Asana reported $522M of remaining performance obligations at 31 Jul 2026, up 3% from a year earlier and up 1% from the previous quarter. That is 0.6 years of trailing revenue already under contract. Book-to-bill last quarter: 1.02.
Net new backlog added in the latest quarter: $3.90M.
Over the last twelve months it turned about 162% of its opening backlog into revenue (12-month conversion).
81% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 67.1% of the backlog.
Twelve-month book-to-bill: 1.02, i.e. 1.02 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -7 points — revenue is catching up with orders.
By backlog size it ranks 304th among US filers the cockpit tracks.
Asana 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 Jul 2026
$522M
$828M
0.6 yrs
$350M
30 Apr 2026
$518M
$809M
0.6 yrs
$323M
31 Jan 2026
$525M
$791M
0.7 yrs
$334M
31 Oct 2025
$501M
$774M
0.6 yrs
$305M
31 Jul 2025
$507M
$756M
0.7 yrs
$312M
30 Apr 2025
$421M
$739M
0.6 yrs
$289M
31 Jan 2025
$431M
$724M
0.6 yrs
$301M
31 Oct 2024
$406M
$707M
0.6 yrs
$280M
31 Jul 2024
$394M
$689M
0.6 yrs
$286M
30 Apr 2024
$380M
$672M
0.6 yrs
$292M
31 Jan 2024
$349M
$652M
0.5 yrs
$265M
31 Oct 2023
$335M
$632M
0.5 yrs
$250M
Questions
What is Asana's backlog?
Asana reported $522M of remaining performance obligations at 31 Jul 2026, up 3% from a year earlier and up 1% from the previous quarter. That is 0.6 years of trailing revenue already under contract. Book-to-bill last quarter: 1.02.
How fast does Asana's backlog turn into revenue?
Over the last twelve months Asana recognised revenue equal to about 162% 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.