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Remaining Performance Obligations
Indicates the value of contracted work yet to be completed, offering insight into future revenue streams and the company's workload capacity.Remaining performance obligations have collapsed from earlier peaks and show lumpy, short-lived spikes (notably mid‑2025), indicating timing volatility rather than a steady backlog buildup. Management’s claim of an eight‑quarter high announced/pending backlog suggests deal flow is healthy but conversion is delayed — the core risk — which explains elevated compensation ratios and their back‑half revenue thesis; whether newly hired partners and acquisitions can convert that pipeline will drive near‑term margin normalization or continued pressure.
Date | Remaining Performance Obligations |
|---|---|
Jun 30, 2026 | $500.00K |
Mar 31, 2026 | $700.00K |
Dec 31, 2025 | $1.00M |
Sep 30, 2025 | $900.00K |
Jun 30, 2025 | $3.40M |
Mar 31, 2025 | $600.00K |
Dec 31, 2024 | $500.00K |
Sep 30, 2024 | $400.00K |
Jun 30, 2024 | $300.00K |
Mar 31, 2024 | $1.40M |