WhiteFiber reported $1.01B of remaining performance obligations at 30 Jun 2026, up 9,500% from a year earlier and up 9% from the previous quarter. That is 10.7 years of trailing revenue already under contract. Book-to-bill last quarter: 3.93.
Net new backlog added in the latest quarter: $84.3M.
Over the last twelve months it turned about 439% of its opening backlog into revenue (12-month conversion).
Customer prepayments (contract liabilities) cover 14.2% of the backlog.
Twelve-month book-to-bill: 11.56, i.e. 11.56 of new orders for every 1 of revenue recognised.
By backlog size it ranks 242nd among US filers the cockpit tracks.
Disclosed counterparties: Nscale ($0.9B).
WhiteFiber 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 Jun 2026
$1.01B
$94.5M
10.7 yrs
$143M
31 Mar 2026
$924M
$84.3M
11.0 yrs
$144M
31 Dec 2025
$930M
$79.2M
11.7 yrs
$79.6M
30 Sep 2025
$9.80M
n/a
n/a
$7.80M
30 Jun 2025
$10.5M
n/a
n/a
$11.7M
Who WhiteFiber's backlog is with
Who the backlog is with: the curated counterparty ledger (company filings and releases)
Counterparty
Disclosed contract value
Type
Credit rating
Nscale
$0.9B
neocloud
Questions
What is WhiteFiber's backlog?
WhiteFiber reported $1.01B of remaining performance obligations at 30 Jun 2026, up 9,500% from a year earlier and up 9% from the previous quarter. That is 10.7 years of trailing revenue already under contract. Book-to-bill last quarter: 3.93.
How fast does WhiteFiber's backlog turn into revenue?
Over the last twelve months WhiteFiber recognised revenue equal to about 439% of the backlog it started each quarter with.
Who are WhiteFiber's biggest backlog customers?
Disclosed counterparties: Nscale ($0.9B).
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.