Dynatrace reported $3.49B of remaining performance obligations at 30 Sep 2026, up 15% from a year earlier and up 1% from the previous quarter. That is 1.6 years of trailing revenue already under contract. Book-to-bill last quarter: 1.08.
Net new backlog added in the latest quarter: $48.4M.
Over the last twelve months it turned about 66% of its opening backlog into revenue (12-month conversion).
52% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 29.7% of the backlog.
Twelve-month book-to-bill: 1.21, i.e. 1.21 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -3 points — revenue is catching up with orders.
By backlog size it ranks 144th among US filers the cockpit tracks.
Dynatrace 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
$3.49B
$2.18B
1.6 yrs
$1.04B
30 Jun 2026
$3.44B
$2.10B
1.6 yrs
$1.11B
31 Mar 2026
$3.49B
$2.02B
1.7 yrs
$1.24B
31 Dec 2025
$3.20B
$1.93B
1.7 yrs
$925M
30 Sep 2025
$3.04B
$1.85B
1.6 yrs
$890M
30 Jun 2025
$2.92B
$1.78B
1.6 yrs
$1.00B
31 Mar 2025
$2.89B
$1.70B
1.7 yrs
$1.09B
31 Dec 2024
$2.50B
$1.63B
1.5 yrs
$813M
30 Sep 2024
$2.40B
$1.56B
1.5 yrs
$806M
30 Jun 2024
$2.32B
$1.50B
1.6 yrs
$862M
31 Mar 2024
$2.42B
$1.43B
1.7 yrs
$988M
31 Dec 2023
$1.96B
$1.36B
1.4 yrs
$757M
Questions
What is Dynatrace's backlog?
Dynatrace reported $3.49B of remaining performance obligations at 30 Sep 2026, up 15% from a year earlier and up 1% from the previous quarter. That is 1.6 years of trailing revenue already under contract. Book-to-bill last quarter: 1.08.
How fast does Dynatrace's backlog turn into revenue?
Over the last twelve months Dynatrace 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.