---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-265650"
form_type: "8-K"
ticker: "PSN"
cik: "0000275880"
company_name: "PARSONS CORP"
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:26:37.463922+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Parsons Q3 revenue down 10% to $1.6B; net income slides 11%; margin expands 60 bps

## Summary
- GAAP EPS $0.59 vs $0.65; adjusted EPS $0.86 vs $0.95; net income $64M, down 11% YoY.
- Revenue $1.6B, down 10% total and 14% organic; ex-confidential contract, up 14% total and 9% organic.
- Critical Infrastructure revenue +18%, adjusted EBITDA +83% to $86M; Federal Solutions revenue -29% (ex-confidential +9%).
- Backlog $8.8B (72% funded, highest since IPO); book-to-bill 1.0x; TTM book-to-bill 1.0x for 6th straight year.
- FY2025 revenue guidance lowered to $6.4-6.5B (from $6.48-6.68B); adjusted EBITDA and cash flow guidance reiterated at mid-point.

## SEC filing metadata
- accession: 0001193125-25-265650
- form_type: 8-K
- ticker: PSN
- cik: 0000275880
- company_name: PARSONS CORP
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/275880/000119312525265650/0001193125-25-265650-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/275880/000119312525265650/psn-20251105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-265650
- JSON: https://secwatch.observer/filing/0001193125-25-265650.json
- Plain text: https://secwatch.observer/filing/0001193125-25-265650.txt

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