Parsons(NYSE) PSN

Parsons helps the U.S. government and cities build safe roads and protect digital data. Their tools keep power plants running and help defense teams stay ahead of threats. These services solve problems for national security and public transport systems.

Where the Money Comes From

• Defense and Intelligence: Advanced analytics, cybersecurity, and space tools for the U.S. military; generated $503.7 million in revenue for the quarter ended March 31, 2026.
• Engineered Systems: Environmental remediation and data protection for federal health and energy agencies; earned $254.6 million in revenue for the quarter ended March 31, 2026.
• Critical Infrastructure: Large-scale project management for global rail, transit, and smart city systems; brought in $732.8 million in revenue for the quarter ended March 31, 2026.

Expansion Through New Partners

• Acquired Altamira Technologies Corporation in January 2026 to expand analytics and space capabilities for the intelligence community.
• Purchased Applied Sciences Consulting, Inc. in October 2025 to grow water and stormwater solutions across Florida.
• Integrated Chesapeake Technology International, Corp in June 2025 to add electronic battlespace and sensing technology.
• Bought TRS Group, Inc. in January 2025 to strengthen its environmental remediation technology business.

A Mix of Tech and Concrete

The company balances physical construction with digital security across the United States and the Middle East. It uses specialized technology to manage complex projects like satellite ground systems and smart city software.

Parsons by the Numbers

• Revenue was $1.49 billion in the first quarter of 2026, down 4.1% from the same period in 2025.
• Net income was $52.9 million in the first quarter of 2026, a 20.1% decrease from the prior year.
• Operating cash flow reached -$3.7 million in the first quarter of 2026, which improved from -$11.8 million in the first quarter of 2025.
• Free cash flow was -$18.6 million in the first quarter of 2026, an improvement from -$25.3 million in the previous year.
• Total long-term debt reached $1.51 billion as of March 31, 2026.

The Big Picture

Parsons has shifted from a traditional engineering firm into a technology provider for defense and infrastructure. Its focus on digital integration allows it to handle both large-scale physical builds and complex cyber missions.