Grid Dynamics reported $600,000 of remaining performance obligations at 30 Sep 2025, down 91% from a year earlier and down 54% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 0.99.
Net new backlog added in the latest quarter: -$700,000.
The company reports 100% of the backlog due within the first 3 months.
Twelve-month book-to-bill: 0.98, i.e. 0.98 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -114 points — revenue is catching up with orders.
The latest filed figure is more than 200 days old.
Grid Dynamics 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 2025
$600,000
$406M
0.0 yrs
n/a
30 Jun 2025
$1.30M
$389M
0.0 yrs
n/a
31 Mar 2025
$2.20M
$371M
0.0 yrs
n/a
31 Dec 2024
$4.50M
$351M
0.0 yrs
n/a
30 Sep 2024
$6.50M
$328M
0.0 yrs
$400,000
30 Jun 2024
$8.30M
$318M
0.0 yrs
$600,000
31 Mar 2024
$4.70M
$313M
0.0 yrs
$600,000
31 Dec 2023
$5.30M
$313M
0.0 yrs
$600,000
Questions
What is Grid Dynamics's backlog?
Grid Dynamics reported $600,000 of remaining performance obligations at 30 Sep 2025, down 91% from a year earlier and down 54% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 0.99.
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.