Cloudflare reported $2.88B of remaining performance obligations at 30 Sep 2026, up 34% from a year earlier and up 5% from the previous quarter. That is 1.1 years of trailing revenue already under contract. Book-to-bill last quarter: 1.19.
Net new backlog added in the latest quarter: $145M.
Over the last twelve months it turned about 110% of its opening backlog into revenue (12-month conversion).
65% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 30.5% of the backlog.
Twelve-month book-to-bill: 1.27, i.e. 1.27 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -2 points — revenue is catching up with orders.
By backlog size it ranks 153rd among US filers the cockpit tracks.
Cloudflare 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
$2.88B
$2.73B
1.1 yrs
$877M
30 Jun 2026
$2.73B
$2.51B
1.1 yrs
$812M
31 Mar 2026
$2.54B
$2.33B
1.1 yrs
$755M
31 Dec 2025
$2.50B
$2.17B
1.2 yrs
$684M
30 Sep 2025
$2.14B
$2.01B
1.1 yrs
$599M
30 Jun 2025
$1.98B
$1.88B
1.1 yrs
$547M
31 Mar 2025
$1.86B
$1.77B
1.1 yrs
$508M
31 Dec 2024
$1.69B
$1.67B
1.0 yrs
$478M
30 Sep 2024
$1.50B
$1.57B
1.0 yrs
$390M
30 Jun 2024
$1.42B
$1.48B
1.0 yrs
$371M
31 Mar 2024
$1.34B
$1.39B
1.0 yrs
$356M
31 Dec 2023
$1.24B
$1.30B
1.0 yrs
$348M
Questions
What is Cloudflare's backlog?
Cloudflare reported $2.88B of remaining performance obligations at 30 Sep 2026, up 34% from a year earlier and up 5% from the previous quarter. That is 1.1 years of trailing revenue already under contract. Book-to-bill last quarter: 1.19.
How fast does Cloudflare's backlog turn into revenue?
Over the last twelve months Cloudflare recognised revenue equal to about 110% 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.