Republic Services (RSG) 10-K Summaries & Annual Filing History
Review Republic Services, Inc. (RSG) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Republic Services filed its annual report for the period ended December 31, 2025. The filing covers business overview, risk factors, management discussion, and liquidity resources.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$16.6B
Revenue reported for the fiscal year.
Operating income
$3.3B
Income from operations reported for the year.
Net income
$2.1B
Net income reported for the year.
Operating cash flow
$4.3B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $13.5B | +19.6% |
| Dec 31, 2023 | $15B | +10.8% |
| Dec 31, 2024 | $16B | +7.1% |
| Dec 31, 2025 | $16.6B | +3.5% |
Business overview
Republic Services provides waste collection, landfill, and transfer station services under contracts and permits. The company also manages capping, closure, and post-closure obligations at its landfills, along with insurance-related restricted assets.
Financial performance
Revenue grew from the prior year, while operating income and net income both increased. Operating cash flow also rose, reflecting improved financial results for the period.
Material risks
The filing identifies risks related to regulatory compliance, financial guarantees under contracts, and obligations for landfill capping and closure. Marketable securities pledged to agencies may be affected by changes in performance or regulatory requirements.
Liquidity and capital
The company expects existing cash, cash equivalents, restricted cash, and operating cash flows to fund operating activities and commitments for at least the next twelve months. Capital expenditures and acquisitions are noted as primary uses of cash.
What to watch
Monitor changes in restricted cash and marketable securities balances, particularly those tied to landfill obligations and insurance reserves.