nCino reported $1.40B of remaining performance obligations at 31 Jul 2026, up 17% from a year earlier and up 8% from the previous quarter. That is 2.2 years of trailing revenue already under contract. Book-to-bill last quarter: 1.62.
Net new backlog added in the latest quarter: $100M.
Over the last twelve months it turned about 50% of its opening backlog into revenue (12-month conversion).
The company reports 65% of the backlog due within the first 24 months.
Customer prepayments (contract liabilities) cover 15.6% of the backlog.
Twelve-month book-to-bill: 1.32, i.e. 1.32 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: +8 points — orders are running ahead of revenue.
By backlog size it ranks 211th among US filers the cockpit tracks.
nCino 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
31 Jul 2026
$1.40B
$622M
2.3 yrs
$219M
30 Apr 2026
$1.30B
$610M
2.1 yrs
$225M
31 Jan 2026
$1.30B
$595M
2.2 yrs
$211M
31 Oct 2025
$1.20B
$586M
2.0 yrs
$152M
31 Jul 2025
$1.20B
$573M
2.1 yrs
$195M
30 Apr 2025
$1.20B
$557M
2.2 yrs
$204M
31 Jan 2025
$1.20B
$541M
2.2 yrs
$191M
31 Oct 2024
$1.10B
$523M
2.1 yrs
$132M
31 Jul 2024
$1.04B
$506M
2.1 yrs
$172M
30 Apr 2024
$1.07B
$491M
2.2 yrs
$180M
31 Jan 2024
$1.00B
$476M
2.1 yrs
$171M
31 Oct 2023
$917M
$462M
2.0 yrs
$130M
Questions
What is nCino's backlog?
nCino reported $1.40B of remaining performance obligations at 31 Jul 2026, up 17% from a year earlier and up 8% from the previous quarter. That is 2.2 years of trailing revenue already under contract. Book-to-bill last quarter: 1.62.
How fast does nCino's backlog turn into revenue?
Over the last twelve months nCino recognised revenue equal to about 50% 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.