MOBILE, Ala.--(BUSINESS WIRE)--

TruBridge ( TBRG ) , a leading provider of healthcare technology solutions for rural and community hospitals, announced today that it has postponed its fourth quarter and year-end 2025 earnings release and conference call, previously scheduled for Monday, March 16, 2026, to allow additional time for the completion of its year-end audit procedures. TruBridge ( TBRG ) will issue a subsequent press release confirming the date of the release of fourth quarter and year-end 2025 financial results and the date and time of the rescheduled earnings call (and instructions to access the call) as soon as possible.

While conducting final procedures in connection with the preparation of TruBridge’s financial statements for the fiscal year ended December 31, 2025, errors were identified in the consolidated financial statements for the year ended December 31, 2024 as well as out-of-period errors in the condensed financial statements for the quarters ended March 31, June 30, and September 30, 2025. The majority of these errors relate to accounting for revenue, software development costs, and share-based payments. As a result, TruBridge ( TBRG ) is required to make revisions to its previously issued consolidated financial statements for the year ended December 31, 2024, filed with TruBridge’s Annual Report on Form 10-K for the year then ended. TruBridge ( TBRG ) believes that such errors did not result in a material misstatement of its previously issued financial statements, and the errors are non-cash in nature and do not impact TruBridge’s operations or liquidity. The errors were identified as management continues to work to improve TruBridge’s financial reporting processes. TruBridge ( TBRG ) requires additional time and effort to complete the Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (the “2025 Form 10-K”). TruBridge ( TBRG ) expects to file the 2025 Form 10-K within the 15-day extension period granted by the Securities and Exchange Commission, as well as issue its fourth quarter and year-end 2025 financial results and hold its rescheduled earnings call by March 31, 2026.

The errors described above relate to certain deficiencies in TruBridge’s internal control over financial reporting that management determined to be material weaknesses as of December 31, 2025. These material weaknesses related to (i) revenue recognition under ASC 606, including controls to identify and evaluate contract modifications, validate manual interventions, ensure completeness and accuracy of information used in billing and revenue recognition, timely record credits, rebills and similar revenue‑related adjustments, and evaluate terms affecting recognition over-time versus point-in-time; (ii) stock‑based compensation under ASC 718, including controls to identify and document award modifications (including severance‑related outcomes), application of appropriate valuation bases, and timely true‑ups for changes in performance conditions; and (iii) capitalized software development costs recognized under ASC 985-20, including controls to determine and document technological feasibility, cease capitalization when products are available for general release, support the population and allocation of capitalizable costs with complete and accurate project data, and expense maintenance and support activities as incurred.

About TruBridge ( TBRG )

TruBridge ( TBRG ) proudly supports rural and community hospitals and providers in their efforts to stay strong, independent, and deeply rooted in the communities they serve. Backed by more than 45 years of healthcare experience and trusted by over 1,500 clients nationwide, TruBridge ( TBRG ) offers a mix of technology, services, and strategic expertise — including revenue cycle management, electronic health records (EHR) and analytics — all designed singularly for the realities of rural and community healthcare. With a steadfast commitment to keeping care local, TruBridge ( TBRG ) helps hospitals flourish as the economic heart of their communities, delivering high-quality, personal care close to home. For more information, visit www.trubridge.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, among other things, statements regarding the impact of TruBridge’s material weaknesses in internal control over financial reporting and TruBridge’s disclosure controls and procedures on its financial statements and other public disclosures, the anticipated timing for filing the 2025 Form 10-K, and the financial results of TruBridge ( TBRG ) for the fiscal year ended December 31, 2025, including impacts of the error revisions. Forward-looking statements include statements that are not historical facts and can be identified by terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” “would” or similar expressions and the negatives of those terms. Our actual results and the timing of events could materially differ from those anticipated in such forward-looking statements as a result of certain risks and uncertainties including those described in more detail in TruBridge’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and other documents on file with the SEC, as well as the risks of the possibility of further material delays in certain of TruBridge’s processes and the possibility that the control deficiencies identified or that may be identified in the future will result in additional material weaknesses in TruBridge’s internal control over financial reporting. TruBridge ( TBRG ) disclaims and does not undertake any obligation to update or revise any forward-looking statement in this filing, except as required by applicable law or regulation.

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Source: TruBridge, Inc. ( TBRG )