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MillerKnoll MLKN Unbilled Revenue

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Other financials

Income statement

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Revenue$926.6M+5.8%
Gross profit$352.9M+6.2%
Operating income$44.9M+155%
Net income$23.5M+285%
EPS (diluted)$0.34+279%

Balance sheet

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Cash & equivalents$174.6M+2.8%
Total debt$1.8B-2.1%
Total equity$1.3B+6.5%
Total assets$4.0B+1.4%

Cash flow

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Operating cash flow$61.1M-1.5%
CapEx$22.1M-4.7%
Free cash flow$39.0M+0.5%

Valuation

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Market cap$1.18B+2.9%
Enterprise value$2.82B+1.0%
P/E109.2×+67.4×
P/S0.3×0.0×

Profitability

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Gross margin38.7%-0.2pp
Operating margin5.3%+4.8pp
Net margin0.3%-0.6pp
FCF margin2.2%-1.3pp

Returns & leverage

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Return on equity0.8%-1.4pp
Debt / equity1.4×-0.1×
Current ratio1.6×0.0×

Where this comes from

Reported directly by MillerKnoll in its filing.

Tagged under the XBRL concept us-gaap:UnbilledReceivablesCurrent.

The official record: MillerKnoll’s 10-Q, filed March 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MillerKnoll's unbilled revenue?
MillerKnoll (MLKN) reported unbilled revenue of $22.9M in Q4 2025.
How has MillerKnoll's unbilled revenue changed year-over-year?
MillerKnoll's unbilled revenue decreased by 5.8% year-over-year, from $24.3M to $22.9M.
What is the long-term trend for MillerKnoll's unbilled revenue?
Over 4 years (2021 to 2025), MillerKnoll's unbilled revenue has grown at a 13.2% compound annual growth rate (CAGR), from $16.4M to $26.9M.
What does unbilled revenue mean?
This represents the value of goods or services delivered to customers for which the company has earned revenue but has not yet issued a formal invoice. It reflects the timing difference between revenue recognition under accounting standards and the contractual billing cycle. Monitoring this balance helps investors assess potential cash flow generation and the efficiency of the company's billing processes.