Q2 Holdings, Inc. (QTWO)

Q2 Holdings Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	73.89	52.01	-38.54	-65.38	-108.98	-112.75
Depreciation & Amortization	55.93	57.12	94.66	125.13	84.93	79.33
Stock-Based Compensation	86.2	86.95	89.22	79.19	65.16	55.9
Other Adjustments	5.25	2.99	4.07	-15.38	15.95	33.08
Change in Receivables	-12.21	-9.94	0.91	4.09	0.29	-10.07
Changes in Accounts Payable	-4.7	8.58	-9.79	9.35	-0.55	1.76
Changes in Accrued Expenses	-0.57	1.85	5.97	-0.49	-9.85	0.1
Changes in Unearned Revenue	26.24	16.84	28.92	-3.09	10.21	15.74
Changes in Other Operating Activities	-42.09	-41.24	-40.85	-35.55	-20.6	-32.01
Operating Cash Flow	214.25	201.46	135.75	70.29	36.56	31.09
Operating Cash Flow Growth	29.19%	48.41%	93.12%	92.29%	17.57%	-
Capital Expenditures	-12.62	-6.81	-6.69	-5.67	-11.14	-19.75
Purchases of Intangible Assets	-21.88	-21.28	-22.34	-24.97	-18.91	-5.87
Purchases of Investments	-60.12	-94.1	-95.79	-76.87	-292.98	-124.03
Proceeds from Sale of Investments	126.48	118.17	103.74	220.78	162.52	149.18
Payments for Business Acquisitions	-	-	-	-	-5.04	-64.65
Investing Cash Flow	31.85	-4.03	-21.08	113.27	-165.56	-65.13
Long-Term Debt Repaid	-	-191	-10.91	-149.64	-	-63.69
Net Long-Term Debt Issued (Repaid)	-	-191	-10.91	-149.64	-	-63.69
Issuance of Common Stock	6.48	7.03	14.26	8.4	5.88	5.89
Repurchase of Common Stock	-97.15	-5	-	-	-	-
Net Common Stock Issued (Repurchased)	-90.67	2.03	14.26	8.4	5.88	5.89
Other Financing Activities	-0.94	-0.8	-	-	-	6.64
Financing Cash Flow	-286.67	-188.97	13.32	-152.01	5.88	-51.16
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-0.52	0.05	-0.83	0.18	-0.8	-0.17
Net Cash Flow	-41.09	8.51	127.16	31.73	-123.92	-85.36
Free Cash Flow	201.63	194.65	129.06	64.62	25.41	11.34
Free Cash Flow Growth	3.58%	50.82%	99.72%	154.27%	124.15%	-
FCF Margin	24.54%	24.49%	18.53%	10.35%	4.49%	2.27%
Free Cash Flow Per Share	2.93	2.99	2.15	1.11	0.44	0.20
Levered Free Cash Flow	96.09	-102.65	22.77	-125.35	-55.98	-131.27
Unlevered Free Cash Flow	87.51	74.26	19.44	-1.34	-48.88	-31.67

Updated Apr 29, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q