Centrus Energy reported $800M of remaining performance obligations at 30 Sep 2026, up 14% from a year earlier and flat from the previous quarter. That is 1.8 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.
Net new backlog added in the latest quarter: $0.
Over the last twelve months it turned about 63% of its opening backlog into revenue (12-month conversion).
Customer prepayments (contract liabilities) cover 10.7% of the backlog.
Twelve-month book-to-bill: 1.22, i.e. 1.22 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: +14 points — orders are running ahead of revenue.
By backlog size it ranks 259th among US filers the cockpit tracks.
Centrus Energy 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
$800M
$454M
1.8 yrs
$85.3M
30 Jun 2026
$800M
$474M
1.7 yrs
$85.0M
31 Mar 2026
$800M
$452M
1.8 yrs
$113M
31 Dec 2025
$600M
$449M
1.3 yrs
$131M
30 Sep 2025
$700M
$454M
1.5 yrs
$155M
30 Jun 2025
$700M
$437M
1.6 yrs
$155M
31 Mar 2025
$700M
n/a
n/a
$216M
31 Dec 2024
$800M
$442M
1.8 yrs
$216M
30 Sep 2024
$800M
n/a
n/a
$223M
30 Jun 2024
$900M
n/a
n/a
$257M
31 Mar 2024
$1.00B
$297M
3.4 yrs
$283M
31 Dec 2023
$1.00B
$320M
3.1 yrs
$283M
Questions
What is Centrus Energy's backlog?
Centrus Energy reported $800M of remaining performance obligations at 30 Sep 2026, up 14% from a year earlier and flat from the previous quarter. That is 1.8 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.
How fast does Centrus Energy's backlog turn into revenue?
Over the last twelve months Centrus Energy recognised revenue equal to about 63% 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.