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Q2 Holdings, Inc.(QTWO)Earnings, Financials & Key Ratios
QTWO•NYSE
$49.34
$3.09B mkt cap·61.7× P/E·Price updated May 6, 2026
AboutQ2 Holdings, Inc. provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. The company offers Q2 Consumer Banking, a browser-based digital banking solution and comprehensive financial institution branded digital banking capabilities; Q2 Small Business and Commercial, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture. It also provides Q2 Sentinel, a security analytics solution; Q2 Patrol, an event-driven validation product; Q2 SMART, a targeting and messaging platform; and Q2 CardSwap that allows account holders receiving newly issued cards to automatically change their payment information. In addition, the company offers Q2 Gro, a digital account opening, and digital sales and marketing platform; Q2 Biller Direct, a bill payment solution; ClickSWITCH allows financial institutions to direct deposits to the end user. Centrix Dispute Tracking System, an electronic transaction dispute management solution; Centrix Payments I.Q. System, an ACH file monitoring and risk reporting solution; Centrix Exact/Transaction Management System, a fraud prevention tool; and Q2 Caliper Software Development Kit. Futher, it provides Q2 Contextual PFM, which allows end users to add external accounts and view them together with internal accounts on digital banking home page; Q2 Goals that enables end users to establish and save towards specific savings goals; Q2 Cloud Lending, a digital lending and leasing platform; PrecisionLender platform, a cloud-based, data-driven sales enablement, pricing, and portfolio management solution; and Q2 BaaS, a portfolio of open API financial services. The company was formerly known as CBG Holdings, Inc. and changed its name to Q2 Holdings, Inc. in March 2013. Q2 Holdings, Inc. was founded in 2004 and is headquartered in Austin, Texas.Show more
- Revenue$795M+14.1%
- EBITDA$115M+333.4%
- Net Income$52M+235.0%
- EPS (Diluted)0.80+225.0%
- Gross Margin54.05%+6.2%
- EBITDA Margin14.48%+279.8%
- Operating Margin5.74%+194.6%
- Net Margin6.54%+218.3%
- ROE8.82%+210.6%
- ROIC5.1%+218.2%
- Debt/Equity0.52-50.1%
- Interest Coverage8.44+260.8%
QTWO Key Insights
Q2 Holdings, Inc. (QTWO) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 7/9
- ✓FCF machine: 24.5% free cash flow margin
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 14.6%
✗Weaknesses
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
QTWO Price & Volume
Q2 Holdings, Inc. (QTWO) stock price & volume — 10-year historical chart
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QTWO Growth Metrics
Q2 Holdings, Inc. (QTWO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years21.99%
5 Years14.56%
3 Years12%
