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WD-40 Company WDFC Contract Liabilities

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Other financials

Income statement

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Revenue$195.1M+24.3%
Gross profit$110.4M+25.3%
Operating income$40.3M+47.4%
Net income$30.2M+44.0%
EPS (diluted)$2.24+45.5%

Balance sheet

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Cash & equivalents$59.1M+14.4%
Total debt$129.7M+11.3%
Total equity$278.7M+8.4%
Total assets$499.8M+9.6%

Cash flow

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Operating cash flow$30.5M-12.9%
CapEx$1.2M+8.4%
Free cash flow$29.3M-13.6%

Valuation

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Market cap$3.15B+6.9%
Enterprise value$3.22B-1.4%
P/E35.3×+1.3×
P/S4.7×-0.1×

Profitability

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Gross margin55.8%+0.9pp
Operating margin17.5%+1.2pp
Net margin13.2%-0.9pp
FCF margin11.8%-1.5pp

Returns & leverage

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Return on equity33.3%-2.8pp
Debt / equity0.5×-0.2×
Current ratio2.7×-0.2×

Where this comes from

Reported directly by WD-40 Company in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The source filing: WD-40 Company’s 10-Q, filed July 9, 2026.

Filed
Jul 9, 2026, 4:16 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0000105132-26-000061

Contract liabilities consist of deferred revenue related to undelivered products. Deferred revenue is recorded when payments have been received from customers for undelivered products. Revenue is subsequently recognized when revenue recognition criteria are met, generally when control of the product transfers to the customer. The Company had contract liabilities of $3.1 million and $4.7 million as of May 31, 2026 and August 31, 2025, respectively. All of the $4.7 million that was included in contract liabilities as of August 31, 2025 was recognized to revenue during the nine months ended

Item 1. Financial Statements (Unaudited)

FAQ

What is WD-40 Company's contract liabilities?
WD-40 Company (WDFC) reported contract liabilities of $3.1M in Q1 2026.
How has WD-40 Company's contract liabilities changed year-over-year?
WD-40 Company's contract liabilities increased by 24.0% year-over-year, from $2.5M to $3.1M.
What is the long-term trend for WD-40 Company's contract liabilities?
Over 4 years (2021 to 2025), WD-40 Company's contract liabilities has grown at a -1.5% compound annual growth rate (CAGR), from $5M to $4.7M.
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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