Urgent.News

What's breaking now, across thousands of outlets.

More in Finance & Markets

Oracle Has $638 Billion of Contracted Backlog and a $430 Billion Stock

The database giant's contracted future revenue now exceeds the company's entire market value. That gap is a message from investors.

  • Oracle has $638 billion in contracted backlog as of fiscal 2026
  • Company's market value is $430 billion, stock at $150 per share
  • Stock price $200 billion less than contracted revenue

More from Tuesday 1 September →