What is MP Materials's backlog?

MP Materials reported $180M of remaining performance obligations at 30 Sep 2026. That is 0.4 years of trailing revenue already under contract.

MP Materials (MP) backlog: remaining performance obligations

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

Data as of 7 Nov 2026.

Open the interactive Backlog view MP Materials competitor analysis

MP Materials reported $180M of remaining performance obligations at 30 Sep 2026. That is 0.4 years of trailing revenue already under contract.
Customer prepayments (contract liabilities) cover 67.1% of the backlog.
By backlog size it ranks 391st among US filers the cockpit tracks.

MP Materials 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	$180M	$400M	0.4 yrs	$120M

Questions

What is MP Materials's backlog?: MP Materials reported $180M of remaining performance obligations at 30 Sep 2026. That is 0.4 years of trailing revenue already under contract.

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.