UFP TECHNOLOGIES INC Revenue Disclosure
| Years Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Net sales of: | |||||||||||||||||
| Products | $ | 591,355 | $ | 491,382 | $ | 391,460 | |||||||||||
| Tooling and Machinery | 4,501 | 8,320 | 3,468 | ||||||||||||||
| Engineering services | 6,941 | 4,719 | 5,144 | ||||||||||||||
| Total net sales | $ | 602,797 | $ | 504,421 | $ | 400,072 | |||||||||||
| Contract Liabilities | |||||||||||
| Years Ended December 31, | |||||||||||
| 2025 | 2024 | ||||||||||
| Deferred revenue - beginning of period | $ | 4,667 | $ | 6,616 | |||||||
| Acquired in business combinations | 661 | 8 | |||||||||
| Increases due to consideration received from customers | 6,796 | 4,439 | |||||||||
| Revenue recognized | (7,884) | (6,396) | |||||||||
| Deferred revenue - end of period | $ | 4,240 | $ | 4,667 | |||||||
| Contract Assets | |||||||||||
| Years Ended December 31, | |||||||||||
| 2025 | 2024 | ||||||||||
| Unbilled Receivables - beginning of period | $ | 192 | $ | 114 | |||||||
| Increases due to revenue recognized, not invoiced to customers | 4,149 | 2,135 | |||||||||
| Decreases due to customer invoicing | (3,950) | (2,057) | |||||||||
| Unbilled Receivables - end of period | $ | 391 | $ | 192 | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Mar 3, 2025 | |
| 2023 | Feb 29, 2024 | |
| 2022 | Mar 16, 2023 | |
| 2021 | Mar 14, 2022 | |
| 2020 | Mar 12, 2021 | |
| 2019 | Mar 13, 2020 | |
| 2018 | Mar 15, 2019 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.