What a revenue backlog counts, and what Alphabet's figure leaves out
What it shows
A wall cabinet of sealed drawers with an intake slot; the green drawers stand for signed contracts not yet counted as revenue.
Its labels
- New: Signed contracts not yet counted as revenue
- Contracts that can be cancelled are left out
- Includes amounts to be invoiced later
The story
What a revenue backlog counts, and what Alphabet's figure leaves out · 1 Nov 2026
An illustration is never a picture of what happened. Drawn on 1 Nov 2026.