Churchill Downs reported $218M of remaining performance obligations at 30 Sep 2026, down 12% from a year earlier and up 11% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 1.03.
Net new backlog added in the latest quarter: $21.0M.
The company reports 0% of the backlog due within the first 3 months.
Customer prepayments (contract liabilities) cover 27.5% of the backlog.
Twelve-month book-to-bill: 0.99, i.e. 0.99 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -16 points — revenue is catching up with orders.
By backlog size it ranks 375th among US filers the cockpit tracks.
Churchill Downs 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
$218M
$3.00B
0.1 yrs
$60.0M
30 Jun 2026
$197M
$2.99B
0.1 yrs
$51.0M
31 Mar 2026
$270M
$2.95B
0.1 yrs
$185M
31 Dec 2025
$255M
$2.93B
0.1 yrs
$80.0M
30 Sep 2025
$247M
$2.88B
0.1 yrs
$55.7M
30 Jun 2025
$234M
$2.83B
0.1 yrs
$44.8M
31 Mar 2025
$290M
$2.79B
0.1 yrs
$174M
31 Dec 2024
$271M
$2.73B
0.1 yrs
$81.5M
30 Sep 2024
$262M
$2.67B
0.1 yrs
$54.9M
30 Jun 2024
$252M
$2.62B
0.1 yrs
$46.6M
31 Mar 2024
$158M
$2.49B
0.1 yrs
$172M
31 Dec 2023
$145M
$2.46B
0.1 yrs
$92.3M
Questions
What is Churchill Downs's backlog?
Churchill Downs reported $218M of remaining performance obligations at 30 Sep 2026, down 12% from a year earlier and up 11% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 1.03.
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.