Q2 Holdings, Inc. (QTWO) quarterly cash flow statement — complete operating, investing & financing history
Q2 Holdings, Inc. (QTWO) cash flow statement — 15-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 64.68M | 60.65M | 56.32M | 63.7M | 45.59M | 48.64M | 43.53M | 43.03M | 43.25M | 36.03M | 13.44M | 36.58M | 16.75M | 13.07M | 3.89M | 44.8M | 6.51M | -9.32M | -4.5M | 39.31M |
| Operating CF Margin % | 28.65% | 27.6% | 26.01% | 30.59% | 22.6% | 24.93% | 22.94% | 23.51% | 24.71% | 20.84% | 8.12% | 22.56% | 10.81% | 8.46% | 2.54% | 30.57% | 4.5% | -6.64% | -3.36% | 29.81% |
| Operating CF Growth % | 41.87% | 24.7% | 29.38% | 48.01% | 5.42% | 35% | 223.99% | 17.66% | 158.16% | 175.71% | 245.04% | -18.36% | 157.22% | 240.24% | 186.49% | 13.97% | 145.24% | -181.12% | 17.82% | 105.94% |
| Net Income | 33.22M | 29.86M | 26.64M | 20.44M | 15.05M | 11.76M | 4.75M | 164K | -11.8M | -13.06M | -13.84M | -18.08M | -23.17M | -23.62M | -516K | -32.41M | -27.79M | -25.22M | -23.56M | -25.38M |
| Depreciation & Amortization | 12.47M | 12.06M | 11.74M | 12.54M | 13.61M | 11K | 13.72M | 15.99M | 17.65M | 17.64M | 17.52M | 17.94M | 18.29M | 17.93M | 17.54M | 19.22M | 15.29M | 15.03M | 14.92M | 14.25M |
| Stock-Based Compensation | 19.98M | 20.56M | 20.27M | 20.18M | 23.26M | 22.5M | 21.01M | 19.76M | 24.32M | 24.33M | 20.8M | 19.37M | 21.11M | 20.62M | 18.09M | 0 | 17.78M | 18.57M | 14.86M | 14.11M |
| Deferred Taxes | -1.25M | -373K | 343K | 2.13M | 406K | 739K | -2.04M | 32K | 1.13M | 1.21M | -269K | 756K | 436K | -30K | -526K | 668K | 86K | -18K | 875K | 128K |
| Other Non-Cash Items | 7.91M | 38.45M | 8.33M | 8.44M | 8.35M | 20.84M | 7.67M | 7.26M | 7.59M | 7.22M | 6.94M | 6.96M | 8.37M | 6.66M | -12.15M | 23M | 11.84M | 6.9M | 7.02M | 14.28M |
| Working Capital Changes | -7.65M | -39.9M | -11M | -34K | -15.08M | -7.21M | -1.58M | -166K | 4.35M | -1.32M | -17.72M | 9.63M | -8.28M | -8.49M | -18.55M | 34.33M | -10.7M | -24.57M | -18.61M | 21.93M |
| Change in Receivables | -23.6M | 3.74M | -22.57M | 13.93M | -9.02M | 1.8M | -21.97M | 15.63M | 4.34M | -4.85M | -10.18M | 1.75M | -4.32M | 2.81M | 6.92M | 9.42M | -7.03M | -11.88M | 8.67M | 5.6M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 5.35M | 6.55M | -7.88M | 9.99M | 2.83M | -9.65M | 5.4M | -3.48M | -1.09M | 1.21M | -6.43M | 4.24M | 848K | 2.05M | 2.22M | -2.17M | -421K | -1.2M | 3.25M | 4.92M |
| Cash from Investing | -9.82M | 20.47M | 16.38M | 24.31M | 13.28M | -22.11M | -19.5M | -6.45M | -26.69M | -11.44M | 23.5M | 34.6M | 20.81M | -20.13M | 77.99M | -40.03M | -25.39M | -7.33M | -92.81M | -11.3M |