TTM14%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM470.58%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM422.3%
Return on Capital
10 Years-9.36%
5 Years-4.37%
3 Years-2.26%
Last Year5.61%
QTWO Recent Earnings
Q2 Holdings, Inc. (QTWO) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 29, 2026EPS
$0.63
Est $0.71
-11.3%
Revenue
$217M
Est $214M
+1.0%
Q1 2026
Feb 11, 2026EPS
$0.61
Est $0.59
+3.4%
Revenue
$208M
Est $205M
+1.7%
Q4 2025
Nov 5, 2025EPS
$0.57
Est $0.55
+3.6%
Revenue
$202M
Est $205M
-1.5%
Q3 2025
Jul 30, 2025EPS
$0.50
Est $0.51
-2.0%
Revenue
$195M
Est $198M
-1.4%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $0.63vs $0.71-11.3% | $217Mvs $214M+1.0% |
| Q1 2026 | Feb 11, 2026 | $0.61vs $0.59+3.4% | $208Mvs $205M+1.7% |
| Q4 2025 | Nov 5, 2025 | $0.57vs $0.55+3.6% | $202Mvs $205M-1.5% |
| Q3 2025 | Jul 30, 2025 | $0.50vs $0.51-2.0% | $195Mvs $198M-1.4% |
Based on last 12 quarters of dataView full earnings history →
QTWO Peer Comparison
Q2 Holdings, Inc. (QTWO) competitors in Financial services and insurance software — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 NCNO | 2.07B | 17.44 | -52.85 | 13.45% | -3.71% | -2.07% | 0.22 | |
 IBCP | 696.01M | 33.81 | 10.34 | -0.3% | 14.2% | 0.23 | ||
 ALKT | 1.79B | 16.75 | -36.41 | 32.89% | -10.55% | -13.96% | 0.98 | |
 JKHY | 10.34B | 142.88 | 22.90 | 7.21% | 20.59% | 23.75% | ||
 FIS | 23.81B | 45.97 | 61.29 | 5.43% | 3.51% | 2.75% | 0.29 | |
 FISV | 30.01B | 56.11 | 8.85 | 3.6% | 15.17% | 12.43% | 1.13 | |
 EVTC | 1.74B | 28.16 | 12.80 | 10.21% | 9.6% | 11.07% | 1.58 | |
 AMSF | 556.33M | 29.60 | 11.98 | 2.63% | 14.27% | 9.68% | 0.00 |
Compare QTWO vs Peers
Q2 Holdings, Inc. (QTWO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
QTWO Income Statement
Q2 Holdings, Inc. (QTWO) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 193.98M | 241.1M | 315.48M | 402.75M | 498.72M | 565.67M | 624.62M | 696.46M | 794.81M | 821.58M |
| Revenue Growth % | 29.13% | 24.29% | 30.85% | 27.66% | 23.83% | 13.43% | 10.42% | 11.5% | 14.12% | 14% |
| Cost of Goods Sold | 99.48M | 121.86M | 162.49M | 228.15M | 273.69M | 309.33M | 321.97M | 341.98M | 365.22M | 364.97M |
| COGS % of Revenue | 51.29% | 50.54% | 51.5% | 56.65% | 54.88% | 54.68% | 51.55% | 49.1% | 45.95% | - |
| Gross Profit | 94.49M▲ 0% | 119.25M▲ 26.2% | 153M▲ 28.3% | 174.6M▲ 14.1% | 225.03M▲ 28.9% | 256.35M▲ 13.9% | 302.65M▲ 18.1% | 354.48M▲ 17.1% | 429.59M▲ 21.2% | 456.61M▲ 0% |
| Gross Margin % | 48.71% | 49.46% | 48.5% | 43.35% | 45.12% | 45.32% | 48.45% | 50.9% | 54.05% | 55.58% |
| Gross Profit Growth % | 29.81% | 26.19% | 28.31% | 14.12% | 28.89% | 13.91% | 18.06% | 17.13% | 21.19% | - |
| Operating Expenses | 120.17M | 146.95M | 203.72M | 274.43M | 303.03M | 361.11M | 388.71M | 396.74M | 383.95M | 389.33M |
