Opening its yearly report…Finding every part…Pulling out what matters…
MMSMaximus, Inc.
The yearly report (10-K), explained
Once a year, every US-listed company files a full report with the SEC called the 10-K. It's longer and more detailed than the glossy annual report sent to shareholders, and its figures are checked by an independent auditor. Here is Maximus's latest one, part by part: what each part is, why people read it, and what it says. Filed Nov 20, 2025, covering the period to Sep 30, 2025.
At a glance
AuditorKPMG LLPAuditor's opinionClean: the statements are fairly presentedCan it keep going?No going-concern warningMoney controlsManagement says they workedPeople working thereAbout 37,200Risks it lists37
Found by candor in the report's own text. Green means the usual, reassuring wording was found; amber means read that part.
Where the pages go
About 76 pages, roughly 4 hours to read in full
Point at or tap a block to see which part it is. The longest parts are usually the risks, the managers' discussion and the financial statements.
What its 37 listed risks are about
Each risk heading sorted by the words it uses. Open “What could go wrong” below to read them all.
- Laws and regulators13
- Other9
- Deals and investments3
- Competition2
- Cyber and data2
- Debt, money and the stock2
- People2
- Suppliers and operations1
- Products and technology1
- Reputation and brand1
- Economy and markets1
Every part, explained
The notes behind the numbers
The statements only show totals. The 20 notes explain each one: how Maximus counts sales, what it owes and when, its tax bill, its leases, its business segments and more. Open a note to read it and see its tables.
Filed with the SEC on Nov 20, 2025, for the period ending Sep 30, 2025. Open the original report. Plain-English names and explanations are candor's; anything in quotation marks is Maximus's own words.