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Parsons Corp director George L. Ball reported an open-market purchase of 20,000 shares of common stock on 2026-08-07 at $47.97 per share. Following this transaction, he directly holds 170,383 shares. In addition, an indirect holding of 205,000 shares is reported as held by the George L. and Coleen M. Ball Family Trust, over which Mr. Ball has shared voting, investment and dispositive power. The filing does not indicate use of a Rule 10b5-1 trading plan.
Newport Trust Company, LLC filed an amended Schedule 13G reporting its beneficial ownership of Parsons Corp common stock. Newport Trust reports beneficial ownership of 49,370,624 shares of Parsons common stock, representing 46.15% of the outstanding class as of June 30, 2026. It reports shared voting power over 49,370,624 shares and sole dispositive power over 49,370,624 shares, with no sole voting power and no shared dispositive power.
Parsons Corporation reported revenue of $1,575,867 (thousand) for the three months ended June 30, 2026, roughly flat with the prior year, but operating income fell sharply to $1,295 (thousand), leading to a net loss attributable to Parsons of $15,219 (thousand) versus prior-year profit. For the first six months of 2026, revenue was $3,067,043 (thousand) and net income attributable to Parsons was $37,707 (thousand).
Results were heavily affected by revisions on two loss-position contracts, which reduced revenue by $16,810 (thousand) and net income by $64,509 (thousand); these contracts are now classified as held for sale. Parsons completed the $350,132 (thousand) Altamira Technologies acquisition, largely funded with a $330,000 (thousand) credit draw, increasing goodwill and intangibles. Total long-term debt rose to $1,474,048 (thousand), while cash ended at $266,044 (thousand) after $53,884 (thousand) of operating cash flow and substantial acquisition and joint-venture investments. Remaining unsatisfied performance obligations were $6.9 billion, providing multi-year revenue visibility.
Parsons Corporation reported Q2 2026 revenue of $1.6 billion, down 1% year-over-year, and a net loss attributable to Parsons of $15 million (diluted EPS $(0.14)$) versus a $55.2 million profit a year earlier, driven by portfolio-shaping actions and joint-venture charges.
Adjusted EBITDA fell 72% to $42 million, with margin contracting to 2.7%. On a normalized basis excluding these charges, management highlights adjusted EBITDA of $160.6 million and a 10.1% margin. Q2 cash flow from operating activities was $58 million, down from $160 million, reflecting inventory investments for high-demand products and payment timing.
Demand indicators remained solid: net bookings rose 24% year-over-year to $1.9 billion, producing a 1.2x book-to-bill ratio and lifting total backlog to $9.3 billion, including $6.6 billion funded. Critical Infrastructure revenue grew 5%, supported by 10% Middle East organic growth, while Federal Solutions revenue declined 6% and adjusted EBITDA turned negative, largely due to programs planned for divestiture.
Parsons reduced its 2026 outlook. Revenue guidance is now $6.2–$6.5 billion (from $6.5–$6.8 billion), adjusted EBITDA $500–$560 million (from $615–$675 million), and operating cash flow $430–$490 million (from $470–$530 million).
WAJSGRAS DAVID C reported acquisition or exercise transactions in this Form 4 filing.
Parsons Corp director David C. Wajsgras received an equity grant of 604 shares of Common Stock as a fully vested restricted stock unit award. The grant carried a price of $0.00 per share as compensation rather than an open-market purchase. Following this award, he directly holds 40,684 shares of Parsons common stock. The vested shares will be delivered under the terms of the applicable grant notice, and delivery timing may be adjusted if he has made a deferral election.
Parsons Corp director Steven F. Leer received a stock-based compensation award. He acquired 837 shares of common stock at no cost through fully vested restricted stock units, increasing his direct holdings to 34,238 shares. The vested units will be settled in shares under the applicable grant terms.
Parsons Corp director George L. Ball reported an open-market purchase of common stock. On May 13, 2026, he bought 10,000 shares at $50.00 per share, bringing his direct holdings to 150,383 shares of Parsons common stock.
Separately, a family trust associated with Mr. Ball holds 205,000 shares, over which he has shared voting, investment and dispositive power. There are no derivative positions reported in this filing.
Parsons Corp director Mark Keith Holdsworth reported open-market purchases of company stock. On May 12, 2026, he bought a total of 10,000 shares of Parsons common stock in two transactions at weighted-average prices of $51.54 and $50.70 per share. Following these purchases, he directly owned 39,918 shares of Parsons common stock. The trades were executed across multiple prices within stated ranges.
Parsons Corp director Harry T. McMahon purchased 10,000 shares of common stock in an open-market transaction at $49.14 per share on May 11, 2026. Following this buy, he directly owns 61,582 Parsons shares.
Parsons Corp President & CEO Carey A. Smith bought additional company stock in the open market. On May 8, 2026, he purchased 12,500 shares of common stock in two open‑market transactions around $50 per share, raising his direct holdings to 575,376 shares plus indirect ESOP-held shares.