Every material Form 8-K APi filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
APi Group reported third-quarter 2025 net revenues of $2.1 billion, up 14.2% from a year earlier, and net income of $93 million, up 34.8%. The company raised its full-year 2025 guidance for net revenues and adjusted EBITDA, which signals higher expected results for shareholders.
Q3 2025 net revenues were $2,085 million, up 14.2% (9.7% organic), versus $1,826 million a year earlier
Q3 net income was $93 million and diluted EPS was $0.20, compared with $69 million and $0.15 in Q3 2024
Full-year 2025 net revenue guidance raised to $7,825 to $7,925 million from $7,650 to $7,850 million
Full-year 2025 adjusted EBITDA guidance set at $1,015 to $1,045 million, up from $1,005 to $1,045 million
APi Group reported second-quarter 2025 net revenue of $1.99 billion, up 15.0%, and reported net income of $77 million, up 11.6%. The company raised its full-year 2025 guidance for net revenue and adjusted EBITDA, and gave third-quarter guidance of $1.985 billion to $2.035 billion in net revenue, while gross margin fell 50 basis points.
Q2 2025 net revenue $1.99 billion, up 15.0% (8.3% organic); diluted EPS $0.16 versus $0.15 a year earlier
Adjusted EBITDA $272 million, up 17.7%; adjusted EBITDA margin rose 30 basis points to 13.7%
Full-year 2025 net revenue guidance raised to $7.65 billion to $7.85 billion, from $7.40 billion to $7.60 billion
Full-year adjusted EBITDA guidance raised to $1,005 million to $1,045 million, from $985 million to $1,035 million
APi Group Corporation's subsidiary APi Group DE, Inc. closed Amendment No. 8 to its credit agreement on May 20, 2025. The amendment raised the revolving credit facility by $250 million to $750 million, extended its maturity to five years and lowered borrowing margins. The company also announced a three-for-two stock split payable June 30, 2025, which would increase the number of common shares held by existing holders.
Revolving credit commitments increased by $250 million to $750 million, with the facility extended to the fifth anniversary of May 20, 2025.
Initial margin is 1.50% for Term SOFR borrowings and 0.50% for base rate borrowings; after the first fiscal quarter ending after the effective date, it ranges from 1.25% to 2.00% and 0.25% to 1.00%, based on first lien net leverage.
Board approved a three-for-two stock split, payable as a one-half share dividend on June 30, 2025, to holders of record on June 16, 2025.
Series A Preferred Stock will be convertible into 6,000,000 shares of common stock after the split; cash will be paid in lieu of fractional shares.
APi Group reported first-quarter 2025 net revenues of $1.7 billion, up 7.4%, with adjusted diluted EPS of $0.37, up 8.8%, while GAAP net income fell to $35 million from $45 million. The company raised its full-year 2025 net revenue and adjusted EBITDA guidance, citing foreign currency rates, and authorized a new $1 billion share repurchase program, which matters to shareholders because it signals higher expected results and capital return.
Net revenues were $1.7 billion, up 7.4% (1.9% organic); Safety Services rose 13.4% while Specialty Services fell 6.8%.
Net income was $35 million versus $45 million a year earlier; diluted EPS was $0.11 versus a loss of $1.34, and adjusted diluted EPS was $0.37, up 8.8%.
2025 guidance raised: net revenues $7,400 to $7,600 million (from $7,300 to $7,500 million) and adjusted EBITDA $985 to $1,035 million (from $970 to $1,020 million).
The company repurchased $75 million of common stock in the quarter and authorized a new $1 billion repurchase program; it will hold an Investor Day on May 21, 2025.
APi Group Corporation's board approved the appointment of G. David Jackola as Executive Vice President and Chief Financial Officer, effective March 28, 2025, after he served as interim CFO since December 2024. The filing also sets out his offer letter, which includes a $725,000 base salary and a supplemental 2024 equity award valued at $1,562,500. The filing reports no financial results, so the change mainly confirms who leads the company's finance function.
Board approved Jackola's appointment as EVP and CFO effective March 28, 2025; he had been interim CFO since December 2024
Offer letter sets an annual base salary of $725,000 and a short-term cash incentive target of 100% of base salary
Supplemental 2024 long-term equity award granted March 28, 2025, with an aggregate value of $1,562,500
Jackola will report to Russ Becker, President and CEO, and will speak at APi's Investor Day on May 21 in New York
APi Group reported fourth-quarter 2024 net revenues of $1.9 billion, up 5.8%, and net income of $67 million, up from $25 million a year earlier. For full-year 2025 it gave initial guidance of $7.3 billion to $7.5 billion in net revenues and $970 million to $1.02 billion in adjusted EBITDA, compared with $7.0 billion and $893 million in 2024. Shareholders get a view of expected 2025 growth, though full-year 2024 organic revenue fell 0.9%.
Q4 2024 net revenues $1,861 million, up 5.8% (1.3% organic); adjusted EBITDA $242 million, up 16.3%
Q4 2024 GAAP net income $67 million vs. $25 million; diluted EPS $(0.10) vs. $(1.08)
Q4 2024 adjusted diluted EPS $0.51 vs. $0.44 a year earlier, up 15.9%
2025 guidance: net revenues $7,300-$7,500 million; adjusted EBITDA $970-$1,020 million; Q1 2025 adjusted EBITDA $185-$195 million
APi Group said preliminary 2024 net revenues will exceed its October 2024 guide of about $7 billion and adjusted EBITDA will be in line with the midpoint of its $890 million to $900 million range, before a stronger U.S. dollar. It also gave initial 2025 guidance of $7.3 billion to $7.5 billion in net revenues and $970 million to $1.02 billion in adjusted EBITDA, and closed a repricing of its $2,157 million term loan that cuts the margin by 25 basis points, which the company estimates saves about $5 million a year. The 2024 figures are unaudited and the auditor has not finished its review.
2024 net revenues are expected to be above the October 31, 2024 guide of about $7,000 million; adjusted EBITDA is expected in line with the $890 million to $900 million guided midpoint, before currency impact
2025 guidance: net revenues of $7,300 million to $7,500 million excluding acquisitions or divestitures; adjusted EBITDA of $970 million to $1,020 million, a 13.4% margin at the midpoint
Amendment No. 7 closed February 14, 2025, refinancing approximately $2,157 million of term loans maturing January 3, 2029, with the margin reduced by 25 basis points and about $5 million in annual cash savings
Earnings call scheduled for February 26, 2025; Investor Day set for May 21, 2025
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every APi filing is on SEC EDGAR ↗. 8-K briefs of other companies →