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AI brief of an SEC Form 8-K · APi (APG)

APi Group expects 2025 above guidance midpoint and 2026 revenue of $8.4 to $8.6 billion

Positive Impact 4 of 5 guidance Written later

APi Group said 2025 net revenues and adjusted EBITDA are expected to be comfortably above the midpoint of its October 30, 2025 guidance, and it issued initial 2026 guidance. The company also expects adjusted EBITDA margins above its 13% target, adjusted free cash flow conversion in line with its 80% target, and net leverage significantly below 2.0x. The 2025 figures are preliminary and unaudited, and the audit is not complete.

Key points

  • 2025 net revenues guidance from October 30, 2025 was $7,825 million to $7,925 million; the company expects results comfortably above the midpoint.
  • 2025 adjusted EBITDA guidance from October 30, 2025 was $1,015 million to $1,045 million; the company expects results comfortably above the midpoint.
  • 2026 net revenues are expected to be $8,400 million to $8,600 million, and 2026 adjusted EBITDA $1,140 million to $1,200 million, a 13.8% margin at the midpoint.
  • The company will discuss full 2025 results and 2026 outlook on its earnings call on February 25, 2026.

The filing

CompanyAPi (APG)
Form8-K, current report
Filed with the SECFeb 17, 2026, 7:36 AM ET
Accession number0001628280-26-008320

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 17, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.