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AI brief of an SEC Form 8-K · Q2 Holdings (QTWO)

Q2 Holdings raises 2024 outlook after 12% Q2 revenue growth to $172.9 million

Positive Impact 4 of 5 earnings Written later

Q2 Holdings reported second-quarter 2024 revenue of $172.9 million, up 12% year-over-year, and a GAAP net loss of $13.1 million, narrower than the $23.6 million loss a year earlier. The company raised its full-year 2024 outlook for revenue and adjusted EBITDA, with non-GAAP revenue now guided to $688.5 million to $692.5 million. For shareholders, the filing shows higher sales and profitability on a non-GAAP basis, though the company still reported a GAAP net loss for the quarter.

Key points

  • Q2 2024 revenue was $172.9 million, up 12% year-over-year and up 4% from the first quarter of 2024.
  • GAAP net loss for Q2 2024 was $13.1 million, compared with $23.6 million in the prior-year quarter.
  • Adjusted EBITDA for Q2 2024 was $29.9 million, up from $17.6 million a year earlier, a 17.3% margin.
  • Full-year 2024 non-GAAP revenue guidance is $688.5 million to $692.5 million, and adjusted EBITDA guidance is $116.5 million to $119.5 million.

The filing

CompanyQ2 Holdings (QTWO)
Form8-K, current report
Filed with the SECJul 31, 2024, 4:34 PM ET
Accession number0001410384-24-000156

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 31, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.