PagerDuty reported $426M of remaining performance obligations at 31 Jul 2026, up 0% from a year earlier and down 3% from the previous quarter. That is 0.9 years of trailing revenue already under contract. Book-to-bill last quarter: 0.88.
Net new backlog added in the latest quarter: -$15.0M.
Over the last twelve months it turned about 115% of its opening backlog into revenue (12-month conversion).
Customer prepayments (contract liabilities) cover 55.4% of the backlog.
Twelve-month book-to-bill: 1.00, i.e. 1.00 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 323rd among US filers the cockpit tracks.
PagerDuty 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
$426M
$495M
0.9 yrs
$236M
30 Apr 2026
$441M
$494M
0.9 yrs
$243M
31 Jan 2026
$449M
$492M
0.9 yrs
$249M
31 Oct 2025
$415M
$489M
0.8 yrs
$223M
31 Jul 2025
$425M
$484M
0.9 yrs
$230M
30 Apr 2025
$430M
$476M
0.9 yrs
$240M
31 Jan 2025
$440M
$468M
0.9 yrs
$246M
31 Oct 2024
$405M
$457M
0.9 yrs
$217M
31 Jul 2024
$403M
$447M
0.9 yrs
$218M
30 Apr 2024
$388M
$439M
0.9 yrs
$224M
31 Jan 2024
$247M
$431M
0.6 yrs
$228M
31 Oct 2023
$206M
$420M
0.5 yrs
$196M
Questions
What is PagerDuty's backlog?
PagerDuty reported $426M of remaining performance obligations at 31 Jul 2026, up 0% from a year earlier and down 3% from the previous quarter. That is 0.9 years of trailing revenue already under contract. Book-to-bill last quarter: 0.88.
How fast does PagerDuty's backlog turn into revenue?
Over the last twelve months PagerDuty recognised revenue equal to about 115% 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.