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Stride (LRN) backlog: remaining performance obligations

How much revenue Stride already has under contract, how fast it converts, and who it is with.

Data as of .

Stride backlog history

$0$1B$2BSep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026Jun 2026Backlog (RPO)Trailing 12-month revenue
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter endBacklog (RPO)TTM revenueCoverageCustomer prepayments
30 Jun 2026$100,000$2.52B0.0 yrs$20.6M
31 Mar 2026$400,000$2.54B0.0 yrs$19.1M
31 Dec 2025$200,000$2.52B0.0 yrs$5.10M
30 Sep 2025$200,000$2.48B0.0 yrs$18.8M
30 Jun 2025$300,000$2.41B0.0 yrs$27.0M
31 Mar 2025$600,000$2.29B0.0 yrs$32.9M
31 Dec 2024$700,000$2.19B0.0 yrs$16.8M
30 Sep 2024$900,000$2.11B0.0 yrs$32.3M
30 Jun 2024$1.10M$2.04B0.0 yrs$35.7M
31 Mar 2024$1.70M$1.99B0.0 yrs$70.9M
31 Dec 2023$1.50M$1.94B0.0 yrs$64.2M
30 Sep 2023$1.80M$1.89B0.0 yrs$83.9M

Questions

What is Stride's backlog?
Stride reported $100,000 of remaining performance obligations at 30 Jun 2026, down 67% from a year earlier and down 75% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.

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.