PARSONS CORP (PSN) Form 10-Q — Jul 29, 2026
Parsons Corporation reported revenue of $3.07 billion for the six months ended June 30, 2026, a slight decrease from the prior year, but swung to a net loss of $15.2 million in the second quarter. The quarterly loss was primarily driven by a $64.5 million negative impact to net income from two loss position contracts in the Federal Solutions segment, which have been classified as held for sale. Despite the top-line stability, operational execution issues significantly weighed on profitability. On the strategic front, the company closed the acquisition of Altamira Technologies Corporation in January 2026 for approximately $339 million in cash to bolster its defense and intelligence portfolio.
Key figures
- Eps
- 0.35
- Revenue
- 3067043000
- Net Income
- 37707000
- Total Debt
- 1474048000
- Revenue Yoy
- -2.3%
- Cash Position
- 266044000
- Effective Tax Rate Q2
- 112.4%
- Acquisition Cost Altamira
- 338745000
Price after filing
Close on the filing date to close N calendar days later (from $59.47). Historical, not a forecast.
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