Parsons Corporation filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on October 28, 2026, reporting third-quarter revenue of $1,650,548 thousand and net income attributable to Parsons Corporation of $54,153 thousand.

Key Highlights

  • Quarterly revenue: $1,650,548 thousand for the three months ended September 30, 2026, according to the filing.
  • Net income attributable to Parsons Corporation: $54,153 thousand for Q3 2026, compared to $64,123 thousand for the three months ended September 30, 2025.
  • Diluted earnings per share: $0.51 for Q3 2026, versus $0.59 for Q3 2025, as reported in the filing.
  • Nine-month revenue: $4,717,591 thousand for the nine months ended September 30, 2026, compared to $4,760,431 thousand for the same period in 2025.
  • Total assets: $5,985,237 thousand as of September 30, 2026, up from $5,769,534 thousand as of December 31, 2025.
  • Shares outstanding: 105,538,883 shares of common stock as of October 20, 2026, per the filing's cover page.
  • Goodwill: $2,421,589 thousand as of September 30, 2026, compared to $2,186,650 thousand as of December 31, 2025.

Parsons Corporation Financial Results for the Quarter Ended September 30, 2026

Parsons Corporation, listed on the New York Stock Exchange as NYSE:PSN and headquartered in Chantilly, Virginia, reported quarterly revenue of $1,650,548 thousand for the three months ended September 30, 2026. The company, which operates across government and commercial sectors delivering engineering and technology solutions, recorded direct cost of contracts of $1,268,481 thousand and selling, general and administrative expenses of $285,490 thousand for the same quarter. Operating income for Q3 2026 was $103,819 thousand, according to the filing.

For the nine months ended September 30, 2026, the filing disclosed net income attributable to Parsons Corporation of $91,860 thousand, compared to $185,556 thousand for the nine months ended September 30, 2025. Income tax expense for the nine-month period was $40,755 thousand, against $53,702 thousand in the prior-year period. Interest expense for the nine months ended September 30, 2026 was $48,685 thousand, per the filing. The company also reported a gain on sale of business of $19,300 thousand within the nine-month cash flow adjustments.

On the balance sheet as of September 30, 2026, the filing reported long-term debt of $1,357,164 thousand, up from $1,237,816 thousand as of December 31, 2025. Total shareholders' equity stood at $2,748,157 thousand, compared to $2,767,672 thousand at year-end 2025. The filing also noted assets held for sale of $20,960 thousand and liabilities held for sale of $57,415 thousand as of September 30, 2026, with no corresponding balances recorded as of December 31, 2025. Depreciation and amortization for the nine-month period was $106,681 thousand, according to the cash flow statement.

What Was Disclosed

Parsons Corporation's 10-Q for the period ended September 30, 2026 disclosed quarterly and nine-month income statement results, a consolidated balance sheet as of September 30, 2026, and cash flow information, including a $19,300 thousand gain on sale of business and increased long-term debt relative to December 31, 2025.