| OpEx % of Revenue | 61.95% | 60.95% | 64.57% | 68.14% | 60.76% | 63.84% | 62.23% | 56.97% | 48.31% | - |
| Selling, General & Admin | 78.35M | 93.77M | 121.11M | 145.44M | 163.48M | 198.38M | 219.71M | 228.89M | 231.37M | 230.43M |
| SG&A % of Revenue | 40.39% | 38.89% | 38.39% | 36.11% | 32.78% | 35.07% | 35.17% | 32.87% | 29.11% | - |
| Research & Development | 40.34M | 51.33M | 76.27M | 97.38M | 116.95M | 130.1M | 137.33M | 143.24M | 154.33M | 158.36M |
| R&D % of Revenue | 20.8% | 21.29% | 24.18% | 24.18% | 23.45% | 23% | 21.99% | 20.57% | 19.42% | - |
| Other Operating Expenses | 429K | -7.35M | 6.34M | 31.61M | 22.6M | 32.63M | 31.67M | 24.61M | 0 | 542K |
| Operating Income | -26.91M▲ 0% | -31.85M▼ 18.4% | -50.72M▼ 59.2% | -99.83M▼ 96.8% | -78M▲ 21.9% | -104.76M▼ 34.3% | -86.06M▲ 17.9% | -42.26M▲ 50.9% | 45.64M▲ 208.0% | 67.28M▲ 0% |
| Operating Margin % | -13.87% | -13.21% | -16.08% | -24.79% | -15.64% | -18.52% | -13.78% | -6.07% | 5.74% | 8.19% |
| Operating Income Growth % | 24.67% | -18.37% | -59.24% | -96.84% | 21.87% | -34.32% | 17.85% | 50.89% | 207.99% | - |
| EBITDA | -12.63M | -11.11M | -14.56M | -47.99M | -23.16M | -43.1M | -950K | 26.55M | 115.06M | 114.99M |
| EBITDA Margin % | -6.51% | -4.61% | -4.62% | -11.92% | -4.64% | -7.62% | -0.15% | 3.81% | 14.48% | 14% |
| EBITDA Growth % | 46.32% | 12.04% | -31.12% | -229.58% | 51.74% | -86.09% | 97.8% | 2894.32% | 333.45% | 176.93% |
| D&A (Non-Cash Add-back) | 14.28M | 20.74M | 36.16M | 51.84M | 54.83M | 61.66M | 85.11M | 68.81M | 69.42M | 47.71M |
| EBIT | -26.35M | -29.04M | -63.07M | -107.56M | -78.03M | -99.4M | -56.09M | -25.92M | 45.64M | 77.77M |
| Net Interest Income | 429K | -7.35M | -16.62M | -27.44M | -31.59M | -1.31M | 4.37M | 11.4M | 14.83M | 13.84M |
| Interest Income | 553K | 2.81M | 3.67M | 1.21M | 1.48M | 5.36M | 10.1M | 16.34M | 20.24M | 18.92M |
| Interest Expense | 124K | 10.16M | 20.29M | 28.65M | 33.07M | 6.68M | 5.73M | 4.94M | 5.41M | 5.08M |
| Other Income/Expense | 429K | -7.35M | -32.65M | -36.37M | -33.11M | -1.31M | 24.23M | 11.4M | 9.09M | 11.96M |
| Pretax Income | -26.48M▲ 0% | -39.2M▼ 48.0% | -83.36M▼ 112.7% | -136.2M▼ 63.4% | -111.1M▲ 18.4% | -106.08M▲ 4.5% | -61.82M▲ 41.7% | -30.86M▲ 50.1% | 54.73M▲ 277.3% | 79.24M▲ 0% |
| Pretax Margin % | -13.65% | -16.26% | -26.42% | -33.82% | -22.28% | -18.75% | -9.9% | -4.43% | 6.89% | 9.64% |
| Income Tax | -314K | -3.8M | -12.49M | 1.42M | 1.64M | 2.91M | 3.56M | 7.68M | 2.72M | 5.34M |
| Effective Tax Rate % | 1.19% | 9.7% | 14.98% | -1.04% | -1.48% | -2.74% | -5.76% | -24.87% | 4.96% | 6.74% |
| Net Income | -26.16M▲ 0% | -35.4M▼ 35.3% | -70.88M▼ 100.2% | -137.62M▼ 94.2% | -112.75M▲ 18.1% | -108.98M▲ 3.3% | -65.38M▲ 40.0% | -38.54M▲ 41.1% | 52.01M▲ 235.0% | 73.89M▲ 0% |
| Net Margin % | -13.49% | -14.68% | -22.47% | -34.17% | -22.61% | -19.27% | -10.47% | -5.53% | 6.54% | 8.99% |
