ViaSat reported $4.20B of remaining performance obligations at 30 Sep 2026, up 8% from a year earlier and flat from the previous quarter. That is 0.9 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.
Net new backlog added in the latest quarter: $0.
Over the last twelve months it turned about 115% of its opening backlog into revenue (12-month conversion).
Customer prepayments (contract liabilities) cover 8.5% of the backlog.
Twelve-month book-to-bill: 1.06, i.e. 1.06 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: +6 points — orders are running ahead of revenue.
By backlog size it ranks 126th among US filers the cockpit tracks.
ViaSat 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
$4.20B
$4.66B
0.9 yrs
$356M
30 Jun 2026
$4.20B
$4.63B
0.9 yrs
$320M
31 Mar 2026
$4.10B
$4.64B
0.9 yrs
$293M
31 Dec 2025
$4.00B
$4.62B
0.9 yrs
$294M
30 Sep 2025
$3.90B
$4.58B
0.9 yrs
$288M
30 Jun 2025
$3.50B
$4.56B
0.8 yrs
$299M
31 Mar 2025
$3.60B
$4.52B
0.8 yrs
$294M
31 Dec 2024
$3.50B
$4.52B
0.8 yrs
$308M
30 Sep 2024
$3.70B
$4.53B
0.8 yrs
$294M
30 Jun 2024
$3.60B
$4.63B
0.8 yrs
$278M
31 Mar 2024
$3.70B
$4.28B
0.9 yrs
$260M
31 Dec 2023
$3.70B
$3.80B
1.0 yrs
$266M
Questions
What is ViaSat's backlog?
ViaSat reported $4.20B of remaining performance obligations at 30 Sep 2026, up 8% from a year earlier and flat from the previous quarter. That is 0.9 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.
How fast does ViaSat's backlog turn into revenue?
Over the last twelve months ViaSat recognised revenue equal to about 115% 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.