What is Raytheon Technologies's revenue recognized in advance of customer billings?

Raytheon Technologies (RTX) reported revenue recognized in advance of customer billings of $35.02B in Q4 2025.

Revenue recognized in advance of customer billings

Raytheon Technologies Revenue recognized in advance of customer billings increased by 15.9% to $35.02B in Q4 2025 compared to the prior quarter.

Analysis

StatementBalance Sheet Statement

SectionOther

CategoryLiquidity

SignalContext dependent

VolatilityModerate

First reportedQ4 2024

Last reportedQ4 2025

How to read this metric

An increase indicates strong project progress ahead of billing milestones, while a decrease may suggest slower project execution or faster billing cycles.

Detailed definition

This represents the value of revenue recognized for performance obligations satisfied before the customer is contractual...

Peer comparison

Standard for defense contractors and long-term project-based manufacturers using percentage-of-completion accounting.

Metric ID: other_contract_with_customer_asset_after_allowance_for_c_3cae0b

Historical Data

2 periods

	Q4 '24	Q4 '25
Value	$30.23B	$35.02B
QoQ Change	—	+15.9%
YoY Change	—	+15.9%

Range$30.23B – $35.02B

Avg YoY Growth+15.9%

Median YoY Growth+15.9%

Frequently Asked Questions

What is Raytheon Technologies's revenue recognized in advance of customer billings?: Raytheon Technologies (RTX) reported revenue recognized in advance of customer billings of $35.02B in Q4 2025.
What does revenue recognized in advance of customer billings mean?: Revenue recognized for work performed that has not yet been billed to the customer.