What is Valaris's contract liabilities?

Valaris (VAL) reported contract liabilities of $56M in Q1 2026.

How has Valaris's contract liabilities changed year-over-year?

Valaris's contract liabilities decreased by 8.5% year-over-year, from $61.2M to $56M.

What is the long-term trend for Valaris's contract liabilities?

Over 5 years (2020 to 2025), Valaris's contract liabilities has grown at a 34.6% compound annual growth rate (CAGR), from $14.3M to $63.2M.

What does contract liabilities mean?

Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

Valaris VAL Contract Liabilities

Contract Liabilities at other companies

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$43M-37.7%

Noble CorporationNE

$98.85M-5.8%

Helmerich & PayneHP

$81.57M+52.5%

Patterson-UTI EnergyPTEN

$200K-50.0%

Weatherford InternationalWFRD

$2M0.0%

Other financials

Income statement

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Revenue$465.4M-25.0%

Gross profit$92.0M-55.3%

Operating income$20.0M-86.0%

Net income-$16.4M+56.7%

EPS (diluted)-$0.24+54.7%

Balance sheet

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Cash & equivalents$595.4M+31.2%

Total debt$1.2B-0.7%

Total equity$3.2B+43.2%

Total assets$5.4B+22.3%

Cash flow

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Operating cash flow$75.0M-51.9%

CapEx$100.9M+0.7%

Free cash flow-$25.9M-146%

Valuation

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Market cap$5.44B+143%

Profitability

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Gross margin28.3%-1.3pp

Operating margin16%-3.0pp

Net margin45.4%+32.8pp

FCF margin-31.2%—

Returns & leverage

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Return on equity37.4%+22.8pp

Debt / equity0.4×-0.2×

Current ratio1.5×-0.1×

Where this comes from

Reported directly by Valaris in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.

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

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Questions, answered.

What is Valaris's contract liabilities?: Valaris (VAL) reported contract liabilities of $56M in Q1 2026.
How has Valaris's contract liabilities changed year-over-year?: Valaris's contract liabilities decreased by 8.5% year-over-year, from $61.2M to $56M.
What is the long-term trend for Valaris's contract liabilities?: Over 5 years (2020 to 2025), Valaris's contract liabilities has grown at a 34.6% compound annual growth rate (CAGR), from $14.3M to $63.2M.
What does contract liabilities mean?: Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.