Exzeo reported $74.8M of remaining performance obligations at 30 Sep 2026, down 3% from a year earlier and down 1% from the previous quarter. That is 0.3 years of trailing revenue already under contract. Book-to-bill last quarter: 0.99.
Net new backlog added in the latest quarter: -$600,000.
Over the last twelve months it turned about 294% of its opening backlog into revenue (12-month conversion).
Customer prepayments (contract liabilities) cover 99.1% of the backlog.
Twelve-month book-to-bill: 0.99, i.e. 0.99 of new orders for every 1 of revenue recognised.
By backlog size it ranks 449th among US filers the cockpit tracks.
Exzeo 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
$74.8M
$222M
0.3 yrs
$74.1M
30 Jun 2026
$75.4M
$222M
0.3 yrs
$74.5M
31 Mar 2026
$74.6M
$220M
0.3 yrs
$73.7M
31 Dec 2025
$74.5M
$217M
0.3 yrs
$74.5M
30 Sep 2025
$77.1M
n/a
n/a
$73.1M
31 Dec 2024
$55.6M
$134M
0.4 yrs
$55.6M
Questions
What is Exzeo's backlog?
Exzeo reported $74.8M of remaining performance obligations at 30 Sep 2026, down 3% from a year earlier and down 1% from the previous quarter. That is 0.3 years of trailing revenue already under contract. Book-to-bill last quarter: 0.99.
How fast does Exzeo's backlog turn into revenue?
Over the last twelve months Exzeo recognised revenue equal to about 294% 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.