November 5, 2025 3 rd Quarter 2025 Results Safe Harbor Statement This presentation and the accompanying oral presentation contain forward -looking statements and information that are based on our management's beliefs and assumptions and on information currently available to our management . The statements and information contained in this presentation that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the S ...

Financial Performance - Revenue reached $1951 million, a 13% increase year-over-year from $1729 million in 2Q24[6] - GAAP Gross Profit was $1046 million, up 20% from $868 million in 2Q24[6] - Adjusted EBITDA increased by 53% to $458 million, compared to $299 million in 2Q24, with an Adjusted EBITDA margin of 235%[5,6] - Subscription Annualized Recurring Revenue (ARR) grew by 13% year-over-year, reaching $716 million, up from $634 million in 2Q24[9,11] Backlog and Customer Wins - Total committed Backlog reached approximately $24 billion, representing a 21% year-over-year growth and a 3% sequential growth[5,9,13] - The company signed six Tier 1 contracts (customers with assets above $5 billion) during the quarter[5,9] Financial Outlook - The company projects full year 2025 revenue growth of 12% to 13%[17] - The company anticipates a full year 2025 adjusted EBITDA margin of approximately 23%[17] Long-Term Financial Targets - The company targets an average annual subscription revenue growth of approximately 15%[20] - The company aims for an average annual adjusted EBITDA margin expansion of approximately 360 basis points[20]

Financial Performance - Revenue for Q1 2025 reached $189.7 million, a 15% increase compared to $165.5 million in Q1 2024[8] - Adjusted EBITDA for Q1 2025 was $40.7 million, representing a 61% increase from $25.2 million in Q1 2024[8] - Adjusted EBITDA margin was 21%, compared to 15.2% in the same period last year[7, 32] - Net income for Q1 2025 was $4.8 million, a significant improvement from a loss of $13.8 million in Q1 2024[8] - Subscription Annualized Recurring Revenue (ARR) grew by 14% year-over-year, reaching $702 million, up from $615 million in Q1 2024[11, 13] Backlog and RPO - Total committed backlog reached $2.3 billion, a 20% increase compared to Q1 2024[7, 11] - The company expects 54% of the $2.3 billion backlog to be recognized as revenue within the next 24 months[15] Customer Base - Banks constitute 64% of the customer base, while credit unions account for 25%[17] - Enterprise customers make up 10% of the customer base, Tier 1 customers 36%, Tier 2 customers 34%, and Tier 3 customers 10%[17] Financial Outlook - The company projects revenue between $776 million and $783 million for the full year 2025[19] - The company anticipates an adjusted EBITDA margin of approximately 22% for the full year 2025[18]