Parsons cuts 2025 revenue outlook as Q3 revenue falls 10% to $1.6 billion
Parsons reported third quarter 2025 revenue of $1.6 billion, down 10% from a year earlier, and net income attributable to Parsons of $64 million, down from $72 million. The company lowered its fiscal 2025 revenue guidance, while reiterating its adjusted EBITDA and operating cash flow ranges at the mid-point, which matters to shareholders because the lower revenue outlook signals weaker top-line expectations for the year.
Key points
- Q3 2025 revenue was $1.6 billion, down 10% year over year and down 14% on an organic basis.
- Q3 GAAP diluted EPS was $0.59, compared with $0.65 in the prior year period.
- Fiscal 2025 revenue guidance is now $6,400 million to $6,500 million, down from $6,480 million to $6,680 million; adjusted EBITDA ($600 million to $630 million) and operating cash flow ($380 million to $460 million) ranges were reiterated a
- Total backlog was $8.8 billion at September 30, 2025, with a book-to-bill ratio of 1.0x for the quarter.
The filing
Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing 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 November 05, 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.