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AI brief of an SEC Form 8-K · Parsons (PSN)

Parsons posts record FY2024 revenue of $6.8 billion, up 24%, and sets 2025 guidance

Positive Impact 3 of 5 earnings Written later

Parsons reported record fourth-quarter and full-year 2024 results, with full-year revenue of $6.8 billion, up 24%, and net income attributable to Parsons of $235 million, up 46%. The company also issued fiscal 2025 guidance of $7.0 billion to $7.5 billion in revenue and $640 million to $710 million in adjusted EBITDA, which gives shareholders a benchmark for the year ahead.

Key points

  • Q4 2024 revenue rose 16% to $1.7 billion, and net income rose 21% to $54 million
  • Q4 adjusted EBITDA margin was 8.5%, versus 8.6% a year earlier, after $29 million of adjustments on two programs
  • FY2025 guidance: revenue $7.0 billion to $7.5 billion; adjusted EBITDA $640 million to $710 million; operating cash flow $420 million to $480 million
  • Full-year 2024 operating cash flow was $524 million, up 28%

The filing

CompanyParsons (PSN)
Form8-K, current report
Filed with the SECFeb 19, 2025, 6:30 AM ET
Accession number0000950170-25-022753

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, 1:05 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 19, 2025.

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.