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Papa John's International PZZA Unearned franchise fees and royalties — Remaining performance obligation

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Other financials

Income statement

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Revenue$478.6M-7.7%
Gross profit$137.7M-9.3%
Operating income$20.8M-13.4%
Net income$7.3M-21.3%
EPS (diluted)$0.21-22.2%

Balance sheet

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Cash & equivalents$39.0M-11.3%
Total debt$952.6M-3.2%
Total equity-$449.1M-4.0%
Total assets$831.9M-7.4%

Cash flow

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Operating cash flow$7.2M-76.9%
CapEx$13.5M+10.0%
Free cash flow-$6.2M-133%

Valuation

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Market cap$1.19B-26.9%
Enterprise value$2.1B-18.1%
P/E41.5×+20.7×
P/S0.6×-0.2×

Profitability

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Gross margin28.8%+0.3pp
Operating margin4.3%-2.9pp
Net margin1.4%-2.4pp
FCF margin1.8%

Returns & leverage

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Return on equity131.1%
Debt / equity33.6×
Current ratio0.8×0.0×

Where this comes from

Reported directly by Papa John's International in its filing.

Tagged under the XBRL concept us-gaap:RevenueRemainingPerformanceObligation.

The official record: Papa John's International’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Papa John's International's unearned franchise fees and royalties — remaining performance obligation?
Papa John's International (PZZA) reported unearned franchise fees and royalties — remaining performance obligation of $16.46M in Q1 2026.
How has Papa John's International's unearned franchise fees and royalties — remaining performance obligation changed year-over-year?
Papa John's International's unearned franchise fees and royalties — remaining performance obligation decreased by 11.7% year-over-year, from $18.64M to $16.46M.
What does unearned franchise fees and royalties — remaining performance obligation mean?
This metric quantifies the total transaction price allocated to franchise-related performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting period. It represents the aggregate future revenue expected to be recognized as the company fulfills its contractual duties to franchisees. Investors use this to assess the long-term revenue visibility and the strength of the company's contractual commitments within its franchise network.