FTRE · Nasdaq
It filed on time and stood behind its numbers. Of companies scoring zero, 4.0% were delisted, went bankrupt, restated or stopped filing within the following year.
Hover or tap a dot to see the filings behind that score.
Fortrea Holdings Inc. (the “Company”) has determined that it is unable to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 (the “Form 10-Q”) with the Securities and Exchange Commission (the “SEC”) within the prescribed time period without unreasonable effort or expense because the Company requires additional time to finalize its financial statements and disclosures and the related impact to its internal control over financial reporting to be included in the Form 10-Q. Specifically, as a result of entering into a definitive agreement in March 2024 to divest assets relating to the Company’s Enabling Services segment, the Company needs additional time to comply with discontinued operations accounting principles, which includes the effort to separate businesses that are highly integrated within the Company, which was itself spun out of Laboratory Corporation of America Holdings on June 30, 2023. In addition, in the course of preparing its financial statements for the quarter ended March 31, 2024, the Company identified immaterial adjustments to the Company’s previously reported financial information, including to periods prior to the June 30, 2023 spin-off. These adjustments primarily relate to an overstatement in goodwill and property, plant and equipment, accounting for a customer matter, and revisions to operating expenses. The Company requires additional time to finalize these adjustments and prepare the footnote disclosure regarding these adjustments that will be included in the Form 10-Q. The Company previously reported its results of operations for the quarter ended March 31, 2024 in a press release furnished on its Current Report on Form 8-K filed on May 13, 2024. Further adjustments to the Company’s results of operations previously reported could be made as the Company finalizes its review process
NT 10-Q, filed 2024-05-15 · material weakness
Fortrea Holdings Inc. (the “Company”) has determined that it is unable to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 (the “Form 10-Q”) with the Securities and Exchange Commission (the “SEC”) within the prescribed time period without unreasonable effort or expense because the Company requires additional time to finalize its financial statements and disclosures and the related impact to its internal control over financial reporting to be included in the Form 10-Q. Specifically, as a result of entering into a definitive agreement in March 2024 to divest assets relating to the Company’s Enabling Services segment, the Company needs additional time to comply with discontinued operations accounting principles, which includes the effort to separate businesses that are highly integrated within the Company, which was itself spun out of Laboratory Corporation of America Holdings on June 30, 2023. In addition, in the course of preparing its financial statements for the quarter ended March 31, 2024, the Company identified immaterial adjustments to the Company’s previously reported financial information, including to periods prior to the June 30, 2023 spin-off. These adjustments primarily relate to an overstatement in goodwill and property, plant and equipment, accounting for a customer matter, and revisions to operating expenses. The Company requires additional time to finalize these adjustments and prepare the footnote disclosure regarding these adjustments that will be included in the Form 10-Q. The Company previously reported its results of operations for the quarter ended March 31, 2024 in a press release furnished on its Current Report on Form 8-K filed on May 13, 2024. Further adjustments to the Company’s results of operations previously reported could be made as the Company finalizes its review process
reportingrisk.com scores every active US filer on three things a company tells the SEC about itself: late-filing notices on Form NT, 8-K item 4.02 (past accounts declared unreliable) and 4.01 (auditor changes). 1,012 are flagged today.
Every score is frozen and checked twelve months later. Across 91,452 of them, a company scoring 4 or more ended that year delisted, bankrupt, restated or silent 17.2% of the time, against 4.0% for a clean record. Scores before 2026-09-27 were reconstructed from the filing history as it stood at each date, so the record is a backtest rather than years of live calls.
See the ledger → Every company the score flagged that later failed, what it told the SEC on the way down, and the ones it missed.Every item above is a filing this company
made with the SEC.
Snapshot 2026-11-04 · data from SEC EDGAR (public domain) · not
investment advice