0001796209-26-000003
SEC filingAPi Group reported record Q1 2026 results with 15.3% revenue growth and 21.8% adjusted EBITDA growth, prompting the company to raise its full-year guidance for both metrics.
APi Group delivered a strong start to 2026, achieving record first-quarter results across revenue, net income, and adjusted EBITDA. Consolidated net revenues rose 15.3% to $1.98 billion, driven by solid performance in inspection, service, and monitoring revenues, alongside contributions from acquisitions and pricing improvements. Organic revenue growth was robust at 10.4%. The company successfully expanded adjusted EBITDA margins by 70 basis points to 11.9%, reflecting favorable SG&A leverage and strong revenue growth, despite a slight contraction in reported gross margins due to business mix. Segment performance was broad-based, with Safety Services revenues growing 11.7% and Specialty Services surging 25.6% (24.8% organic). Management highlighted the successful execution of its M&A strategy during the quarter, closing the CertaSite acquisition and signing agreements for Wtech and Onyx, representing over $1 billion in total investments to expand the Safety Services footprint globally. Demonstrating confidence in the business trajectory, APi raised its full-year 2026 guidance for both net revenues and adjusted EBITDA, while also initiating Q2 guidance. The company continues to target its long-term "10/16/60+" goals, leveraging its decentralized model and inspection-first strategy.