What is Resideo Technologies, Inc.'s work in process?

Resideo Technologies, Inc. (REZI) reported work in process of $15M in Q1 2026.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Resideo Technologies, Inc. REZI Work in process

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Other financials

Income statement

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Revenue$1.9B+8.0%

Gross profit$551.0M+7.8%

Operating income$102.0M-25.0%

Net income$38.0M+533%

EPS (diluted)$0.17+950%

Balance sheet

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Cash & equivalents$440.0M-23.9%

Total debt$3.5B+72.2%

Total equity$2.9B-12.7%

Total assets$8.2B+1.6%

Cash flow

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Operating cash flow-$145.0M-123%

CapEx$36.0M+16.1%

Free cash flow-$181.0M-88.5%

Valuation

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Market cap$4.83B+94.8%

Enterprise value$7.91B+100%

P/S0.6×+0.3×

Profitability

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Gross margin29.4%+0.8pp

Operating margin7.5%0.0pp

Net margin-8.6%-11.3pp

FCF margin-17.9%-24.4pp

Returns & leverage

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Return on equity-20.9%-26.7pp

Debt / equity1.2×+0.6×

Current ratio2.1×+0.1×

Where this comes from

Reported directly by Resideo Technologies, Inc. in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

The official record: Resideo Technologies, Inc.’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Resideo Technologies, Inc.'s work in process?: Resideo Technologies, Inc. (REZI) reported work in process of $15M in Q1 2026.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.