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Leonardo DRS, Inc. DRS Contract Assets
Contract Assets at other companies
Other financials
Where this comes from
Reported directly by Leonardo DRS, Inc. in its filing.
Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.
The source filing: Leonardo DRS, Inc.’s 10-Q, filed May 5, 2026.
- Filed
- May 5, 2026, 4:36 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001833756-26-000025
| (Dollars in millions, except per share amounts) | (Unaudited) / March 31, 2026 | December 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $328 | $647 |
| Accounts receivable, net | 324 | 334 |
| Contract assets | 975 | 931 |
| Inventories | 371 | 352 |
| Prepaid expenses | 27 | 26 |
| Other current assets | 31 | 36 |
| Total current assets | 2,056 | 2,326 |
ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)
FAQ
- What is Leonardo DRS, Inc.'s contract assets?
- Leonardo DRS, Inc. (DRS) reported contract assets of $975M in Q1 2026.
- How has Leonardo DRS, Inc.'s contract assets changed year-over-year?
- Leonardo DRS, Inc.'s contract assets decreased by 0.7% year-over-year, from $982M to $975M.
- What is the long-term trend for Leonardo DRS, Inc.'s contract assets?
- Over 5 years (2020 to 2025), Leonardo DRS, Inc.'s contract assets has grown at a 6.7% compound annual growth rate (CAGR), from $672M to $931M.
- What does contract assets mean?
- Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.
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