What is UFP Technologies's work in process?

UFP Technologies (UFPT) reported work in process of $7.15M 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.

UFP Technologies UFPT Work in process

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Other financials

Income statement

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Revenue$154.2M+4.1%

Gross profit$44.4M+5.2%

Operating income$23.4M+1.0%

Net income$17.5M+1.8%

EPS (diluted)$2.24+1.4%

Balance sheet

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Cash & equivalents$20.0M+42.4%

Total debt$156.1M-21.4%

Total equity$438.9M+21.7%

Total assets$674.7M+5.0%

Cash flow

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Operating cash flow$3.2M-76.8%

CapEx$2.9M+3.1%

Free cash flow$22.5M+151%

Valuation

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Market cap$1.88B-3.6%

Profitability

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Gross margin28.4%-0.6pp

Operating margin15.2%-0.9pp

Net margin11.3%-0.3pp

FCF margin12.3%+2.0pp

Returns & leverage

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Return on equity17.2%-2.2pp

Debt / equity0.4×-0.2×

Current ratio2.9×+0.3×

Where this comes from

Reported directly by UFP Technologies in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

The official record: UFP Technologies’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is UFP Technologies's work in process?: UFP Technologies (UFPT) reported work in process of $7.15M 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.