N-able reported $267M of remaining performance obligations at 30 Sep 2026, up 10% from a year earlier and down 4% from the previous quarter. That is 0.5 years of trailing revenue already under contract. Book-to-bill last quarter: 0.91.
Net new backlog added in the latest quarter: -$12.6M.
Over the last twelve months it turned about 215% of its opening backlog into revenue (12-month conversion).
The company reports 75% of the backlog due within the first 3 months.
Customer prepayments (contract liabilities) cover 7.8% of the backlog.
Twelve-month book-to-bill: 1.04, i.e. 1.04 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: +1 points — orders are running ahead of revenue.
By backlog size it ranks 359th among US filers the cockpit tracks.
N-able 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
$267M
$537M
0.5 yrs
$20.9M
30 Jun 2026
$280M
$531M
0.5 yrs
$21.8M
31 Mar 2026
$240M
$523M
0.5 yrs
$22.0M
31 Dec 2025
$240M
$509M
0.5 yrs
$29.0M
30 Sep 2025
$244M
$496M
0.5 yrs
$21.4M
30 Jun 2025
$245M
$482M
0.5 yrs
$23.3M
31 Mar 2025
$202M
$470M
0.4 yrs
$26.4M
31 Dec 2024
$198M
$466M
0.4 yrs
$27.3M
30 Sep 2024
$193M
$458M
0.4 yrs
$11.2M
30 Jun 2024
$178M
$448M
0.4 yrs
$10.7M
31 Mar 2024
$85.5M
$436M
0.2 yrs
$13.1M
31 Dec 2023
$21.1M
$422M
0.0 yrs
$12.8M
Questions
What is N-able's backlog?
N-able reported $267M of remaining performance obligations at 30 Sep 2026, up 10% from a year earlier and down 4% from the previous quarter. That is 0.5 years of trailing revenue already under contract. Book-to-bill last quarter: 0.91.
How fast does N-able's backlog turn into revenue?
Over the last twelve months N-able recognised revenue equal to about 215% 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.