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Solstice Advanced Materials (SOLS) backlog: remaining performance obligations

How much revenue Solstice Advanced Materials already has under contract, how fast it converts, and who it is with.

Data as of .

Solstice Advanced Materials backlog history

$0$2B$4BSep 2025Dec 2025Mar 2026Jun 2026Sep 2026Backlog (RPO)Trailing 12-month revenue
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter endBacklog (RPO)TTM revenueCoverageCustomer prepayments
30 Sep 2026$3.30B$4.17B0.8 yrs$36.0M
30 Jun 2026$3.20B$4.09B0.8 yrs$43.0M
31 Mar 2026$2.90B$3.98B0.7 yrs$43.0M
31 Dec 2025$2.80B$3.89B0.7 yrs$41.0M
30 Sep 2025$2.87Bn/an/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.