency flow, we generated $20 cardinal for the year, an summation of $5 cardinal implicit 2024.

Bookings of $19.8 cardinal connected a full declaration worth ground compared to $15.5 cardinal sequentially and $14.3 cardinal a twelvemonth ago. In Q4, our bookings were supported by increasing SaaS, strategical partners, including Microsoft and our exclusive Dragon Copilot integration with TruBridge EHR and continued request for our broad gross rhythm exertion and services platform. The pipeline we spot contiguous is encouraging and gives america assurance that our marketplace is an situation of steadfast demand. As a impervious point, the dollar worth of our wide income pipeline is presently the highest it has been successful 9 quarters and has accrued 53% since the opening of Q3. And the summation we are seeing is diversified crossed our business.