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	231.37	228.89	219.71	198.38	163.48
Depreciation & Amortization Expenses	16.98	20.67	19.68	18.25	17.9
Research & Development	154.33	143.24	137.33	130.1	116.95
Other Operating Expenses	3.99	7.65	11.07	14.38	4.7
Total Operating Expenses	406.67	400.46	387.79	361.11	303.03
Operating Income	39.9	-42.26	-86.06	-104.76	-78
Interest Income	20.24	16.34	10.1	5.36	1.48
Interest Expense	-5.41	-4.94	-5.73	-6.68	-33.07
Other Non-Operating Income (Expense)	-	-	19.87	-	-1.51
Total Non-Operating Income (Expense)	14.83	11.4	24.24	-1.31	-33.11
Pretax Income	54.73	-30.86	-61.82	-106.08	-111.1
Provision for Income Taxes	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 Growth	50.82%	99.72%	154.27%	124.15%	-
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	5.02%	-6.07%	-13.78%	-18.52%	-15.64%
Profit Margin	6.54%	-5.53%	-10.47%	-18.24%	-21.95%
FCF Margin	24.49%	18.53%	10.35%	4.49%	2.27%
EBITDA	97.02	52.39	39.07	-19.83	1.33
EBITDA Margin	12.21%	7.52%	6.26%	-3.51%	0.27%
EBIT	39.9	-42.26	-86.06	-104.76	-78
EBIT Margin	5.02%	-6.07%	-13.78%	-18.52%	-15.64%
Effective Tax Rate	4.96%	-24.87%	-5.76%	2.74%	1.48%

Updated Feb 11, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q