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CRNC Current Contract Liabilities

Current Contract Liabilities

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As of the latest data point for Q1'26 (2025-12-31), CRNC's current contract liabilities stand at USD 52.4M, marking a significant decrease from the previous quarter's USD 191.9M. This sharp drop represents the lowest level observed in the reported period. Analyzing the overall trend from Q2'23 to Q1'26, current contract liabilities initially declined from USD 236.2M to a low of USD 144.3M by Q1'24, followed by a moderate recovery and stabilization between USD 148.9M and USD 191.9M through Q4'25. The abrupt decline in Q1'26 interrupts this recovery, indicating a notable shift in the company's contract liability position at the end of the period.