QTWO
$65.96+6.01%
Q2 Holdings Inc.Stock · TechnologyRussell 2000 · 0.09% of IWMRussell 3000 · 0.004% of IWVUS Stock Market · 0.004% of VTI
QTWO financial statements
The full income statement, balance sheet, and cash-flow statement for Q2 Holdings Inc. (QTWO), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 60.3M2024-09 60.4M2024-12 60.7M2025-03 62.3M2025-06 62.4M2025-09 62.5M2025-12 62.4M2026-03 62.6M2026-06 62.4M+3.4% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 795M+14.1% | 696M+11.5% | 625M+10.4% | 566M+13.4% | 499M+23.8% | |
| 430M+21.2% | 354M+17.1% | 303M+18.1% | 256M+13.9% | 225M+28.9% | ||
| Cost of revenue | 365M+6.8% | 342M+6.2% | 322M+4.1% | 309M+13.0% | 274M+20.0% | |
| 390M-1.8% | 397M+2.1% | 389M+7.6% | 361M+19.2% | 303M+10.4% | ||
| Research & development | 154M+7.7% | 143M+4.3% | 137M+5.6% | 130M+11.2% | 117M+20.1% | |
| Selling, general & administrative | 126M+2.1% | 123M+11.6% | 110M+22.2% | 90.2M+15.7% | 77.9M+9.8% | |
| General & administrative | 126M+2.1% | 123M+11.6% | 110M+22.2% | 90.2M+15.7% | 77.9M+9.8% | |
| Selling & marketing | 106M-0.1% | 106M-3.3% | 110M+1.2% | 108M+26.5% | 85.6M+18.3% | |
| Amortization of intangibles | 93.0K-99.5% | 17.0M-17.8% | 20.7M+13.3% | 18.2M+1.9% | 17.9M+0.1% | |
| Provision for credit losses | 0.00 | 0.00-100.0% | 100K-83.3% | 600K+500.0% | 100K-90.0% | |
| Operating income | 39.9M+194.4% | -42.3M+50.9% | -86.1M+17.9% | -105M-34.3% | -78.0M+21.9% | |
| Interest expense | 4.93M+3.9% | 4.74M+2.2% | 4.64M | — | — | |
| Other non-operating income | 14.8M+30.0% | 11.4M-52.9% | 24.2M+1944.4% | -1.31M+96.0% | -33.1M+9.0% | |
| Pre-tax income | 54.7M+277.3% | -30.9M+50.1% | -61.8M+41.7% | -106M+4.5% | -111M+18.4% | |
| Income tax | 2.72M-64.6% | 7.68M+115.5% | 3.56M+22.5% | 2.91M+77.0% | 1.64M+16.0% | |
| Net income | 52.0M+235.0% | -38.5M+41.1% | -65.4M+40.0% | -109M+3.3% | -113M+18.1% | |
| $0.80+225.0% | -$0.64+42.9% | -$1.12+41.1% | -$1.90+5.0% | -$2.00+24.5% | ||
| EPS (basic) | $0.84+231.3% | -$0.64+42.9% | -$1.12+41.1% | -$1.90+5.0% | -$2.00+24.5% | |
| Weighted-avg shares (basic) | 62.2M+3.4% | 60.1M+3.0% | 58.4M+1.8% | 57.3M+1.6% | 56.4M+8.4% | |
| Weighted-avg shares (diluted) | 65.1M+8.3% | 60.1M+3.0% | 58.4M+1.8% | 57.3M+1.6% | 56.4M+8.4% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 556M-0.5% | 559M+30.5% | 428M-19.4% | 531M+1.7% | 522M-15.2% | ||
| Cash & equivalents | 368M+2.5% | 359M+56.1% | 230M+15.1% | 200M-38.2% | 323M-20.8% | |
