Solstice Advanced Materials reported $3.30B of remaining performance obligations at 30 Sep 2026, up 15% from a year earlier and up 3% from the previous quarter. That is 0.8 years of trailing revenue already under contract. Book-to-bill last quarter: 1.10.
Net new backlog added in the latest quarter: $100M.
Over the last twelve months it turned about 142% of its opening backlog into revenue (12-month conversion).
29% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 1.1% of the backlog.
Twelve-month book-to-bill: 1.10, i.e. 1.10 of new orders for every 1 of revenue recognised.
By backlog size it ranks 149th among US filers the cockpit tracks.
Solstice Advanced Materials 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
$3.30B
$4.17B
0.8 yrs
$36.0M
30 Jun 2026
$3.20B
$4.09B
0.8 yrs
$43.0M
31 Mar 2026
$2.90B
$3.98B
0.7 yrs
$43.0M
31 Dec 2025
$2.80B
$3.89B
0.7 yrs
$41.0M
30 Sep 2025
$2.87B
n/a
n/a
$41.0M
Questions
What is Solstice Advanced Materials's backlog?
Solstice Advanced Materials reported $3.30B of remaining performance obligations at 30 Sep 2026, up 15% from a year earlier and up 3% from the previous quarter. That is 0.8 years of trailing revenue already under contract. Book-to-bill last quarter: 1.10.
How fast does Solstice Advanced Materials's backlog turn into revenue?
Over the last twelve months Solstice Advanced Materials recognised revenue equal to about 142% 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.