PTC reported $2.42B of remaining performance obligations at 30 Jun 2026, up 5% from a year earlier and down 4% from the previous quarter. That is 0.8 years of trailing revenue already under contract. Book-to-bill last quarter: 0.84.
Net new backlog added in the latest quarter: -$96.8M.
Over the last twelve months it turned about 113% of its opening backlog into revenue (12-month conversion).
Customer prepayments (contract liabilities) cover 29.0% of the backlog.
Twelve-month book-to-bill: 1.04, i.e. 1.04 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -15 points — revenue is catching up with orders.
By backlog size it ranks 170th among US filers the cockpit tracks.
PTC 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 Jun 2026
$2.42B
$2.95B
0.8 yrs
$700M
31 Mar 2026
$2.51B
$3.00B
0.8 yrs
$757M
31 Dec 2025
$2.94B
$2.86B
1.0 yrs
$702M
30 Sep 2025
$2.87B
$2.74B
1.0 yrs
$812M
30 Jun 2025
$2.31B
$2.47B
0.9 yrs
$758M
31 Mar 2025
$2.28B
$2.35B
1.0 yrs
$786M
31 Dec 2024
$2.19B
$2.31B
0.9 yrs
$706M
30 Sep 2024
$2.27B
$2.30B
1.0 yrs
$754M
30 Jun 2024
$2.07B
$2.22B
0.9 yrs
$671M
31 Mar 2024
$2.05B
$2.24B
0.9 yrs
$709M
31 Dec 2023
$2.17B
$2.18B
1.0 yrs
$650M
30 Sep 2023
$2.05B
$2.10B
1.0 yrs
$665M
Questions
What is PTC's backlog?
PTC reported $2.42B of remaining performance obligations at 30 Jun 2026, up 5% from a year earlier and down 4% from the previous quarter. That is 0.8 years of trailing revenue already under contract. Book-to-bill last quarter: 0.84.
How fast does PTC's backlog turn into revenue?
Over the last twelve months PTC recognised revenue equal to about 113% 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.