Discontinued — last reported Q3 '25

Current Assets

Unbilled Revenue

American Water Works Unbilled Revenue increased by 4.2% to $451.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 35.8%, from $332.00M to $451.00M. Over 5 years (FY 2020 to FY 2025), Unbilled Revenue shows an upward trend with a 16.0% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementBalance Sheet Statement
SectionCurrent Assets
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ4 2022
Last reportedQ3 2025

How to read this metric

An increase often signals strong project pipeline execution, while a decrease might suggest a slowdown in project milestones or billing cycles.

Detailed definition

This represents revenue recognized for services performed under contracts where the billing milestone has not yet been r...

Peer comparison

Standard in project-based service firms; peers often report this as part of contract assets.

Metric ID: unbilled_revenue

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$254.00M$249.00M$248.00M$254.00M$284.00M$273.00M$275.00M$289.00M$331.00M$318.00M$302.00M$316.00M$337.00M$310.00M$315.00M$332.00M$434.00M$437.00M$433.00M$451.00M
QoQ Change-2.0%-0.4%+2.4%+11.8%-3.9%+0.7%+5.1%+14.5%-3.9%-5.0%+4.6%+6.6%-8.0%+1.6%+5.4%+30.7%+0.7%-0.9%+4.2%
YoY Change+11.8%+9.6%+10.9%+13.8%+16.5%+16.5%+9.8%+9.3%+1.8%-2.5%+4.3%+5.1%+28.8%+41.0%+37.5%+35.8%
Range$248.00M$451.00M
CAGR+12.8%
Avg YoY Growth+15.6%
Median YoY Growth+11.3%

Unbilled Revenue at Other Companies

Frequently Asked Questions

What is American Water Works's unbilled revenue?
American Water Works (AWK) reported unbilled revenue of $451.00M in Q1 2026.
How has American Water Works's unbilled revenue changed year-over-year?
American Water Works's unbilled revenue increased by 35.8% year-over-year, from $332.00M to $451.00M.
What is the long-term trend for American Water Works's unbilled revenue?
Over 5 years (2020 to 2025), American Water Works's unbilled revenue has grown at a 16.0% compound annual growth rate (CAGR), from $206.00M to $433.00M.
What does unbilled revenue mean?
Revenue earned from work completed but not yet invoiced to the client.