| Short-term investments | 65.1M-26.1% | 88.1M-6.7% | 94.4M-59.6% | 234M+122.9% | 105M-20.2% | |
| Accounts receivable | 51.7M+22.9% | 42.1M-1.9% | 42.9M-8.2% | 46.7M-0.5% | 47.0M+29.0% | |
| Prepaid expenses | 28.2M+20.1% | 23.5M+102.3% | 11.6M+7.3% | 10.8M+2.9% | 10.5M+18.8% | |
| 1.28B-1.4% | 1.29B+7.8% | 1.20B-11.0% | 1.35B-2.6% | 1.39B-2.2% | ||
| Property, plant & equipment | 27.8M-11.9% | 31.5M-23.4% | 41.2M-27.4% | 56.7M-14.9% | 66.6M+34.4% | |
| Operating lease right-of-use | 27.2M-10.6% | 30.4M-14.2% | 35.5M-11.0% | 39.8M-23.8% | 52.3M+50.6% | |
| Goodwill | 513M+0.0% | 513M+0.0% | 513M+0.0% | 513M+0.0% | 513M+10.9% | |
| Intangible assets | 78.4M-17.2% | 94.6M-22.2% | 122M-16.5% | 146M-10.3% | 162M-12.1% | |
| Other non-current assets | 3.15M+16.8% | 2.70M+3.3% | 2.61M+15.5% | 2.26M-2.1% | 2.31M-4.9% | |
| 544M+36.4% | 399M+108.2% | 192M-0.2% | 192M+14.1% | 168M+15.5% | ||
| Accounts payable | 20.5M+118.9% | 9.35M-51.7% | 19.4M+92.5% | 10.1M-5.1% | 10.6M+34.4% | |
| Accrued liabilities | 24.6M+34.7% | 18.2M+10.7% | 16.5M-20.6% | 20.7M+13.1% | 18.3M-18.3% | |
| Deferred revenue | 155M+12.6% | 138M+16.0% | 119M+1.1% | 117M+19.0% | 98.7M+20.5% | |
| Current lease liability | 8.91M-13.7% | 10.3M-1.0% | 10.4M+10.9% | 9.41M+4.5% | 9.00M+31.5% | |
| 614M-20.9% | 777M+3.2% | 753M-19.1% | 931M+14.2% | 815M+5.4% | ||
| Deferred revenue (non-current) | 26.8M-1.7% | 27.3M+57.2% | 17.4M-20.0% | 21.7M-25.6% | 29.2M-0.1% | |
| Non-current lease liability | 33.8M-11.8% | 38.3M-15.9% | 45.6M-14.0% | 53.0M-13.7% | 61.4M+67.1% | |
| Operating lease liability (total) | 42.7M-12.2% | 48.7M-13.1% | 56.0M-10.2% | 62.4M-11.3% | 70.4M+61.5% | |
| Other non-current liabilities | 9.72M-6.1% | 10.4M+29.8% | 7.98M+29.0% | 6.19M+45.6% | 4.25M+3.6% | |
| 662M+27.8% | 518M+15.5% | 448M+7.0% | 419M-26.5% | 570M-11.4% | ||
| Additional paid-in capital | 1.28B+7.8% | 1.18B+10.1% | 1.08B+9.5% | 982M-7.7% | 1.06B+3.9% | |
| Retained earnings | -612M+7.8% | -664M-6.2% | -626M-11.7% | -560M-13.4% | -494M-29.6% | |
| Accumulated other comprehensive income | -1.95M-4.3% | -1.87M-68.6% | -1.11M+62.6% | -2.97M-2101.5% | -135K-321.9% | |
| Total equity incl. non-controlling | — | — | — | 419M-26.5% | 570M-11.4% | |
| Total liabilities & equity | 1.28B-1.4% | 1.29B+7.8% | 1.20B-11.0% | 1.35B-2.6% | 1.39B-2.2% | |
| Common shares issued | 62.7M+3.3% | 60.7M+2.9% | 59.0M+2.2% | 57.7M+1.4% | 56.9M+2.5% | |
| Common shares outstanding | 62.7M+3.3% | 60.7M+2.9% | 59.0M+2.2% | 57.7M+1.4% | 56.9M+2.5% | |
