Welcome to our dedicated page for Maximus SEC filings (Ticker: MMS), 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.
Maximus, Inc. filings document the regulatory record of a public government-services contractor with common stock listed under MMS. Its 8-K reports cover quarterly and annual operating results, financial condition, earnings guidance, capital-return actions, stock repurchase authorizations and senior officer changes.
The company’s proxy materials describe board elections, auditor ratification, advisory executive-compensation votes, equity compensation disclosures and shareholder voting results. Together, the filings address Maximus’s governance structure, executive compensation, common-stock capital actions and formal disclosures related to its U.S. Federal Services, U.S. Services and Outside the U.S. operating segments.
Maximus, Inc. Chief Financial Officer David Mutryn reported an open-market purchase of company stock. On February 9, 2026, he bought 1,000 shares of Maximus common stock at a price of $75.625 per share. After this transaction, he directly owned 40,036.754 shares of Maximus common stock.
Maximus, Inc. reported lower quarterly revenue but sharply higher profitability for the three months ended December 31, 2025. Revenue was $1,345,046 (in thousands), down 4.1% year over year, yet gross margin improved to 23.7% from 21.5% and operating margin rose to 10.9% from 6.2%.
Net income more than doubled to $93,943 (in thousands), with diluted EPS increasing to $1.70 from $0.69. Adjusted EBITDA rose to $170,414 (in thousands), and adjusted diluted EPS reached $1.85 versus $1.61. U.S. Federal Services led performance with a 16.5% operating margin, while U.S. Services and Outside the U.S. saw revenue and margin pressure.
Cash flow was weak: operating activities used $244,402 (in thousands), reflecting slower collections, a government shutdown, and contract-related delays. Debt grew to $1,579,375 (in thousands), though the consolidated net total leverage ratio remained moderate at 1.79. The company sold its U.S. child support business for about $14.0 million, recognized a $9.0 million gain, continued share repurchases, and maintained a $0.30 quarterly dividend, with a subsequent dividend of $0.33 declared for March 2026.
Maximus, Inc. furnished a current report to share its financial results for the quarter ended December 31, 2025. The company did this by issuing a press release on February 5, 2026, which is attached as Exhibit 99.1. The information is provided under Item 2.02 of the Exchange Act and is designated as “furnished,” meaning it is not treated as filed for liability purposes unless specifically incorporated into other securities law filings.
Maximus, Inc. is asking shareholders to vote at its 2026 virtual annual meeting on three items: electing eight directors, ratifying KPMG as auditor, and approving executive pay on an advisory basis. The proxy highlights a strong 2025, with revenue of $5.43 billion, organic growth of 3.9%, adjusted EBITDA margin of 12.9%, adjusted diluted EPS of $7.36 and free cash flow of $366 million. The company reports signed awards of $4.7 billion and a sales pipeline over $51.3 billion, including notable U.S. federal contracts of $123 million, $86 million and $77 million. The Board emphasizes AI-driven technology modernization, talent development initiatives, robust risk oversight, high director and employee engagement, and a pay-for-performance program that received about 98.4% shareholder support in the most recent Say-on-Pay vote.
Maximus, Inc. CEO and President Bruce Caswell, who also serves as a director, filed an amended Form 4/A updating his direct ownership of Maximus common stock. On December 2, 2025, he received 96,187.385 shares at a price of $0 upon the release of performance stock units granted on November 25, 2022, including 2,973.815 shares from dividend equivalent rights.
On the same date, 47,276.1 shares were surrendered at $86.51 to cover withholding taxes related to the PSU release. Following these transactions and a downward adjustment of 1.515 shares to correct a clerical error, Caswell directly owned 324,838.285 shares of Maximus common stock. The amendment was filed to correct an administrative error that had caused under-reporting of his prior transactions and beneficial ownership.
Maximus, Inc. disclosed that Chief Legal Officer and Corporate Secretary John T. Martinez notified the company on December 15, 2025 of his intention to resign, effective February 15, 2026.
The company states that his decision is solely driven by a personal desire to pursue a new opportunity aligned with his industry background and is not due to any disagreement regarding operations, policies, or practices. Martinez will remain in his current role until his departure, and Maximus has begun a search for his successor.
Maximus, Inc. CEO and President David Mutryn reported equity transactions in the company’s common stock. On 12/02/2025, he acquired 13,391.387 shares at $0 when previously granted performance stock units vested, including 414.003 shares from dividend equivalent rights. On the same date, he surrendered 39,036.754 shares at $86.51 to cover withholding taxes tied to this vesting. After these transactions, he continued to directly hold a significant number of Maximus shares.
MAXIMUS, Inc. insider equity award activity is reported for the company’s Chief Financial Officer. On December 2, 2025, the officer acquired 13,391.387 shares of common stock at $0 per share following the release of previously granted performance stock units. This amount includes 414.003 shares from dividend equivalent rights tied to those units.
On the same date, the officer surrendered 6,039.515 shares of common stock at a price of $86.51 per share to cover withholding taxes related to the award. After these transactions, the officer directly owned 39,036.754 shares of MAXIMUS common stock.
MAXIMUS, INC. officer equity award vests and shares withheld for taxes. A company officer, General Manager - Health & Human, reported the release of 7,647.465 shares of common stock on 12/02/2025 from previously granted performance stock units. This amount includes 236.401 shares from dividend equivalent rights on the performance stock units granted on November 25, 2022.
The officer then surrendered 3,831.38 shares at a price of $86.51 per share to cover withholding taxes related to the award’s release. After these transactions, the officer beneficially owns 25,392.859 shares of MAXIMUS common stock directly.