Q2 (US:QTWO)2025-07-30 21:00Financial 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]