Inferra AI / Company / APG
Api Group Corp
APG · Industrials
Last earnings Oct 29, 2026
Key results
Revenuequarter
$2.1 billion
revenues of $2.1 billion, representing year-over-year growth of 14.2% and year-over-year organic growth of 9.7%- -Record third quarter reported
SEC original ↗Api Group Corp — Earnings release (8-K exhibit)EX-99Oct 30, 2025
Y Y Net revenuequarter
$ 2,085
Third Quarter 2025 Consolidated Results Three Months Ended September 30, 2025 2024 Y Y Net revenues $ 2,085 $ 1,826 14.2 % Organic net revenue growth (a) 9.7 % GAAP Gross profit $ 652 $ 567 15.0 % Gross margin 31.3 % 31.1 % +20 bps Net income $ 93 $ 69 34.8 % Diluted EPS 0.20 0.15 33.3 % Adjusted non-GAAP comparison Adjusted gross profit $ 656 $ 566 15.9 % Adjusted gross margin 31.5 % 31.0 % +50 bps Adjusted EBITDA $ 281 $ 245 14.7 % Adjusted EBITDA as a % of adjusted net revenues 13.5 % 13.4 % +10 bps Adjusted net income $ 174 $ 141 23.4 % Adjusted diluted EPS (b) $ 0.41 $ 0.34 20.6 % Notes Refer to non-GAAP reconciliations to the most comparable GAAP measures.
SEC original ↗Api Group Corp — Earnings release (8-K exhibit)EX-99Oct 30, 2025
NM Not meaningful Reported net revenues increased by 14.2% (9.7% organic) driven by growth in inspection, service, and monitoring revenues, strong growth in project revenues, acquisitions, and pricing improvements.
SEC original ↗Api Group Corp — Earnings release (8-K exhibit)EX-99Oct 30, 2025
Reported net incomequarter
$93 million
Reported net income was $93 million and diluted EPS was $0.20.
SEC original ↗Api Group Corp — Earnings release (8-K exhibit)EX-99Oct 30, 2025
EPSquarter
$0.20
Reported net income was $93 million and diluted EPS was $0.20.
SEC original ↗Api Group Corp — Earnings release (8-K exhibit)EX-99Oct 30, 2025
Adjusted net incomequarter
$174 million
Adjusted net income was $174 million and adjusted diluted EPS was $0.41, representing an 20.6% increase compared to prior year period driven by strong adjusted EBITDA growth and a decrease in interest expense.
SEC original ↗Api Group Corp — Earnings release (8-K exhibit)EX-99Oct 30, 2025
Adjusted EPSquarter
$0.41
Adjusted net income was $174 million and adjusted diluted EPS was $0.41, representing an 20.6% increase compared to prior year period driven by strong adjusted EBITDA growth and a decrease in interest expense.
SEC original ↗Api Group Corp — Earnings release (8-K exhibit)EX-99Oct 30, 2025
Safety Services Net revenuequarter
$ 1,403
Third Quarter 2025 Segment Results Safety Services Three Months Ended September 30, 2025 2024 Y Y Safety Services Net revenues $ 1,403 $ 1,216 15.4 % Organic net revenue growth (a) 8.7 % GAAP Gross profit $ 520 $ 445 16.9 % Gross margin 37.1 % 36.6 % +50 bps Segment earnings $ 236 $ 199 18.6 % Segment earnings margin 16.8 % 16.4 % +40 bps Adjusted non-GAAP comparison Adjusted gross profit $ 524 $ 444 18.0 % Adjusted gross margin 37.3 % 36.5 % +80 bps Notes Refer to non-GAAP reconciliations to the most comparable GAAP measures.
SEC original ↗Api Group Corp — Earnings release (8-K exhibit)EX-99Oct 30, 2025
Reported net revenues increased by 15.4% (8.7% organic) driven by growth in inspection, service, and monitoring revenues, strong growth in project revenues, acquisitions, and pricing improvements.
