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ASGN Inc

CIK: 8905641 Annual ReportLatest: 2026-02-25

10-K / February 25, 2026

ASGN Incorporated

Overview

ASGN Incorporated is a technology and digital engineering solutions provider serving commercial and U.S. federal government customers. The company plans to rebrand to Everforth in the first half of 2026 to unify six brands under a single parent: Apex Systems, Creative Circle, CyberCoders, ECS, GlideFast, and TopBloc.

Core solution areas:

  • Cloud and infrastructure
  • Data and AI
  • Software development and engineering
  • Customer experience
  • Cybersecurity
  • Enterprise platforms

Business segments:

  • Commercial Segment — 70% of 2025 consolidated revenues
  • Federal Government Segment — 30% of 2025 consolidated revenues

Industry coverage:

  • Financial services
  • Consumer and industrial
  • Technology, media and telecom (TMT)
  • Healthcare
  • Business and government services

Market position:

  • Uses a large, flexible talent pool to assemble tailored, just-in-time teams for clients
  • Emphasizes higher-margin consulting alongside traditional staffing (assignment) services

Scale and workforce (as of 2025)

  • Billable professionals (FTE): approximately 19,600
  • Internal employees (corporate and support staff, including sales and recruiting): approximately 2,800
  • Global delivery footprint: near-shore delivery in Mexico; delivery center in India; additional operations across the United States, Canada, and Europe
  • Administrative offices include Virginia locations such as Richmond and Fairfax

Specialized capabilities and resources:

  • Approximately 1,000 cybersecurity consultants (about 500 with security clearances)
  • Approximately 900 AI and data professionals with security clearances
  • More than 1,400 certifications across the workforce

Revenue, backlog, and market size (2025)

  • Revenue mix: 70% Commercial Segment / 30% Federal Government Segment
  • U.S. federal government contracts accounted for 26% of consolidated revenues in 2025; no single client (other than the U.S. government) represented more than 10% of revenue
  • Total addressable market (TAM): approximately $680 billion
    • Commercial IT consulting: $490 billion
    • Government IT consulting: $135 billion
    • Professional staffing: $55 billion
  • Contract backlog (as of December 31, 2025): $2.9 billion total
    • Funded backlog: $0.5 billion
    • Unfunded backlog: $2.5 billion
  • M&A activity: completed six acquisitions over the past five years to expand higher-value IT consulting and digital engineering capabilities; announced the Quinnox Inc. acquisition on January 20, 2026 (subject to regulatory approval)

Growth, strategy, and go-to-market

  • Strategic goal: be a leading technology and digital engineering company that helps organizations adapt and innovate through top talent and advanced technology
  • Value proposition:
    • Deep industry expertise
    • Proprietary assets and accelerators
    • Strategic partnerships and technology alliances (examples: AWS, Microsoft, Google; Salesforce, ServiceNow, Workday; CrowdStrike, Elastic, Trellix, Databricks, Snowflake)
    • Delivery model that provides quick access to a broad, specialized skills network
  • Growth approach:
    • Organic growth supplemented by acquisitions
    • Focus on higher-value, higher-margin consulting and continued expansion of the consulting and digital engineering portfolio
    • Single talent pool supports both shorter-term staffing and longer-term consulting engagements

Governance and compliance (high level)

  • Corporate governance and cyber risk governance are integrated with board committees (Strategy and Technology; Audit) and a CISO-led security structure (Council and SOC)
  • Emphasis on data protection, cybersecurity controls, incident response, business continuity planning, third-party risk management, and vendor collaboration

If you want, I can convert this into a concise one-page executive summary or extract the key figures into a compact data sheet.