Red Violet reported $23.9M of remaining performance obligations at 30 Sep 2026, up 21% from a year earlier and up 0% from the previous quarter. That is 0.2 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.
Net new backlog added in the latest quarter: $100,000.
Over the last twelve months it turned about 464% of its opening backlog into revenue (12-month conversion).
Customer prepayments (contract liabilities) cover 6.7% 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: +1 points — orders are running ahead of revenue.
By backlog size it ranks 501st among US filers the cockpit tracks.
Red Violet 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
$23.9M
$104M
0.2 yrs
$1.60M
30 Jun 2026
$23.8M
$99.0M
0.2 yrs
$1.20M
31 Mar 2026
$22.2M
$94.1M
0.2 yrs
$1.00M
31 Dec 2025
$23.8M
$90.3M
0.3 yrs
$1.00M
30 Sep 2025
$19.8M
$86.4M
0.2 yrs
$900,000
30 Jun 2025
$19.9M
$82.4M
0.2 yrs
$800,000
31 Mar 2025
$22.0M
$79.7M
0.3 yrs
$800,000
31 Dec 2024
$22.2M
$75.2M
0.3 yrs
$700,000
31 Dec 2023
$15.8M
$60.2M
0.3 yrs
$700,000
31 Dec 2022
$300,000
$53.3M
0.0 yrs
$700,000
30 Sep 2022
$600,000
$51.5M
0.0 yrs
$500,000
30 Jun 2022
$500,000
$48.1M
0.0 yrs
$600,000
Questions
What is Red Violet's backlog?
Red Violet reported $23.9M of remaining performance obligations at 30 Sep 2026, up 21% from a year earlier and up 0% from the previous quarter. That is 0.2 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.
How fast does Red Violet's backlog turn into revenue?
Over the last twelve months Red Violet recognised revenue equal to about 464% 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.