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Leonardo DRS, Inc. DRS Deferred Revenue

Deferred Revenue at other companies

General Dynamics logo
General DynamicsGD
$10.85B+11.0%
Raytheon Technologies logo
Raytheon TechnologiesRTX
$21.94B+15.2%
L3Harris Technologies logo
L3Harris TechnologiesLHX
$2.74B+28.8%
Lockheed Martin logo
Lockheed MartinLMT
$10.74B+14.5%
Northrop Grumman logo
Northrop GrummanNOC
$3.7B-0.4%
HEICO logo
HEICOHEI

Other financials

Income statement

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Revenue$846.0M+5.9%
Gross profit$212.0M+17.1%
Operating income$77.0M+30.5%
Net income$62.0M+24.0%
EPS (diluted)$0.23+21.1%

Balance sheet

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Cash & equivalents$328.0M-13.7%
Total debt$170.0M-53.7%
Total equity$2.8B+7.7%
Total assets$4.2B+2.8%

Cash flow

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Operating cash flow-$66.0M+52.2%
CapEx$30.0M-6.3%
Free cash flow-$96.0M+43.5%

Valuation

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Market cap$12.29B+35.8%
Enterprise value$12.13B+34.1%
P/E42.4×+3.7×
P/S3.3×+0.6×

Profitability

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Gross margin24.4%+1.5pp
Operating margin9.9%+0.7pp
Net margin7.8%+0.9pp
FCF margin8.1%

Returns & leverage

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Return on equity10.9%+1.4pp
Debt / equity0.1×-0.1×
Current ratio1.9×-0.2×

Where this comes from

Reported directly by Leonardo DRS, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

The official record: Leonardo DRS, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Leonardo DRS, Inc.'s deferred revenue?
Leonardo DRS, Inc. (DRS) reported deferred revenue of $640M in Q1 2026.
How has Leonardo DRS, Inc.'s deferred revenue changed year-over-year?
Leonardo DRS, Inc.'s deferred revenue increased by 37.0% year-over-year, from $467M to $640M.
What is the long-term trend for Leonardo DRS, Inc.'s deferred revenue?
Over 5 years (2020 to 2025), Leonardo DRS, Inc.'s deferred revenue has grown at a 27.0% compound annual growth rate (CAGR), from $177M to $585M.
What does deferred revenue mean?
Cash received from customers for work that has not yet been completed.
How do you interpret deferred revenue?
An increase indicates strong future demand and cash inflow, while a decrease suggests revenue is being recognized faster than new contracts are signed.
How does deferred revenue compare across companies?
Common in defense and software; high levels indicate strong contract backlogs and healthy cash flow from government clients.