Q2 Holdings (QTWO) reported Q1 earnings Wednesday of $0.07 per diluted share, swinging from a loss of $0.23 a year earlier.

Analysts polled by FactSet expected a loss of $0.01.

Revenue for the quarter ended March 31 was $189.7 million, up from $165.5 million a year earlier.

Analysts surveyed by FactSet expected $186.7 million.

For Q2, the digital banking technology company expects revenue of $191 million to $195 million. Analysts polled by FactSet expect $192.4 million.

For 2025, the company lifted its projected revenue guidance to now be between $776 million and $783 million from its previous outlook of $772 million to $779 million. Analysts polled by FactSet expect $778.2 million.