Current Liabilities

Deferred Revenue

UL Solutions Deferred Revenue increased by 137.0% to $410.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 2.5%, from $400.00M to $410.00M. Over 2 years (FY 2023 to FY 2025), Deferred Revenue shows relatively stable performance with a 3.3% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementBalance Sheet Statement
SectionCurrent Liabilities
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ4 2018
Last reportedQ1 2026

How to read this metric

An increase is generally positive, signaling strong future demand and cash collection, while a decrease indicates the fulfillment of obligations.

Detailed definition

This represents payments received from customers for goods or services that have not yet been delivered or performed. It...

Peer comparison

Common in subscription and long-term contract businesses; highly indicative of future revenue visibility.

Metric ID: deferred_revenue_current

Historical Data

10 periods
 Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$162.00M$385.00M$317.00M$253.00M$162.00M$400.00M$328.00M$255.00M$173.00M$410.00M
QoQ Change+137.7%-17.7%-20.2%-36.0%+146.9%-18.0%-22.3%-32.2%+137.0%
YoY Change+0.0%+3.9%+3.5%+0.8%+6.8%+2.5%
Range$162.00M$410.00M
CAGR+51.1%
Avg YoY Growth+2.9%
Median YoY Growth+3.0%

Frequently Asked Questions

What is UL Solutions's deferred revenue?
UL Solutions (ULS) reported deferred revenue of $410.00M in Q1 2026.
How has UL Solutions's deferred revenue changed year-over-year?
UL Solutions's deferred revenue increased by 2.5% year-over-year, from $400.00M to $410.00M.
What is the long-term trend for UL Solutions's deferred revenue?
Over 2 years (2023 to 2025), UL Solutions's deferred revenue has grown at a 3.3% compound annual growth rate (CAGR), from $162.00M to $173.00M.
What does deferred revenue mean?
Cash received from customers for work that has not yet been completed.