UL Solutions Inc.

For the period ended Jun 30, 2025. Filed Aug 5, 2025.

About this filing

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, 2025 · Filed Aug 5, 2025

ULS$81.56+0.5%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Balance Sheets

(in millions, except share and per share data)	June 30, 2025	December 31, 2024
Assets
Current assets:
Cash and cash equivalents	$272	$298
Accounts receivable, net of allowance of $13 and $9	424	380
Contract assets, net of allowance of $2 and $1	224	182
Other current assets	89	61
Total current assets	1,009	921
Property, plant and equipment, net of accumulated depreciation of $849 and $772	649	631
Goodwill	656	633
Intangible assets, net of accumulated amortization of $250 and $239	55	58
Operating lease right-of-use assets	188	186
Deferred income taxes	110	108
Capitalized software, net of accumulated amortization of $463 and $427	119	127
Other assets	136	136
Total Assets	$2,922	$2,800
Liabilities and Stockholders’ Equity
Current liabilities:
Current portion of long-term debt	$—	$50
Accounts payable	139	182
Accrued compensation and benefits	208	254
Operating lease liabilities - current	42	38
Contract liabilities	328	162
Other current liabilities	48	54
Total current liabilities	765	740
Long-term debt	608	692
Pension and postretirement benefit plans	202	196
Operating lease liabilities	155	155
Other liabilities	79	86
Total Liabilities	1,809	1,869
Commitments and contingencies (Note 15)
Stockholders’ equity:
Class A common stock, $0.001 per share, 62,748,277 and 62,044,493 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively	—	—
Class B common stock, $0.001 per share, 138,130,000 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively	—	—
Additional paid-in capital	852	821
Retained earnings	356	250
Accumulated other comprehensive loss	(115)	(167)
Total stockholders’ equity before non-controlling interests	1,093	904
Non-controlling interests	20	27
Total Stockholders’ Equity	1,113	931
Total Liabilities and Stockholders’ Equity	$2,922	$2,800

UL Solutions Inc.

Condensed Consolidated Statements of Stockholders’ Equity

(Unaudited)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.