Every material Form 8-K Q2 Holdings filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Q2 Holdings announced executive changes effective November 6, 2025. Himagiri Mukkamala, Chief Development Officer, becomes Chief Operating Officer, Kirk L. Coleman moves from President to Chief Business Officer, and Matthew P. Flake takes on the President title alongside his roles as Chairman and CEO. Chief Revenue Officer Michael A. Volanoski is leaving the company, staying through December 12, 2025 to help with the transition.
Mukkamala's annual base salary rises to $450,000 with a target bonus of 75% of base salary, effective November 6, 2025
Coleman resigns as President effective November 6, 2025 and becomes Chief Business Officer
Volanoski will depart and continue as Chief Revenue Officer through December 12, 2025; his exit is not tied to any dispute with the company
Filing states no compensation changes for Coleman or Flake from the leadership changes
Q2 Holdings reported third-quarter 2025 revenue of $201.7 million, up 15 percent year over year, and GAAP net income of $15.0 million, compared with a net loss of $11.8 million a year earlier. The company raised its full-year 2025 revenue and adjusted EBITDA guidance and authorized up to $150 million in share repurchases, which it expects to fund from existing cash. Shareholders also face an executive change, as the chief revenue officer will leave on December 12, 2025.
Q3 2025 revenue was $201.7 million, up 15 percent year over year; GAAP net income was $15.0 million, or $0.23 diluted EPS, versus a net loss of $11.8 million a year earlier
Adjusted EBITDA was $48.8 million, up from $32.6 million in the prior-year quarter
Full-year 2025 guidance raised to revenue of $789.0 million to $793.0 million and adjusted EBITDA of $182.5 million to $185.5 million
Board authorized repurchases of up to $150 million of common stock with no expiration date; Chief Revenue Officer Mike Volanoski will depart effective December 12, 2025
Q2 Holdings reported second-quarter 2025 revenue of $195.1 million, up 13% from a year earlier, and GAAP net income of $11.8 million, compared with a net loss of $13.1 million in the prior-year quarter. The company raised its full-year 2025 guidance for revenue, adjusted EBITDA and free cash flow conversion, and it gave third-quarter guidance. The results and higher outlook matter to shareholders because they show revenue growth and profitability improving compared with last year.
Q2 2025 revenue was $195.1 million, up 13% year over year and 3% from the first quarter of 2025.
GAAP net income was $11.8 million, compared with a net loss of $13.1 million in Q2 2024; adjusted EBITDA was $45.8 million, up from $29.9 million.
Full-year 2025 revenue guidance is $783.0 million to $788.0 million, and adjusted EBITDA guidance is $177.0 million to $181.0 million.
Third-quarter 2025 revenue guidance is $196.0 million to $200.0 million, and adjusted EBITDA guidance is $44.0 million to $47.0 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.
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
Q2 Holdings director and Lead Independent Director Jeffrey T. Diehl notified the company on March 7, 2025, that he will not stand for reelection at the 2025 annual stockholder meeting. The filing says his decision was not due to any disagreement with the company on operations, policies or practices, and he will serve through the end of his current term.
Diehl joined the board in July 2007 and serves as Lead Independent Director and a member of the Compensation Committee.
He will remain in his roles until his current term expires.
The filing states the decision was not the result of any disagreement with the company.
The company thanked Diehl for nearly 18 years of board service.
Q2 Holdings expanded its board from seven to eight directors and appointed Andre L. Mintz, a cybersecurity executive, as a director effective March 1, 2025. He also joins the audit committee and risk and compliance committee on the same date, and the board determined he is independent under NYSE rules.
Board increased from seven to eight directors; Mintz appointed on February 11, 2025, effective March 1, 2025
Mintz joins the audit committee and risk and compliance committee, effective March 1, 2025
Mintz has been Vice President, Global Security & Privacy Programs at Meta Platforms since January 2022
Mintz will receive director compensation, pro-rated for his partial year of service
Q2 Holdings reported fourth-quarter 2024 revenue of $183.0 million, up 13% year-over-year, and GAAP net income of $0.2 million, compared with a net loss of $18.1 million a year earlier. The company also issued 2025 guidance of $772.0 million to $779.0 million in full-year revenue and updated its three-year framework, which raises the 2026 free cash flow conversion target to greater than 85% from 70%. For shareholders, the results show year-over-year gains in revenue, profit and adjusted EBITDA, along with higher long-term targets.
Q4 2024 revenue of $183.0 million, up 13% year-over-year; full-year 2024 revenue of $696.5 million, up 12%
Q4 2024 GAAP net income of $0.2 million, versus a net loss of $18.1 million in Q4 2023; full-year 2024 GAAP net loss narrowed to $38.5 million from $65.4 million
Q4 2024 adjusted EBITDA of $37.6 million, up from $23.2 million; full-year 2025 guidance of $772.0 million to $779.0 million in revenue and $165.0 million to $170.0 million in adjusted EBITDA
Updated three-year framework targets average annual subscription revenue growth of approximately 15% and a full-year 2026 free cash flow conversion above 85%, up from 70%
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Q2 Holdings filing is on SEC EDGAR ↗. 8-K briefs of other companies →