Aeva Technologies reported $26.1M of remaining performance obligations at 30 Sep 2026, down 38% from a year earlier and down 9% from the previous quarter. That is 1.1 years of trailing revenue already under contract. Book-to-bill last quarter: 0.61.
Net new backlog added in the latest quarter: -$2.60M.
Over the last twelve months it turned about 74% of its opening backlog into revenue (12-month conversion).
Customer prepayments (contract liabilities) cover 4.6% of the backlog.
Twelve-month book-to-bill: 0.34, i.e. 0.34 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -101 points — revenue is catching up with orders.
By backlog size it ranks 496th among US filers the cockpit tracks.
Aeva Technologies backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
30 Sep 2026
$26.1M
$24.7M
1.1 yrs
$1.20M
30 Jun 2026
$28.7M
$21.6M
1.3 yrs
$1.80M
31 Mar 2026
$31.4M
$21.0M
1.5 yrs
$2.60M
31 Dec 2025
$34.8M
$18.1M
1.9 yrs
$2.90M
30 Sep 2025
$42.4M
$15.2M
2.8 yrs
$3.30M
30 Jun 2025
$44.7M
$13.8M
3.2 yrs
n/a
31 Mar 2025
$47.3M
$10.3M
4.6 yrs
n/a
31 Dec 2024
$47.0M
$9.10M
5.2 yrs
$0
31 Dec 2023
$25.0M
$4.30M
5.8 yrs
n/a
Questions
What is Aeva Technologies's backlog?
Aeva Technologies reported $26.1M of remaining performance obligations at 30 Sep 2026, down 38% from a year earlier and down 9% from the previous quarter. That is 1.1 years of trailing revenue already under contract. Book-to-bill last quarter: 0.61.
How fast does Aeva Technologies's backlog turn into revenue?
Over the last twelve months Aeva Technologies recognised revenue equal to about 74% of the backlog it started each quarter with.
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.