Non-Current Assets

Capitalized software licenses

UL Solutions Capitalized software licenses decreased by 11.4% to $93.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 24.4%, from $123.00M to $93.00M. Over 2 years (FY 2023 to FY 2025), Capitalized software licenses shows a downward trend with a -13.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryEfficiency
SignalHigher is better
VolatilityModerate
First reportedQ4 2025
Last reportedQ1 2026

How to read this metric

An increase indicates ongoing investment in digital transformation, IT infrastructure, or internal efficiency tools.

Detailed definition

The net book value of software developed or purchased for internal use, which provides future economic benefits beyond t...

Peer comparison

Reflects the intensity of digital investment; varies based on the company's reliance on proprietary technology for operations.

Metric ID: non_current_assets_capitalized_computer_software_net

Historical Data

10 periods
 Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$139.00M$136.00M$135.00M$133.00M$127.00M$123.00M$119.00M$111.00M$105.00M$93.00M
QoQ Change-2.2%-0.7%-1.5%-4.5%-3.1%-3.3%-6.7%-5.4%-11.4%
YoY Change-8.6%-9.6%-11.9%-16.5%-17.3%-24.4%
Range$93.00M$139.00M
CAGR-16.4%
Avg YoY Growth-14.7%
Median YoY Growth-14.2%
Current Streak9+ quarters decline

Frequently Asked Questions

What is UL Solutions's capitalized software licenses?
UL Solutions (ULS) reported capitalized software licenses of $93.00M in Q1 2026.
How has UL Solutions's capitalized software licenses changed year-over-year?
UL Solutions's capitalized software licenses decreased by 24.4% year-over-year, from $123.00M to $93.00M.
What is the long-term trend for UL Solutions's capitalized software licenses?
Over 2 years (2023 to 2025), UL Solutions's capitalized software licenses has grown at a -13.1% compound annual growth rate (CAGR), from $139.00M to $105.00M.
What does capitalized software licenses mean?
The value of software the company owns and uses to run its business, after accounting for depreciation.