Q2 Holdings, Inc. (QTWO)
NYSE: QTWO · Real-Time Price · USD
63.98
+1.53 (2.45%)
Aug 4, 2026, 4:00 PM EDT - Market closed

Q2 Holdings Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
846.2794.81696.46624.62565.67498.72
Revenue Growth
13.90%14.12%11.50%10.42%13.43%23.83%
Gross Profit
482.24429.68354.48302.65256.35225.04
Operating Income
84.939.9-42.26-86.06-104.76-78
Net Income
91.9952.01-38.54-65.38-108.98-112.75
Earnings Per Share
1.400.80-0.64-1.12-1.90-2.00
EPS Growth
2700.00%-----

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Subscription
698.55648.6553.61475.95412.04361.09
Transactional
71.0270.6468.4965.4267.3768.83
Services and Other
76.6375.5774.3783.2686.2668.8
Revenue (Total)
846.2794.81696.46624.62565.67498.72

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
99.92367.63358.56229.66199.6322.85
Total Debt
40.93346.12563.88546.49731.09621.97
Net Cash (Debt)
58.9821.52-205.32-316.83-531.49-299.13
Net Cash Growth
------
Net Cash Per Share
0.870.33-3.42-5.43-9.28-5.30

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
226.26201.46135.7570.2936.5631.09
Capital Expenditures
-13.02-6.81-6.69-5.67-11.14-19.75
Free Cash Flow
213.25194.65129.0664.6225.4111.34
Free Cash Flow Growth
23.60%50.82%99.72%154.27%124.15%-

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
56.99%54.06%50.90%48.45%45.32%45.12%
Operating Margin
10.03%5.02%-6.07%-13.78%-18.52%-15.64%
Pretax Margin
11.52%6.89%-4.43%-9.90%-18.75%-22.28%
Profit Margin
11.52%6.54%-5.53%-10.47%-18.24%-21.95%
FCF Margin
25.20%24.49%18.53%10.35%4.49%2.27%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
45.1290.20----
Forward PE
21.5927.4050.4838.2355.60248.64
P/FCF Ratio
18.7123.2647.3639.6661.04398.87
PS Ratio
4.715.708.784.102.749.07