Welcome to our dedicated page for Casella Waste SEC filings (Ticker: CWST), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Casella Waste Systems, Inc. (NASDAQ: CWST) files a range of documents with the U.S. Securities and Exchange Commission that provide detailed insight into its operations as a regional solid waste, recycling and resource management services company headquartered in Rutland, Vermont. This SEC filings page aggregates those disclosures and pairs them with AI-powered summaries to help readers interpret the information more efficiently.
Among the most frequently referenced filings for Casella are current reports on Form 8-K. The company uses Form 8-K to announce quarterly financial results, including revenues, net income, and non-GAAP measures such as Adjusted EBITDA and Adjusted Free Cash Flow, and to furnish related earnings press releases. These filings also describe updated guidance ranges and discuss factors affecting performance, such as acquisition activity, collection and disposal pricing, and landfill volumes.
Casella’s 8-K filings also document significant corporate events, including its CEO succession plan. One filing explains that John W. Casella will transition from Chief Executive Officer to Executive Chairman of the Board, and that Edmond R. “Ned” Coletta has been appointed as Chief Executive Officer and a member of the Board as of a specified effective date. Another filing notes the subsequent press release announcing this succession plan.
In addition, Casella files 8-Ks describing the remarketing and redemption of tax-exempt solid waste disposal revenue bonds issued through the Finance Authority of Maine and the New York State Environmental Facilities Corporation. These filings outline the principal amounts, interest rates, maturities, use of proceeds to finance assets used in the company’s or its subsidiaries’ operations, and the guaranty arrangements involving substantially all of the company’s subsidiaries.
On this page, users can review Casella’s 10-K annual reports and 10-Q quarterly reports alongside these 8-Ks, with AI-generated explanations that highlight key sections, summarize complex tables, and clarify topics such as segment information, indebtedness, and risk factors. The filings page also provides access to ownership and insider transaction disclosures, allowing readers to examine Form 4 and related documents in the context of the company’s broader regulatory record.
Casella Waste Systems outlines its 2025 business performance and strategy as a vertically integrated solid waste and recycling company operating across eleven states. The company manages three regional solid waste segments plus a Resource Solutions segment focused on recycling, organics and national accounts.
For 2025, segment revenues reached $472.6 million in the Eastern region, $663.2 million in the Western region, $341.1 million in the Mid-Atlantic region and $360.0 million in Resource Solutions. Casella completed nine acquisitions in 2025 and reports a consolidated net leverage ratio of 2.34x as of December 31, 2025, while continuing to invest in landfill capacity, rail-served disposal, risk-managed recycling contracts, and extensive workforce development programs for its approximately 5,600 employees.
Casella Waste Systems reported strong growth for the fourth quarter and fiscal year 2025. Quarterly revenue reached $469.1 million, up 9.7% from 2024, while full-year revenue rose 18.0% to $1.837 billion, driven by acquisitions and solid waste pricing gains.
Despite this, profitability on a GAAP basis softened. Net loss for the quarter was $(2.5) million versus income of $4.9 million a year earlier, and full-year net income fell to $7.9 million, down 41.9%, largely due to higher costs and depreciation and amortization tied to acquisitions.
Non-GAAP metrics were much stronger. Full-year Adjusted EBITDA increased 17.3% to $422.8 million, and Adjusted Free Cash Flow rose 13.6% to $179.9 million. For 2026, the company guides to revenue of $1.970–$1.990 billion, Adjusted EBITDA of $455–$465 million, and Adjusted Free Cash Flow of $195–$205 million.
BlackRock, Inc. filed an amended Schedule 13G reporting passive ownership of Casella Waste Systems Inc. Class A stock as of 12/31/2025. BlackRock reports beneficial ownership of 8,928,731 shares, representing 14.3% of this share class, with sole voting power over 8,804,258 shares and sole dispositive power over the full 8,928,731 shares. The filing notes that these holdings reflect certain BlackRock business units and that iShares Core S&P Small-Cap ETF alone holds more than five percent of Casella’s outstanding common stock. BlackRock certifies the position is held in the ordinary course of business and not for the purpose of changing or influencing control of Casella.
The Vanguard Group filed an amended Schedule 13G reporting its beneficial ownership of Casella Waste Systems Inc common stock. Vanguard reports holding 6,574,893 shares, representing 10.51% of the outstanding common stock as of 12/31/2025. Vanguard has no sole voting power over these shares but shares voting power over 444,249 shares, while holding sole dispositive power over 6,052,403 shares and shared dispositive power over 522,490 shares. Vanguard certifies that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Casella.
Casella Waste Systems (CWST) reported an insider transaction by Executive VP and CFO Bradford Helgeson. On 11/07/2025, he sold 262 shares of Class A common stock at $87.65 per share in a sell-to-cover for tax withholding tied to vested RSUs. This sale was executed under an automatic sell-to-cover instruction adopted on November 16, 2023 and was not a discretionary sale. Following the transaction, he beneficially owns 4,991 shares, held directly.
Casella Waste Systems (CWST): Director reports charitable gift
A company director reported a gift of 1,130 shares of Class A Common Stock on 11/05/2025 at a price of $0 (transaction code G). The footnote states the shares were donated to the Nagle-Green Charitable Fund at Fidelity. Following the transaction, the director beneficially owns 15,709 shares directly and 5,647 shares indirectly through the Jack Calvin Green Unelected Trust, where the director is a trustee and beneficiary.
Casella Waste Systems (CWST) director filed a Form 4 reporting the sale of 1,116 shares of Class A Common Stock on November 4, 2025 at $89.38 per share.
After the reported transaction, the insider beneficially owned 16,839 shares directly and 5,647 shares indirectly through the Jack Calvin Green Unelected Trust, where the reporting person is a trustee and beneficiary.
Casella Waste Systems (CWST) reported stronger Q3 results. Revenue rose to $485.3 million from $411.6 million, driven by higher collection revenue across the Eastern, Western, and Mid-Atlantic regions and growth in Resource Solutions. Operating income increased to $29.4 million from $24.4 million. Net income was $10.0 million versus $5.8 million, with diluted EPS of $0.16 versus $0.10.
For the nine months, revenue reached $1.37 billion versus $1.13 billion, while operating income was $51.8 million versus $54.2 million. Cash flow from operations improved to $233.2 million. The company invested $217.5 million in acquisitions (eight businesses) and $187.8 million in property and equipment, reflecting continued expansion. Goodwill rose to $1.12 billion, and intangible assets, net, were $308.9 million.
Debt was $1.15 billion (principal) with $800 million under the Term Loan Facility and $273.5 million of tax‑exempt bonds; $673.4 million remained available on the revolver. Shares outstanding as of October 15, 2025 were 62,505,316 Class A and 988,200 Class B.