Q2 Holdings, Inc. QTWO

Technology SIC 7372 - Services-Prepackaged Software NAICS Information › Publishing Industries › Software Publishers derived NYSE

Q2 is a leading provider of digital solutions to financial institutions, financial technology companies, or FinTechs, and alternative finance companies, or Alt-FIs, seeking to incorporate banking into their customer engagement and servicing strategies. Our solutions transform the ways in which financial institutions and other financial services providers engage with account holders and retail and commercial End Users. Digital financial services are highly regulated, subject to extensive and evolving supervisory, consumer protection, privacy and third‑party risk management requirements, and security is paramount, as providers must protect sensitive financial data and funds and defend against continually evolving cyber threats and fraud. Providers must also manage significant technical and operational complexity to deliver consistent, compliant experiences across channels, devices and third‑party integrations while integrating with core systems, legacy infrastructure and multiple third‑party service providers, all while maintaining high availability and resiliency. We deliver these solutions through a unified, cloud-based software platform purpose-built for the complex, regulated financial services industry, enabling scalable and highly configurable digital financial experiences. Our solutions comprise a broad and deep portfolio of digital banking offerings, digital lending and relationship pricing solutions, risk and fraud solutions, Q2 Innovation Studio and Helix.

Last close 69.39 2026-10-23
Market cap $4.33B 2026-06-30 share count
52-week range 40.79 - 76.24

Valuation FY2025 figures against the last close

P/S5.4x
P/E86.7x
P/FCF22.2x
EV/EBITDA46.4x
Dividend yield—
Diluted EPS0.80

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $794.8M$696.5M$624.6M$565.7M$498.7M$402.8M$315.5M$241.1M$194.0M$150.2M
Cost of revenue $365.1M$342.0M$322.0M$309.3M$273.7M$228.2M$162.5M$121.9M$99.5M$77.4M
Gross profit $429.7M$354.5M$302.7M$256.3M$225.0M$174.6M$153.0M$119.2M$94.5M$72.8M
R&D $154.3M$143.2M$137.3M$130.1M$117.0M$97.4M$76.3M$51.3M$40.3M$32.5M
SG&A $125.5M$122.9M$110.2M$90.2M$77.9M$70.9M$56.7M$45.0M$37.2M$32.0M
Total operating expenses $389.8M$396.7M$388.7M$361.1M$303.0M$274.4M$219.7M$151.1M$121.4M$108.5M
Operating income $39.9M-$42.3M-$86.1M-$104.8M-$78.0M-$99.8M-$66.7M-$31.9M-$26.9M-$35.7M
Interest expense $4.9M$4.7M$4.6M———————
Pre-tax income $54.7M-$30.9M-$61.8M-$106.1M-$111.1M-$136.2M-$83.4M-$39.2M-$26.5M-$35.9M
Income tax $2.7M$7.7M$3.6M$2.9M$1.6M$1.4M$12.5M$3.8M$314.0K$427.0K
Net income $52.0M-$38.5M-$65.4M-$109.0M-$112.7M-$137.6M-$70.9M-$35.4M-$26.2M-$36.4M
EPS, basic 0.84-0.64-1.12-1.90-2.00-2.65-1.53———
EPS, diluted 0.80-0.64-1.12-1.90-2.00-2.65-1.53-0.83-0.63-0.92
Shares, diluted (wtd. avg.) 65.1M60.1M58.4M57.3M56.4M52.0M46.2M———

