Revenue and Contract Balances (Tables)

6 Months Ended

Mar. 30, 2025

The following tables present our revenue disaggregated by client sector and contract type (in thousands):


	Three Months Ended				Six Months Ended
	March 30, 2025		March 31, 2024		March 30, 2025		March 31, 2024

Client Sector:
U.S. federal government (1)	$	413,422	$	407,002	$	915,270	$	789,078
U.S. state and local government	207,438		147,551		410,425		298,476
U.S. commercial	211,085		201,407		444,676		423,837
International (2)	490,168		495,656		972,303		968,492
Total	$	1,322,113	$	1,251,616	$	2,742,674	$	2,479,883

Contract Type:
Fixed-price	$	524,950	$	459,022	$	1,044,772	$	930,464
Time-and-materials	605,258		591,844		1,204,206		1,141,495
Cost-plus	191,905		200,750		493,696		407,924
Total	$	1,322,113	$	1,251,616	$	2,742,674	$	2,479,883

(1) Includes revenue generated under U.S. federal government contracts performed outside the United States.

(2) Includes revenue generated from non-U.S. clients, primarily in Australia, Canada, and the United Kingdom

Net contract assets/liabilities consisted of the following (in thousands):


	As of
	March 30, 2025		September 29, 2024

Contract assets (1)	$	134,106	$	129,678
Contract liabilities - current	(373,591)		(351,738)
Contract liabilities - non-current (2)	(7,772)		—
Net contract liabilities	$	(247,257)	$	(222,060)

(1) Includes $9.5 million and $7.9 million of contract retentions at March 30, 2025 and September 29, 2024, respectively.

(2) Reported under "Other non-current liabilities" on our consolidated balance sheet as of March 30, 2025.

Net accounts receivable consisted of the following (in thousands):


	As of
	March 30, 2025		September 29, 2024

Billed	$	874,780	$	707,406
Unbilled	355,725		348,907
Total accounts receivable	1,230,505		1,056,313
Allowance for doubtful accounts	(7,291)		(4,852)
Total accounts receivable, net	$	1,223,214	$	1,051,461

We expect to satisfy our RUPO at March 30, 2025 over the following periods (in thousands):