Financial research concept

Security Monitoring Remaining Performance Obligations

measures contracted monitoring and related-service revenue that has not yet been recognized under the issuer's revenue-recognition rules.

By Lee BaileyPublished Sep 26, 2026

Research context

See what supports this page, how current it is, and where comparable or historical context is available.

Research date: Sep 26, 2026Use the dated article and cited sources for the definition, examples, and stated limitations.
Operating-model context: 17 connected conceptsPart of the reviewed Security Monitoring Subscription Economics; issuer definitions remain distinct where disclosed.
Company examples: 1 reviewed companyRelationships reflect supported examples, not a normalized cross-company KPI ranking.

The disclosure includes a timing ladder
RPO is not the same as RMR
RPO is not a complete forecast of company revenue
Part of the Security Monitoring Subscription Economics
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Security monitoring remaining performance obligations measure contracted monitoring and related-service revenue that has not yet been recognized.

ADT reported $3.681 billion of remaining unsatisfied monitoring and related-services performance obligations at December 31, 2025.

The disclosure includes a timing ladder

ADT reported approximately:

$1.898 billion expected in 0 to 12 months;
$1.046 billion in 13 to 24 months;
$497.6 million in 25 to 36 months; and
$239.8 million thereafter.

The schedule provides more information than a single backlog number because it shows when the accounting obligation is expected to convert into revenue.

RPO is not the same as RMR

end-of-period RMR measures monthly contractual recurring fees at a point in time.

Remaining performance obligations measure the accounting value of unsatisfied contractual obligations across future periods. The scope and timing are different.

RPO is not a complete forecast of company revenue

The disclosure reflects contracts and performance obligations within the accounting rules.

Future new customers, price changes, installation revenue, and other business activity can produce revenue that is not included in the year-end RPO balance.

Primary source: ADT 2025 Form 10-K.

Part of the Security Monitoring Subscription Economics

Connects monitoring subscriber scale and retention with recurring revenue, subscriber-acquisition investment, company-owned system economics, and the deferred and contracted revenue created by long-duration monitoring relationships.

Browse the full operating model in Company Analysis →

Where this concept fits

Installation, deferred fees, and contracted future service revenueCurrent relationship
Outright-sale installation revenue is recognized differently from company-owned upfront fees, while deferred subscriber acquisition revenue and remaining performance obligations show how existing customer contracts feed later revenue recognition.
Deferred Subscriber Acquisition Revenue Deferred Acquisition Revenue Amortization Installation RevenueMonitoring Remaining Performance ObligationsCurrent concept
Subscriber base, recurring revenue, retention, and payback
Subscriber count supplies the installed base, RMR and recognized recurring revenue describe monetization, attrition measures recurring revenue lost, and payback connects the upfront acquisition investment to the revenue stream that recovers it.
End-of-Period RMR Gross Customer Revenue Attrition Monitoring and Related Services Revenue Recurring Monthly Revenue Revenue Payback Period Monitoring Subscriber Count
Subscriber acquisition and company-owned system investment
Dealer account purchases and contract additions acquire customer relationships, while subscriber system assets and deferred acquisition costs capitalize different parts of the investment required to create and support monitoring subscribers.
Customer Contract Additions Dealer-Generated Account Purchases Deferred Acquisition Cost Amortization Deferred Subscriber Acquisition Costs Subscriber System Asset Depreciation Subscriber System Asset Expenditures Subscriber System Assets

See It in Company Research

These companies are examples of how the concept is reported or discussed in public filings. Definitions can differ by issuer; these links open company research rather than a normalized metric comparison.

ADTOpen operating-model research →17 of 17 reviewed concepts in Security Monitoring Subscription EconomicsInstallation, deferred fees, and contracted future service revenue4 of 4 bridge concepts supportedContinue through this bridge:Deferred Acquisition Revenue Amortization Deferred Subscriber Acquisition Revenue Installation Revenue

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Compare contracted revenue timing

Compare unsatisfied monitoring obligations across future periods without treating accounting RPO as a full revenue forecast.

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