Q2 Holdings, Inc. (QTWO)

Q2 Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	637.12	624.62	565.67	498.72	402.75	315.48
Revenue Growth (YoY)	8.98%	10.42%	13.42%	23.83%	27.66%	30.85%
Cost of Revenue	325.52	321.97	309.33	273.69	228.15	162.49
Gross Profit	311.61	302.65	256.35	225.04	174.6	153
Selling, General & Admin	222.49	219.71	198.38	163.48	143.26	120.69
Research & Development	137.77	137.33	130.1	116.95	97.38	76.27
Other Operating Expenses	30.39	31.67	32.63	22.6	33.79	22.79
Operating Expenses	390.65	388.71	361.11	303.03	274.43	219.75
Operating Income	-79.04	-86.06	-104.76	-78	-99.83	-66.75
Interest Expense / Income	5.58	5.73	6.68	33.07	28.65	20.29
Other Expense / Income	-11.01	-29.97	-5.36	0.04	7.73	-3.67
Pretax Income	-73.61	-61.82	-106.08	-111.1	-136.2	-83.36
Income Tax	5.1	3.56	2.91	1.64	1.42	-12.49
Net Income	-78.71	-65.38	-108.98	-112.75	-137.62	-70.88
Shares Outstanding (Basic)	59	58	57	56	52	46
Shares Outstanding (Diluted)	59	58	57	56	52	46
Shares Change	2.70%	1.84%	1.61%	8.41%	12.60%	7.95%
EPS (Basic)	-1.35	-1.12	-1.90	-2.00	-2.65	-1.53
EPS (Diluted)	-1.35	-1.12	-1.90	-2.00	-2.65	-1.53
Free Cash Flow	48.86	39.65	6.5	5.47	-27.61	-13.47
Free Cash Flow Per Share	0.82	0.68	0.11	0.10	-0.53	-0.29
Gross Margin	48.91%	48.45%	45.32%	45.12%	43.35%	48.50%
Operating Margin	-12.41%	-13.78%	-18.52%	-15.64%	-24.79%	-21.16%
Profit Margin	-12.35%	-10.47%	-19.27%	-22.61%	-34.17%	-22.47%
Free Cash Flow Margin	7.67%	6.35%	1.15%	1.10%	-6.85%	-4.27%
EBITDA	3.66	15.62	-37.74	-23.2	-55.72	-34.62
EBITDA Margin	0.57%	2.50%	-6.67%	-4.65%	-13.83%	-10.97%
Depreciation & Amortization	71.69	71.71	61.66	54.83	51.84	28.46
EBIT	-68.03	-56.09	-99.4	-78.03	-107.56	-63.07
EBIT Margin	-10.68%	-8.98%	-17.57%	-15.65%	-26.71%	-19.99%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).