| Net Income Growth % | 28.03% | -35.29% | -100.23% | -94.17% | 18.07% | 3.34% | 40.01% | 41.06% | 234.96% | 470.58% |
| Net Income (Continuing) | -26.16M | -35.4M | -70.88M | -137.62M | -112.75M | -108.98M | -65.38M | -38.54M | 52.01M | 73.89M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.63▲ 0% | -0.83▼ 31.7% | -1.53▼ 84.3% | -2.65▼ 73.2% | -2.00▲ 24.5% | -1.90▲ 5.0% | -1.12▲ 41.1% | -0.64▲ 42.9% | 0.80▲ 225.0% | 1.09▲ 0% |
| EPS Growth % | 31.52% | -31.75% | -84.34% | -73.2% | 24.53% | 5% | 41.05% | 42.86% | 225% | 422.3% |
| EPS (Basic) | -0.63 | -0.83 | -1.53 | -2.65 | -2.00 | -1.90 | -1.12 | -0.64 | 0.84 | - |
| Diluted Shares Outstanding | 41.22M | 42.8M | 46.2M | 52.02M | 56.39M | 57.3M | 58.35M | 60.1M | 65.12M | 67.65M |
| Basic Shares Outstanding | 41.22M | 42.8M | 46.2M | 52.02M | 56.39M | 57.3M | 58.35M | 60.1M | 62.16M | 62.34M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
QTWO Balance Sheet
Q2 Holdings, Inc. (QTWO) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 131.09M | 218.31M | 186.34M | 616.22M | 522.45M | 531.08M | 427.96M | 558.66M | 556.05M | 524.57M |
| Cash & Short-Term Investments | 99.65M | 177.32M | 132.42M | 539.05M | 427.73M | 433.35M | 324.01M | 446.63M | 367.63M | 342.33M |
| Cash Only | 57.96M | 108.34M | 100.09M | 407.7M | 322.85M | 199.6M | 229.66M | 358.56M | 367.63M | 342.33M |
| Short-Term Investments | 41.69M | 68.98M | 32.33M | 131.35M | 104.88M | 233.75M | 94.35M | 88.07M | 0 | 0 |
| Accounts Receivable | 13.2M | 20.27M | 23.31M | 37.52M | 48.82M | 55.64M | 52.09M | 49.97M | 74.42M | 96.69M |
| Days Sales Outstanding | 24.84 | 30.68 | 26.97 | 34 | 35.73 | 35.9 | 30.44 | 26.19 | 34.17 | 35.05 |
| Inventory | 15.12M | 16.74M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | 55.48 | 50.15 | - | - | - | - | - | - | - | - |
| Other Current Assets | 15.12M | 16.74M | 24.25M | 30.78M | 35.37M | 42.08M | 51.86M | 62.06M | 114.01M | 85.55M |
| Total Non-Current Assets | 81.73M | 245.41M | 823.1M | 800.49M | 862.6M | 818.65M | 773.46M | 736.13M | 720.23M | 721.77M |
| Property, Plant & Equipment | 34.54M | 34.99M | 74.64M | 84.27M | 118.89M | 96.53M | 76.63M | 61.93M | 54.97M | 53.7M |
| Fixed Asset Turnover | 5.62x | 6.89x | 4.23x | 4.78x | 4.19x | 5.86x | 8.15x | 11.25x | 14.46x | 15.04x |
| Goodwill | 12.88M | 107.91M | 462.02M | 462.27M | 512.87M | 512.87M | 512.87M | 512.87M | 512.87M | 512.87M |
| Intangible Assets | 12.03M | 63.3M | 223.86M | 184.86M | 162.46M | 145.68M | 121.57M | 94.63M | 78.38M | 75.78M |
| Long-Term Investments | 0 | 10.27M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 22.27M | 39.21M | 62.58M | 69.09M | 68.38M | 63.57M | 62.39M | 66.7M | 74.01M | 293.85M |
| Total Assets | 212.81M▲ 0% | 463.72M▲ 117.9% | 1.01B▲ 117.7% | 1.42B▲ 40.3% | 1.39B▼ 2.2% | 1.35B▼ 2.6% | 1.2B▼ 11.0% | 1.29B▲ 7.8% | 1.28B▼ 1.4% | 1.25B▲ 0% |