SEC original ↗Api Group Corp — Earnings release (8-K exhibit)EX-99Oct 30, 2025
Specialty Services Net revenuequarter
$ 683
2 Specialty Services Three Months Ended September 30, 2025 2024 Y Y Specialty Services Net revenues $ 683 $ 612 11.6 % Organic net revenue growth (a) 11.6 % GAAP Gross profit $ 132 $ 122 8.2 % Gross margin 19.3 % 19.9 % (60) bps Segment earnings $ 81 $ 78 3.8 % Segment earnings margin 11.9 % 12.7 % (80) bps Adjusted non-GAAP comparison Adjusted gross profit $ 132 $ 122 8.2 % Adjusted gross margin 19.3 % 19.9 % (60) bps Notes Refer to non-GAAP reconciliations to the most comparable GAAP measures.
SEC original ↗Api Group Corp — Earnings release (8-K exhibit)EX-99Oct 30, 2025
AI analysis
Q3 2025 · reported Oct 30, 2025
Based on: Earnings release + parent 8-K — transcript not held
Headline figures
| Metric | Q3 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | $2.1 billion | $2.0 billion | — |
| Y Y Net revenue | $ 2,085 | $ 1,990 | — |
| Reported net income | $93 million | $77 million | — |
| EPS | $0.20 | $0.16 | — |
| Adjusted net income | $174 million | $77 million | — |
| Adjusted EPS | $0.41 | $0.16 | — |
| Safety Services Net revenue | $ 1,403 | $ 1,362 | — |
| Specialty Services Net revenue | $ 683 | $ 629 | — |
Guidance · company-stated
Direction: Raised
“Guidance APi increases its full-year 2025 guidance for net revenues and adjusted EBITDA.”
Classified from the release's primary full-year outlook statement.
Capital allocation
Free cash flow is defined as cash provided by (used in) operating activities less capital expenditures.
The Company calculates its leverage ratio in accordance with its debt agreements which include different adjustments to EBITDA from those included in the adjusted EBITDA numbers reported externally.
Event summary
Api Group Corp Q3 2025 — revenues of $2.1 billion, representing year-over-year growth of 14.2% and year-over-year organic growth of 9.7%- -Record third quarter reported
Based on: Earnings release + parent 8-K — transcript not held
Guidance & outlook
Direction: Raised
Revenue — Raised (“increases”)
“Guidance APi increases its full-year 2025 guidance for net revenues and adjusted EBITDA.”
Classified from the release's primary full-year outlook statement.
Capital allocation
Free cash flow is defined as cash provided by (used in) operating activities less capital expenditures.
SEC original ↗Api Group Corp — Earnings release (8-K exhibit)EX-99Oct 30, 2025
The Company calculates its leverage ratio in accordance with its debt agreements which include different adjustments to EBITDA from those included in the adjusted EBITDA numbers reported externally.
SEC original ↗Api Group Corp — Earnings release (8-K exhibit)EX-99Oct 30, 2025
(k) Adjustment reflects the addition of the dilutive impact of 6 million shares associated with the deemed conversion of Series A Preferred Stock, when adjusted for the stock split, offset by the adjustment of the assumed dividend payable to the Series A Preferred Stock holders at year-end.
SEC original ↗Api Group Corp — Earnings release (8-K exhibit)EX-99Oct 30, 2025
Strategy & priorities
We believe our proven operating model, built on our inspection and service-first strategy, purpose-driven leadership, and a disciplined approach to capital allocation, positions APi for sustained organic growth, margin expansion and value-accretive M A.
SEC original ↗Api Group Corp — Earnings release (8-K exhibit)EX-99Oct 30, 2025
We are confident in our leaders ability to execute our strategy and deliver against our new 10 16 60+ financial targets, creating value for all our stakeholders.
SEC original ↗Api Group Corp — Earnings release (8-K exhibit)EX-99Oct 30, 2025
Growth in adjusted EBITDA was driven by strong revenue growth and adjusted gross margin expansion, partially offset by investments to support growth.
