APi Group posts record 2025 revenue of $7.9 billion and sets initial 2026 outlook
APi Group reported fourth-quarter and full-year 2025 results on February 25, 2026, with net revenues up 13.8% in the quarter and 12.7% for the year, and adjusted EBITDA up 21.9% in the quarter. The company also gave initial 2026 guidance for net revenues of $8.4 billion to $8.6 billion and adjusted EBITDA of $1.14 billion to $1.20 billion. GAAP diluted EPS was negative in both periods, mainly because of a $590 million accrued stock dividend on Series A Preferred Stock in the fourth quarter.
Key points
- Q4 2025 net revenues of $2.1 billion, up 13.8% (11.1% organic); Q4 adjusted EBITDA of $295 million, up 21.9%
- Full-year 2025 net income of $302 million and adjusted diluted EPS of $1.48, up 20.3%; GAAP diluted EPS was $(0.69)
- Q4 2025 GAAP diluted EPS was $(1.19), versus $(0.07) a year earlier, reflecting $590 million in accrued Series A Preferred stock dividends
- 2026 guidance: net revenues of $8.4 to $8.6 billion and adjusted EBITDA of $1.14 to $1.20 billion; Q1 2026 net revenues of $1.875 to $1.975 billion
The filing
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 25, 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.