Filing Flows › Parsons (PSN) › Q3 2025
Parsons (PSN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Parsons (PSN) reported revenue of $1.6B for the third quarter 2025 (Q3 2025), -10% from a year earlier and +2% from the quarter before. Operating margin was 6.7%, net earnings $64.1M (4.0% of revenue).
Parsons, Q3 2025: revenue $1.6B (-10% year over year), operating margin 6.7%, net earnings $64.1M, operating cash flow $163M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +2% | -10% |
| Operating profit | $108M | +13% | -6% |
| Net earnings | $64.1M | +16% | -11% |
| Operating cash flow | $163M | +2% | -46% |
| Free cash flow | $150M | -0.4% | -48% |
What changed
Revenue was $1.6B in Q3 2025, down 10% year over year and up 2% from the previous quarter. Critical Infrastructure Segment was the largest line at 51% of revenue. Federal Solution Segment lost $0.32B year over year (down 29%), 168% of the total change.
Operating profit was $0.11B, a 6.7% margin (up 0.3 points year over year). Total costs fell 11% while revenue fell 10%. Net earnings were $0.06B, down 11% year over year. The effective tax rate was 16.4%.
Operating cash flow was $0.16B (down 46% year over year), 199% 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 $0.04B. Capital expenditures of $0.01B left free cash flow of $0.15B.
Questions
What was Parsons' revenue in the third quarter 2025?
Parsons (PSN) reported revenue of $1.6B for the third quarter 2025 (Q3 2025), -10% from a year earlier and +2% from the quarter before.
Was Parsons profitable in the third quarter 2025?
Operating profit was $108M (6.7% of revenue) and net earnings $64.1M.
Source: Parsons 10-Q on SEC EDGAR.