What is Primoris Services's change in deferred revenue?

Primoris Services (PRIM) reported change in deferred revenue of -$61.7M in Q1 2026.

How has Primoris Services's change in deferred revenue changed year-over-year?

Primoris Services's change in deferred revenue increased by 0.8% year-over-year, from -$62.2M to -$61.7M.

What does change in deferred revenue mean?

Change in payments received from customers for goods/services not yet delivered — a key SaaS and subscription metric.

Primoris Services PRIM Change in Deferred Revenue

Change in Deferred Revenue at other companies

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$38.9M-63.5%

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-$18.75M+46.3%

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Other financials

Income statement

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Revenue$1.6B-5.4%

Gross profit$134.7M-21.1%

Operating income$24.4M-65.3%

Net income$17.4M-60.6%

EPS (diluted)$0.32-60.5%

Balance sheet

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Cash & equivalents$361.5M+2.8%

Total debt$928.0M-12.4%

Total equity$1.7B+16.5%

Total assets$4.2B-0.1%

Cash flow

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Operating cash flow-$122.6M-285%

CapEx$27.8M-31.5%

Free cash flow-$150.4M-688%

Valuation

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Market cap$5.5B+151%

Enterprise value$6.06B+119%

P/E22.2×+11.5×

P/S0.7×+0.4×

Profitability

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Gross margin10.4%-0.8pp

Operating margin4.9%-0.3pp

Net margin3.3%+0.2pp

FCF margin2.2%-4.6pp

Returns & leverage

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Return on equity15.9%+0.6pp

Debt / equity0.6×-0.2×

Current ratio1.3×+0.1×

Where this comes from

Reported directly by Primoris Services in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInContractWithCustomerLiability.

The official record: Primoris Services’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Primoris Services's change in deferred revenue?: Primoris Services (PRIM) reported change in deferred revenue of -$61.7M in Q1 2026.
How has Primoris Services's change in deferred revenue changed year-over-year?: Primoris Services's change in deferred revenue increased by 0.8% year-over-year, from -$62.2M to -$61.7M.
What does change in deferred revenue mean?: Change in payments received from customers for goods/services not yet delivered — a key SaaS and subscription metric.