CrowdStrike reported $10.7B of remaining performance obligations at 31 Jul 2026, up 49% from a year earlier and up 22% from the previous quarter. That is 2.0 years of trailing revenue already under contract. Book-to-bill last quarter: 2.29.
Net new backlog added in the latest quarter: $1.90B.
Over the last twelve months it turned about 66% of its opening backlog into revenue (12-month conversion).
46% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 45.2% of the backlog.
Twelve-month book-to-bill: 1.65, i.e. 1.65 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: +24 points — orders are running ahead of revenue.
By backlog size it ranks 72nd among US filers the cockpit tracks.
CrowdStrike 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
$10.7B
$5.40B
2.0 yrs
$4.84B
30 Apr 2026
$8.80B
$5.09B
1.7 yrs
$4.72B
31 Jan 2026
$9.00B
$4.81B
1.9 yrs
$4.75B
31 Oct 2025
$7.90B
$4.57B
1.7 yrs
$4.06B
31 Jul 2025
$7.20B
$4.34B
1.7 yrs
$3.83B
30 Apr 2025
$6.80B
$4.14B
1.6 yrs
$3.77B
31 Jan 2025
$6.50B
$3.95B
1.6 yrs
$3.73B
31 Oct 2024
$5.40B
$3.74B
1.4 yrs
$3.20B
31 Jul 2024
$4.90B
$3.52B
1.4 yrs
$3.09B
30 Apr 2024
$4.70B
$3.28B
1.4 yrs
$3.07B
31 Jan 2024
$4.60B
$3.06B
1.5 yrs
$3.05B
31 Oct 2023
$3.70B
$2.85B
1.3 yrs
$2.54B
Questions
What is CrowdStrike's backlog?
CrowdStrike reported $10.7B of remaining performance obligations at 31 Jul 2026, up 49% from a year earlier and up 22% from the previous quarter. That is 2.0 years of trailing revenue already under contract. Book-to-bill last quarter: 2.29.
How fast does CrowdStrike's backlog turn into revenue?
Over the last twelve months CrowdStrike recognised revenue equal to about 66% 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.