What is DVLT's unbilled accounts receivable?

DVLT (DVLT) reported unbilled accounts receivable of -$401K in Q1 2026.

What does unbilled accounts receivable mean?

Represents revenue recognized for services performed or goods delivered for which the company has not yet issued a formal invoice. This metric highlights the gap between revenue recognition and the billing cycle, impacting the company's working capital efficiency. A growing balance may indicate delays in the billing process or specific contractual payment milestones.

DVLT DVLT Unbilled Accounts Receivable

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 dvlt:UnbilledAccountsReceivable.

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 unbilled accounts receivable?: DVLT (DVLT) reported unbilled accounts receivable of -$401K in Q1 2026.
What does unbilled accounts receivable mean?: Represents revenue recognized for services performed or goods delivered for which the company has not yet issued a formal invoice. This metric highlights the gap between revenue recognition and the billing cycle, impacting the company's working capital efficiency. A growing balance may indicate delays in the billing process or specific contractual payment milestones.