SEC original ↗Api Group Corp — Earnings release (8-K exhibit)EX-99Oct 30, 2025
Reported and adjusted gross margin increased by 50 and 80 basis points, respectively, compared to prior year period driven by disciplined customer and project selection as well as pricing improvements leading to margin expansion in inspection, service, and monitoring revenues and project revenues.
SEC original ↗Api Group Corp — Earnings release (8-K exhibit)EX-99Oct 30, 2025
Risks & headwinds
Given these risks and uncertainties, you are cautioned not to place undue reliance on forward-looking statements.
SEC original ↗Api Group Corp — Earnings release (8-K exhibit)EX-99Oct 30, 2025
Additional information concerning these risks, uncertainties and other factors that could cause actual results to vary is, or will be, included in the periodic and other reports filed by the Company with the Securities and Exchange Commission.
SEC original ↗Api Group Corp — Earnings release (8-K exhibit)EX-99Oct 30, 2025
What changed vs prior quarter
Guidance direction — prior quarter: Raised; this quarter: Raised
SEC original ↗Api Group Corp — Earnings release (8-K exhibit)EX-99Oct 30, 2025
Revenue — prior quarter passage and this quarter's passage are both cited.
SEC original ↗Api Group Corp — Earnings release (8-K exhibit)EX-99Oct 30, 2025
Y Y Net revenue — prior quarter passage and this quarter's passage are both cited.
SEC original ↗Api Group Corp — Earnings release (8-K exhibit)EX-99Oct 30, 2025
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
32 documents- Q3 2026
- 8-KAPG
Oct 29, 2026
- Q2 2026
- 10-QAPG
Jul 30, 2026
- 8-KAPG
Jul 30, 2026
- 8-KAPG
Jul 2, 2026
- Q1 2026
- 8-KAPG
Jun 9, 2026
- 8-KAPG
May 19, 2026
- 8-KAPG
May 18, 2026
- 8-KAPG
May 8, 2026
- 10-QAPG
Apr 30, 2026
- 8-KAPG
Apr 30, 2026
- Q4 2025
- 10-KAPG
Feb 25, 2026
- 8-KAPG
Feb 25, 2026
- 8-KAPG
Feb 17, 2026
- 8-KAPG
Jan 2, 2026
- Q3 2025
- 8-KAPG
Dec 10, 2025
- EX-99APG
Dec 10, 2025
- 10-QAPG
Oct 30, 2025
- 8-KAPG
Oct 30, 2025
- Q2 2025
- 10-QAPG
Jul 31, 2025
- 8-KAPG
Jul 31, 2025
- Q1 2025
- 8-KAPG
May 22, 2025
- 8-KAPG
May 21, 2025
- 8-KAPG
May 19, 2025
- 8-KAPG
May 2, 2025
- 10-QAPG
May 1, 2025
- 8-KAPG
May 1, 2025
- Q4 2024
- 8-KAPG
Mar 31, 2025
- 10-KAPG
Feb 26, 2025
- 8-KAPG
Feb 26, 2025
- 8-KAPG
Feb 19, 2025
- 8-KAPG
Jan 3, 2025
- Q3 2024
- 8-KAPG
Nov 22, 2024
Earnings releases
15 documentsPresentations
0 documentsNo presentations for Api Group Corp are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Api Group Corp are held in this edition of the library.
Mentioned by
2 companiesOther tracked companies whose held documents mention Api Group Corp by name or ticker. A mention is counted once per document, from the document text the library holds.
“dates 2026 Guidance New Brighton, Minnesota – July 2, 2026 – APi Group Corporation (NYSE: APG) ("APi" or the "Company")… …business enablement expenses, business process transformation expenses, one-time and other events such as impairment charges, tr”
“dates 2026 Guidance New Brighton, Minnesota – June 9, 2026 – APi Group Corporation (NYSE: APG) ("APi" or the "Company")… …business enablement expenses, business process transformation expenses, one-time and other events such as impairment charges, tr”
See also the earnings calendar for every tracked company’s next earnings date.