APi Group delivered a robust second quarter in 2025, achieving record net revenues of $2.0 billion, a 15.0% year-over-year increase, and strong organic growth of 8.3%. The company also reported record net income of $77 million, up 11.6%, and record adjusted EBITDA of $272 million, an increase of 17.7%, with margin expansion to 13.7%. This strong performance led to a raised full-year guidance for both net revenues and adjusted EBITDA.
Record second quarter net revenues reached $1.99 billion, demonstrating a 15.0% year-over-year growth and 8.3% organic growth.
Net income for the second quarter was a record $77 million, marking an 11.6% increase compared to the prior year.
Adjusted EBITDA hit a record $272 million, growing 17.7% year-over-year, with adjusted EBITDA margin expanding by 30 basis points to 13.7%.
The company has raised its full-year 2025 guidance for both net revenues and adjusted EBITDA, reflecting continued positive momentum.
APi Group has increased its full-year 2025 guidance for net revenues and adjusted EBITDA, and provided guidance for the third quarter of 2025.
Visualization of income flow from segment revenue to net income