Q2 Holdings Q1 revenue rises 15% to $189.7 million; GAAP net income $4.8 million
Q2 Holdings reported first-quarter 2025 revenue of $189.7 million, up 15% from a year earlier, and GAAP net income of $4.8 million, compared with a net loss of $13.8 million in the prior-year quarter. The company also issued second-quarter 2025 revenue and adjusted EBITDA guidance and updated its full-year 2025 guidance, giving shareholders new targets to track.
Key points
- Q1 2025 revenue of $189.7 million, up 15% year over year and up 4% from fourth quarter 2024
- GAAP net income of $4.8 million versus a $13.8 million net loss in Q1 2024; adjusted EBITDA of $40.7 million versus $25.2 million
- Q2 2025 guidance: revenue of $191.0 million to $195.0 million and adjusted EBITDA of $41.0 million to $44.0 million
- Updated full-year 2025 guidance: revenue of $776.0 million to $783.0 million and adjusted EBITDA of $170.0 million to $175.0 million
The filing
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 May 07, 2025.
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.