The law firm said it is preparing a potential securities class action after TruBridge disclosed accounting errors tied to revenue recognition, contract costs, stock-based compensation, and capitalized software development expense.
Rosen Law Firm said it is investigating potential securities claims on behalf of TruBridge, Inc. shareholders over allegations that the company may have provided materially misleading business information to investors. The inquiry follows TruBridge’s March 17, 2026 filing of a Form 12b-25 (late filing notice), which said it could not timely file its Annual Report for the fiscal year ended December 31, 2025 because it had identified out-of-period errors in previously issued financial statements and needed to complete related analyses. The company said management found errors in previously issued consolidated financial statements for the years ended December 31, 2024 and December 31, 2023, as well as out-of-period errors in condensed financial statements for the quarters ended March 31, June 30, and September 30, 2025. TruBridge said the issues related to revenue recognition, related contract cost, stock-based compensation expense, and capitalized software development expense, requiring revisions so certain revenues, costs, and expenses are recognized in the appropriate fiscal year. On that news, TruBridge shares fell $1.84, or 10.5%, to close at $15.75 on March 17, 2026. Rosen said investors who purchased TruBridge securities may be entitled to compensation through a contingency fee arrangement and invited them to join a prospective class action.