Want to see BAH full AI Analyst Report?
Backlog By Type
Breaks down committed and potential future work by contract type and funding status, showing how much revenue is already contracted versus contingent. Reveals near-term revenue visibility and the risk that un-funded or option-based work may not convert into billed revenue.Funded backlog shows recurring Q3 spikes and a multi‑year uptrend, reflecting seasonal award timing and the funding improvement management flagged (funded backlog up ~15% YoY), which gives near‑term revenue visibility despite Q1 revenue weakness. Price‑options (total backlog) roughly doubled since 2020 and unfunded backlog has stayed north of ~$10B, providing optionality for future revenue — but conversion depends on funding cycles, procurement reforms and Civil segment repricing, so booked demand supports the guide but isn’t a guarantee of immediate top‑line growth.
Date | Funded | Unfunded | Price Options |
|---|---|---|---|
Jun 30, 2026 | $4.66B | $10.22B | $24.60B |
Mar 31, 2026 | $4.32B | $10.18B | $23.68B |
Dec 31, 2025 | $4.21B | $10.06B | $24.19B |
Sep 30, 2025 | $5.44B | $10.67B | $24.08B |
Jun 30, 2025 | $4.05B | $10.44B | $23.78B |
Mar 31, 2025 | $4.42B | $8.80B | $23.80B |
Dec 31, 2024 | $5.33B | $9.34B | $24.74B |
Sep 30, 2024 | $6.61B | $10.32B | $24.32B |
Jun 30, 2024 | $5.14B | $10.12B | $20.92B |
Mar 31, 2024 | $4.82B | $9.46B | $19.53B |