What is Wendy's's contract liabilities?

Wendy's (WEN) reported contract liabilities of $84.43M in Q1 2026.

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

Wendy's's contract liabilities decreased by 4.1% year-over-year, from $88.06M to $84.43M.

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

Over 5 years (2020 to 2025), Wendy's's contract liabilities has grown at a -0.3% compound annual growth rate (CAGR), from $89.09M to $87.96M.

What does contract liabilities mean?

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

Wendy's WEN Contract Liabilities

Contract Liabilities at other companies

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$50.88M+22.6%

Papa John's InternationalPZZA

$18.41M-9.4%

Planet FitnessPLNT

$29.13M-6.5%

Shake ShackSHAK

$18.86M+5.6%

Restaurant Brands InternationalQSR

——

Dutch BrosBROS

——

Other financials

Income statement

See full

Revenue$540.6M+3.3%

Gross profit$339.6M+1.3%

Operating income$64.9M-21.9%

Net income$22.7M-42.1%

EPS (diluted)$0.12-36.8%

Balance sheet

See full

Cash & equivalents$362.0M-6.9%

Total debt$4.1B+1.0%

Total equity$115.6M-11.3%

Total assets$4.9B+0.1%

Cash flow

See full

Operating cash flow$59.4M-30.5%

CapEx$11.9M-32.8%

Free cash flow$47.5M-29.9%

Valuation

See full

Market cap$1.5B-35.1%

Enterprise value$5.25B-12.4%

P/E10.1×-2.0×

P/S0.7×-0.3×

Profitability

See full

Gross margin63.3%-1.8pp

Operating margin14.8%-1.9pp

Net margin6.8%-1.8pp

FCF margin10.1%-0.9pp

Returns & leverage

See full

Return on equity120.9%+30.5pp

Debt / equity35.6×+4.3×

Current ratio1.8×+0.3×

Where this comes from

Reported directly by Wendy's in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.

The official record: Wendy's’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Wendy's's contract liabilities?: Wendy's (WEN) reported contract liabilities of $84.43M in Q1 2026.
How has Wendy's's contract liabilities changed year-over-year?: Wendy's's contract liabilities decreased by 4.1% year-over-year, from $88.06M to $84.43M.
What is the long-term trend for Wendy's's contract liabilities?: Over 5 years (2020 to 2025), Wendy's's contract liabilities has grown at a -0.3% compound annual growth rate (CAGR), from $89.09M to $87.96M.
What does contract liabilities mean?: Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.