UL Solutions Inc.

For the period ended Dec 31, 2025. Filed Feb 19, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 19, 2026

ULS$81.19+3.2%Stored close · as of Nov 9, 2026

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

See the whole filing, with its images and exhibits

Contents

Consolidated Balance Sheets

UL Solutions Inc.

Consolidated Balance Sheets

	As of December 31,
(in millions, except per share data)	2025	2024
Assets
Current assets:
Cash and cash equivalents	$295	$298
Accounts receivable, net of allowance of $12 and $9	422	380
Contract assets, net of allowance of $2 and $1	204	182
Other current assets	79	61
Total current assets	1,000	921
Property, plant and equipment, net of accumulated depreciation of $879 and $772	699	631
Goodwill	656	633
Intangible assets, net of accumulated amortization of $256 and $239	48	58
Operating lease right-of-use assets	179	186
Deferred income taxes	94	108
Capitalized software, net of accumulated amortization of $475 and $427	105	127
Other assets	140	136
Total Assets	$2,921	$2,800
Liabilities and Stockholders’ Equity
Current liabilities:
Current portion of long-term debt	$—	$50
Accounts payable	183	182
Accrued compensation and benefits	282	254
Operating lease liabilities - current	43	38
Contract liabilities	173	162
Other current liabilities	79	54
Total current liabilities	760	740
Long-term debt	491	692
Pension and postretirement benefit plans	134	196
Operating lease liabilities	149	155
Other liabilities	93	86
Total Liabilities	1,627	1,869
Commitments and contingencies (Note 19)
Stockholders’ equity:
Class A common stock, $0.001 per share, 77,270,964 and 62,044,493 shares issued and outstanding at December 31, 2025 and 2024, respectively	—	—
Class B common stock, $0.001 per share, 123,755,000 and 138,130,000 shares issued and outstanding at December 31, 2025 and 2024, respectively	—	—
Additional paid-in capital	887	821
Retained earnings	470	250
Accumulated other comprehensive loss	(95)	(167)
Total stockholders’ equity before non-controlling interests	1,262	904
Non-controlling interests	32	27
Total Stockholders’ Equity	1,294	931
Total Liabilities and Stockholders’ Equity	$2,921	$2,800

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.