What is GE Vernova's services — current contract assets (note 9)?

GE Vernova (GEV) reported services — current contract assets (note 9) of $5.4B in Q2 2026.

What does services — current contract assets (note 9) mean?

Represents the entity's right to consideration in exchange for services that have been transferred to a customer but are not yet billed. These assets arise when revenue is recognized over time based on performance milestones or progress, but the contractual right to payment is conditional on future performance. It is a critical measure of unbilled revenue and working capital efficiency.

GE Vernova GEV Services — Current contract assets (Note 9)

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$435K+29.1%

COCOContract Assets, Net

$472K-21.5%

MAG

MAGNContract Assets, Net

$22M+633%

KOPContract Assets, Net

$8M-7.0%

KAIContract Assets, Net

$6.11M+9.3%

ADMAContract Assets, Net

$3.98M+1.7%

Other financials

Income statement

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Revenue$11.1B+21.9%

Gross profit$2.4B+27.9%

Operating income$653.0M+72.8%

Net income$668.0M+30.0%

EPS (diluted)$2.47+32.8%

Balance sheet

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Cash & equivalents$13.1B+66.2%

Total debt$4.0B+274%

Total equity$12.0B+34.7%

Total assets$80.8B+52.2%

Cash flow

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Operating cash flow$5.5B+1,396%

CapEx$386.0M+123%

Free cash flow$5.1B+2,532%

Valuation

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Market cap$270.26B+53.3%

Enterprise value$261.1B+54.1%

P/E28.4×-124×

P/S6.5×+1.7×

Profitability

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Gross margin20.2%+2.3pp

Operating margin4.3%+2.6pp

Net margin23%+19.9pp

FCF margin30.1%+22.7pp

Returns & leverage

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Return on equity91.5%+78.6pp

Debt / equity0.3×+0.2×

Current ratio0.8×-0.2×

Where this comes from

Reported directly by GE Vernova in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

The official record: GE Vernova’s 10-Q, filed July 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is GE Vernova's services — current contract assets (note 9)?: GE Vernova (GEV) reported services — current contract assets (note 9) of $5.4B in Q2 2026.
What does services — current contract assets (note 9) mean?: Represents the entity's right to consideration in exchange for services that have been transferred to a customer but are not yet billed. These assets arise when revenue is recognized over time based on performance milestones or progress, but the contractual right to payment is conditional on future performance. It is a critical measure of unbilled revenue and working capital efficiency.