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Remaining Performance Obligations
Indicates the value of contracted revenue yet to be recognized, providing insight into future revenue streams and business stability.RPO has stepped up since late‑2023 with an acceleration through 2024, a mid‑2025 plateau, then another lift late‑2025—matching management’s faster ACV additions and migration to the new AI‑linked pricing cited on the call. That larger backlog underpins the raised revenue and margin guidance and gives revenue visibility, but it’s not risk‑free: mortgage headwinds and early‑stage IU monetization plus LLM/compute cost pressure could limit how much of this RPO converts to profitable subscription revenue.
Date | Remaining Performance Obligations |
|---|---|
Jun 30, 2026 | 1.40B |
Mar 31, 2026 | 1.30B |
Dec 31, 2025 | 1.30B |
Sep 30, 2025 | 1.20B |
Jun 30, 2025 | 1.20B |
Mar 31, 2025 | 1.20B |
Dec 31, 2024 | 1.20B |
Sep 30, 2024 | 1.09B |
Jun 30, 2024 | 1.04B |
Mar 31, 2024 | 1.07B |