What is Valaris's backlog?

Valaris reported $208M of remaining performance obligations at 30 Sep 2026, up 52% from a year earlier and up 9% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 1.03.

Valaris (VAL) backlog: remaining performance obligations

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

Data as of 7 Nov 2026.

Open the interactive Backlog view Valaris competitor analysis

Valaris reported $208M of remaining performance obligations at 30 Sep 2026, up 52% from a year earlier and up 9% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 1.03.
Net new backlog added in the latest quarter: $16.5M.
The company reports 23% of the backlog due within the first 3 months.
Customer prepayments (contract liabilities) cover 100.0% of the backlog.
Twelve-month book-to-bill: 1.03, i.e. 1.03 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: +64 points — orders are running ahead of revenue.
By backlog size it ranks 378th among US filers the cockpit tracks.

Valaris 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	$208M	$2.14B	0.1 yrs	$208M
30 Jun 2026	$192M	$2.14B	0.1 yrs	$192M
31 Mar 2026	$155M	$2.21B	0.1 yrs	$155M
31 Dec 2025	$151M	$2.37B	0.1 yrs	$151M
30 Sep 2025	$137M	$2.42B	0.1 yrs	$137M
30 Jun 2025	$142M	$2.46B	0.1 yrs	$142M
31 Mar 2025	$139M	$2.46B	0.1 yrs	$139M
31 Dec 2024	$159M	$2.36B	0.1 yrs	$159M
30 Sep 2024	$157M	$2.26B	0.1 yrs	$157M
30 Jun 2024	$180M	$2.07B	0.1 yrs	$180M
31 Mar 2024	$158M	$1.88B	0.1 yrs	$158M
31 Dec 2023	$154M	$1.78B	0.1 yrs	$154M

Questions

What is Valaris's backlog?: Valaris reported $208M of remaining performance obligations at 30 Sep 2026, up 52% from a year earlier and up 9% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 1.03.

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.