Bentley Systems reported $257M of remaining performance obligations at 30 Sep 2026, up 2% from a year earlier and down 8% from the previous quarter. That is 0.2 years of trailing revenue already under contract. Book-to-bill last quarter: 0.94.
Net new backlog added in the latest quarter: -$23.5M.
Over the last twelve months it turned about 593% of its opening backlog into revenue (12-month conversion).
93% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 92.5% of the backlog.
Twelve-month book-to-bill: 1.00, i.e. 1.00 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -11 points — revenue is catching up with orders.
By backlog size it ranks 362nd among US filers the cockpit tracks.
Bentley Systems 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
$257M
$1.65B
0.2 yrs
$238M
30 Jun 2026
$281M
$1.60B
0.2 yrs
$263M
31 Mar 2026
$284M
$1.56B
0.2 yrs
$266M
31 Dec 2025
$297M
$1.50B
0.2 yrs
$278M
30 Sep 2025
$253M
$1.46B
0.2 yrs
$235M
30 Jun 2025
$265M
$1.42B
0.2 yrs
$247M
31 Mar 2025
$261M
$1.39B
0.2 yrs
$244M
31 Dec 2024
$262M
$1.35B
0.2 yrs
$246M
30 Sep 2024
$241M
$1.31B
0.2 yrs
$241M
30 Jun 2024
$252M
$1.29B
0.2 yrs
$252M
31 Mar 2024
$257M
$1.25B
0.2 yrs
$257M
31 Dec 2023
$270M
$1.23B
0.2 yrs
$270M
Questions
What is Bentley Systems's backlog?
Bentley Systems reported $257M of remaining performance obligations at 30 Sep 2026, up 2% from a year earlier and down 8% from the previous quarter. That is 0.2 years of trailing revenue already under contract. Book-to-bill last quarter: 0.94.
How fast does Bentley Systems's backlog turn into revenue?
Over the last twelve months Bentley Systems recognised revenue equal to about 593% 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.