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $367.6M$358.6M$233.6M$201.9M$325.8M$411.2M$103.6M$110.2M$60.3M$56.2M
Short-term investments $65.1M$88.1M$94.4M$233.8M$104.9M$131.4M$32.3M$69.0M$41.7M$42.2M
Receivables $51.7M$42.1M$42.9M$46.7M$47.0M$36.4M$22.4M$19.7M$13.2M$12.2M
Total current assets $556.1M$558.7M$428.0M$531.1M$522.5M$616.2M$186.3M$218.3M$131.1M$125.7M
Property, plant and equipment $27.8M$31.5M$41.2M$56.7M$66.6M$49.6M$39.3M$35.0M$34.5M$27.5M
Goodwill $512.9M$512.9M$512.9M$512.9M$512.9M$462.3M$462.0M$107.9M$12.9M$12.9M
Other intangibles $78.4M$94.6M$121.6M$145.7M$162.5M$184.9M$223.9M$63.3M$12.0M$15.2M
Total assets $1.28B$1.29B$1.20B$1.35B$1.39B$1.42B$1.01B$463.7M$212.8M$201.0M
Accounts payable $20.5M$9.4M$19.4M$10.1M$10.6M$7.9M$11.0M$9.2M$7.6M$4.2M
Total current liabilities $544.1M$398.9M$191.6M$192.0M$168.4M$145.8M$133.0M$73.7M$68.1M$59.2M
Total liabilities $614.5M$777.0M$752.9M$930.7M$814.7M$773.3M$630.0M$304.8M$106.2M$100.7M
Retained earnings -$612.2M-$664.2M-$625.7M-$560.3M-$493.9M-$381.2M-$243.3M-$172.4M-$152.1M-$125.8M
Total equity $661.8M$517.8M$448.5M$419.0M$570.3M$643.4M$379.4M$158.9M$106.6M$100.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $201.5M$135.8M$70.3M$36.6M$31.1M-$2.9M$567.0K$4.6M$9.5M$3.4M
Depreciation and amortisation $53.4M$68.8M$71.7M$61.7M$54.8M$51.8M$28.5M$16.8M$14.9M$12.2M
Stock-based compensation $86.9M$89.2M$79.2M$65.2M$55.9M$50.7M$40.5M$29.5M$20.9M$12.6M
Capital expenditure $6.8M$6.7M$5.7M$11.1M$19.8M$23.7M$13.9M$13.3M$12.3M$14.3M
Investing cash flow -$4.0M-$21.1M$113.3M-$165.6M-$65.1M-$124.2M-$483.3M-$171.3M-$16.9M-$16.5M
Financing cash flow -$189.0M$13.3M-$152.0M$5.9M-$51.2M$434.7M$476.1M$216.6M$11.6M$944.0K
Buybacks $5.0M$0$0———————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001410384-26-000029.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -250M 0 250M 500M 750M 1B Revenue, FY2016: 150.2M Gross profit, FY2016: 72.8M Net income, FY2016: -36.4M Revenue, FY2017: 194M Gross profit, FY2017: 94.5M Net income, FY2017: -26.2M Revenue, FY2018: 241.1M Gross profit, FY2018: 119.2M Net income, FY2018: -35.4M Revenue, FY2019: 315.5M Gross profit, FY2019: 153M Net income, FY2019: -70.9M Revenue, FY2020: 402.8M Gross profit, FY2020: 174.6M Net income, FY2020: -137.6M Revenue, FY2021: 498.7M Gross profit, FY2021: 225M Net income, FY2021: -112.7M Revenue, FY2022: 565.7M Gross profit, FY2022: 256.3M Net income, FY2022: -109M Revenue, FY2023: 624.6M Gross profit, FY2023: 302.7M Net income, FY2023: -65.4M Revenue, FY2024: 696.5M Gross profit, FY2024: 354.5M Net income, FY2024: -38.5M Revenue, FY2025: 794.8M Gross profit, FY2025: 429.7M Net income, FY2025: 52M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $150.2M $194.0M $241.1M $315.5M $402.8M $498.7M $565.7M $624.6M $696.5M $794.8M
Gross profit $72.8M $94.5M $119.2M $153.0M $174.6M $225.0M $256.3M $302.7M $354.5M $429.7M
Net income -$36.4M -$26.2M -$35.4M -$70.9M -$137.6M -$112.7M -$109.0M -$65.4M -$38.5M $52.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event Item 8.01
  • Results announced Item 2.02
  • Shareholder vote Item 5.07
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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