Hubbell Deferred revenue, net of current portion decreased by 3.8% to $167.90M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 8.3%, from $183.00M to $167.90M. Over 2 years (FY 2023 to FY 2025), Deferred revenue, net of current portion shows an upward trend with a 21.3% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
An increase signals strong long-term contract growth and future revenue stability, while a decrease may indicate slowing long-term bookings.
This represents revenue that has been billed or collected from customers for services to be delivered beyond the next tw...
Common in SaaS and subscription-based service models; peers in the HCM and payroll space report this to show contract duration.
non_current_liabilities_contract_with_customer_liability_a5d23a| Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $118.60M | $140.80M | $148.50M | $134.60M | $148.00M | $183.00M | $157.60M | $137.60M | $174.60M | $167.90M |
| QoQ Change | — | +18.7% | +5.5% | -9.4% | +10.0% | +23.6% | -13.9% | -12.7% | +26.9% | -3.8% |
| YoY Change | — | — | — | — | +24.8% | +30.0% | +6.1% | +2.2% | +18.0% | -8.3% |