SaaS Metrics School

Oracle Stock Jumps Over 30% Based On This One Metric


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Oracle’s stock recently jumped 37% — and the driver wasn’t just revenue growth or earnings per share. The market reacted to one SaaS metric: RPO (Remaining Performance Obligations), which surged 359% year-over-year.

In episode #312, Ben Murray explains the RPO metric, how it’s calculated, and why investors are paying close attention to it. From Oracle’s $455B backlog to Snowflake’s disclosure practices, you’ll learn why this metric is becoming more important for both public and private SaaS companies.

If you want to improve your investor metrics and maximize your company valuation, RPO should be on your radar.

What You’ll Learn

  • What RPO is (Remaining Performance Obligations) and how it’s calculated.
  • Why RPO is a leading indicator of future revenue and business model stickiness.
  • How Oracle’s massive RPO growth drove its stock surge.
  • How public companies like Snowflake define and disclose RPO.
  • Why private SaaS companies should start tracking RPO alongside ARR, MRR, and retention.
  • How RPO supports investor confidence in fundraising and exit conversations.
  • Why It Matters for SaaS Operators & Investors

    • Investor metrics such as RPO create visibility into future revenue streams.
    • RPO growth signals stronger customer commitment and drives higher valuations.
    • Private SaaS companies can use RPO as a complement to retention metrics when preparing for fundraising.
    • Resources Mentioned

      📄 Blog Post: What is RPO? (Includes free template download): https://www.thesaascfo.com/understanding-remaining-performance-obligations-in-saas/

      🎓 SaaS Metrics Course – Learn how to calculate and present SaaS metrics that matter to investors: https://www.thesaasacademy.com/the-saas-metrics-foundation-course-community-phased

      Quote from Ben

      “RPO is a SaaS metric that gives investors visibility into the future. If Oracle can move its stock with RPO, you should consider tracking it too.”

      Disclaimer:
      This discussion is for informational and educational purposes only. Nothing in this episode should be taken as financial advice or a recommendation to buy, sell, or hold any stock, including Oracle. Always do your own research and consult with a licensed financial advisor before making investment decisions.

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      SaaS Metrics SchoolBy Ben Murray

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