)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Maximus (MMS) investor relations material
Maximus Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary20 Nov, 2025
Executive summary
Fiscal 2025 revenue grew 2.4% to $5.43 billion, with 3.9% organic growth led by U.S. Federal Services and stable customer relationships, as contract cancellations impacted only 0.5–1.5% of revenue.
Strategic priorities for 2026 include expanding in U.S. federal markets, leveraging policy-driven initiatives like the One Big Beautiful Bill Act, and deploying AI and automation.
Investments in AI and technology modernization are transforming operations and client offerings, positioning the company as a tech-enabled, mission-critical government partner.
Free cash flow reached $366 million, and $457 million was spent on share repurchases in 2025.
Leverage ratio improved to 1.5x, providing financial flexibility for M&A and further share repurchases.
Financial highlights
Fiscal 2025 revenue was $5.43 billion, up 2.4% year-over-year, with 3.9% organic growth.
Adjusted EBITDA margin improved to 12.9% (from 11.6% prior year); adjusted EPS rose 20% to $7.36.
Net income rose to $319 million; diluted EPS increased to $5.51.
Free cash flow for 2025 was $366 million, with Q4 collections reducing DSO to 62 days.
$457 million in share repurchases completed in 2025, with $250 million remaining under current authorization.
Outlook and guidance
Fiscal 2026 revenue guidance: $5.225–$5.425 billion, reflecting a 2% year-over-year decrease due to non-recurring 2025 volumes.
Adjusted EBITDA margin guidance: 13.7%, with adjusted EPS of $7.95–$8.25, a 10% increase over 2025.
Free cash flow guidance: $450–$500 million, up 30% year-over-year.
Margin expansion expected across all segments, driven by technology, automation, and cost management.
Fiscal 2026 expected to be a shaping year, with major revenue opportunities materializing in 2027 and beyond.
Quantify AI's impact on operational efficiency?
What specific M&A capabilities are sought?
How will SNAP error rates impact states?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Maximus earnings date
Q1 20265 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Maximus Inc. provides business process services for government health and human services programs. Its offerings include program management, case handling, health assessments, and technology solutions to support federal, state, and local agencies. The company is headquartered in Tysons, Virginia, and its shares are listed on the NYSE.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage