Cerence reported $234M of remaining performance obligations at 30 Jun 2026, up 4% from a year earlier and down 1% from the previous quarter. That is 0.8 years of trailing revenue already under contract. Book-to-bill last quarter: 0.98.
Net new backlog added in the latest quarter: -$1.30M.
Over the last twelve months it turned about 136% of its opening backlog into revenue (12-month conversion).
37% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 84.6% of the backlog.
Twelve-month book-to-bill: 1.03, i.e. 1.03 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -22 points — revenue is catching up with orders.
By backlog size it ranks 370th among US filers the cockpit tracks.
Cerence 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 Jun 2026
$234M
$310M
0.8 yrs
$198M
31 Mar 2026
$236M
$302M
0.8 yrs
$199M
31 Dec 2025
$231M
$316M
0.7 yrs
$194M
30 Sep 2025
$224M
$252M
0.9 yrs
$192M
30 Jun 2025
$224M
$246M
0.9 yrs
$186M
31 Mar 2025
$204M
$254M
0.8 yrs
$170M
31 Dec 2024
$196M
$244M
0.8 yrs
$161M
30 Sep 2024
$206M
$332M
0.6 yrs
$167M
30 Jun 2024
$209M
$358M
0.6 yrs
$153M
31 Mar 2024
$213M
$349M
0.6 yrs
$149M
31 Dec 2023
$206M
$349M
0.6 yrs
$144M
30 Sep 2023
$284M
$294M
1.0 yrs
$223M
Questions
What is Cerence's backlog?
Cerence reported $234M of remaining performance obligations at 30 Jun 2026, up 4% from a year earlier and down 1% from the previous quarter. That is 0.8 years of trailing revenue already under contract. Book-to-bill last quarter: 0.98.
How fast does Cerence's backlog turn into revenue?
Over the last twelve months Cerence recognised revenue equal to about 136% 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.