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Q2 Holdings, Inc. (QTWO)

NYSE Information Technology Application Software S&P SmallCap 600
$73.92
-1.70 (-2.25%)
Close of Nov 06, 2026 · end-of-day data
Source: Q2 Holdings, Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$150.22M$193.98M$241.10M$315.48M$402.75M$498.72M$565.67M$624.62M$696.46M$794.81M
Cost of revenue$77.43M$99.48M$121.86M$162.49M$228.15M$273.69M$309.33M$321.97M$341.98M$365.13M
Gross profit$72.80M$94.49M$119.25M$153.00M$174.60M$225.03M$256.35M$302.65M$354.48M$429.68M
Research & development$32.46M$40.34M$51.33M$76.27M$97.38M$116.95M$130.10M$137.33M$143.24M$154.33M
Operating income-$35.72M-$26.91M-$31.85M-$66.75M-$99.83M-$78.00M-$104.76M-$86.06M-$42.26M$39.90M
Interest expense———————$4.64M$4.74M$4.93M
Pre-tax income-$35.93M-$26.48M-$39.20M-$83.36M-$136.20M-$111.10M-$106.08M-$61.82M-$30.86M$54.73M
Income tax$427.00K-$314.00K-$3.80M-$12.49M$1.42M$1.64M$2.91M$3.56M$7.68M$2.72M
Net income-$36.35M-$26.16M-$35.40M-$70.88M-$137.62M-$112.75M-$108.98M-$65.38M-$38.54M$52.01M
EBITDA-$23.52M-$11.96M-$15.05M-$38.29M-$47.99M-$23.16M-$43.10M-$14.35M$26.55M$93.32M
EPS (basic)$-0.92$-0.63$-0.83$-1.53$-2.65$-2.00$-1.90$-1.12$-0.64$0.84
EPS (diluted)$-0.92$-0.63$-0.83$-1.53$-2.65$-2.00$-1.90$-1.12$-0.64$0.80
Diluted shares39.65M41.22M42.80M46.20M52.02M56.39M57.30M58.35M60.10M65.12M
Gross margin48.5%48.7%49.5%48.5%43.4%45.1%45.3%48.5%50.9%54.1%
Operating margin-23.8%-13.9%-13.2%-21.2%-24.8%-15.6%-18.5%-13.8%-6.1%5.0%
Net margin-24.2%-13.5%-14.7%-22.5%-34.2%-22.6%-19.3%-10.5%-5.5%6.5%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$54.87M$57.96M$108.34M$100.09M$407.70M$322.85M$199.60M$229.66M$358.56M$367.63M
Short-term investments$42.25M$41.69M$68.98M$32.33M$131.35M$104.88M$233.75M$94.35M$88.07M$65.06M
Receivables$12.24M$13.20M$19.67M$22.44M$36.43M$46.98M$46.73M$42.90M$42.08M$51.72M
Total current assets$125.67M$131.09M$218.31M$186.34M$616.22M$522.45M$531.08M$427.96M$558.66M$556.05M
Goodwill$12.88M$12.88M$107.91M$462.02M$462.27M$512.87M$512.87M$512.87M$512.87M$512.87M
Total assets$200.98M$212.81M$463.72M$1.01B$1.42B$1.39B$1.35B$1.20B$1.29B$1.28B
Total current liabilities$59.21M$68.07M$73.68M$132.97M$145.83M$168.36M$192.04M$191.56M$398.90M$544.09M
Total liabilities$100.75M$106.19M$304.82M$630.02M$773.34M$814.75M$930.70M$752.95M$777.00M$614.47M
Shareholders' equity$100.23M$106.62M$158.90M$379.41M$643.36M$570.30M$419.02M$448.48M$517.80M$661.81M

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$3.39M$9.47M$4.59M$567.00K-$2.94M$31.09M$36.56M$70.29M$135.75M$201.46M
Capital expenditures$14.35M$12.31M$13.29M$13.86M$23.71M$19.75M$11.14M$5.67M$6.69M$6.81M
Free cash flow-$10.96M-$2.84M-$8.69M-$13.29M-$26.65M$11.34M$25.41M$64.62M$129.06M$194.65M
Investing cash flow-$16.51M-$16.94M-$171.29M-$483.25M-$124.16M-$65.13M-$165.56M$113.27M-$21.08M-$4.03M
Financing cash flow$944.00K$11.56M$216.58M$476.09M$434.68M-$51.16M$5.88M-$152.01M$13.32M-$188.97M
Share buybacks———————$0$0$5.00M
Stock-based compensation$12.64M$20.94M$29.55M$40.51M$50.68M$55.90M$65.16M$79.19M$89.22M$86.95M
Depreciation & amortization$12.20M$14.95M$16.80M$28.46M$51.84M$54.83M$61.66M$71.71M$68.81M$53.42M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.