What is Cactus's unbilled revenue?

Cactus (WHD) reported unbilled revenue of $170.8M in Q1 2026.

How has Cactus's unbilled revenue changed year-over-year?

Cactus's unbilled revenue increased by 316.6% year-over-year, from $41M to $170.8M.

What is the long-term trend for Cactus's unbilled revenue?

Over 5 years (2020 to 2025), Cactus's unbilled revenue has grown at a 35.3% compound annual growth rate (CAGR), from $8.7M to $39.4M.

Cactus WHD Unbilled Revenue

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Other financials

Income statement

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Revenue$388.3M+38.5%

Operating income$49.5M-27.8%

Net income$32.9M-25.6%

EPS (diluted)-$0.70-209%

Balance sheet

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Cash & equivalents$291.6M-16.1%

Total debt$55.2M+28.0%

Total equity$1.2B+7.4%

Total assets$2.5B+38.9%

Cash flow

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Operating cash flow$128.3M+209%

CapEx$282.0K-69.1%

Free cash flow$128.0M+215%

Valuation

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Market cap$3.67B+4.5%

Profitability

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Operating margin19.5%-6.5pp

Net margin13%-3.8pp

Returns & leverage

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Return on equity13.5%-5.6pp

Debt / equity0×0.0×

Current ratio2.6×-2.2×

Where this comes from

Reported directly by Cactus in its filing.

Tagged under the XBRL concept us-gaap:UnbilledReceivablesCurrent.

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

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Questions, answered.

What is Cactus's unbilled revenue?: Cactus (WHD) reported unbilled revenue of $170.8M in Q1 2026.
How has Cactus's unbilled revenue changed year-over-year?: Cactus's unbilled revenue increased by 316.6% year-over-year, from $41M to $170.8M.
What is the long-term trend for Cactus's unbilled revenue?: Over 5 years (2020 to 2025), Cactus's unbilled revenue has grown at a 35.3% compound annual growth rate (CAGR), from $8.7M to $39.4M.