Key Takeaways

• Continued strong demand with 24% year-over-year increase in contract awards and a 1.2x book-to-bill ratio for the quarter, positioning the company for continued success
• Middle East resiliency with 10% organic revenue growth and a 1.1x book-to-bill ratio
• Portfolio-shaping initiatives implemented to prioritize profitable, sustainable growth and enhance long-term shareholder value
   

Q2 2026 Financial Highlights

• Book-to-bill ratio of 1.2x, exceeded 1.0x in both segments and continued streak of TTM book-to-bill ratio of 1.0x or greater in every quarter since 2019 IPO. Federal Solutions bookings increase 51% year-over-year
• Significant Q2 2026 wins underscore Parsons strategic positioning and technology leadership
• Q2 revenue of $1.6 billion decreased 1% year-over-year and 5% on an organic basis, in-line with expectations
• Revenue growth of 8% excluding confidential contract and portfolio-shaping actions; 3% on an organic basis
• Net income of ($15 million) decreased $70 million year-over-year. Net income was impacted by a net loss of $85 million on programs relating to the company's portfolio-shaping actions and charges on a joint venture program
• Adjusted EBITDA decreased 72% to $42 million. Excluding $118 million of charges, adjusted EBITDA of $161 million increased 8% year-over-year
• Adjusted EBITDA margin contracted 670 basis points to 2.7%. Excluding the impact of charges, adjusted EBITDA increased 70 basis points to 10.1%
• Total and funded backlog increased to $9.3 billion and $6.6 billion, respectively
• Revising fiscal year 2026 guidance ranges
   

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Q1 2026 Financial Highlights 

• Q1 revenue of $1.5 billion decreased 4% year-over-year and 8% on an organic basis
• Revenue growth of 8% excluding confidential contract; 3% on an organic basis
• Net income of $53 million decreased $13 million year-over-year
• Adjusted EBITDA increased 1% to $151 million, a Q1 record
• Adjusted EBITDA margin expanded 50 basis points to a record 10.1%
• Cash flow used in operating activities of $4 million, a Q1 record
• Book-to-bill ratio of 1.4x in both segments extends company streak of TTM book-to-bill ratio of 1.0x or greater in every quarter since IPO
• Total and funded backlog increased to a record $9.3 billion and $6.6 billion, respectively
• Reiterating fiscal year 2026 guidance ranges
   

CHANTILLY, Va., April 29, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced financial results for the first quarter ended March 31, 2026.

CEO Commentary

“Our first quarter results highlighted the resilience of our business and our team's high level of execution, as we delivered our highest adjusted EBITDA margin ever, reached record levels for both total and funded backlog, achieved a robust book-to-bill ratio of 1.4x in both segments, and generated record first quarter cash flow. Revenue performance was in line with our expectations, and we continued to complement our organic growth with strategic, accretive acquisitions that enhance our differentiation and drive long-term shareholder value," said Carey Smith, chair, president, and chief executive officer.

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Q4 2025 Financial Highlights 

• Q4 revenue of $1.6 billion decreased 8% year-over-year and 10% on an organic basis
• Total revenue growth of 11% and 8% on an organic basis excluding confidential contract
• Net income of $56 million increased 3% year-over-year, a fourth quarter record
• Record adjusted EBITDA of $153 million increased 5%; adjusted EBITDA margin of 9.6%
• Cash flow from operations increased 32% to $168 million
• Book-to-bill ratio of 0.9x and continued streak of TTM book-to-bill ratio of 1.0x or greater in every quarter since IPO

Fiscal Year 2025 Highlights

• FY25 revenue of $6.4 billion, decreased 6% year-over-year and 9% on an organic basis
• Total revenue growth of 12% and 8% on an organic basis excluding confidential contract
• Record net income of $241 million increased 3%
• Adjusted EBITDA of $609 million increased 1%; adjusted EBITDA margin of 9.6%, both records for a full-year
• Cash flow from operations decreased 9% to $478 million; 100% free cash flow conversion
• Won 15 contracts each worth $100 million or more, matching the company's record from last year
• Establishing fiscal year 2026 guidance and long-term financial targets
  
   

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Q3 2025 Financial Highlights 

• Q3 revenue of $1.6 billion decreased 10% year-over-year and 14% on an organic basis
• Revenue growth of 14% excluding confidential contract; 9% on an organic basis
• Q3 net income of $64 million decreased $8 million year-over-year
• Q3 adjusted EBITDA decreased 5% to $158 million; adjusted EBITDA margin of 9.8% increased 60 basis points
• Book-to-bill ratio of 1.0x and continued streak of TTM book-to-bill ratio of 1.0x or greater in every quarter since IPO
• Total backlog increased to $8.8 billion; 72% is funded, highest level since IPO
• Modifying fiscal year 2025 revenue and reiterating adjusted EBITDA and cash flow guidance ranges at mid-point
   

CHANTILLY, Va., Nov. 05, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced financial results for the third quarter ended September 30, 2025.

CEO Commentary

“We are pleased with our third quarter results. We delivered double-digit revenue growth, achieved 60 basis points of margin expansion, exceeded our cash flow expectation, secured defense contracts in the Administration's priority areas, and continued to deliver outstanding results in our Critical Infrastructure segment. In addition, our win rates and hiring and retention remain strong, and we completed another accretive acquisition after the quarter ended,” said Carey Smith, chair, president and chief executive officer.

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