Filing Flows › Parsons (PSN) › Q2 2025
Parsons (PSN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Parsons (PSN) reported revenue of $1.6B for the second quarter 2025 (Q2 2025), -5% from a year earlier and +2% from the quarter before. Operating margin was 6.0%, net earnings $55.2M (3.5% of revenue).
Parsons, Q2 2025: revenue $1.6B (-5% year over year), operating margin 6.0%, net earnings $55.2M, operating cash flow $160M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +2% | -5% |
| Operating profit | $95.7M | -12% | -14% |
| Net earnings | $55.2M | -17% | -20% |
| Operating cash flow | $160M | — | -0.9% |
| Free cash flow | $150M | — | -1% |
What changed
Revenue was $1.6B in Q2 2025, down 5% year over year and up 2% from the previous quarter. Federal Solution Segment was the largest line at 51% of revenue. Federal Solution Segment lost $0.18B year over year (down 19%), 213% of the total change.
Operating profit was $0.10B, a 6.0% margin (down 0.6 points year over year). Total costs fell 5% while revenue fell 5%. The fastest-growing cost line was SG&A (+13%). Net earnings were $0.06B, down 20% year over year. The effective tax rate was 21.0%.
Operating cash flow was $0.16B (down 1% year over year), 227% of net income including minority interests. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.05B. Capital expenditures of $0.01B left free cash flow of $0.15B.
Questions
What was Parsons' revenue in the second quarter 2025?
Parsons (PSN) reported revenue of $1.6B for the second quarter 2025 (Q2 2025), -5% from a year earlier and +2% from the quarter before.
Was Parsons profitable in the second quarter 2025?
Operating profit was $95.7M (6.0% of revenue) and net earnings $55.2M.
Source: Parsons 10-Q on SEC EDGAR.