SNOW reported $9.00B of remaining performance obligations at 31 Jul 2026, up 30% from a year earlier and down 2% from the previous quarter. That is 1.7 years of trailing revenue already under contract. Book-to-bill last quarter: 0.87.
Net new backlog added in the latest quarter: -$200M.
Over the last twelve months it turned about 65% of its opening backlog into revenue (12-month conversion).
54% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 28.5% 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: -2 points — revenue is catching up with orders.
By backlog size it ranks 80th among US filers the cockpit tracks.
SNOW 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
$9.00B
$5.43B
1.7 yrs
$2.57B
30 Apr 2026
$9.20B
$5.03B
1.8 yrs
$2.85B
31 Jan 2026
$9.80B
$4.68B
2.1 yrs
$3.35B
31 Oct 2025
$7.90B
$4.39B
1.8 yrs
$2.42B
31 Jul 2025
$6.90B
$4.12B
1.7 yrs
$2.27B
30 Apr 2025
$6.70B
$3.84B
1.7 yrs
$2.31B
31 Jan 2025
$6.90B
$3.63B
1.9 yrs
$2.58B
31 Oct 2024
$5.70B
$3.41B
1.7 yrs
$1.97B
31 Jul 2024
$5.20B
$3.21B
1.6 yrs
$1.85B
30 Apr 2024
$5.00B
$3.01B
1.7 yrs
$1.94B
31 Jan 2024
$5.20B
$2.81B
1.9 yrs
$2.20B
31 Oct 2023
$3.70B
$2.62B
1.4 yrs
$1.61B
Questions
What is SNOW's backlog?
SNOW reported $9.00B of remaining performance obligations at 31 Jul 2026, up 30% from a year earlier and down 2% from the previous quarter. That is 1.7 years of trailing revenue already under contract. Book-to-bill last quarter: 0.87.
How fast does SNOW's backlog turn into revenue?
Over the last twelve months SNOW recognised revenue equal to about 65% 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.