SPX Technologies SPXC Contract Assets
Contract Assets at other companies
Other financials
Where this comes from
Reported directly by SPX Technologies in its filing.
Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.
The official record: SPX Technologies’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is SPX Technologies's contract assets?
- SPX Technologies (SPXC) reported contract assets of $78.9M in Q1 2026.
- How has SPX Technologies's contract assets changed year-over-year?
- SPX Technologies's contract assets increased by 110.4% year-over-year, from $37.5M to $78.9M.
- What is the long-term trend for SPX Technologies's contract assets?
- Over 5 years (2020 to 2025), SPX Technologies's contract assets has grown at a 14.9% compound annual growth rate (CAGR), from $32.5M to $65M.
- What does contract assets mean?
- Revenue recognized for work performed that has not yet been formally billed to the customer.
- How do you interpret contract assets?
- An increase indicates a growing backlog of unbilled work, which may signal future cash inflows but also potential project execution risk.
- How does contract assets compare across companies?
- Common in industrial and construction-related firms using percentage-of-completion accounting.