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Twist Bioscience (TWST) backlog: remaining performance obligations

How much revenue Twist Bioscience already has under contract, how fast it converts, and who it is with.

Data as of .

Twist Bioscience backlog history

$0$200M$400MSep 2022Jun 2023Dec 2023Jun 2024Dec 2024Jun 2025Dec 2025Jun 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 Jun 2026$21.9M$432M0.1 yrs$6.50M
31 Mar 2026$16.6M$410M0.0 yrs$7.10M
31 Dec 2025$19.0M$392M0.0 yrs$9.00M
30 Sep 2025$15.1M$377M0.0 yrs$6.90M
30 Jun 2025$13.4M$362M0.0 yrs$6.20M
31 Mar 2025$8.50M$348M0.0 yrs$2.00M
31 Dec 2024$8.10M$330M0.0 yrs$1.40M
30 Sep 2024$8.60M$313M0.0 yrs$2.10M
30 Jun 2024$7.10M$295M0.0 yrs$2.90M
31 Mar 2024$5.90M$278M0.0 yrs$2.50M
31 Dec 2023$7.30M$262M0.0 yrs$2.60M
30 Sep 2023$5.30M$245M0.0 yrs$3.00M

Questions

What is Twist Bioscience's backlog?
Twist Bioscience reported $21.9M of remaining performance obligations at 30 Jun 2026, up 63% from a year earlier and up 32% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 1.04.

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.