What is DVLT's contract assets?

DVLT (DVLT) reported contract assets of $1.3M in Q1 2026.

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.

DVLT DVLT Contract Assets

Contract Assets at other companies

Grid Dynamics Holdings, Inc.GDYN

$0—

Insight EnterprisesNSIT

$59.56M-7.6%

Energy Vault HoldingsNRGV

$18.07M+161%

Other financials

Income statement

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Revenue$3.4M+443%

Gross profit$111.0K+60.9%

Operating income-$31.0M-228%

Net income-$53.1M-456%

EPS (diluted)-$0.09+50.0%

Balance sheet

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Cash & equivalents$2.2M+1,189%

Total debt$4.4M+599%

Total equity$220.0M+169%

Total assets$250.1M+161%

Cash flow

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Operating cash flow-$8.7M-44.9%

CapEx$264.0K+408%

Free cash flow-$9.0M-48.0%

Valuation

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Market cap$299.45M+517%

Enterprise value$301.67M+522%

P/S7.2×-3.8×

Profitability

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Gross margin72.7%+55.4pp

Operating margin-696.6%-123pp

Net margin-294.3%-136pp

FCF margin-64.2%-30.5pp

Returns & leverage

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Return on equity-81.7%—

Debt / equity0×0.0×

Current ratio4.6×+4.0×

Where this comes from

Reported directly by DVLT in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

The official record: DVLT’s 10-Q, filed May 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is DVLT's contract assets?: DVLT (DVLT) reported contract assets of $1.3M in Q1 2026.
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.