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ePlus (PLUS) backlog: remaining performance obligations

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

Data as of .

ePlus backlog history

$0$1B$2BDec 2022Jun 2023Dec 2023Jun 2024Dec 2024Jun 2025Dec 2025Jun 2026Sep 2026Backlog (RPO)Trailing 12-month revenue
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter endBacklog (RPO)TTM revenueCoverageCustomer prepayments
30 Sep 2026$182M$2.51B0.1 yrs$181M
30 Jun 2026$182M$2.45B0.1 yrs$161M
31 Mar 2026$186M$2.44B0.1 yrs$157M
31 Dec 2025$173M$2.37B0.1 yrsn/a
30 Sep 2025$178M$2.25B0.1 yrsn/a
30 Jun 2025$169M$2.14B0.1 yrsn/a
31 Mar 2025$175M$2.01B0.1 yrsn/a
31 Dec 2024$172M$2.08B0.1 yrsn/a
30 Sep 2024$165M$2.10B0.1 yrs$143M
30 Jun 2024$159M$2.19B0.1 yrs$139M
31 Mar 2024$150M$2.18B0.1 yrs$135M
31 Dec 2023$133M$2.16B0.1 yrs$130M

Questions

What is ePlus's backlog?
ePlus reported $182M of remaining performance obligations at 30 Sep 2026, up 3% from a year earlier and up 0% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.

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.