CWST at a glance
CASELLA WASTE SYSTEMS INC (CWST, SEC CIK 911177) filed its latest 10-K annual report on February 20, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on October 1, 2026 and Form 4 insider filings as recently as September 3, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), CASELLA WASTE SYSTEMS INC (CWST) reported revenue of $1.8 billion (up 18.0% from FY2024) and net income of $7.9 million. Diluted EPS was $0.12.
- As of June 30, 2026, 34 institutional investment managers tracked by SignalX reported holding CASELLA WASTE SYSTEMS INC (CWST) shares worth $2.9 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by BURKE MICHAEL K on September 3, 2026 of 1,100 shares at $95.26 per share.
- In the last 90 days, CWST insiders reported 0 open-market purchases ($0) and 5 open-market sales ($1.7M) on Form 4, a net sale of $1.7M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $1.8B
- +18.0% vs prior year
- Insiders · 90 days
- 0 buys · 5 sells
- Net −$1.7M
- 13F holders
- 34 funds
- $2.9B · +3 vs prior quarter
- Latest 8-K
- Oct 1, 2026
- Item 7.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Integrated solid waste management and recycling services across U.S. regions
- Emphasis on equity incentive programs with 2.4 million shares available for future issuance under compensation plans
- No new product lines or segments detailed; focus on executive pay and shareholder compensation structure
- Weighted average exercise price for equity awards at $80.85 with 308,101 outstanding options
- Inclusion of performance stock units with potential for additional 140,999 shares upon target attainment
Risk Factors
- Regulatory risk from changing federal and state public policies impacting waste industry operations and compliance
- Geopolitical risk from ongoing global conflicts reducing waste volumes and construction activity across eastern U.S. footprint
- Operational risk of inflation in labor, fuel, and capital items materially compressing operating margins and cash flows
- Competitive risk from decreased demand and customer turnover affecting ability to grow in waste collection and recycling markets
- Financial risk of exposure to inflation-driven cost increases in labor, fuel, and third-party services impacting profitability
Management Discussion & Analysis
- Acquisitions cash paid $224.2M in 2025 vs $468.6M in 2024, acquiring nine businesses in 2025 vs eight in 2024
- Capital expenditures $245.0M in 2025, up $41.8M YoY due to fleet, facilities investment, partially offset by lower landfill spend
- Financing cash outflow $27.1M in 2025 vs inflow $551.6M in 2024, driven by lower debt borrowings $91.5M vs $846.8M and higher debt repayments $116.4M vs $783.7M
- No revenue, profitability figures, or forward-looking guidance disclosed in the provided section
AI summary of the CWST 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Commodity markets: recycled materials including cardboard, plastics, glass, ferrous and aluminum metals
- No commodity hedging agreements as of June 30, 2026
- Fixed-rate debt $378.7M plus $515.0M hedged; variable debt approximately $470.0M
- Variable-rate debt average interest rate 5.190% as of June 30, 2026
- 100-basis-point rate change: estimated interest expense impact $4.7M annually, $1.2M quarterly
Risk Factors
- No material changes to risk factors from December 31, 2025 Form 10-K
- Carried-forward business risks could materially affect operations, financial condition, liquidity, and period-to-period results
- No newly added regulatory, legal, compliance, operational, competitive, market, or financial risk disclosed
- No quarter-specific liquidity, debt maturity, currency, or concentration exposure identified
AI summary of the CWST 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- NCES Landfill closure accelerated to December 31, 2026 from previously expected end-2027
- Earlier closure reflects reassessment of permitted airspace, fill rates, and operating factors
Item 2.02: Results of Operations and Financial Condition
- Q2 fiscal 2026 results for quarter ended June 30, 2026
- Press release issued August 6, 2026
Item EX-99.1: Item EX-99.1
- Q2 revenue $543.7M, up 16.9%, driven by acquisitions, pricing, landfill volumes and National Accounts growth
- Adjusted EBITDA $123.2M, up 12.5%, but margin declined to 22.7% from 23.5%, partly due to elevated fuel costs
Item 5.02: Departure/Appointment of Directors or Principal Officers
- COO Damian A. Ribar’s employment began July 20, 2026, formalizing the previously announced appointment
- Annual base salary set at $500,000
AI summaries of CWST 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for CWST
Don't miss the next CWST filing
- Alerts as it files. A push when CWST files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut CWST, by share count.
