TruBridge, Inc.
TBRG · Services-Computer Programming Services · 15.0M shares · +1%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: -$696K (gross $3M, SBC $3M)
Reference price $23.00 · est. market cap ~$345M — last insider purchase, 2025-12-03 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C56Healthcare-IT/revenue-cycle vendor with thin margins, slow growth, and leverage, but positive FCF.
Strengths
- Positive FCF — $35.6M (44th)
- Healthy gross margin — 53.0%
Risks
- Thin profitability — net margin 1.3%, net income -120.8% (19th)
- Leverage — D/E 0.91 (79th)
- Slow growth — +1.4%
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC, RENAISSANCE TECHNOLOGIES LLC
- Notable holderHeld by 4 notable fund(s): STATE STREET CORP, GOLDMAN SACHS GROUP INC, CITADEL ADVISORS LLC +1 more (as of 2026-03-31)
- New fund positionNotable fund(s) opened this quarter: CITADEL ADVISORS LLC
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
53.0%
Operating margin
6.0%
Net margin
1.3%
Return on equity
2.4%
Return on assets
1.1%
ROIC
4.9%
Revenue growth (QoQ)
-1.7%
Debt / equity
0.9×
Current ratio
1.8×
Free cash flow
$36M
Tangible book value
-$59M
Cash & investments
$25M
Stock comp / revenue
2.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-04-08 | MacIntyre Vita | Grant | 909 | — |
| 2026-04-08 | Bassi Vinay | Grant | 13K | — |
| 2026-04-08 | Plessner Kevin | Grant | 2.6K | — |
| 2026-04-08 | Fowler Christopher L | Grant | 20K | — |
| 2026-04-08 | Daughton Michael | Grant | 11K | — |
| 2026-04-08 | Wilson Merideth | Grant | 5.2K | — |
| 2026-04-08 | Harse David | Grant | 5.1K | — |
| 2026-03-27 | MacIntyre Vita | Tax withheld | 187 | $14.07 |
| 2026-03-16 | Bassi Vinay | Tax withheld | 4.0K | $17.59 |
| 2026-03-16 | Harse David | Tax withheld | 1.1K | $17.59 |
| 2026-03-16 | Plessner Kevin | Tax withheld | 825 | $17.59 |
| 2026-03-16 | Fowler Christopher L | Tax withheld | 5.9K | $17.59 |
| 2026-03-16 | DYE DAVID A | Tax withheld | 2.8K | $17.59 |
| 2026-03-13 | DYE DAVID A | Tax withheld | 1.3K | $17.31 |
| 2026-03-13 | Wilson Merideth | Tax withheld | 604 | $17.31 |
| 2026-03-13 | Harse David | Tax withheld | 571 | $17.31 |
| 2026-03-13 | MacIntyre Vita | Tax withheld | 125 | $17.31 |
| 2026-03-13 | Bassi Vinay | Tax withheld | 1.8K | $17.31 |
| 2026-03-13 | Plessner Kevin | Tax withheld | 340 | $17.31 |
| 2026-03-13 | Fowler Christopher L | Tax withheld | 2.2K | $17.31 |
| 2026-03-09 | Harse David | Tax withheld | 377 | $18.47 |
| 2026-03-09 | Plessner Kevin | Tax withheld | 280 | $18.47 |
| 2026-03-09 | Fowler Christopher L | Tax withheld | 2.1K | $18.47 |
| 2026-03-09 | DYE DAVID A | Tax withheld | 1.4K | $18.47 |
| 2025-12-03 | Pinetree Capital Ltd. | Buy | 10K | $23.00 |
| 2025-12-02 | Pinetree Capital Ltd. | Buy | 45K | $22.72 |
| 2025-12-01 | Pinetree Capital Ltd. | Buy | 75K | $22.40 |
| 2025-11-19 | Pinetree Capital Ltd. | Buy | 8.5K | $20.70 |
| 2025-11-19 | Pinetree Capital Ltd. | Buy | 8.5K | $20.70 |
| 2025-11-19 | Pinetree Capital Ltd. | Buy | 5.0K | $20.52 |
| 2025-11-18 | Pinetree Capital Ltd. | Buy | 3.6K | $20.84 |
| 2025-11-18 | Pinetree Capital Ltd. | Buy | 3.6K | $20.84 |
| 2025-11-17 | Pinetree Capital Ltd. | Buy | 21K | $20.42 |
| 2025-11-17 | Pinetree Capital Ltd. | Buy | 21K | $20.42 |
| 2025-11-17 | Daughton Michael | Buy | 18K | $20.46 |
| 2025-11-14 | Pinetree Capital Ltd. | Buy | 19K | $20.23 |
| 2025-11-14 | Daughton Michael | Buy | 2.5K | $20.15 |
| 2025-11-13 | Daughton Michael | Buy | 4.4K | $20.16 |
| 2025-11-13 | Pinetree Capital Ltd. | Buy | 21K | $20.41 |
| 2025-11-12 | Pinetree Capital Ltd. | Buy | 8.9K | $19.94 |
| 2025-11-12 | Daughton Michael | Buy | 10K | $19.95 |
| 2025-11-11 | Daughton Michael | Buy | 15K | $19.39 |
| 2025-10-15 | Daughton Michael | Grant | 7.5K | — |
| 2025-07-01 | Fowler Christopher L | Tax withheld | 2.3K | $23.48 |
| 2025-05-23 | L6 Holdings Inc. | Buy | 25K | $24.01 |
| 2025-05-23 | L6 Holdings Inc. | Buy | 15K | $24.01 |
