Progress Software reported $498M of remaining performance obligations at 31 Aug 2026, down 16% from a year earlier and down 4% from the previous quarter. That is 0.5 years of trailing revenue already under contract. Book-to-bill last quarter: 0.91.
Net new backlog added in the latest quarter: -$21.1M.
Over the last twelve months it turned about 184% of its opening backlog into revenue (12-month conversion).
75% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 81.7% of the backlog.
Twelve-month book-to-bill: 0.91, i.e. 0.91 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -22 points — revenue is catching up with orders.
By backlog size it ranks 310th among US filers the cockpit tracks.
Progress Software 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 Aug 2026
$498M
$1,000M
0.5 yrs
$406M
31 May 2026
$519M
$1.00B
0.5 yrs
$423M
28 Feb 2026
$528M
$988M
0.5 yrs
$425M
30 Nov 2025
$536M
$978M
0.5 yrs
$425M
31 Aug 2025
$592M
$940M
0.6 yrs
$381M
31 May 2025
$498M
$869M
0.6 yrs
$389M
28 Feb 2025
$478M
$807M
0.6 yrs
$400M
30 Nov 2024
$488M
$753M
0.6 yrs
$404M
31 Aug 2024
$346M
$715M
0.5 yrs
$285M
31 May 2024
$344M
$712M
0.5 yrs
$292M
29 Feb 2024
$348M
$715M
0.5 yrs
$296M
30 Nov 2023
$296M
$694M
0.4 yrs
$295M
Questions
What is Progress Software's backlog?
Progress Software reported $498M of remaining performance obligations at 31 Aug 2026, down 16% from a year earlier and down 4% from the previous quarter. That is 0.5 years of trailing revenue already under contract. Book-to-bill last quarter: 0.91.
How fast does Progress Software's backlog turn into revenue?
Over the last twelve months Progress Software recognised revenue equal to about 184% 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.