- Ask anything. An AI agent that reads every CWST filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| BURKE MICHAEL K | Sell | Sep 3, 2026 | 1,100 | $95.26 |
| BURKE MICHAEL K | Sell | Aug 26, 2026 | 1,100 | $92.99 |
| CASELLA DOUGLAS R | Sell | Aug 14, 2026 | 1,343 | $91.12 |
| CASELLA DOUGLAS R | Sell | Aug 13, 2026 | 1,838 | $90.89 |
| CASELLA DOUGLAS R | Sell | Aug 13, 2026 | 13,319 | $91.07 |
| Ribar Damian Andrew | A | Aug 11, 2026 | 25,000 | - |
| Green Emily Nagle | G | Jun 8, 2026 | 600 | - |
| DOODY JOSEPH | A | Jun 4, 2026 | 1,793 | $83.65 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $1.6B | $1.8B |
| Operating Income | - | $72.8M | $63.7M |
| Net Income | $25.4M | $13.5M | $7.9M |
| Op. Margin | - | 4.7% | 3.5% |
| Net Margin | - | 0.9% | 0.4% |
| Balance Sheet | |||
| Total Assets | $2.5B | $3.2B | $3.3B |
| Equity | - | $1.6B | $1.6B |
| ROE | - | 0.9% | 0.5% |
| Per Share | |||
| EPS | $0.46 | $0.23 | $0.12 |
| Cash Flow | |||
| Operating CF | - | $281.4M | $329.8M |
| CapEx | $154.9M | $203.2M | $245.1M |
Source: XBRL data in CASELLA WASTE SYSTEMS INC (CWST)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate CWST share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 34 | $2.88B |
| Q1 2026 | 31 | $2.23B |
| Q4 2025 | 29 | $2.91B |
| Q3 2025 | 32 | $2.31B |
| Q2 2025 | 33 | $2.68B |
| Q1 2025 | 28 | $2.04B |
| Q4 2024 | 24 | $1.49B |
| Q3 2024 | 20 | $734.5M |
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- ASSOCIATED BANC-CORP+3.9K
- M&T Bank+3.7K
- Millennium Management+3.0K
Source: 13F-HR filings on SEC EDGAR (aggregated from 231 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
CWST filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Oct 1, 2026 | - | Analysis | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Aug 26, 2026 | - | - | - |
| 4 | Aug 14, 2026 | - | - | - |
| 4 | Aug 12, 2026 | - | - | - |
| 10-Q | Aug 7, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 6, 2026 | - | Analysis | - |
| 8-K | Jul 20, 2026 | - | Analysis | - |
| SC 13G | Jul 9, 2026 | - | - | |
| 8-K | Jul 1, 2026 | - | Analysis | - |
| 4 | Jun 10, 2026 | - | - | |
| 8-K | Jun 8, 2026 | - | Analysis | |
| 4 | Jun 5, 2026 | - | - | |
| 4 | Jun 5, 2026 | - | - | |
| 4 | Jun 5, 2026 | - | - | |
| 4 | Jun 5, 2026 | - | - | |
| 4 | Jun 5, 2026 | - | - | |
| 4 | Jun 5, 2026 | - | - | |
| 4 | Jun 5, 2026 | - | - | |
| 4 | Jun 5, 2026 | - | - | |
| 4 | Jun 4, 2026 | - | - | |
| 8-K | Jun 1, 2026 | - | Analysis | |
| 4 | May 27, 2026 | - | - | |
| 8-K | May 27, 2026 | - | Analysis | |
| 4 | May 22, 2026 | - | - |
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CWST SEC filings: frequently asked questions
Are CWST insiders buying or selling?
In the last 90 days, CASELLA WASTE SYSTEMS INC (CWST) officers, directors and 10% owners reported no open-market purchases and 5 open-market sales worth $1.7 million by 2 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold CWST stock?
As of June 30, 2026, the largest CASELLA WASTE SYSTEMS INC (CWST) holders among the 13F filers tracked by SignalX were BlackRock ($910.6 million), Vanguard Portfolio Management LLC ($334.4 million), Vanguard Capital Management LLC ($273.8 million), State Street Corp ($244.4 million), JPMorgan Chase & Co ($145.9 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was CWST's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), CASELLA WASTE SYSTEMS INC (CWST) reported revenue of $1.8 billion (up 18.0% from FY2024) and net income of $7.9 million. Diluted EPS was $0.12. The figures come from the XBRL data in the 10-K.
What are the main risks in CWST's latest 10-K?
In the 10-K filed February 20, 2026, CASELLA WASTE SYSTEMS INC (CWST) flagged: Regulatory risk from changing federal and state public policies impacting waste industry operations and compliance. Geopolitical risk from ongoing global conflicts reducing waste volumes and construction activity across eastern U.S. footprint. (AI summary of the Risk Factors section.)
What did CWST report in its latest 8-K?
CASELLA WASTE SYSTEMS INC (CWST) filed an 8-K on October 1, 2026 reporting Item 7.01 (Regulation FD Disclosure). NCES Landfill closure accelerated to December 31, 2026 from previously expected end-2027.
What are the latest CWST SEC filings?
CASELLA WASTE SYSTEMS INC (CWST) filed its latest 10-K annual report on February 20, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on October 1, 2026 and a Form 4 insider filing on September 3, 2026.
What is CWST's SEC CIK number?
CASELLA WASTE SYSTEMS INC (CWST)'s SEC Central Index Key (CIK) is 911177. EDGAR lists every CWST filing under that number.
Ask anything about CWST
The research agent reads CWST's filings, financials, insider trades and 13F holders, then answers with sources.