Arvinas reported $190M of remaining performance obligations at 31 Mar 2026, down 27% from a year earlier and down 8% from the previous quarter. That is 2.1 years of trailing revenue already under contract. Book-to-bill last quarter: 0.00.
Net new backlog added in the latest quarter: -$15.6M.
Over the last twelve months it turned about 38% of its opening backlog into revenue (12-month conversion).
The company reports 25% of the backlog due within the first 9 months.
Customer prepayments (contract liabilities) cover 100.0% of the backlog.
Twelve-month book-to-bill: 0.22, i.e. 0.22 of new orders for every 1 of revenue recognised.
The latest filed figure is more than 200 days old.
Arvinas 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
31 Mar 2026
$190M
$89.4M
2.1 yrs
$190M
31 Dec 2025
$206M
$263M
0.8 yrs
$206M
30 Sep 2025
$215M
n/a
n/a
$215M
30 Jun 2025
$237M
n/a
n/a
$237M
31 Mar 2025
$259M
n/a
n/a
$259M
31 Dec 2024
$448M
$263M
1.7 yrs
$448M
30 Sep 2024
$504M
n/a
n/a
$504M
30 Jun 2024
$599M
n/a
n/a
$599M
31 Mar 2024
$524M
n/a
n/a
$524M
31 Dec 2023
$549M
$78.5M
7.0 yrs
$549M
30 Sep 2023
$506M
$160M
3.2 yrs
$506M
30 Jun 2023
$541M
$158M
3.4 yrs
$541M
Questions
What is Arvinas's backlog?
Arvinas reported $190M of remaining performance obligations at 31 Mar 2026, down 27% from a year earlier and down 8% from the previous quarter. That is 2.1 years of trailing revenue already under contract. Book-to-bill last quarter: 0.00.
How fast does Arvinas's backlog turn into revenue?
Over the last twelve months Arvinas recognised revenue equal to about 38% 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.