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Remaining Performance Obligations
Quantifies contracted revenue not yet recognized, offering a view of near- to medium-term revenue visibility. Helps assess how much revenue is already promised, the timing of that recognition, and the risk that contracts may be modified or canceled.RPO jumped materially in mid‑2022 and has since settled at a new, higher band driven by large, discrete contract awards; the recent Q1 bookings (including the T‑6 win) pushed another step‑up and directly underpins management’s raised 2026 guidance and ~94% revenue visibility. That visibility reduces near‑term top‑line risk, but the concentration and lumpy recognition of a few mega‑awards increases execution, timing and margin volatility—key risks for investors despite stronger backlog and guidance.
Date | Remaining Performance Obligations |
|---|---|
Jun 30, 2026 | $3.73B |
Mar 31, 2026 | $3.89B |
Dec 31, 2025 | $3.38B |
Sep 30, 2025 | $3.48B |
Jun 30, 2025 | $3.90B |
Mar 31, 2025 | $3.35B |
Dec 31, 2024 | $3.48B |
Sep 30, 2024 | $4.03B |
Jun 30, 2024 | $3.84B |
Mar 31, 2024 | $3.27B |