| Shares outstanding (cover) | 62.4M+2.8% | 60.7M+2.8% | 59.1M+2.3% | 57.7M+1.4% | 56.9M+2.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 201M+48.4% | 136M+93.1% | 70.3M+92.3% | 36.6M+17.6% | 31.1M+1158.3% | ||
| Depreciation & amortization | 53.4M-22.4% | 68.8M-4.0% | 71.7M+16.3% | 61.7M+12.4% | 54.8M+5.8% | |
| Intangible amortization | 93.0K-99.5% | 17.0M-17.8% | 20.7M+13.3% | 18.2M+1.9% | 17.9M+0.1% | |
| Share-based compensation | 86.9M-2.5% | 89.2M+12.7% | 79.2M+21.5% | 65.2M+16.6% | 55.9M+10.3% | |
| Deferred income taxes | 930K-62.8% | 2.50M+170.0% | 926K+36.0% | 681K+26.1% | 540K-57.8% | |
| Change in receivables | 9.94M+1196.7% | -906K+77.8% | -4.09M-1330.1% | -286K-102.8% | 10.1M-30.8% | |
| Change in payables | 8.58M+187.7% | -9.79M-204.7% | 9.35M+1806.8% | -548K-131.2% | 1.76M+176.5% | |
| -4.03M+80.9% | -21.1M-118.6% | 113M+168.4% | -166M-154.2% | -65.1M+47.5% | ||
| Capital expenditure | 6.81M+1.8% | 6.69M+18.0% | 5.67M-49.1% | 11.1M-43.6% | 19.8M-16.7% | |
| Free cash flow | 195M+50.8% | 129M+99.7% | 64.6M+154.3% | 25.4M+124.1% | 11.3M+142.5% | |
| Acquisitions | 0.00 | 0.00 | 0.00-100.0% | 5.04M-92.2% | 64.7M | |
| Sales/maturities of investments | 118M+13.9% | 104M-53.0% | 221M+35.8% | 163M+8.9% | 149M+368.5% | |
| -189M-1519.0% | 13.3M+108.8% | -152M-2684.4% | 5.88M+111.5% | -51.2M-111.8% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 5.00M | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | 49.0K+105.9% | -827K-554.4% | 182K+122.7% | -802K-380.2% | -167K-447.9% | |
| Net change in cash | 8.51M-93.3% | 127M+300.8% | 31.7M+125.6% | -124M-45.2% | -85.4M-127.7% | |
| Interest paid | 2.85M+6.2% | 2.68M+1.1% | 2.65M-8.3% | 2.89M-6.9% | 3.10M-24.2% | |
| Income taxes paid | 3.84M-34.7% | 5.88M+124.3% | 2.62M+199.7% | 875K-14.8% | 1.03M+81.4% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 4.50B-26.3% | 6.11B+140.1% | 2.55B+64.7% | 1.55B-65.8% | 4.52B-35.7% | |
| P/E | 86.6× | — | — | — | — | |
| P/S | 5.7×-35.4% | 8.8×+110.0% | 4.2×+49.0% | 2.8×-69.1% | 9.1×-48.1% | |
| P/B | 6.8×-42.4% | 11.8×+104.5% | 5.8×+60.7% | 3.6×-54.7% | 7.9×-27.5% | |
| P/FCF | 23.1×-51.2% | 47.4×+31.7% | 36.0×-54.5% | 79.1×-80.2% | 398.9× | |
| Earnings yield | 1.2% | — | — | — | — | |
| FCF yield | 4.3%+104.7% | 2.1%-24.1% | 2.8%+120.0% | 1.3%+404.4% | 0.25% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: QTWO’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all QTWO filings on SEC EDGAR → Not investment advice.