Mirion Technologies MIR Project One — Contract asset balance (as a percent)
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Where this comes from
Reported directly by Mirion Technologies in its filing.
Tagged under the XBRL concept us-gaap:ConcentrationRiskPercentage1.
The source filing: Mirion Technologies’s 10-Q, filed April 29, 2026.
- Filed
- Apr 29, 2026, 4:06 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001628280-26-028363
Milestone billing is aligned to the timing of the associated performance of the Company at the contract onset and generally occurs multiple times in a given twelve month period. Unexpected project delays could impact the contract asset or liability position during the course of a contract. Contract asset balances are reviewed by management for future credit losses by considering factors such as historical experience, the customers' financial condition and current economic conditions. In circumstances where the Company is aware of a specific customer's inability to meet its financial and contractual obligations, a specific reserve is recorded against the contract asset. As of March 31, 2026, one project accounts for more than 10% of the contract asset balance (11%). For more information, see Note 3, Contracts in Progress.
Item 1. Financial Statements (Unaudited)
FAQ
- What is Mirion Technologies's project one — contract asset balance (as a percent)?
- Mirion Technologies (MIR) reported project one — contract asset balance (as a percent) of 11% in Q1 2026.
- What does project one — contract asset balance (as a percent) mean?
- This metric represents the ratio of unbilled contract assets to total revenue or total contract value for the Project One initiative. It serves as a key indicator of revenue recognition timing relative to customer invoicing and cash collection cycles. A high percentage may signal potential delays in project milestones or billing processes, while a stable or decreasing percentage suggests efficient project execution and revenue realization.
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