Booz Allen Hamilton Holding Corp
For the period ended Jun 30, 2026. Filed Jul 24, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Jul 24, 2026
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3. Revenue
- Revenue
We disaggregate our revenue from contracts with customers by contract type and by customer type, as well as by whether the Company acts as prime contractor or subcontractor, as we believe these categories best depict how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors. The following series of tables presents our revenue disaggregated by these categories.
| Revenue by Contract Type: · Three Months EndedJune 30, | ||||
|---|---|---|---|---|
| 2026 · 2025 | ||||
| Cost-reimbursable | $1,607 | 57% | $1,758 | 60% |
| Time-and-materials | 616 | 22% | 638 | 22% |
| Fixed-price | 577 | 21% | 528 | 18% |
| Total Revenue | $2,800 | 100% | $2,924 | 100% |
| Revenue by Customer Type: · Three Months EndedJune 30, | ||||
|---|---|---|---|---|
| 2026 · 2025 | ||||
| National Security | 2,028 | 72% | 2,001 | 68% |
| Civil and Commercial | 772 | 28% | 923 | 32% |
| Total Revenue | $2,800 | 100% | $2,924 | 100% |
| Revenue by Whether the Company Acts as a Prime Contractor or a Subcontractor: · Three Months EndedJune 30, | ||||
|---|---|---|---|---|
| 2026 · 2025 | ||||
| Prime Contractor | $2,651 | 95% | $2,741 | 94% |
| Subcontractor | 149 | 5% | 183 | 6% |
| Total Revenue | $2,800 | 100% | $2,924 | 100% |
Performance Obligations
Remaining performance obligations represent the transaction price of exercised contracts for which work has not yet been performed, irrespective of whether funding has or has not been authorized and appropriated as of the date of exercise. Remaining performance obligations exclude negotiated but unexercised options, the unfunded value of expired contracts, and certain variable consideration that was determined to be constrained. As of June 30, 2026 and March 31, 2026, the Company had$11.1 billion and $10.7 billion of remaining performance obligations, respectively. We expect to recognize approximately 65% of the remaining performance obligations at June 30, 2026 as revenue over the next 12 months, and approximately 75% over the next 24 months. The remainder is expected to be recognized thereafter.
Contract Related Balances
Changes in contract assets and contract liabilities are primarily due to the timing difference between the Company’s performance of services and payments from customers; contract assets consist mainly of unbilled receivables (the amount of revenue recognized that exceeds the amount billed to the customer), and contract liabilities consist mainly of deferred revenue (cash received prior to performance for programs and billings in excess of costs incurred). The following table summarizes the contract related balances recognized on the Company’s condensed consolidated balance sheets:
| Description of Contract Related Balance | Balance Sheet Line Item | June 30,2026 | March 31,2026 |
|---|---|---|---|
| Accounts receivable, net | Accounts receivable, net | $2,320 | $2,063 |
| Accounts receivable–billed | Accounts receivable, net | 619 | 555 |
| Allowance for credit losses | Accounts receivable, net | (1) | (1) |
| Current contract assets - unbilled receivables | Accounts receivable, net | 1,702 | 1,509 |
| Non-current contract assets - unbilled receivables | Other long-term assets | $149 | $58 |
| Current contract liabilities - deferred revenue | Other current liabilities | $27 | $28 |
The majority of the increase in contract assets relates to the acquisition of Defy Security in the first quarter of fiscal 2027. See Note 5, “Acquisitions, Goodwill, and Intangible Assets,” to the condensed consolidated financial statements for further details on the acquisition.
For thethree months ended June 30, 2026 and 2025, we recognized revenue of $16 million and $11 million, respectively, related to our contract liabilities on April 1, 2026 and 2025, respectively.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.