Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total Parsons Equity	Noncontrolling Interest
Beginning balance at Dec. 31, 2023	$ 2,376,715	$ 146,341	$ (827,311)	$ 2,779,365	$ 203,724	$ (14,908)	$ 2,287,211	$ 89,504
Comprehensive income
Net income	135,712				108,922		108,922	26,790
Foreign currency translation gain (loss), net	(4,172)					(4,184)	(4,184)	12
Pension adjustments, net	(47)					(47)	(47)
Contributions By Noncontrolling Interests	77							77
Distributions to noncontrolling interests	(15,249)							(15,249)
Capped call transactions	(66,121)			(66,121)			(66,121)
Repurchase of warrants	(104,952)			(104,952)			(104,952)
Bond hedge termination	149,308			149,308			149,308
Convertible debt inducement	(147,105)			(147,105)			(147,105)
Issuance of equity securities, net of retirement	(15,197)	487		(5,678)	(10,006)		(15,197)
Repurchases of common stock	(10,000)	(131)		(9,869)			(10,000)
Stock-based compensation	20,675			20,675			20,675
Ending Balance at Jun. 30, 2024	2,319,644	146,697	(827,311)	2,615,623	302,640	(19,139)	2,218,510	101,134
Beginning balance at Mar. 31, 2024	2,243,157	146,717	(827,311)	2,612,762	234,366	(16,866)	2,149,668	93,489
Comprehensive income
Net income	80,719				69,172		69,172	11,547
Foreign currency translation gain (loss), net	(2,245)					(2,257)	(2,257)	12
Pension adjustments, net	(16)					(16)	(16)
Contributions By Noncontrolling Interests	77							77
Distributions to noncontrolling interests	(3,991)							(3,991)
Issuance of equity securities, net of retirement	1,791	111		2,578	(898)		1,791
Repurchases of common stock	(10,000)	(131)		(9,869)			(10,000)
Stock-based compensation	10,152			10,152			10,152
Ending Balance at Jun. 30, 2024	2,319,644	146,697	(827,311)	2,615,623	302,640	(19,139)	2,218,510	101,134
Beginning balance at Dec. 31, 2024	2,534,489	146,655	(815,282)	2,684,829	426,781	(26,594)	2,416,389	118,100
Comprehensive income
Net income	152,276				121,433		121,433	30,843
Foreign currency translation gain (loss), net	8,468					8,458	8,458	10
Pension adjustments, net	69					69	69
Contributions By Noncontrolling Interests	1,841							1,841
Distributions to noncontrolling interests	(45,054)							(45,054)
Issuance of equity securities, net of retirement	(13,409)	664		(7,824)	(6,249)		(13,409)
Repurchases of common stock	(39,995)	(643)		(39,352)			(39,995)
Stock-based compensation	22,926			22,926			22,926
Ending Balance at Jun. 30, 2025	2,621,611	146,676	(815,282)	2,660,579	541,965	(18,067)	2,515,871	105,740
Beginning balance at Mar. 31, 2025	2,545,732	146,704	(815,282)	2,660,487	487,625	(25,740)	2,453,794	91,938
Comprehensive income
Net income	70,489				55,230		55,230	15,259
Foreign currency translation gain (loss), net	7,619					7,611	7,611	8
Pension adjustments, net	62					62	62
Contributions By Noncontrolling Interests	1,581							1,581
Distributions to noncontrolling interests	(3,046)							(3,046)
Issuance of equity securities, net of retirement	2,226	191		2,925	(890)		2,226
Repurchases of common stock	(15,000)	(219)		(14,781)			(15,000)
Stock-based compensation	11,948			11,948			11,948
Ending Balance at Jun. 30, 2025	$ 2,621,611	$ 146,676	$ (815,282)	$ 2,660,579	$ 541,965	$ (18,067)	$ 2,515,871	$ 105,740

PARSONS CORP 10-Q