---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-008320"
form_type: "8-K"
ticker: "APG"
cik: "0001796209"
company_name: "APi Group Corp"
filed_at: "2026-02-17T23:59:59+00:00"
generated_at: "2026-05-16T02:30:04.778960+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# APi Group pre-announces 2025 beat; 2026 revenue guidance $8.4B-$8.6B, EBITDA $1.14B-$1.2B

## Summary
- 2025 net revenue expected comfortably above $7,825M-$7,925M; adjusted EBITDA above $1,015M-$1,045M midpoint.
- Adjusted EBITDA margin above 13% target; adjusted free cash flow conversion in line with 80% target.
- Net leverage ratio expected significantly below 2.0x, well under 2.5-3.0x target.
- 2026 guidance: net revenue $8,400M-$8,600M; adjusted EBITDA $1,140M-$1,200M (13.8% margin at midpoint).
- Senior leadership participating in Citi and Barclays industrial conferences on Feb 17-18, 2026.

## SEC filing metadata
- accession: 0001628280-26-008320
- form_type: 8-K
- ticker: APG
- cik: 0001796209
- company_name: APi Group Corp
- filed_at: 2026-02-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1796209/000162828026008320/0001628280-26-008320-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1796209/000162828026008320/apg-20260217.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-008320
- JSON: https://secwatch.observer/filing/0001628280-26-008320.json
- Plain text: https://secwatch.observer/filing/0001628280-26-008320.txt

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