| Capital Expenditures | -2.06M | -1.7M | -6.6M | -2M | -2.72M | -1.31M | -785K | -1.44M | -2.4M | -1.45M | -1.41M | -1.1M | -1.27M | -2.26M | -7.08M | -5.46M | -3.84M | -1.23M | -3.87M | -3.69M |
| CapEx % of Revenue | 0.91% | 0.78% | 3.05% | 0.96% | 1.35% | 0.67% | 0.41% | 0.79% | 1.37% | 0.84% | 0.85% | 0.68% | 0.82% | 1.46% | 4.63% | 3.72% | 2.65% | 0.88% | 2.88% | 2.8% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.38M | -5.04M | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -7.64M | -7.96M | -5.51M | -5.11M | -5.63M | -5.63M | -4.91M | -4.75M | -5.75M | -5.83M | -6.01M | -5.65M | -6.2M | -7.08M | -6.38M | 0 | -6.18M | -5.19M | -4.29M | -1.96M |
| Cash from Financing | -38.8M | -323.31M | -97.15M | -193.19M | 0 | 3.67M | 547K | 2.81M | -942K | 3.04M | 8.4M | 4.08M | 389K | 3.84M | -160.32M | 2.63M | 451K | 2.67M | 131K | 70K |
| Debt Issued (Net) | 0 | -304M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -160.55M | 0 | 0 | 0 | 0 | 19.66M |
| Equity Issued (Net) | -38.8M | -19.31M | -97.15M | 2.81M | 0 | 3.67M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 90K | 2.63M | 0 | 0 | 0 | 70K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -38.8M | -22.93M | -97.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 0 | -196M | 0 | 0 | 547K | 2.81M | -942K | 3.04M | 8.4M | 4.08M | 389K | 3.84M | 139K | 0 | 451K | 2.67M | 131K | -19.66M |
| Net Change in Cash | 15.92M | -242.25M | -24.91M | -105.23M | 58.52M | 30.54M | 24.68M | 38.65M | 15.81M | 27.56M | 45.15M | 75.57M | 37.53M | -3M | -78.37M | -18.95M | -18.79M | -14.43M | -97.3M | 2.99M |
| Free Cash Flow | 62.62M | 58.95M | 49.72M | 56.59M | 37.25M | 52.24M | 37.83M | 36.85M | 35.1M | 28.75M | 6.02M | 29.82M | 9.28M | 3.73M | -3.19M | 42.59M | -3.5M | -15.74M | -12.66M | 33.66M |
| FCF Margin % | 27.73% | 26.82% | 22.97% | 27.18% | 18.47% | 26.77% | 19.94% | 20.13% | 20.05% | 16.63% | 3.64% | 18.4% | 5.99% | 2.41% | -2.08% | 29.07% | -2.42% | -11.22% | -9.44% | 25.52% |
| FCF Growth % | 68.1% | 12.83% | 31.43% | 53.59% | 6.13% | 81.7% | 528.33% | 23.54% | 278.06% | 671.3% | 288.92% | -29.98% | 365.26% | 123.68% | 74.82% | 26.54% | 80.2% | -1007.9% | -2% | 189.84% |
| FCF per Share | 0.99 | 0.88 | 0.74 | 0.83 | 0.53 | 0.75 | 0.58 | 0.57 | 0.58 | 0.48 | 0.10 | 0.51 | 0.16 | 0.06 | -0.06 | 0.74 | -0.06 | -0.28 | -0.22 | 0.59 |
| FCF Conversion (FCF/Net Income) | 1.95x | 2.03x | 2.11x | 3.12x | 3.03x | 4.13x | 9.16x | 262.41x | -3.67x | -2.76x | -0.97x | -2.02x | -0.72x | -0.55x | -7.55x | -1.38x | -0.23x | 0.37x | 0.19x | -1.55x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40K | 1.41M | 41K | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 215K | 301K | 121K | 0 |