What is DVLT's unbilled revenue?

DVLT (DVLT) reported unbilled revenue of $1.3M in Q1 2026.

What does unbilled revenue mean?

Represents revenue recognized for services performed or goods delivered for which the customer has not yet been invoiced. This metric indicates the volume of work completed that is pending formal billing cycles and serves as a leading indicator for future cash inflows. It is a critical measure of operational efficiency in contract-based revenue recognition.

DVLT DVLT Unbilled Revenue

Unbilled Revenue at other companies

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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:UnbilledReceivablesCurrent.

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 revenue?: DVLT (DVLT) reported unbilled revenue of $1.3M in Q1 2026.
What does unbilled revenue mean?: Represents revenue recognized for services performed or goods delivered for which the customer has not yet been invoiced. This metric indicates the volume of work completed that is pending formal billing cycles and serves as a leading indicator for future cash inflows. It is a critical measure of operational efficiency in contract-based revenue recognition.