Roku reported $480M of remaining performance obligations at 30 Sep 2026, down 56% from a year earlier and down 23% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 0.90.
Net new backlog added in the latest quarter: -$147M.
Over the last twelve months it turned about 500% of its opening backlog into revenue (12-month conversion).
56% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 30.2% of the backlog.
Twelve-month book-to-bill: 0.89, i.e. 0.89 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -77 points — revenue is catching up with orders.
By backlog size it ranks 318th among US filers the cockpit tracks.
Roku 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
$480M
$5.50B
0.1 yrs
$145M
30 Jun 2026
$627M
$5.21B
0.1 yrs
$149M
31 Mar 2026
$800M
$4.97B
0.2 yrs
$151M
31 Dec 2025
$978M
$4.74B
0.2 yrs
$150M
30 Sep 2025
$1.10B
$4.54B
0.2 yrs
$150M
30 Jun 2025
$1.20B
$4.39B
0.3 yrs
$149M
31 Mar 2025
$811M
$4.25B
0.2 yrs
$141M
31 Dec 2024
$923M
$4.11B
0.2 yrs
$131M
30 Sep 2024
$940M
$3.90B
0.2 yrs
$117M
30 Jun 2024
$981M
$3.75B
0.3 yrs
$119M
31 Mar 2024
$1.03B
$3.63B
0.3 yrs
$125M
31 Dec 2023
$1.20B
$3.48B
0.3 yrs
$127M
Questions
What is Roku's backlog?
Roku reported $480M of remaining performance obligations at 30 Sep 2026, down 56% from a year earlier and down 23% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 0.90.
How fast does Roku's backlog turn into revenue?
Over the last twelve months Roku recognised revenue equal to about 500% 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.