Financial PerformanceJune-quarter revenue was at the high end of guidance, while adjusted EBITDA exceeded the high end by 4%, and management raised 2025 guidance.
Market PositionQTWO signed 6 Tier-1/Enterprise customers and grew backlog by 21%, reinforcing the view that QTWO remains a market leader and continues to gain share in the digital banking software space.
Revenue GrowthHigh-margin subscription revenue now represents 81% of the business and grew 16% in the June quarter.