Filing Flows › Parsons (PSN) › Q1 2026
Parsons (PSN) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Parsons (PSN) reported revenue of $1.5B for the first quarter 2026 (Q1 2026), -4% from a year earlier and -7% from the quarter before. Operating margin was 6.4%, net earnings $52.9M (3.5% of revenue).
Parsons, Q1 2026: revenue $1.5B (-4% year over year), operating margin 6.4%, net earnings $52.9M, operating cash flow −$3.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | -7% | -4% |
| Operating profit | $95.7M | -9% | -12% |
| Net earnings | $52.9M | -5% | -20% |
| Operating cash flow | −$3.7M | -102% | — |
What changed
Revenue was $1.5B in Q1 2026, down 4% year over year and down 7% from the previous quarter. Federal Solution Segment was the largest line at 51% of revenue. Federal Solution Segment lost $0.08B year over year (down 10%), 133% of the total change.
Operating profit was $0.10B, a 6.4% margin (down 0.6 points year over year). Total costs fell 3% while revenue fell 4%. Net earnings were $0.05B, down 20% year over year. The effective tax rate was 19.8%.
Operating cash flow was −$3.7M. Non-cash charges added back $0.04B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.12B. Capital expenditures of $0.01B exceeded it, leaving free cash flow of −$0.02B.
Questions
What was Parsons' revenue in the first quarter 2026?
Parsons (PSN) reported revenue of $1.5B for the first quarter 2026 (Q1 2026), -4% from a year earlier and -7% from the quarter before.
Was Parsons profitable in the first quarter 2026?
Operating profit was $95.7M (6.4% of revenue) and net earnings $52.9M.
Source: Parsons 10-Q on SEC EDGAR.