Sprout Social reported $394M of remaining performance obligations at 30 Sep 2026, up 10% from a year earlier and down 2% from the previous quarter. That is 0.8 years of trailing revenue already under contract. Book-to-bill last quarter: 0.94.
Net new backlog added in the latest quarter: -$6.90M.
Over the last twelve months it turned about 138% of its opening backlog into revenue (12-month conversion).
Customer prepayments (contract liabilities) cover 46.9% of the backlog.
Twelve-month book-to-bill: 1.07, i.e. 1.07 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -0 points — revenue is catching up with orders.
By backlog size it ranks 336th among US filers the cockpit tracks.
Sprout Social 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
$394M
$491M
0.8 yrs
$185M
30 Jun 2026
$401M
$482M
0.8 yrs
$193M
31 Mar 2026
$395M
$470M
0.8 yrs
$194M
30 Sep 2025
$357M
$444M
0.8 yrs
$173M
30 Jun 2025
$347M
$431M
0.8 yrs
$171M
31 Mar 2025
$360M
$418M
0.9 yrs
$174M
30 Sep 2024
$312M
$392M
0.8 yrs
$149M
30 Jun 2024
$295M
$375M
0.8 yrs
$148M
31 Mar 2024
$290M
$355M
0.8 yrs
$146M
30 Sep 2023
$229M
$310M
0.7 yrs
$122M
30 Jun 2023
$206M
$290M
0.7 yrs
$116M
31 Mar 2023
$188M
$272M
0.7 yrs
$109M
Questions
What is Sprout Social's backlog?
Sprout Social reported $394M of remaining performance obligations at 30 Sep 2026, up 10% from a year earlier and down 2% from the previous quarter. That is 0.8 years of trailing revenue already under contract. Book-to-bill last quarter: 0.94.
How fast does Sprout Social's backlog turn into revenue?
Over the last twelve months Sprout Social recognised revenue equal to about 138% 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.