What is NXT's backlog?

NXT reported $515M of remaining performance obligations at 2 Oct 2026, up 9% from a year earlier and up 19% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 1.07.

NXT (NXT) backlog: remaining performance obligations

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

Data as of 7 Nov 2026.

Open the interactive Backlog view NXT competitor analysis

NXT reported $515M of remaining performance obligations at 2 Oct 2026, up 9% from a year earlier and up 19% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 1.07.
Net new backlog added in the latest quarter: $81.8M.
80% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 80.4% of the backlog.
Twelve-month book-to-bill: 1.01, i.e. 1.01 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -4 points — revenue is catching up with orders.
By backlog size it ranks 305th among US filers the cockpit tracks.

NXT 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
2 Oct 2026	$515M	$3.83B	0.1 yrs	$414M
3 Jul 2026	$433M	$3.63B	0.1 yrs	$320M
31 Mar 2026	$410M	$3.56B	0.1 yrs	$308M
31 Dec 2025	$420M	$3.60B	0.1 yrs	$322M
26 Sep 2025	$471M	$3.37B	0.1 yrs	$372M
27 Jun 2025	$363M	$3.10B	0.1 yrs	$262M
31 Mar 2025	$344M	$2.96B	0.1 yrs	$247M
31 Dec 2024	$392M	$2.77B	0.1 yrs	n/a
27 Sep 2024	$332M	$2.80B	0.1 yrs	n/a
28 Jun 2024	$319M	$2.74B	0.1 yrs	n/a
31 Mar 2024	$295M	$2.50B	0.1 yrs	n/a
31 Dec 2023	$249M	$2.28B	0.1 yrs	n/a

Questions

What is NXT's backlog?: NXT reported $515M of remaining performance obligations at 2 Oct 2026, up 9% from a year earlier and up 19% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 1.07.

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.