Q2 Holdings, Inc. (QTWO)

Q2 Holdings Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	4.88	-38.54	-65.38	-108.98	-112.75	-137.62
Depreciation & Amortization	38.92	46.81	48.31	38.96	32.83	29.7
Other Amortization	52.64	51.1	51.35	48.69	74.36	68.37
Loss (Gain) From Sale of Assets	-	-	-	-	0.39	0.15
Asset Writedown & Restructuring Costs	1.67	1.67	4.08	11.67	2.01	-
Loss (Gain) From Sale of Investments	-1.67	-1.27	-3.19	-0.3	1.12	0.35
Stock-Based Compensation	87.59	89.22	79.19	65.16	55.9	50.68
Provision & Write-off of Bad Debts	-	-	-	-	0.01	0.31
Other Operating Activities	-0.98	1.62	-18.37	1.86	1.69	12.06
Change in Accounts Receivable	-0.2	4.94	7.78	-0.82	-14.24	-18.28
Change in Accounts Payable	-8.81	-9.79	9.35	-0.55	1.76	-2.3
Change in Unearned Revenue	46.03	28.92	-3.09	10.21	15.74	20.35
Change in Other Net Operating Assets	-41.62	-38.91	-39.73	-29.34	-27.74	-26.71
Operating Cash Flow	178.46	135.75	70.29	36.56	31.09	-2.94
Operating Cash Flow Growth	73.60%	93.12%	92.29%	17.57%	-	-
Capital Expenditures	-5.93	-6.69	-5.67	-11.14	-19.75	-23.72
Cash Acquisitions	-	-	-	-5.04	-64.65	-
Sale (Purchase) of Intangibles	-21.05	-22.34	-24.97	-18.91	-5.87	-0.95
Investment in Securities	-47.77	7.95	143.91	-130.46	25.14	-99.5
Investing Cash Flow	-74.75	-21.08	113.27	-165.56	-65.13	-124.16
Long-Term Debt Issued	-	-	-	-	-	132.59
Long-Term Debt Repaid	-	-	-160.55	-	-63.69	-
Net Debt Issued (Repaid)	-	-	-160.55	-	-63.69	132.59
Issuance of Common Stock	7.03	14.26	8.4	5.88	5.89	324.64
Other Financing Activities	-0.94	-0.94	0.14	-	6.64	-22.55
Financing Cash Flow	6.09	13.32	-152.01	5.88	-51.16	434.68
Foreign Exchange Rate Adjustments	-0.12	-0.83	0.18	-0.8	-0.17	0.05
Net Cash Flow	109.68	127.16	31.73	-123.92	-85.36	307.62
Free Cash Flow	172.53	129.06	64.62	25.41	11.34	-26.65
Free Cash Flow Growth	76.84%	99.72%	154.27%	124.15%	-	-
Free Cash Flow Margin	23.22%	18.53%	10.35%	4.49%	2.27%	-6.62%
Free Cash Flow Per Share	2.75	2.15	1.11	0.44	0.20	-0.51
Cash Interest Paid	2.68	2.68	2.65	2.89	-	4.1
Cash Income Tax Paid	5.88	5.88	2.62	0.88	-	0.57
Levered Free Cash Flow	182.33	140.71	97.6	67.39	71.92	43.73
Unlevered Free Cash Flow	180.47	138.65	95.49	64.67	63.79	38.02
Change in Working Capital	-4.6	-14.85	-25.69	-20.49	-24.48	-26.94

Updated Jul 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q