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Array Digital Infrastructure (AD) backlog: remaining performance obligations

How much revenue Array Digital Infrastructure already has under contract, how fast it converts, and who it is with.

Data as of .

Array Digital Infrastructure backlog history

$0$2B$4BSep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Jun 2025Backlog (RPO)Trailing 12-month revenue
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter endBacklog (RPO)TTM revenueCoverageCustomer prepayments
30 Jun 2025$358M$3.59B0.1 yrs$320M
31 Mar 2025$367M$3.63B0.1 yrs$323M
31 Dec 2024$387M$3.67B0.1 yrs$334M
30 Sep 2024$371M$3.75B0.1 yrs$311M
30 Jun 2024$396M$3.81B0.1 yrs$329M
31 Mar 2024$381M$3.84B0.1 yrs$330M
31 Dec 2023$391M$3.81B0.1 yrs$331M
30 Sep 2023$392M$3.96B0.1 yrs$324M
30 Jun 2023$416M$4.08B0.1 yrs$341M
31 Mar 2023$426M$4.14B0.1 yrs$343M
31 Dec 2022$442M$4.17B0.1 yrs$349M
30 Sep 2022$412M$4.19B0.1 yrs$309M

Questions

What is Array Digital Infrastructure's backlog?
Array Digital Infrastructure reported $358M of remaining performance obligations at 30 Jun 2025, down 10% from a year earlier and down 2% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 0.99.

About these numbers

Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.