Income StatementBalance SheetCash FlowSegments
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UL Solutions Balance Sheet Statement

Assets, liabilities, and shareholders' equity

UL Solutions holds $3.0B in total assets. Shareholders' equity is $1.3B against $539.0M in total debt. Cash and equivalents total $258.0M. The current ratio is 1.16 and debt-to-equity is 0.409. Based on the Q1 2026 filing.

Total Assets$3.0BTotal Stockholders Equity$1.3BLong Term Debt$357.0MCash And Equivalents$258.0MTotal Current Assets$1.0BTotal Current Liabilities$899.0M
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$20.0B
P/E Ratio57.02
ROE30.58%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$182.0M$143.0M$139.0M$151.0M$183.0M$168.0M
Accrued expenses$254.0M$164.0M$208.0M$254.0M$282.0M$188.0M
Accrued Manufacturing Costs$254.0M$164.0M$208.0M$254.0M$282.0M$188.0M
Compensation and benefits$254.0M$164.0M$208.0M$254.0M$282.0M$188.0M
Other accrued liabilities$54.0M$57.0M$48.0M$47.0M$79.0M$92.0M
Deferred revenue$162.0M$400.0M$328.0M$255.0M$173.0M$410.0M
Note payable to DIRECTV$54.0M$57.0M$48.0M$47.0M$79.0M$92.0M
Operating lease liabilities, current$38.0M$40.0M$42.0M$42.0M$43.0M$41.0M
Restructuring Reserve—————$40.0M
Total current liabilities$740.0M$804.0M$765.0M$749.0M$760.0M$899.0M

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$380.0M$463.0M$424.0M$386.0M$422.0M$497.0M
Allowance for Doubtful Accounts$9.0M$12.0M$13.0M$13.0M$12.0M$12.0M
Allowance for Doubtful Accounts Receivable (Current)$9.0M$12.0M$13.0M$13.0M$12.0M$12.0M
Cash and cash equivalents$298.0M$267.0M$272.0M$255.0M$295.0M$258.0M
Contract assets$182.0M$203.0M$224.0M$237.0M$204.0M$222.0M
Other current assets$61.0M$65.0M$89.0M$117.0M$79.0M$70.0M
Prepaid expenses and other current assets$61.0M$65.0M$89.0M$117.0M$79.0M$70.0M
Total current assets$921.0M$998.0M$1.0B$995.0M$1.0B$1.0B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated Goodwill Impairment Losses$137.0M$137.0M$137.0M$137.0M$137.0M$137.0M
Accumulated Amortization on Capitalized Software$427.0M$444.0M$463.0M$475.0M$475.0M$451.0M
Capitalized Computer Software, Net$127.0M$123.0M$119.0M$111.0M$105.0M$93.0M
Deferred tax assets$108.0M$108.0M—$4.0M$94.0M$92.0M
Deferred Tax Assets and Other Non-Current Assets$136.0M$139.0M$136.0M$139.0M$140.0M$152.0M
Disposal Group - Goodwill—————$8.0M
Finite Lived Intangible Assets - Gross$297.0M$299.0M$305.0M$305.0M$304.0M$301.0M
Goodwill$633.0M$641.0M$656.0M$655.0M$656.0M$643.0M
Equity securities$36.0M$36.0M$33.0M$33.0M$33.0M$33.0M
Intangible assets, net$58.0M$56.0M$55.0M$52.0M$48.0M$44.0M
Net Investment in Lease$186.0M$182.0M$188.0M$184.0M$179.0M$173.0M
Capitalized software licenses$127.0M$123.0M$119.0M$111.0M$105.0M$93.0M
Deferred tax assets$108.0M$108.0M$110.0M$99.0M$94.0M$92.0M
Intangible assets — net$58.0M$56.0M$55.0M$52.0M$48.0M$44.0M
Operating lease right-of-use assets$186.0M$182.0M$188.0M$184.0M$179.0M$173.0M
Other non-current assets$136.0M$139.0M$136.0M$139.0M$140.0M$152.0M
Property, plant and equipment, net$631.0M$631.0M$649.0M$663.0M$699.0M$711.0M
Operating lease right-of-use assets$186.0M$182.0M$188.0M$184.0M$179.0M$173.0M
Operating Lease Right-of-Use Assets in Other Assets$186.0M$182.0M$188.0M$184.0M$179.0M$173.0M
Other non-current assets$136.0M$139.0M$136.0M$139.0M$140.0M$152.0M
Accumulated depreciation$772.0M$803.0M$849.0M$869.0M$879.0M$890.0M
Property and equipment, net$631.0M$631.0M$649.0M$663.0M$699.0M$711.0M
Software and Technology Licenses, Net$127.0M$123.0M$119.0M$111.0M$105.0M$93.0M
Total assets$2.8B$2.9B$2.9B$2.9B$2.9B$3.0B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$821.0M$829.0M$852.0M$866.0M$887.0M$888.0M
Accumulated other comprehensive income (loss)-$167.0M-$150.0M-$115.0M-$102.0M-$95.0M-$102.0M
Cumulative Gross Losses and Impairments$137.0M$137.0M$137.0M$137.0M$137.0M$137.0M
Noncontrolling interests$27.0M$14.0M$20.0M$27.0M$32.0M$17.0M
Retained earnings$250.0M$291.0M$356.0M$429.0M$470.0M$533.0M
Total liabilities and stockholders' equity$2.8B$2.9B$2.9B$2.9B$2.9B$3.0B
Total stockholders' equity$904.0M$970.0M$1.1B$1.2B$1.3B$1.3B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Debt - Unamortized Discount (Premium) and Issuance Costs, Net$5.0M$4.0M$4.0M$3.0M$3.0M$3.0M
Defined Benefit Pension Plan Liabilities (Non-Current)$196.0M$195.0M$202.0M$146.0M$134.0M$125.0M
Long-term debt$692.0M$653.0M$608.0M$544.0M$491.0M$357.0M
Retirement and nonpension postretirement benefit obligations$196.0M$195.0M$202.0M$146.0M$134.0M$125.0M
Operating lease liabilities, non-current$155.0M$150.0M$155.0M$150.0M$149.0M$141.0M
Operating Lease Liabilities (Total)$193.0M———$192.0M—
Other non-current liabilities$86.0M$92.0M$79.0M$89.0M$93.0M$97.0M
Total Carrying Value of Debt$747.0M$657.0M$612.0M$547.0M$494.0M$360.0M
Total liabilities$1.9B$1.9B$1.8B$1.7B$1.6B$1.6B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred Revenue Timing Percentage—62.0%61.0%63.0%—67.0%
Allowance for doubtful accounts$9.0M$12.0M$13.0M$13.0M$12.0M$12.0M
Contract with Customer, Asset, Allowance for Credit Loss, Current$1.0M$2.0M$2.0M$2.0M$2.0M$2.0M
Long-term debt, gross$747.0M$657.0M$612.0M$547.0M$494.0M$360.0M
Finite-Lived Intangible Assets, Accumulated Amortization$239.0M$243.0M$250.0M$253.0M$256.0M$257.0M
Gross Carrying Amount$297.0M$299.0M$305.0M$305.0M$304.0M$301.0M
Goodwill accumulated impairment losses$137.0M$137.0M$137.0M$137.0M$137.0M$137.0M
Noncontrolling interests in subsidiaries$27.0M$14.0M$20.0M$27.0M$32.0M$17.0M
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied—$201.0M$203.0M$189.0M—$186.0M