Varonis Systems reported $1.13B of remaining performance obligations at 30 Sep 2026, up 21% from a year earlier and up 4% from the previous quarter. That is 1.6 years of trailing revenue already under contract. Book-to-bill last quarter: 1.23.
Net new backlog added in the latest quarter: $43.1M.
Over the last twelve months it turned about 68% of its opening backlog into revenue (12-month conversion).
57% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 37.5% of the backlog.
Twelve-month book-to-bill: 1.27, i.e. 1.27 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: +4 points — orders are running ahead of revenue.
By backlog size it ranks 230th among US filers the cockpit tracks.
Varonis Systems 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
$1.13B
$716M
1.6 yrs
$423M
30 Jun 2026
$1.08B
$688M
1.6 yrs
$420M
31 Mar 2026
$1.10B
$660M
1.7 yrs
$416M
31 Dec 2025
$1.10B
$624M
1.8 yrs
$428M
30 Sep 2025
$931M
$609M
1.5 yrs
$334M
30 Jun 2025
$871M
$595M
1.5 yrs
$323M
31 Mar 2025
$789M
$573M
1.4 yrs
$296M
31 Dec 2024
$730M
$551M
1.3 yrs
$290M
30 Sep 2024
$581M
$546M
1.1 yrs
$218M
30 Jun 2024
$515M
$521M
1.0 yrs
$209M
31 Mar 2024
$426M
$506M
0.8 yrs
$185M
31 Dec 2023
$378M
$499M
0.8 yrs
$181M
Questions
What is Varonis Systems's backlog?
Varonis Systems reported $1.13B of remaining performance obligations at 30 Sep 2026, up 21% from a year earlier and up 4% from the previous quarter. That is 1.6 years of trailing revenue already under contract. Book-to-bill last quarter: 1.23.
How fast does Varonis Systems's backlog turn into revenue?
Over the last twelve months Varonis Systems recognised revenue equal to about 68% 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.