A record backlog of $1.7 billion sets a striking demand backdrop for Accelevation (ACCV) as it reported results for the three months ended in Q3 2026.
The company disclosed the backlog figure during its November 13 earnings call, its first since becoming a publicly traded company, with most of that pipeline expected to convert to shipments within 12 to 18 months.
Bookings were the engine behind that enormous order cushion, climbing more than 350% year over year to approximately $770 million during the quarter.
That surge pushed the book-to-bill ratio to roughly 3.8 times revenue, the second straight quarter in which new orders have run at more than three times the amount shipped.
Quarterly revenue reached approximately $202 million, representing a 66% increase compared with the same period a year earlier, a pace that underscores how quickly the business is scaling.
Profitability also improved sequentially, with gross profit rising to $59 million from $48 million in Q2 2026, while gross margin expanded 260 basis points to 29.3%.
Adjusted net income advanced to $21 million, up from $15 million in the prior quarter, reflecting the operating leverage that accompanies the company’s accelerating top-line growth.
Cash generation was another highlight, with net cash from operating activities totalling approximately $63 million and free cash flow reaching $55 million for the period.
Alongside the results, Accelevation introduced its first full-year 2026 guidance, targeting revenue of $905 million to $915 million and adjusted EBITDA of $155 million to $165 million.
Management also outlined a medium-term ambition to sustain recurring adjusted EBITDA margins in the mid-20% range, while cautioning that quarterly figures will shift depending on project timing and mix.
Founder and CEO Michael Rubiera used the call to acknowledge the milestone moment, welcoming new shareholders as the company navigated its debut appearance before public-market investors.
Senior Vice President of Investor Relations and Capital Markets Larry DeMaria opened the proceedings, while Chief Financial Officer Ken Krause also participated in presenting the quarter’s financial details.
