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Remaining Performance Obligations
Represents contracted revenue that hasn’t yet been recognized, giving a view of near-term revenue under existing deals. A larger backlog increases short-term revenue visibility, but it can overstate future earnings if contracts are canceled, renegotiated, or delayed.RPO has climbed sharply since 2024, creating a multi‑year, visible revenue backlog that underpins management’s upgraded guidance and confidence in near‑term profitability. The surge tracks larger enterprise wins and multiproduct adoption, but heavier concentration in $100k+ accounts and bookings tied to early‑stage emerging products mean conversion timing and monetization risk; supply and AI/cloud cost pressures could also delay margin realization. In short, the backlog de‑risks revenue visibility while amplifying quarter‑to‑quarter volatility and execution risk on margins.
Date | Remaining Performance Obligations |
|---|---|
Mar 31, 2026 | $3.99B |
Dec 31, 2025 | $3.77B |
Sep 30, 2025 | $3.38B |
Jun 30, 2025 | $3.17B |
Mar 31, 2025 | $2.76B |
Dec 31, 2024 | $2.65B |
Sep 30, 2024 | $2.43B |
Jun 30, 2024 | $2.29B |
Mar 31, 2024 | $2.15B |
Dec 31, 2023 | $2.00B |