UL Solutions Inc.
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ULS Q1 2026 request
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/api/financials?ticker=ULS&year=2026&quarter=1
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| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Revenue | 758 | 705 | +7.5% |
Show Product Lines breakouts |
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| Certification Testing | 211 | 189 | +11.6% |
| Non-certification Testing and Other Services | 209 | 203 | +3.0% |
| Ongoing Certification Services | 265 | 245 | +8.2% |
| Software | 73 | 68 | +7.4% |
Show Business Segments breakouts |
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| Consumer · Operating Segments | 318 | 304 | +4.6% |
| Industrial · Operating Segments | 375 | 340 | +10.3% |
| Risk & Compliance Software · Operating Segments | 65 | 61 | +6.6% |
Show Consolidation Items breakouts |
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| Operating Segments | 758 | 705 | +7.5% |
| Cost of Revenue | 377 | 365 | +3.3% |
| Selling, General & Administrative | 243 | 232 | +4.7% |
| Restructuring Charges (Q) | — | — | — |
Show Business Segments breakouts |
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| Consumer · Operating Segments | -1 | -1 | 0.0% |
| Industrial · Operating Segments | 1 | — | — |
Show Restructuring Cost And Reserve breakouts |
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| Employee Severance | -2 | -1 | -100.0% |
| Employee Severance And Professional Services | -1 | — | — |
| Facility Closing | 1 | — | — |
| Professional Services | 1 | — | — |
| Operating Income | 138 | 109 | +26.6% |
Show Business Segments breakouts |
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| Consumer · Operating Segments | 30 | 22 | +36.4% |
| Industrial · Operating Segments | 101 | 83 | +21.7% |
| Risk & Compliance Software · Operating Segments | 7 | 4 | +75.0% |
Show Consolidation Items breakouts |
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| Operating Segments | 138 | 109 | +26.6% |
| Interest Expense | -8 | -12 | +33.3% |
| Non-Operating Income (Expense) | -1 | -3 | +66.7% |
| Income Before Taxes | 129 | 94 | +37.2% |
| Income Tax Expense (Benefit) | 32 | 23 | +39.1% |
| Net Income | 97 | 71 | +36.6% |
Show Equity Components breakouts |
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| Noncontrolling Interest | 5 | 4 | +25.0% |
| Retained Earnings | 92 | 67 | +37.3% |
| Net Income Loss Attributable To Noncontrolling Interest | 5 | 4 | +25.0% |
| Net Income | 92 | 67 | +37.3% |
| EPS (Basic) | 0.46 | 0.34 | +35.3% |
| EPS (Diluted) | 0.45 | 0.33 | +36.4% |
| Wtd Avg Shares (Basic) | 201 | 200 | +0.5% |
| Wtd Avg Shares (Diluted) | 204 | 203 | +0.5% |
| Comprehensive Income | 85 | 84 | +1.2% |
Balance Sheet
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 258 | 267 | -3.4% |
| Accounts Receivable | 497 | 463 | +7.3% |
| Contract With Customer Asset Net Current | 222 | 203 | +9.4% |
| Other Assets Current | 70 | 65 | +7.7% |
| Total Current Assets | 1,047 | 998 | +4.9% |
| Non-Current Assets | |||
| Goodwill | 643 | — | — |
Show Business Segments breakouts |
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| Consumer · Operating Segments | 232 | — | — |
| Industrial · Operating Segments | 374 | — | — |
| Risk & Compliance Software · Operating Segments | 37 | — | — |
| Intangible Assets | 44 | 56 | -21.4% |
Show Finite Lived Intangible Assets By Major Class breakouts |
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| Customer Relationships | 39 | 48 | -18.8% |
| Intellectual property and patents | 1 | 4 | -75.0% |
| Trademarks | 4 | 4 | 0.0% |
| Operating Lease Right-of-Use Assets | 173 | 182 | -4.9% |
| Deferred Tax Assets | 92 | 108 | -14.8% |
| Other Non-Current Assets | 152 | 139 | +9.4% |
| Total Assets | 2,955 | 2,878 | +2.7% |
Show Consolidated Entities breakouts |
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| Variable Interest Entity Primary Beneficiary | 160 | 151 | +6.0% |