| Asset Turnover | 0.91x | 0.52x | 0.31x | 0.28x | 0.36x | 0.42x | 0.52x | 0.54x | 0.62x | 0.62x |
| Asset Growth % | 5.89% | 117.9% | 117.68% | 40.35% | -2.23% | -2.55% | -10.99% | 7.77% | -1.43% | 13.91% |
| Total Current Liabilities | 68.07M | 73.68M | 132.97M | 145.83M | 168.36M | 192.04M | 191.56M | 398.9M | 544.09M | 562.49M |
| Accounts Payable | 7.62M | 9.17M | 10.97M | 7.89M | 10.6M | 10.05M | 19.35M | 9.35M | 20.47M | 0 |
| Days Payables Outstanding | 27.96 | 27.46 | 24.64 | 12.62 | 14.13 | 11.86 | 21.94 | 9.98 | 20.46 | 3.57 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 10.9M | 0 | 190.33M | 312.28M | 312.31M |
| Deferred Revenue (Current) | 38.38M | 42.53M | 57.85M | 81.94M | 98.69M | 117.47M | 118.72M | 137.7M | 155M | 701.49M |
| Other Current Liabilities | 9.14M | 7.95M | 38.67M | 26.72M | 31.73M | 23.46M | 26.58M | 32.95M | 56.33M | 53.42M |
| Current Ratio | 1.93x | 2.96x | 1.40x | 4.23x | 3.10x | 2.77x | 2.23x | 1.40x | 1.02x | 1.02x |
| Quick Ratio | 1.70x | 2.74x | 1.40x | 4.23x | 3.10x | 2.77x | 2.23x | 1.40x | 1.02x | 1.02x |
| Cash Conversion Cycle | 52.37 | 53.37 | - | - | - | - | - | - | - | 31.48 |
| Total Non-Current Liabilities | 38.12M | 231.14M | 497.06M | 627.51M | 646.39M | 738.66M | 561.38M | 378.1M | 70.38M | 72.18M |
| Long-Term Debt | 0 | 182.72M | 424.78M | 557.47M | 551.6M | 657.79M | 490.46M | 302.12M | 33.83M | 31.59M |
| Capital Lease Obligations | 0 | 0 | 36.08M | 36.74M | 61.37M | 52.99M | 45.59M | 38.35M | 0 | 72.59M |
| Deferred Tax Liabilities | 0 | 8.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 9.83M | 25.35M | 3.24M | 4.1M | 4.25M | 6.19M | 7.98M | 10.36M | 36.55M | 91.59M |
| Total Liabilities | 106.19M | 304.82M | 630.02M | 773.34M | 814.75M | 930.7M | 752.95M | 777M | 614.47M | 634.67M |
| Total Debt | 0 | 182.72M | 470M | 601.05M | 621.97M | 733.34M | 548.92M | 542.99M | 346.12M | 343.9M |
| Net Debt | -57.96M | 74.38M | 369.91M | 193.35M | 299.13M | 533.74M | 319.26M | 184.43M | -21.52M | 1.57M |
| Debt / Equity | - | 1.15x | 1.24x | 0.93x | 1.09x | 1.75x | 1.22x | 1.05x | 0.52x | 0.52x |
| Debt / EBITDA | - | - | - | - | - | - | - | 20.45x | 3.01x | 2.99x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | 6.95x | -0.19x | -0.19x |
| Interest Coverage | -212.53x | -2.86x | -3.11x | -3.75x | -2.36x | -14.89x | -9.79x | -5.25x | 8.44x | 15.31x |
| Total Equity | 106.62M▲ 0% | 158.9M▲ 49.0% | 379.41M▲ 138.8% | 643.36M▲ 69.6% | 570.3M▼ 11.4% | 419.02M▼ 26.5% | 448.48M▲ 7.0% | 517.8M▲ 15.5% | 661.81M▲ 27.8% | 611.68M▲ 0% |
| Equity Growth % | 6.37% | 49.03% | 138.77% | 69.57% | -11.36% | -26.53% | 7.03% | 15.46% | 27.81% | 87.33% |
| Book Value per Share | 2.59 | 3.71 | 8.21 | 12.37 | 10.11 | 7.31 | 7.69 | 8.61 | 10.16 | 9.04 |
