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

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Other financials

Income statement

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Revenue$266.8M+19.7%
Gross profit$133.1M+29.9%
Operating income$17.9M+80.8%
Net income$7.7M-7.2%
EPS (diluted)$0.030.0%

Balance sheet

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Cash & equivalents$421.6M+60.3%
Total debt$476.6M-0.1%
Total equity$1.8B+24.9%
Total assets$3.5B+28.6%

Cash flow

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Operating cash flow$58.5M+372%
CapEx$10.4M+18.2%
Free cash flow$48.1M+1,236%

Valuation

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Market cap$3.74B-24.7%
Enterprise value$3.8B-26.7%
P/E152.7×
P/S3.7×-2.0×

Profitability

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Gross margin48%+1.3pp
Operating margin5.3%+0.1pp
Net margin2.4%
FCF margin13%+3.6pp

Returns & leverage

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Return on equity1.5%
Debt / equity0.3×-0.1×
Current ratio3.2×+0.7×

Where this comes from

Reported directly by Mirion Technologies in its filing.

Tagged under the XBRL concept mir:BusinessCombinationRecognizedAssetAcquiredCostsInExcessOfBillings.

The source filing: Mirion Technologies’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:06 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050604
Date of acquisition / SegmentCertrec / July 31, 2025 / Nuclear & Safety / Final Amounts at June 30, 2026Paragon / December 1, 2025 / Nuclear & Safety / Provisional Amounts at December 31, 2025Paragon / December 1, 2025 / Nuclear & Safety / Measurement-period AdjustmentsParagon / December 1, 2025 / Nuclear & Safety / Provisional Amounts at June 30, 2026
Cash$2.3$4.6$4.6
Restricted cash—current2.52.5
Accounts receivable, net0.714.314.3
Costs in excess of billings12.4(0.8)11.6
Inventories16.3(0.7)15.6
Prepaid expenses and other currents assets0.12.32.3
Property, plant, and equipment, net1.41.4
Other assets0.82.3(0.5)1.8

Item 1. Financial Statements (Unaudited)

FAQ

What is Mirion Technologies's nuclear & safety — costs in excess of billings?
Mirion Technologies (MIR) reported nuclear & safety — costs in excess of billings of $11.6M in Q2 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.

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