What is UL Solutions's deferred revenue?

UL Solutions (ULS) reported deferred revenue of $410M in Q1 2026.

How has UL Solutions's deferred revenue changed year-over-year?

UL Solutions's deferred revenue increased by 2.5% year-over-year, from $400M to $410M.

What is the long-term trend for UL Solutions's deferred revenue?

Over 2 years (2023 to 2025), UL Solutions's deferred revenue has grown at a 3.3% compound annual growth rate (CAGR), from $162M to $173M.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

UL Solutions ULS Deferred Revenue

Deferred Revenue at other companies

FortiveFTV

$452M-20.1%

TIC Solutions TIC

$52M—

Tetra TechTTEK

$410.86M+10.0%

ESO

Energy Services of AmericaESOA

$29.47M+28.5%

Rockwell AutomationROK

$662M+2.0%

Keysight TechnologiesKEYS

——

Other financials

Income statement

See full

Revenue$758.0M+7.5%

Gross profit$381.0M+12.1%

Operating income$138.0M+26.6%

Net income$92.0M+37.3%

EPS (diluted)$0.45+36.4%

Balance sheet

See full

Cash & equivalents$258.0M-3.4%

Total debt$539.0M-36.1%

Total equity$1.3B+36.0%

Total assets$3.0B+2.7%

Cash flow

See full

Operating cash flow$219.0M+42.2%

CapEx$69.0M+35.3%

Free cash flow$150.0M+45.6%

Valuation

See full

Market cap$18.48B+27.3%

Enterprise value$18.76B+24.7%

P/E52.8×+8.4×

P/S6×+1.0×

Profitability

See full

Gross margin49.9%+1.3pp

Operating margin17.7%+1.2pp

Net margin11.3%-0.3pp

FCF margin14.5%+4.0pp

Returns & leverage

See full

Return on equity30.6%-10.5pp

Debt / equity0.4×-0.5×

Current ratio1.2×-0.1×

Where this comes from

Reported directly by UL Solutions in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

The official record: UL Solutions’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

Ask your AI about UL Solutions's deferred revenue.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is UL Solutions's deferred revenue?: UL Solutions (ULS) reported deferred revenue of $410M in Q1 2026.
How has UL Solutions's deferred revenue changed year-over-year?: UL Solutions's deferred revenue increased by 2.5% year-over-year, from $400M to $410M.
What is the long-term trend for UL Solutions's deferred revenue?: Over 2 years (2023 to 2025), UL Solutions's deferred revenue has grown at a 3.3% compound annual growth rate (CAGR), from $162M to $173M.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.