| Total Shareholders' Equity | 106.62M | 158.9M | 379.41M | 643.36M | 570.3M | 419.02M | 448.48M | 517.8M | 661.81M | 611.68M |
| Common Stock | 4K | 4K | 5K | 6K | 6K | 6K | 6K | 6K | 6K | 6K |
| Retained Earnings | -152.11M | -172.42M | -243.3M | -381.19M | -493.93M | -560.31M | -625.69M | -664.23M | -612.22M | -585.58M |
| Treasury Stock | -855K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -139K | -37K | 14K | -32K | -135K | -2.97M | -1.11M | -1.87M | -1.95M | -2.63M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
QTWO Cash Flow Statement
Q2 Holdings, Inc. (QTWO) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 9.47M | 4.59M | 567K | -2.89M | 31.09M | 36.56M | 70.29M | 135.75M | 201.46M | 201.46M |
| Operating CF Margin % | 4.88% | 1.91% | 0.18% | -0.72% | 6.23% | 6.46% | 11.25% | 19.49% | 25.35% | - |
| Operating CF Growth % | 179.08% | -51.49% | -87.66% | -609.7% | 1175.85% | 17.57% | 92.29% | 93.12% | 48.4% | 117.81% |
| Net Income | -26.16M | -35.4M | -70.88M | -137.62M | -112.75M | -108.98M | -65.38M | -38.54M | 52.01M | 73.89M |
| Depreciation & Amortization | 14.95M | 16.8M | 28.46M | 51.84M | 54.83M | 61.66M | 71.71M | 68.81M | 69.42M | 33.87M |
| Stock-Based Compensation | 20.94M | 29.55M | 40.51M | 50.68M | 55.9M | 65.16M | 79.19M | 89.22M | 0 | 86.2M |
| Deferred Taxes | -350K | -2.05M | -12.77M | 946K | 180K | 1.61M | 636K | 2.11M | 1.24M | 3.62M |
| Other Non-Cash Items | 7.83M | 17.47M | 31.37M | 58.15M | 57.4M | 37.61M | 9.83M | 29M | 102.7M | 49.99M |
| Working Capital Changes | -7.73M | -21.78M | -16.11M | -26.89M | -24.48M | -20.49M | -25.69M | -14.85M | -23.91M | -33.33M |
| Change in Receivables | -961K | -4.68M | -4.82M | -18.28M | -14.24M | -815K | 7.78M | 4.94M | -15.26M | -15.87M |
| Change in Inventory | -4.37M | -4.38M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 3.37M | -263K | 1.13M | -2.3M | 1.76M | -548K | 9.35M | -9.79M | 8.58M | -4.7M |
| Cash from Investing | -17.94M | -171.29M | -483.25M | -124.16M | -65.13M | -165.56M | 113.27M | -21.08M | -4.03M | 31.85M |
| Capital Expenditures | -13.29M | -13.33M | -13.86M | -23.71M | -19.75M | -11.14M | -5.67M | -6.69M | -6.81M | -12.62M |
| CapEx % of Revenue | 6.85% | 5.53% | 4.39% | 5.89% | 3.96% | 1.97% | 0.91% | 0.96% | 0.86% | - |
| Acquisitions | -3.82M | -130.69M | -505.58M | 0 | -64.65M | -5.04M | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -1M | -27.31M | -465K | -952K | -5.87M | -18.91M | -24.97M | -22.34M | -21.28M | -21.88M |
| Cash from Financing | 11.56M | 216.58M | 476.09M | 434.68M | -51.16M | 5.88M | -152.01M | 13.32M | -188.97M | -286.67M |
| Debt Issued (Net) | 0 | 223.17M | 307.02M | 132.59M | -63.69M | 0 | -160.55M | 0 | -191M | 0 |
| Equity Issued (Net) | 0 | 0 | 390.58M | 622.64M | 0 | 0 | 8.4M | 14.26M | 2.03M | -90.67M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5M | -97.15M |
