Q2 Holdings Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	794.81	696.46	624.62	565.67	498.72
Revenue Growth (YoY)	14.12%	11.50%	10.42%	13.43%	23.83%
Cost of Revenue	365.13	341.98	321.97	309.33	273.69
Gross Profit	429.68	354.48	302.65	256.35	225.04
Selling, General & Admin	233.45	236.52	230.68	211.58	165.49
Research & Development	154.33	143.24	137.33	130.1	116.95
Amortization of Goodwill & Intangibles	0.09	16.98	20.67	18.25	17.9
Operating Expenses	387.87	396.74	388.68	359.93	300.34
Operating Income	41.81	-42.26	-86.03	-103.59	-75.31
Interest Expense	-	-	-	-	-31.57
Interest & Investment Income	-	-	-	-	0.68
Other Non Operating Income (Expenses)	13.73	10.13	1.17	-2.32	-
EBT Excluding Unusual Items	55.54	-32.13	-84.86	-105.9	-106.19
Merger & Restructuring Charges	-0.17	-	-0.02	-1.18	-2.69
Gain (Loss) on Sale of Investments	1.1	1.27	3.19	0.3	-1.12
Gain (Loss) on Sale of Assets	-	-	-	-	-0.39
Legal Settlements	-1.75	-	-	-	-
Other Unusual Items	-	-	19.87	0.7	-0.71
Pretax Income	54.73	-30.86	-61.82	-106.08	-111.1
Income Tax Expense	2.72	7.68	3.56	2.91	1.64
Net Income	52.01	-38.54	-65.38	-108.98	-112.75
Net Income to Common	52.01	-38.54	-65.38	-108.98	-112.75
Shares Outstanding (Basic)	62	60	58	57	56
Shares Outstanding (Diluted)	65	60	58	57	56
Shares Change (YoY)	8.34%	3.00%	1.84%	1.61%	8.41%
EPS (Basic)	0.84	-0.64	-1.12	-1.90	-2.00
EPS (Diluted)	0.80	-0.64	-1.12	-1.90	-2.00
Free Cash Flow	194.65	129.06	64.62	25.41	11.34
Free Cash Flow Per Share	2.99	2.15	1.11	0.44	0.20
Gross Margin	54.06%	50.90%	48.45%	45.32%	45.12%
Operating Margin	5.26%	-6.07%	-13.77%	-18.31%	-15.10%
Profit Margin	6.54%	-5.53%	-10.47%	-19.27%	-22.61%
Free Cash Flow Margin	24.49%	18.53%	10.35%	4.49%	2.27%
EBITDA	74.24	4.55	-37.73	-64.63	-42.47
EBITDA Margin	9.34%	0.65%	-6.04%	-11.43%	-8.52%
D&A For EBITDA	32.42	46.81	48.31	38.96	32.83
EBIT	41.81	-42.26	-86.03	-103.59	-75.31
EBIT Margin	5.26%	-6.07%	-13.77%	-18.31%	-15.10%
Effective Tax Rate	4.96%	-	-	-	-
Advertising Expenses	4.6	4.3	4.3	4.4	2.7

Updated Feb 11, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q