Medpace reported $3.80B of remaining performance obligations at 30 Sep 2026, up 9% from a year earlier and up 9% from the previous quarter. That is 1.3 years of trailing revenue already under contract. Book-to-bill last quarter: 1.42.
Net new backlog added in the latest quarter: $300M.
Over the last twelve months it turned about 81% of its opening backlog into revenue (12-month conversion).
Customer prepayments (contract liabilities) cover 25.3% of the backlog.
Twelve-month book-to-bill: 1.11, i.e. 1.11 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -12 points — revenue is catching up with orders.
By backlog size it ranks 137th among US filers the cockpit tracks.
Medpace 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
$3.80B
$2.84B
1.3 yrs
$962M
30 Jun 2026
$3.50B
$2.78B
1.3 yrs
$905M
31 Mar 2026
$3.50B
$2.68B
1.3 yrs
$856M
31 Dec 2025
$3.60B
$2.53B
1.4 yrs
$854M
30 Sep 2025
$3.50B
$2.36B
1.5 yrs
$834M
30 Jun 2025
$3.50B
$2.23B
1.6 yrs
$809M
31 Mar 2025
$3.40B
$2.16B
1.6 yrs
$719M
31 Dec 2024
$3.50B
$2.11B
1.7 yrs
$711M
30 Sep 2024
$3.50B
$2.07B
1.7 yrs
$671M
30 Jun 2024
$3.20B
$2.03B
1.6 yrs
$638M
31 Mar 2024
$3.20B
$1.96B
1.6 yrs
$617M
31 Dec 2023
$2.90B
$1.89B
1.5 yrs
$560M
Questions
What is Medpace's backlog?
Medpace reported $3.80B of remaining performance obligations at 30 Sep 2026, up 9% from a year earlier and up 9% from the previous quarter. That is 1.3 years of trailing revenue already under contract. Book-to-bill last quarter: 1.42.
How fast does Medpace's backlog turn into revenue?
Over the last twelve months Medpace recognised revenue equal to about 81% 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.