Voyager Technologies reported $608M of remaining performance obligations at 30 Sep 2026, up 589% from a year earlier and up 222% from the previous quarter. That is 2.7 years of trailing revenue already under contract. Book-to-bill last quarter: 5.72.
Net new backlog added in the latest quarter: $419M.
Over the last twelve months it turned about 158% of its opening backlog into revenue (12-month conversion).
The company reports 15% of the backlog due within the first 3 months.
Customer prepayments (contract liabilities) cover 18.8% of the backlog.
Twelve-month book-to-bill: 3.33, i.e. 3.33 of new orders for every 1 of revenue recognised.
By backlog size it ranks 292nd among US filers the cockpit tracks.
Voyager Technologies 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
$608M
$223M
2.7 yrs
$114M
30 Jun 2026
$189M
$174M
1.1 yrs
$30.4M
31 Mar 2026
$153M
$167M
0.9 yrs
$24.8M
31 Dec 2025
$146M
$166M
0.9 yrs
$32.2M
30 Sep 2025
$88.2M
n/a
n/a
$11.1M
30 Jun 2025
$90.3M
n/a
n/a
$13.1M
31 Dec 2024
$102M
$144M
0.7 yrs
$24.1M
31 Dec 2023
$86.5M
$136M
0.6 yrs
n/a
Questions
What is Voyager Technologies's backlog?
Voyager Technologies reported $608M of remaining performance obligations at 30 Sep 2026, up 589% from a year earlier and up 222% from the previous quarter. That is 2.7 years of trailing revenue already under contract. Book-to-bill last quarter: 5.72.
How fast does Voyager Technologies's backlog turn into revenue?
Over the last twelve months Voyager Technologies recognised revenue equal to about 158% 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.