Every material Form 8-K Maximus 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.
Maximus disclosed that Chief Legal Officer and Corporate Secretary John T. Martinez intends to resign effective February 15, 2026, to pursue a new opportunity. The company says the departure is not due to any disagreement on its operations, policies, or practices, and it has started searching for a replacement.
Notice of resignation received December 15, 2025
Effective date of resignation: February 15, 2026
Martinez will remain in his current role until departure
Maximus reported fiscal 2025 results for the year ended September 30, 2025, with revenue up 2.4% to $5.43 billion and diluted EPS of $5.51, compared with $4.99 a year earlier. The company also set fiscal 2026 guidance, with revenue of $5.225 billion to $5.425 billion and adjusted diluted EPS of $7.95 to $8.25.
Full-year revenue rose 2.4% to $5.43 billion from $5.31 billion; organic growth was 3.9%.
Diluted EPS was $5.51 versus $4.99; adjusted diluted EPS was $7.36 versus $6.11.
Fiscal 2026 guidance: revenue of $5.225 billion to $5.425 billion; adjusted diluted EPS of $7.95 to $8.25; free cash flow of $450 million to $500 million.
The company booked $16 million of severance charges in the fourth quarter of fiscal 2025, and declared a $0.30 quarterly dividend payable December 1, 2025.
Maximus reported fiscal third-quarter 2025 results for the quarter ended June 30, 2025, with revenue up 2.5% to $1.35 billion and diluted EPS of $1.86, compared with $1.46 a year earlier. The company raised its full-year fiscal 2025 revenue and adjusted EPS guidance, but free cash flow was an outflow of $198.2 million in the quarter, driven by payment delays on two large programs. For shareholders, the guidance raise is the main development, while the cash outflow and a 6.9% drop in U.S. Services revenue are offsetting points.
Revenue rose 2.5% to $1.35 billion; diluted EPS was $1.86 versus $1.46 a year earlier
FY25 revenue guidance raised to a range of $5.375 billion to $5.475 billion; adjusted diluted EPS guidance set at $7.35 to $7.55
U.S. Services segment revenue fell 6.9% to $439.8 million; free cash flow was an outflow of $198.2 million in the quarter
Quarterly cash dividend of $0.30 per share payable August 31, 2025, to holders of record on August 15, 2025
Maximus reported fiscal second-quarter 2025 revenue of $1.36 billion, up 1.0%, and diluted EPS of $1.69, up from $1.31 a year earlier. The company raised its fiscal 2025 revenue guidance to $5.25 billion to $5.4 billion and its adjusted diluted EPS guidance to $6.30 to $6.60, its second consecutive guidance raise. Shareholders also receive a $0.30 quarterly dividend payable May 31, 2025.
Q2 revenue rose 1.0% to $1.36 billion, with organic growth of 3.0% led by U.S. Federal Services.
Diluted EPS was $1.69 vs. $1.31 a year earlier; adjusted diluted EPS was $2.01 vs. $1.57.
FY25 guidance: revenue $5.25 billion to $5.4 billion; adjusted diluted EPS $6.30 to $6.60; free cash flow $355 million to $385 million (unchanged).
U.S. Services revenue fell 9.0% to $442.4 million, and days sales outstanding rose to 73 days from 62 days.
Maximus entered into a First Amendment to its credit agreement with JPMorgan Chase Bank, N.A. on March 20, 2025, adding a new $250 million tranche of term A loans. The company says the proceeds will repay revolving loans, fund general corporate purposes and pay fees tied to the amendment.
New Tranche A-1 Term Loans totaling $250,000,000, with the same terms as existing term A loans
Proceeds to repay outstanding revolving loans, fund general corporate purposes and pay amendment fees and expenses
Amendment dated March 20, 2025, amends the Amended and Restated Credit Agreement dated May 30, 2024
Maximus reported fiscal first-quarter 2025 revenue of $1.40 billion, up 5.7% from a year earlier, and raised its full-year fiscal 2025 adjusted diluted EPS guidance to $5.90 to $6.20. GAAP diluted EPS fell to $0.69 from $1.04 because of about $38 million in divestiture-related charges, which shareholders will weigh against the higher adjusted results and guidance.
Revenue rose 5.7% to $1.40 billion; U.S. Federal Services revenue rose 15.3% to $780.7 million.
Diluted EPS was $0.69 versus $1.04 a year earlier; adjusted diluted EPS was $1.61 versus $1.34.
Full-year fiscal 2025 revenue guidance is $5.2 billion to $5.35 billion, and free cash flow guidance is $355 million to $385 million.
Q1 cash used in operating activities was $80.0 million; the company bought back 3.1 million shares for $237 million in the quarter.
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.
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 Maximus filing is on SEC EDGAR ↗. 8-K briefs of other companies →