Current Assets
Contract Assets
APi Group Contract Assets increased by 11.2% to $538M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 10.9%, from $485M to $538M. Over 5 years (FY 2020 to FY 2025), Contract Assets shows an upward trend with a 27.8% 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 2018
Last reportedQ1 2026Apr 30, 2026
How to read this metric
An increase indicates strong project execution and a growing backlog of unbilled revenue, while a decrease suggests project completion or billing milestones being met.
Detailed definition
Represents the company's right to consideration in exchange for goods or services that have been transferred to a custom...
Peer comparison
Common in construction and engineering firms; peers track this to monitor revenue recognition timing versus cash flow.
Metric ID:
contract_assetsHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $184M | $224M | $217M | $452M | $480M | $511M | $459M | $490M | $509M | $530M | $436M | $458M | $509M | $553M | $453M | $485M | $542M | $577M | $484M | $538M |
| QoQ Change | — | +21.7% | -3.1% | +108.3% | +6.2% | +6.5% | -10.2% | +6.8% | +3.9% | +4.1% | -17.7% | +5.0% | +11.1% | +8.6% | -18.1% | +7.1% | +11.8% | +6.5% | -16.1% | +11.2% |
| YoY Change | — | — | — | — | +160.9% | +128.1% | +111.5% | +8.4% | +6.0% | +3.7% | -5.0% | -6.5% | +0.0% | +4.3% | +3.9% | +5.9% | +6.5% | +4.3% | +6.8% | +10.9% |
Range$184M – $577M
CAGR+25.3%
Avg YoY Growth+28.1%
Median YoY Growth+6.0%
Contract Assets at Other Companies
Frequently Asked Questions
- What is APi Group's contract assets?
- APi Group (APG) reported contract assets of $538M in Q1 2026.
- How has APi Group's contract assets changed year-over-year?
- APi Group's contract assets increased by 10.9% year-over-year, from $485M to $538M.
- What is the long-term trend for APi Group's contract assets?
- Over 5 years (2020 to 2025), APi Group's contract assets has grown at a 27.8% compound annual growth rate (CAGR), from $142M to $484M.
- What does contract assets mean?
- The value of work completed on contracts that has not yet been billed to the customer.