---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-080400"
form_type: "8-K"
ticker: "PSN"
cik: "0000275880"
company_name: "PARSONS CORP"
filed_at: "2025-06-02T23:59:59+00:00"
generated_at: "2026-05-20T03:29:39.442754+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Parsons cuts FY2025 revenue guidance by ~$700M at midpoint on State Dept contract uncertainty

## Summary
- Total revenue guidance lowered to $6.45-6.65B from $7.0-7.5B; midpoint down 3% YoY.
- Adjusted EBITDA guidance reduced to $590-630M from $640-710M; margin flat at 9.1%-9.5%.
- Cash flow from operations guidance cut to $380-420M from $420-480M, down 24% at midpoint.
- Company cites May 29, 2025 State Department reorganization creating uncertainty for confidential contract after June 2025.
- Excluding confidential contract, revenue guidance $6.165-6.365B, up 17% (14% organic) YoY at midpoint.

## SEC filing metadata
- accession: 0000950170-25-080400
- form_type: 8-K
- ticker: PSN
- cik: 0000275880
- company_name: PARSONS CORP
- filed_at: 2025-06-02T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/275880/000095017025080400/0000950170-25-080400-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/275880/000095017025080400/psn-20250602.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-080400
- JSON: https://secwatch.observer/filing/0000950170-25-080400.json
- Plain text: https://secwatch.observer/filing/0000950170-25-080400.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.