Here are the 10-Q quarterly reports from Parsons Corporation (PSN) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PSN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PSN filings page.
Parsons Corporation (PSN) reported third-quarter 2026 revenue of $1,650.548 million, compared with $1,621.748 million a year earlier, while net income attributable to Parsons was $54.153 million versus $64.123 million. For the nine months ended September 30, 2026, revenue was $4,717.591 million versus $4,760.431 million, and net income attributable to Parsons was $91.860 million versus $185.556 million.
Parsons acquired Altamira Technologies Corporation on January 14, 2026, for approximately $339 million in cash and up to an additional $45 million if the fiscal 2026 EBITDA target is exceeded; it borrowed $330.0 million under its revolving credit facility to fund the acquisition. Remaining unsatisfied performance obligations totaled $7.6 billion as of September 30, 2026. Cash and cash equivalents were $296.954 million and total debt was $1,357.164 million as of that date.
Management committed to sell two Remote Programs and transfer remaining contractual obligations to a third party, with sale and novation expected by the end of 2026. For the nine months, Parsons recognized a $14.8 million reduction to contract assets and a $61.2 million increase to contract liabilities due to two loss-position contracts, which were classified as held for sale.
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 softer results for the quarter ended March 31, 2026 while accelerating acquisitions and debt use. Revenue was $1.49 billion, down from $1.55 billion a year earlier, as Federal Solutions declined and Critical Infrastructure grew modestly. Net income attributable to Parsons fell to $52.9 million from $66.2 million, and diluted EPS declined to $0.49 from $0.60.
Operating cash flow was a small outflow of $3.7 million, improving from an $11.8 million outflow a year earlier. Parsons closed the $340.4 million cash acquisition of Altamira Technologies, with up to $45 million of additional earnout, and reported contributions from prior deals CTI and ASC. Goodwill rose to $2.42 billion and intangible assets to $407.9 million.
Total debt increased to $1.51 billion, including $800 million of 2029 convertible notes, a $450 million term loan and $274 million drawn on the revolving credit facility. The company repurchased $35.0 million of stock in the quarter and ended with $283.9 million in cash and $7.1 billion of remaining unsatisfied performance obligations, providing multi-year revenue visibility.
Parsons Corporation reported lower quarterly results as revenue reached $1,621,748,000 and diluted EPS was $0.59 for the three months ended September 30, 2025, compared with $1,810,116,000 and $0.65 a year ago. Net income attributable to Parsons was $64,123,000 versus $71,951,000.
For the nine months, revenue was $4,760,431,000 and diluted EPS was $1.69, compared with $5,016,259,000 and $1.64. Operating cash flow was $310,864,000. Cash and cash equivalents were $422,554,000, and long‑term debt totaled $1,236,700,000 after replacing prior facilities with a $450,000,000 term loan due 2028 and establishing a $750,000,000 revolver due 2030.
Parsons continued M&A integration: it acquired Chesapeake Technology International on June 30, 2025 for $91,534,000 (goodwill $57,998,000; Q3 revenue contribution $19,200,000) and TRS Group on January 31, 2025 for $36,566,000 (goodwill $22,972,000; year‑to‑date revenue $19,000,000). Prior deals include BCC Engineering (November 1, 2024) and BlackSignal Technologies (August 16, 2024). Remaining unsatisfied performance obligations were $7.0 billion, supporting future revenue visibility.