V2X VVX Contract Liabilities
Contract Liabilities at other companies
Other financials
Where this comes from
Reported directly by V2X in its filing.
Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.
The source filing: V2X’s 10-Q, filed May 4, 2026.
- Filed
- May 4, 2026, 4:06 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001601548-26-000025
As of January 1, 2025, the Company had contract assets of $620.5 million. As of April 3, 2026 and December 31, 2025, the Company had contract assets of $647.2 million and $637.2 million, respectively. Contract assets primarily consist of unbilled receivables which represent rights to consideration for work completed but not billed as of the reporting date. The balance of unbilled receivables consists of costs and fees that are: (i) billable immediately; (ii) billable on contract completion; or (iii) billable upon other specified events, such as the resolution of a request for equitable adjustment. Refer to Note4, Receivables for additional information regarding the composition of the Company's receivable balances. As of January 1, 2025, the Company had contract liabilities of $98.7 million. As of April 3, 2026 and December 31, 2025, contract liabilities, included in other accrued liabilities in the Condensed Consolidated Balance Sheets, were $122.2 million and $109.4 million, respectively.
Item 1. Financial Statements (Unaudited)
FAQ
- What is V2X's contract liabilities?
- V2X (VVX) reported contract liabilities of $122.2M in Q1 2026.
- How has V2X's contract liabilities changed year-over-year?
- V2X's contract liabilities increased by 28.1% year-over-year, from $95.4M to $122.2M.
- What is the long-term trend for V2X's contract liabilities?
- Over 4 years (2021 to 2025), V2X's contract liabilities has grown at a 111.2% compound annual growth rate (CAGR), from $5.5M to $109.4M.
- What does contract liabilities mean?
- Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.
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