| Other Financing | 11.56M | -6.59M | -221.5M | -320.56M | 12.53M | 5.88M | 139K | -942K | 0 | -196M |
| Net Change in Cash | 3.09M▲ 0% | 49.88M▲ 1515.3% | -6.59M▼ 113.2% | 307.62M▲ 4765.2% | -85.36M▼ 127.7% | -123.92M▼ 45.2% | 31.73M▲ 125.6% | 127.16M▲ 300.8% | 8.51M▼ 93.3% | -41.09M▲ 0% |
| Free Cash Flow | -3.81M▲ 0% | -8.74M▼ 129.1% | -13.76M▼ 57.5% | -27.56M▼ 100.3% | 5.47M▲ 119.9% | 6.5M▲ 18.8% | 39.65M▲ 509.6% | 129.06M▲ 225.5% | 194.65M▲ 50.8% | 195.81M▲ 0% |
| FCF Margin % | -1.97% | -3.62% | -4.36% | -6.84% | 1.1% | 1.15% | 6.35% | 18.53% | 24.49% | 23.83% |
| FCF Growth % | 72.71% | -129.11% | -57.49% | -100.3% | 119.86% | 18.84% | 509.61% | 225.5% | 50.82% | 41.35% |
| FCF per Share | -0.09 | -0.20 | -0.30 | -0.53 | 0.10 | 0.11 | 0.68 | 2.15 | 2.99 | 2.99 |
| FCF Conversion (FCF/Net Income) | -0.36x | -0.13x | -0.01x | 0.02x | -0.28x | -0.34x | -1.08x | -3.52x | 3.87x | 2.65x |
| Interest Paid | 68K | 810K | 2.85M | 4.1M | 3.1M | 2.89M | 0 | 2.68M | 0 | 0 |
| Taxes Paid | 128K | 250K | 322K | 566K | 1.03M | 875K | 2.62M | 5.88M | 0 | 0 |
QTWO Key Ratios
Q2 Holdings, Inc. (QTWO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -25.3% | -26.66% | -26.33% | -26.91% | -18.58% | -22.03% | -15.07% | -7.98% | 8.82% | 11.92% |
| Return on Invested Capital (ROIC) | -42.93% | -16.94% | -7.74% | -9.44% | -6.86% | -8.62% | -7.5% | -4.31% | 5.1% | 5.1% |
| Gross Margin | 48.71% | 49.46% | 48.5% | 43.35% | 45.12% | 45.32% | 48.45% | 50.9% | 54.05% | 55.58% |
| Net Margin | -13.49% | -14.68% | -22.47% | -34.17% | -22.61% | -19.27% | -10.47% | -5.53% | 6.54% | 8.99% |
| Debt / Equity | - | 1.15x | 1.24x | 0.93x | 1.09x | 1.75x | 1.22x | 1.05x | 0.52x | 0.52x |
| Interest Coverage | -212.53x | -2.86x | -3.11x | -3.75x | -2.36x | -14.89x | -9.79x | -5.25x | 8.44x | 15.31x |
| FCF Conversion | -0.36x | -0.13x | -0.01x | 0.02x | -0.28x | -0.34x | -1.08x | -3.52x | 3.87x | 2.65x |
| Revenue Growth | 29.13% | 24.29% | 30.85% | 27.66% | 23.83% | 13.43% | 10.42% | 11.5% | 14.12% | 14% |
QTWO SEC Filings & Documents
Q2 Holdings, Inc. (QTWO) SEC filings — annual & quarterly reports (10-K, 10-Q)
QTWO Frequently Asked Questions
Q2 Holdings, Inc. (QTWO) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Q2 Holdings, Inc. (QTWO) reported $821.6M in revenue for fiscal year 2025. This represents a 2945% increase from $27.0M in 2011.
Q2 Holdings, Inc. (QTWO) grew revenue by 14.1% over the past year. This is steady growth.
Yes, Q2 Holdings, Inc. (QTWO) is profitable, generating $73.9M in net income for fiscal year 2025 (6.5% net margin).
Dividend & Returns
Q2 Holdings, Inc. (QTWO) has a return on equity (ROE) of 8.8%. This is below average, suggesting room for improvement.
Q2 Holdings, Inc. (QTWO) generated $195.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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