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UL Solutions Balance Sheet Statement

Assets, liabilities, and shareholders' equity

UL Solutions holds $3.0B in total assets. Shareholders' equity is $1.3B against $539.0M in total debt. Cash and equivalents total $258.0M. The current ratio is 1.16 and debt-to-equity is 0.409. Based on the Q1 2026 filing.

Total Assets$3.0BTotal Stockholders Equity$1.3BLong Term Debt$357.0MCash And Equivalents$258.0MTotal Current Assets$1.0BTotal Current Liabilities$899.0M
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$19.8B
P/E Ratio56.67
ROE30.58%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$182M$143M$139M$151M$183M$168M
Accrued expenses$254M$164M$208M$254M$282M$188M
Accrued Manufacturing Costs$254M$164M$208M$254M$282M$188M
Compensation and benefits$254M$164M$208M$254M$282M$188M
Other accrued liabilities$54M$57M$48M$47M$79M$92M
Deferred revenue$162M$400M$328M$255M$173M$410M
Operating lease liabilities, current$38M$40M$42M$42M$43M$41M
Restructuring Reserve—————$40M
Total current liabilities$740M$804M$765M$749M$760M$899M

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$380M$463M$424M$386M$422M$497M
Allowance for Doubtful Accounts$9M$12M$13M$13M$12M$12M
Allowance for Doubtful Accounts Receivable (Current)$9M$12M$13M$13M$12M$12M
Cash and cash equivalents$298M$267M$272M$255M$295M$258M
Contract assets$182M$203M$224M$237M$204M$222M
Other current assets$61M$65M$89M$117M$79M$70M
Prepaid expenses and other current assets$61M$65M$89M$117M$79M$70M
Total current assets$921M$998M$1B$995M$1B$1B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated Goodwill Impairment Losses$137M$137M$137M$137M$137M$137M
Accumulated Amortization on Capitalized Software$427M$444M$463M$475M$475M$451M
Capitalized Computer Software, Net$127M$123M$119M$111M$105M$93M
Deferred tax assets$108M$108M—$4M$94M$92M
Deferred Tax Assets and Other Non-Current Assets$136M$139M$136M$139M$140M$152M
Disposal Group - Goodwill—————$8M
Finite Lived Intangible Assets - Gross$297M$299M$305M$305M$304M$301M
Goodwill$633M$641M$656M$655M$656M$643M
Equity securities$36M$36M$33M$33M$33M$33M
Intangible assets, net$58M$56M$55M$52M$48M$44M
Net Investment in Lease$186M$182M$188M$184M$179M$173M
Capitalized software licenses$127M$123M$119M$111M$105M$93M
Deferred tax assets$108M$108M$110M$99M$94M$92M
Intangible assets — net$58M$56M$55M$52M$48M$44M
Operating lease right-of-use assets$186M$182M$188M$184M$179M$173M
Other non-current assets$136M$139M$136M$139M$140M$152M
Property, plant and equipment, net$631M$631M$649M$663M$699M$711M
Operating lease right-of-use assets$186M$182M$188M$184M$179M$173M
Operating Lease Right-of-Use Assets in Other Assets$186M$182M$188M$184M$179M$173M
Other non-current assets$136M$139M$136M$139M$140M$152M
Accumulated depreciation$772M$803M$849M$869M$879M$890M
Property and equipment, net$631M$631M$649M$663M$699M$711M
Software and Technology Licenses, Net$127M$123M$119M$111M$105M$93M
Total assets$2.8B$2.9B$2.9B$2.9B$2.9B$3B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$821M$829M$852M$866M$887M$888M
Accumulated other comprehensive income (loss)-$167M-$150M-$115M-$102M-$95M-$102M
Cumulative Gross Losses and Impairments$137M$137M$137M$137M$137M$137M
Noncontrolling interests$27M$14M$20M$27M$32M$17M
Retained earnings$250M$291M$356M$429M$470M$533M
Total liabilities and stockholders' equity$2.8B$2.9B$2.9B$2.9B$2.9B$3B
Total stockholders' equity$904M$970M$1.1B$1.2B$1.3B$1.3B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Debt - Unamortized Discount (Premium) and Issuance Costs, Net$5M$4M$4M$3M$3M$3M
Defined Benefit Pension Plan Liabilities (Non-Current)$196M$195M$202M$146M$134M$125M
Long-term debt$692M$653M$608M$544M$491M$357M
Retirement and nonpension postretirement benefit obligations$196M$195M$202M$146M$134M$125M
Operating lease liabilities, non-current$155M$150M$155M$150M$149M$141M
Operating Lease Liabilities (Total)$193M———$192M—
Other non-current liabilities$86M$92M$79M$89M$93M$97M
Total Carrying Value of Debt$747M$657M$612M$547M$494M$360M
Total liabilities$1.9B$1.9B$1.8B$1.7B$1.6B$1.6B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred Revenue Timing Percentage—62.0%61.0%63.0%—67.0%
Allowance for doubtful accounts$9M$12M$13M$13M$12M$12M
Contract with Customer, Asset, Allowance for Credit Loss, Current$1M$2M$2M$2M$2M$2M
Long-term debt, gross$747M$657M$612M$547M$494M$360M
Finite-Lived Intangible Assets, Accumulated Amortization$239M$243M$250M$253M$256M$257M
Gross Carrying Amount$297M$299M$305M$305M$304M$301M
Goodwill accumulated impairment losses$137M$137M$137M$137M$137M$137M
Noncontrolling interests in subsidiaries$27M$14M$20M$27M$32M$17M
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied—$201M$203M$189M—$186M