What is Kodiak Gas Services's contract assets?

Kodiak Gas Services (KGS) reported contract assets of $7.73M in Q1 2026.

How has Kodiak Gas Services's contract assets changed year-over-year?

Kodiak Gas Services's contract assets decreased by 61.2% year-over-year, from $19.89M to $7.73M.

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.

Kodiak Gas Services KGS Contract Assets

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Other financials

Income statement

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Revenue$345.8M+4.9%

Gross profit$222.9M+10.8%

Operating income$106.8M+19.8%

Net income$17.8M-41.5%

EPS (diluted)$0.20-39.4%

Balance sheet

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Cash & equivalents$94.4M+4,739%

Total debt$2.8B+7.3%

Total equity$1.2B-13.3%

Total assets$4.5B+1.3%

Cash flow

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Operating cash flow$71.2M-37.7%

CapEx$118.4M+52.6%

Free cash flow-$47.2M-228%

Valuation

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Market cap$6.98B+52.7%

Enterprise value$9.72B+30.9%

P/E102.8×+11.5×

P/S5.3×+1.7×

Profitability

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Gross margin64.2%+3.7pp

Operating margin27%+5.1pp

Net margin5.1%+1.2pp

FCF margin15.1%—

Returns & leverage

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Return on equity5.4%+1.4pp

Debt / equity2.4×+0.5×

Current ratio1.3×+0.1×

Where this comes from

Reported directly by Kodiak Gas Services in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

The official record: Kodiak Gas Services’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Kodiak Gas Services's contract assets?: Kodiak Gas Services (KGS) reported contract assets of $7.73M in Q1 2026.
How has Kodiak Gas Services's contract assets changed year-over-year?: Kodiak Gas Services's contract assets decreased by 61.2% year-over-year, from $19.89M to $7.73M.
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.