{"schema_version":"secwatch.filing_event.v1","accession":"0001032220-25-000049","form_type":"8-K","ticker":"MMS","cik":"0001032220","company_name":"MAXIMUS, INC.","filed_at":"2025-11-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.597069+00:00","generated_at":"2026-05-16T17:51:59.216595+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Maximus FY2025 revenue $5.43B (+2.4%), adj. EPS $7.36; FY2026 guidance adj. EPS $7.95-$8.25, rev $5.225B-$5.425B","bullets":["Full year revenue $5.43B (+2.4% YoY); organic growth 3.9% driven by U.S. Federal clinical programs.","Full year adjusted diluted EPS $7.36 (vs $6.11 prior); operating margin expanded to 9.7% (prior 9.2%).","Free cash flow $366M; share repurchases of 5.8M shares for $457M; leverage ratio 1.5x at Sep 30, 2025.","FY2026 guidance: revenue $5.225B-$5.425B, adjusted EBITDA margin ~13.7%, adjusted EPS $7.95-$8.25, FCF $450M-$500M.","U.S. Federal Services revenue +12.1% to $3.07B, margin 15.3%; U.S. Services -7.7% to $1.76B on Medicaid unwinding."],"urls":{"canonical":"https://secwatch.observer/filing/0001032220-25-000049","json":"https://secwatch.observer/filing/0001032220-25-000049.json","markdown":"https://secwatch.observer/filing/0001032220-25-000049.md","text":"https://secwatch.observer/filing/0001032220-25-000049.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1032220/000103222025000049/0001032220-25-000049-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1032220/000103222025000049/mms-20251120.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T17:51:59.216595+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}