| Other Assets | |||
| Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization | 711 | 631 | +12.7% |
| Capitalized Computer Software Net | 93 | 123 | -24.4% |
| Current Liabilities | |||
| Accounts Payable | 168 | 143 | +17.5% |
| Employee Related Liabilities Current | 188 | 164 | +14.6% |
| Operating Lease Liability Current | 41 | 40 | +2.5% |
| Deferred Revenue (Current) | 410 | 400 | +2.5% |
| Other Liabilities Current | 92 | 57 | +61.4% |
| Total Current Liabilities | 899 | 804 | +11.8% |
| Non-Current Liabilities | |||
| Long-Term Debt | -357 | -653 | +45.3% |
| Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent | 125 | 195 | -35.9% |
| Operating Lease Liabilities | 141 | 150 | -6.0% |
| Other Non-Current Liabilities | 97 | 92 | +5.4% |
| Total Liabilities | 1,619 | 1,894 | -14.5% |
Show Consolidated Entities breakouts |
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| Variable Interest Entity Primary Beneficiary | 83 | 85 | -2.4% |
| Stockholders' Equity | |||
| Additional Paid-In Capital | 888 | 829 | +7.1% |
| Retained Earnings | 533 | 291 | +83.2% |
| Accumulated Other Comprehensive Income | -102 | -150 | +32.0% |
| Total Stockholders' Equity | 1,319 | 970 | +36.0% |
| Minority Interest | 17 | 14 | +21.4% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 1,336 | 984 | +35.8% |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment | -48 | -79 | +39.2% |
| Accumulated Other Comprehensive Income | -102 | -150 | +32.0% |
| Accumulated Translation Adjustment | -54 | -71 | +23.9% |
| Additional Paid In Capital | 888 | 829 | +7.1% |
| Noncontrolling Interest | 17 | 14 | +21.4% |
| Retained Earnings | 533 | 291 | +83.2% |
| Total Liabilities & Equity | 2,955 | 2,878 | +2.7% |
Cash Flow Statement
| Metric | YTD Q1 2026 | YTD Q1 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation & Amortization | 47 | 45 | +4.4% |
Show Business Segments breakouts |
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| Consumer · Operating Segments | 21 | 19 | +10.5% |
| Industrial · Operating Segments | 16 | 16 | 0.0% |
| Risk & Compliance Software · Operating Segments | 10 | 10 | 0.0% |
Show Consolidation Items breakouts |
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| Operating Segments | 47 | 45 | +4.4% |
| Stock-Based Compensation | 12 | 8 | +50.0% |
| Foreign Currency Transaction Gain Loss Before Tax | 1 | 3 | -66.7% |
| Other Non-Cash Items | 4 | 6 | -33.3% |
| Change in Accounts Receivable | -87 | -81 | -7.4% |
| Increase Decrease In Contract With Customer Asset And Other Assets | -16 | -25 | +36.0% |
| Change in Accounts Payable | -2 | -23 | +91.3% |
| Increase Decrease In Accrued Liabilities | -93 | -89 | -4.5% |
| Increase Decrease In Pension And Postretirement Obligations | -1 | -3 | +66.7% |
| Increase Decrease In Contract With Customer Liability And Other Liabilities | 257 | 241 | +6.6% |
| Net Cash from Operations | 219 | 154 | +42.2% |
| Investing Activities | |||
| Capital Expenditures | -69 | -51 | -35.3% |
| Proceeds From Sale Maturity And Collections Of Investments | 8 | — | — |
| Net Cash from Investing | -61 | -50 | -22.0% |
| Financing Activities | |||
| Proceeds From Issuance Of Long Term Debt | 187 | 62 | +201.6% |
| Repayments Of Long Term Debt | -321 | -152 | -111.2% |
| Payments Of Dividends Common Stock | -29 | -26 | -11.5% |
| Payments Of Dividends Minority Interest | -20 | -17 | -17.6% |
| Tax Withholding for Share Compensation | -9 | — | — |
| Proceeds From Payments For Other Financing Activities | -2 | -2 | 0.0% |
| Net Cash from Financing | -194 | -135 | -43.7% |
| Supplemental | |||
| Interest Paid | 3 | 7 | -57.1% |
| Income Taxes Paid | 19 | 16 | +18.8% |
| Unpaid Capital Expenditures | 41 | 26 | +57.7% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | -1 | — | — |
| Net Change in Cash | -37 | -31 | -19.4% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 258 | 267 | -3.4% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.