| 2025-05-22 | L6 Holdings Inc. | Buy | 15K | $23.98 |
| 2025-05-22 | L6 Holdings Inc. | Buy | 15K | $23.98 |
| 2025-05-21 | L6 Holdings Inc. | Buy | 40K | $24.30 |
| 2025-05-21 | L6 Holdings Inc. | Buy | 40K | $24.30 |
| 2025-05-20 | MacIntyre Vita | Sell | 335 | $24.94 |
| 2025-05-16 | Fowler Christopher L | Sell | 6.0K | $25.05 |
| 2025-03-27 | MacIntyre Vita | Tax withheld | 188 | $28.53 |
| 2025-03-21 | L6 Holdings Inc. | Buy | 31K | $27.99 |
| 2025-03-19 | L6 Holdings Inc. | Buy | 66K | $26.93 |
| 2025-03-17 | Harse David | Tax withheld | 1.1K | $28.10 |
| 2025-03-17 | Plessner Kevin | Tax withheld | 798 | $28.10 |
| 2025-03-17 | Fowler Christopher L | Tax withheld | 5.8K | $28.10 |
| 2025-03-17 | Bassi Vinay | Tax withheld | 4.0K | $28.10 |
| 2025-03-17 | Severance Dawn M | Tax withheld | 1.1K | $28.10 |
| 2025-03-14 | Harse David | Sell | 1.7K | $27.40 |
| 2025-03-14 | Fowler Christopher L | Sell | 5.1K | $27.02 |
| 2025-03-13 | MacIntyre Vita | Grant | 1.0K | — |
| 2025-03-13 | Wilson Merideth | Grant | 7.4K | — |
| 2025-03-13 | Anquillare Mark V | Grant | 4.4K | — |
| 2025-03-13 | Benjamin Regina M. | Grant | 4.4K | — |
| 2025-03-13 | Canada Jerry G Jr. | Grant | 4.4K | — |
| 2025-03-13 | DYE DAVID A | Grant | 4.4K | — |
| 2025-03-13 | HJELM CHRISTOPHER T | Grant | 4.4K | — |
| 2025-03-13 | O'Keefe Amy K | Grant | 4.4K | — |
| 2025-03-13 | TOBIN GLENN | Grant | 4.4K | — |
| 2025-03-13 | Bassi Vinay | Grant | 15K | — |
| 2025-03-13 | Fowler Christopher L | Grant | 23K | — |
| 2025-03-13 | Harse David | Grant | 5.8K | — |
| 2025-03-13 | Plessner Kevin | Grant | 3.0K | — |
| 2025-03-13 | Severance Dawn M | Grant | 5.1K | — |
| 2025-03-13 | Wilson Merideth | Grant | 6.0K | — |
| 2025-03-13 | Upitis Andris | Grant | 4.4K | — |
| 2025-03-07 | Severance Dawn M | Tax withheld | 386 | $28.30 |
| 2025-03-07 | Plessner Kevin | Tax withheld | 197 | $28.30 |
| 2025-03-07 | Plessner Kevin | Tax withheld | 320 | $28.30 |
| 2025-03-07 | Fowler Christopher L | Tax withheld | 791 | $28.30 |
| 2025-03-07 | Fowler Christopher L | Tax withheld | 2.1K | $28.30 |
| 2025-03-07 | Severance Dawn M | Tax withheld | 328 | $28.30 |
| 2025-02-25 | L6 Holdings Inc. | Buy | 87K | $28.09 |
| 2025-02-24 | L6 Holdings Inc. | Buy | 30K | $28.28 |
| 2025-02-21 | Pinetree Capital Ltd. | Buy | 86K | $28.25 |
| 2025-02-20 | Pinetree Capital Ltd. | Buy | 35K | $27.99 |
| 2025-02-19 | Pinetree Capital Ltd. | Buy | 4.1K | $28.00 |
| 2025-02-18 | Pinetree Capital Ltd. | Buy | 6.8K | $28.16 |
| 2025-02-14 | Pinetree Capital Ltd. | Buy | 28K | $27.99 |
| 2025-02-13 | Pinetree Capital Ltd. | Buy | 75K | $27.61 |
| 2024-12-31 | DYE DAVID A | Disposition | 9.5K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-23 | Other | filing ↗ |
| 2026-05-08 | ResultsExhibits | filing ↗ |
| 2026-04-23 | Material agreementReg FDExhibits | filing ↗ |
| 2026-03-31 | ResultsExhibits | filing ↗ |
| 2026-01-08 | Material agreementExec/director changeReg FDExhibits | filing ↗ |
| 2025-12-01 | Material agreementDebt obligationExhibits | filing ↗ |
| 2025-11-06 | ResultsExhibits | filing ↗ |
| 2025-10-03 | Exec/director changeOtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-23 | 2026-06-22 | 0001193125-26-278592 ↗ |
| 8-K | 2026-05-08 | 2026-05-08 | 0001437749-26-015921 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0001169445-26-000009 ↗ |
| 10-K/A | 2026-04-30 | 2025-12-31 | 0001193125-26-194311 ↗ |
| 8-K | 2026-04-23 | 2026-04-23 | 0001193125-26-172139 ↗ |
| 10-K | 2026-03-31 | 2025-12-31 | 0001169445-26-000006 ↗ |
| 8-K | 2026-03-31 | 2026-03-31 | 0001437749-26-010657 ↗ |
| 8-K | 2026-01-08 | 2026-01-07 | 0001193125-26-007672 ↗ |
| 8-K | 2025-12-01 | 2025-11-25 | 0001193125-25-303161 ↗ |
| 10-Q | 2025-11-07 | 2025-09-30 | 0001169445-25-000077 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001437749-25-033614 ↗ |
| 8-K | 2025-10-03 | 2025-10-01 | 0001193125-25-229309 ↗ |