Rubrik reported $2.62B of remaining performance obligations at 31 Jul 2026, up 30% from a year earlier and up 7% from the previous quarter. That is 1.7 years of trailing revenue already under contract. Book-to-bill last quarter: 1.42.
Net new backlog added in the latest quarter: $180M.
Over the last twelve months it turned about 69% of its opening backlog into revenue (12-month conversion).
53% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 45.0% of the backlog.
Twelve-month book-to-bill: 1.39, i.e. 1.39 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -13 points — revenue is catching up with orders.
By backlog size it ranks 163rd among US filers the cockpit tracks.
Rubrik 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
$2.62B
$1.54B
1.7 yrs
$1.18B
30 Apr 2026
$2.44B
$1.42B
1.7 yrs
$1.12B
31 Jan 2026
$2.40B
$1.32B
1.8 yrs
$1.07B
31 Oct 2025
$2.13B
$1.20B
1.8 yrs
$968M
31 Jul 2025
$2.02B
$1.08B
1.9 yrs
$898M
30 Apr 2025
$1.86B
$978M
1.9 yrs
$839M
31 Jan 2025
$1.81B
$886M
2.0 yrs
$777M
31 Oct 2024
$1.56B
$804M
1.9 yrs
$686M
31 Jul 2024
$1.51B
$733M
2.1 yrs
$626M
30 Apr 2024
$1.38B
$680M
2.0 yrs
$569M
Questions
What is Rubrik's backlog?
Rubrik reported $2.62B of remaining performance obligations at 31 Jul 2026, up 30% from a year earlier and up 7% from the previous quarter. That is 1.7 years of trailing revenue already under contract. Book-to-bill last quarter: 1.42.
How fast does Rubrik's backlog turn into revenue?
Over the last twelve months Rubrik recognised revenue equal to about 69% 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.