Vishay Precision Group, Inc. Revenue Disclosure

Note 2 – Revenues

 

The following table disaggregates net revenue by geographic region from contracts with customers based on net revenues generated by subsidiaries within that geographic location (in thousands):

 

		Year to date December 31, 2025
		Sensors				Weighing Solutions				Measurement Systems				Total
United States		$	49,030			$	46,628			$	48,617			$	144,275
Europe			30,732				51,560				6,890				89,182
Israel			14,537				191				—				14,728
Asia			21,347				12,735				9,368				43,450
Canada			—				28				15,539				15,567
		$	115,646			$	111,142			$	80,414			$	307,202

 

		Year to date December 31, 2024
		Sensors				Weighing Solutions				Measurement Systems				Total
United States		$	38,500			$	44,599			$	50,758			$	133,857
Europe			31,827				49,900				5,676				87,403
Israel			19,156				376				—				19,532
Asia			22,755				12,207				9,283				44,245
Canada			—				123				21,362				21,485
		$	112,238			$	107,205			$	87,079			$	306,522

 

Note 2 – Revenues (continued)

 

		Year to date December 31, 2023
		Sensors				Weighing Solutions				Measurement Systems				Total
United States		$	49,998			$	55,421			$	55,703			$	161,123
Europe			36,095				53,629				5,790				95,513
Israel			17,772				292				—				18,064
Asia			35,918				13,156				8,861				57,935
Canada			—				30				22,383				22,413
		$	139,783			$	122,528			$	92,737			$	355,048

 

The following table disaggregates net revenue by market sector (in thousands):

 

		Years Ended December 31,
		2025				2024				2023
Test & Measurement		$	63,383			$	57,314			$	73,986
Avionics, Military & Space			27,267				28,066				38,270
Transportation			59,730				52,329				55,060
Other Markets			56,478				62,776				72,372
Industrial Weighing			36,071				37,591				43,898
General Industrial			20,385				19,341				19,917
Steel			43,888				49,105				51,545
		$	307,202			$	306,522			$	355,048

 

Contract Assets & Liabilities

 

Contract assets are established when revenues are recognized prior to a contractual payment due from the customer. When a payment becomes due based on the contract terms, the Company will reduce the contract asset and record a receivable. Contract liabilities are deferred revenues that are recorded when cash payments are received or due in advance of our performance obligations. Our payment terms vary by the type and location of the products offered. The term between invoicing and when payment is due is not significant.

 

The outstanding contract assets and liability accounts were as follows (in thousands):

 

		Contract Asset				Contract Liability
		Unbilled Revenue				Accrued Customer Advances
December 31, 2024		$	3,330			$	8,272
December 31, 2025		$	3,593			$	7,059
Increase (Decrease)		$	263			$	(1,213	)

 

The amount of revenue recognized during the year ended December 31, 2025 that was included in the contract liability balance at  December 31, 2024 was $6.0 million.