What does nuclear & safety — costs in excess of billings mean?

Represents revenue recognized on long-term contracts in the Nuclear & Safety segment that has not yet been billed to customers, often referred to as unbilled receivables. This metric is critical for tracking performance on complex projects where revenue is recognized over time based on progress. High levels may indicate a lag in the billing cycle or specific contract terms common in government and nuclear infrastructure projects.

Mirion Technologies MIR Nuclear & Safety — Costs in excess of billings

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$448.41M+1.7%

BWXTNuclear Manufacturing — Revenue

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MOG.BUnbilled Revenue

$842.16M+17.0%

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IES

IESCUnbilled Revenue

$100.85M+15.4%

Other financials

Income statement

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Revenue$257.6M+27.5%

Gross profit$119.1M+23.9%

Operating income$3.7M-57.5%

Net income-$3.4M-1,233%

EPS (diluted)-$0.01—

Balance sheet

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Cash & equivalents$400.8M+115%

Total debt$478.3M-33.5%

Total equity$1.8B+22.2%

Total assets$3.5B+34.7%

Cash flow

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Operating cash flow$18.9M-46.9%

CapEx$9.5M+11.8%

Free cash flow$9.4M-65.3%

Valuation

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Market cap$4.55B+35.0%

Profitability

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Gross margin47.1%+0.1pp

Operating margin4.7%+0.3pp

Net margin2.6%—

FCF margin9.1%-0.6pp

Returns & leverage

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Return on equity1.5%—

Debt / equity0.3×-0.2×

Current ratio3.2×+1.0×

Where this comes from

Reported directly by Mirion Technologies in its filing.

Tagged under the XBRL concept mir:BusinessCombinationRecognizedAssetAcquiredCostsInExcessOfBillings.

The official record: Mirion Technologies’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mirion Technologies's nuclear & safety — costs in excess of billings?: Mirion Technologies (MIR) reported nuclear & safety — costs in excess of billings of $12.4M in Q1 2026.
What does nuclear & safety — costs in excess of billings mean?: Represents revenue recognized on long-term contracts in the Nuclear & Safety segment that has not yet been billed to customers, often referred to as unbilled receivables. This metric is critical for tracking performance on complex projects where revenue is recognized over time based on progress. High levels may indicate a lag in the billing cycle or specific contract terms common in government and nuclear infrastructure projects.