Filing Flows › Parsons (PSN) › Q1 2025
Parsons (PSN) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Parsons (PSN) reported revenue of $1.6B for the first quarter 2025 (Q1 2025), +1% from a year earlier and -10% from the quarter before. Operating margin was 7.0%, net earnings $66.2M (4.3% of revenue).
Parsons, Q1 2025: revenue $1.6B (+1% year over year), operating margin 7.0%, net earnings $66.2M, operating cash flow −$11.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | -10% | +1% |
| Operating profit | $109M | +9% | +7% |
| Net earnings | $66.2M | +22% | +67% |
| Operating cash flow | −$11.8M | — | — |
What changed
Revenue was $1.6B in Q1 2025, up 1% year over year and down 10% from the previous quarter. Federal Solution Segment was the largest line at 54% of revenue. Critical Infrastructure Segment added $0.09B year over year (up 14%), 459% of the total change. Federal Solution Segment declined 7%.
Operating profit was $0.11B, a 7.0% margin (up 0.4 points year over year). Of the extra revenue versus a year earlier, 40% reached operating profit, above the 7% margin then. Total costs grew 1% against revenue growth of 1%. The fastest-growing cost line was SG&A (+10%). Net earnings were $0.07B, up 67% year over year. The effective tax rate was 18.8%.
Operating cash flow was −$0.01B. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.13B. Capital expenditures of $0.01B exceeded it, leaving free cash flow of −$0.03B.
Questions
What was Parsons' revenue in the first quarter 2025?
Parsons (PSN) reported revenue of $1.6B for the first quarter 2025 (Q1 2025), +1% from a year earlier and -10% from the quarter before.
Was Parsons profitable in the first quarter 2025?
Operating profit was $109M (7.0% of revenue) and net earnings $66.2M.
Source: Parsons 10-Q on SEC EDGAR.