RGTI reported $2.70M of remaining performance obligations at 30 Jun 2026, down 53% from a year earlier and down 4% from the previous quarter. That is 0.2 years of trailing revenue already under contract. Book-to-bill last quarter: 0.98.
Net new backlog added in the latest quarter: -$100,000.
Over the last twelve months it turned about 366% of its opening backlog into revenue (12-month conversion).
41% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 148.2% of the backlog.
Twelve-month book-to-bill: 0.78, i.e. 0.78 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -122 points — revenue is catching up with orders.
By backlog size it ranks 538th among US filers the cockpit tracks.
RGTI 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
$2.70M
$13.4M
0.2 yrs
$4.00M
31 Mar 2026
$2.80M
$10.0M
0.3 yrs
$1.80M
31 Dec 2025
$3.80M
$7.10M
0.5 yrs
$1.50M
30 Sep 2025
$5.50M
$7.50M
0.7 yrs
$700,000
30 Jun 2025
$5.70M
$7.90M
0.7 yrs
$800,000
31 Mar 2025
$1.20M
$9.20M
0.1 yrs
$800,000
31 Dec 2024
$2.20M
$10.8M
0.2 yrs
$800,000
30 Sep 2024
$3.10M
$11.9M
0.3 yrs
$900,000
30 Jun 2024
$5.40M
$12.6M
0.4 yrs
$800,000
31 Mar 2024
$9.00M
$12.9M
0.7 yrs
$100,000
31 Dec 2023
$3.00M
$12.0M
0.2 yrs
$300,000
30 Sep 2023
$6.00M
$14.7M
0.4 yrs
n/a
Questions
What is RGTI's backlog?
RGTI reported $2.70M of remaining performance obligations at 30 Jun 2026, down 53% from a year earlier and down 4% from the previous quarter. That is 0.2 years of trailing revenue already under contract. Book-to-bill last quarter: 0.98.
How fast does RGTI's backlog turn into revenue?
Over the last twelve months RGTI recognised revenue equal to about 366% 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.