Q2 Holdings, Inc. (QTWO)

Q2 Holdings Income 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	720.69	696.46	624.62	565.67	498.72	402.75
Revenue Growth (YoY)	13.12%	11.50%	10.42%	13.43%	23.83%	27.66%
Cost of Revenue	347.47	341.98	321.97	309.33	273.69	227.22
Gross Profit	373.22	354.48	302.65	256.35	225.04	175.53
Selling, General & Admin	238.88	236.52	230.68	211.58	165.49	145.44
Research & Development	146.24	143.24	137.33	130.1	116.95	97.38
Operating Expenses	397.36	396.74	388.68	359.93	300.34	260.71
Operating Income	-24.14	-42.26	-86.03	-103.59	-75.31	-85.18
Interest Expense	-0.24	-	-	-	-31.57	-28.13
Interest & Investment Income	1.47	-	-	-	0.68	1.21
Other Non Operating Income (Expenses)	10.13	10.13	1.17	-2.32	-	-
EBT Excluding Unusual Items	-12.79	-32.13	-84.86	-105.9	-106.19	-112.1
Merger & Restructuring Charges	-	-	-0.02	-1.18	-2.69	-1.41
Gain (Loss) on Sale of Investments	1.2	1.27	3.19	0.3	-1.12	-0.37
Gain (Loss) on Sale of Assets	-	-	-	-	-0.39	-0.15
Other Unusual Items	-	-	19.87	0.7	-0.71	-22.18
Pretax Income	-13.33	-30.86	-61.82	-106.08	-111.1	-136.2
Income Tax Expense	6.61	7.68	3.56	2.91	1.64	1.42
Net Income	-19.94	-38.54	-65.38	-108.98	-112.75	-137.62
Net Income to Common	-19.94	-38.54	-65.38	-108.98	-112.75	-137.62
Shares Outstanding (Basic)	61	60	58	57	56	52
Shares Outstanding (Diluted)	61	60	58	57	56	52
Shares Change (YoY)	3.07%	3.00%	1.84%	1.61%	8.41%	12.60%
EPS (Basic)	-0.33	-0.64	-1.12	-1.90	-2.00	-2.65
EPS (Diluted)	-0.34	-0.64	-1.12	-1.90	-2.00	-2.65
Free Cash Flow	159.77	129.06	64.62	25.41	11.34	-26.65
Free Cash Flow Per Share	2.64	2.15	1.11	0.44	0.20	-0.51
Gross Margin	51.79%	50.90%	48.45%	45.32%	45.12%	43.58%
Operating Margin	-3.35%	-6.07%	-13.77%	-18.31%	-15.10%	-21.15%
Profit Margin	-2.77%	-5.53%	-10.47%	-19.27%	-22.61%	-34.17%
Free Cash Flow Margin	22.17%	18.53%	10.35%	4.49%	2.27%	-6.62%
EBITDA	18.87	4.55	-37.73	-64.63	-42.47	-55.48
EBITDA Margin	2.62%	0.65%	-6.04%	-11.43%	-8.52%	-13.78%
D&A For EBITDA	43.01	46.81	48.31	38.96	32.83	29.7
EBIT	-24.14	-42.26	-86.03	-103.59	-75.31	-85.18
EBIT Margin	-3.35%	-6.07%	-13.77%	-18.31%	-15.10%	-21.15%
Advertising Expenses	-	4.3	4.3	4.4	2.7	0.7

Updated May 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q