Q2 Holdings, Inc. (QTWO)

Q2 Holdings Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	696.46	624.62	565.67	498.72	402.75
Revenue Growth (YoY)	11.50%	10.42%	13.43%	23.83%	27.66%
Cost of Revenue	341.98	321.97	309.33	273.69	227.22
Gross Profit	354.48	302.65	256.35	225.04	175.53
Selling, General & Admin	236.52	230.68	211.58	165.49	145.44
Research & Development	143.24	137.33	130.1	116.95	97.38
Operating Expenses	396.74	388.68	359.93	300.34	260.71
Operating Income	-42.26	-86.03	-103.59	-75.31	-85.18
Interest Expense	-	-	-	-31.57	-28.13
Interest & Investment Income	-	-	-	0.68	1.21
Other Non Operating Income (Expenses)	10.13	1.17	-2.32	-	-
EBT Excluding Unusual Items	-32.13	-84.86	-105.9	-106.19	-112.1
Merger & Restructuring Charges	-	-0.02	-1.18	-2.69	-1.41
Gain (Loss) on Sale of Investments	1.27	3.19	0.3	-1.12	-0.37
Gain (Loss) on Sale of Assets	-	-	-	-0.39	-0.15
Other Unusual Items	-	19.87	0.7	-0.71	-22.18
Pretax Income	-30.86	-61.82	-106.08	-111.1	-136.2
Income Tax Expense	7.68	3.56	2.91	1.64	1.42
Net Income	-38.54	-65.38	-108.98	-112.75	-137.62
Net Income to Common	-38.54	-65.38	-108.98	-112.75	-137.62
Shares Outstanding (Basic)	60	58	57	56	52
Shares Outstanding (Diluted)	60	58	57	56	52
Shares Change (YoY)	3.00%	1.84%	1.61%	8.41%	12.60%
EPS (Basic)	-0.64	-1.12	-1.90	-2.00	-2.65
EPS (Diluted)	-0.64	-1.12	-1.90	-2.00	-2.65
Free Cash Flow	129.06	64.62	25.41	11.34	-26.65
Free Cash Flow Per Share	2.15	1.11	0.44	0.20	-0.51
Gross Margin	50.90%	48.45%	45.32%	45.12%	43.58%
Operating Margin	-6.07%	-13.77%	-18.31%	-15.10%	-21.15%
Profit Margin	-5.53%	-10.47%	-19.27%	-22.61%	-34.17%
Free Cash Flow Margin	18.53%	10.35%	4.49%	2.27%	-6.62%
EBITDA	4.55	-37.73	-64.63	-42.47	-55.48
EBITDA Margin	0.65%	-6.04%	-11.43%	-8.52%	-13.78%
D&A For EBITDA	46.81	48.31	38.96	32.83	29.7
EBIT	-42.26	-86.03	-103.59	-75.31	-85.18
EBIT Margin	-6.07%	-13.77%	-18.31%	-15.10%	-21.15%
Advertising Expenses	4.3	4.3	4.4	2.7	0.7

Updated Feb 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q