Yext reported $488M of remaining performance obligations at 31 Jul 2026, up 10% from a year earlier and down 2% from the previous quarter. That is 1.1 years of trailing revenue already under contract. Book-to-bill last quarter: 0.90.
Net new backlog added in the latest quarter: -$11.7M.
Over the last twelve months it turned about 95% of its opening backlog into revenue (12-month conversion).
The company reports 90% of the backlog due within the first 24 months.
Customer prepayments (contract liabilities) cover 36.8% of the backlog.
Twelve-month book-to-bill: 1.10, i.e. 1.10 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: +11 points — orders are running ahead of revenue.
By backlog size it ranks 315th among US filers the cockpit tracks.
Yext 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
31 Jul 2026
$488M
$443M
1.1 yrs
$180M
30 Apr 2026
$500M
$445M
1.1 yrs
$201M
31 Jan 2026
$513M
$447M
1.1 yrs
$218M
31 Oct 2025
$416M
$448M
0.9 yrs
$155M
31 Jul 2025
$445M
$450M
1.0 yrs
$186M
30 Apr 2025
$469M
$434M
1.1 yrs
$211M
31 Jan 2025
$490M
$421M
1.2 yrs
$229M
31 Oct 2024
$457M
$409M
1.1 yrs
$161M
31 Jul 2024
$396M
$396M
1.0 yrs
$156M
30 Apr 2024
$432M
$401M
1.1 yrs
$185M
31 Jan 2024
$465M
$404M
1.2 yrs
$212M
31 Oct 2023
$423M
$405M
1.0 yrs
$144M
Questions
What is Yext's backlog?
Yext reported $488M of remaining performance obligations at 31 Jul 2026, up 10% from a year earlier and down 2% from the previous quarter. That is 1.1 years of trailing revenue already under contract. Book-to-bill last quarter: 0.90.
How fast does Yext's backlog turn into revenue?
Over the last twelve months Yext recognised revenue equal to about 95% 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.