Want to see QTWO full AI Analyst Report?
Remaining Performance Obligations
Represents contracted revenue that has not yet been recognized as GAAP revenue, including future subscription commitments and deferred fees, and therefore indicates near-term revenue visibility. A larger RPO signals more booked business ahead, while a decline or heavy weighting toward one‑time professional services can warn that future recognized revenue may be less predictable.A roughly $2.8B RPO provides meaningful multi‑quarter revenue visibility and underpins the upgraded guidance and ARR momentum, but the very modest sequential increase (~1%) shows bookings momentum is uneven—growth is being driven by large, lumpy deals (Tier‑1 wins) rather than broad-based acceleration. Higher subscription mix and cloud migration improve the quality of that backlog, yet AI product commercialization timing and cost uncertainty create execution risk in converting RPO into consistently margin‑accretive revenue.
Date | Remaining Performance Obligations |
|---|---|
Sep 30, 2026 | $2.77B |
Jun 30, 2026 | $2.80B |
Mar 31, 2026 | $2.70B |
Dec 31, 2025 | $2.69B |
Sep 30, 2025 | $2.52B |
Jun 30, 2025 | $2.36B |
Mar 31, 2025 | $2.30B |
Dec 31, 2024 | $2.22B |
Sep 30, 2024 | $2.03B |
Jun 30, 2024 | $1.96B |