Pegasystems reported $2.01B of remaining performance obligations at 30 Sep 2026, up 15% from a year earlier and down 0% from the previous quarter. That is 1.1 years of trailing revenue already under contract. Book-to-bill last quarter: 0.98.
Net new backlog added in the latest quarter: -$9.20M.
Over the last twelve months it turned about 90% of its opening backlog into revenue (12-month conversion).
100% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 21.6% of the backlog.
Twelve-month book-to-bill: 1.15, i.e. 1.15 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: +14 points — orders are running ahead of revenue.
By backlog size it ranks 179th among US filers the cockpit tracks.
Pegasystems 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
$2.01B
$1.75B
1.1 yrs
$434M
30 Jun 2026
$2.02B
$1.74B
1.2 yrs
$468M
31 Mar 2026
$2.01B
$1.70B
1.2 yrs
$565M
31 Dec 2025
$2.07B
$1.75B
1.2 yrs
$519M
30 Sep 2025
$1.75B
$1.73B
1.0 yrs
$407M
30 Jun 2025
$1.84B
$1.68B
1.1 yrs
$422M
31 Mar 2025
$1.73B
$1.64B
1.1 yrs
$473M
31 Dec 2024
$1.62B
$1.50B
1.1 yrs
$426M
30 Sep 2024
$1.48B
$1.48B
1.0 yrs
$348M
30 Jun 2024
$1.41B
$1.49B
0.9 yrs
$355M
31 Mar 2024
$1.42B
$1.44B
1.0 yrs
$384M
31 Dec 2023
$1.46B
$1.43B
1.0 yrs
$380M
Questions
What is Pegasystems's backlog?
Pegasystems reported $2.01B of remaining performance obligations at 30 Sep 2026, up 15% from a year earlier and down 0% from the previous quarter. That is 1.1 years of trailing revenue already under contract. Book-to-bill last quarter: 0.98.
How fast does Pegasystems's backlog turn into revenue?
Over the last twelve months Pegasystems recognised revenue equal to about 90% 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.