Annual report [Section 13 and 15(d), not S-K Item 405]

Revenue Recognition

v3.25.4
Revenue Recognition
12 Months Ended
Jan. 03, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Recognition
14. Revenue Recognition
Contract balances as of January 3, 2026 and December 28, 2024 were as follows:

(dollar amounts in millions)
Revenues in excess of billings at January 3, 2026
$ 20.8 
Unbilled receivables at January 3, 2026
6.8 
Contract assets at January 3, 2026
$ 27.6 
Revenues in excess of billings at December 28, 2024
$ 16.2 
Unbilled receivables at December 28, 2024
7.0 
Contract assets at December 28, 2024
$ 23.2 
Contract liabilities at January 3, 2026
$ 16.7 
Contract liabilities at December 28, 2024
$ 17.9 
During the year ended December 30, 2023, the Company recognized revenue of approximately $18.9 related to contract liabilities at December 31, 2022. During the year ended December 28, 2024, the Company recognized revenue of approximately $24.5 related to contract liabilities at December 30, 2023. During the year ended January 3, 2026, the Company recognized revenue of approximately $15.6 related to contract liabilities at December 28, 2024. All remaining performance obligations are expected to be satisfied within one year.
Disaggregation of Revenue

We disaggregate revenue by reportable segment and by sales channel of revenue recognition. The following disaggregation of revenue depicts our reportable segment revenues by sales channel of revenue recognition for the periods presented:

Revenue by Sales Channel

(dollar amounts in millions)
Year Ended
Reportable Segments by Sales Channel Revenue Recognition
January 3, 2026 December 28, 2024 December 30, 2023
Janus North America
Self storage - new construction $ 271.4  $ 354.0  $ 321.7 
Self storage - R3 222.4  234.3  325.8 
Commercial and Others 289.8  304.3  338.2 

$ 783.6  $ 892.6  $ 985.7 
Janus International
Self storage - new construction $ 92.6  $ 62.2  $ 73.2 
Self storage - R3 11.3  11.4  9.1 
$ 103.9  $ 73.6  $ 82.3 
Eliminations (3.3) (2.4) (1.6)
Total revenue
$ 884.2  $ 963.8  $ 1,066.4