Q2 Holdings, Inc. (QTWO) Financials

NYSE:QTWO

Market Cap

1.89B

Total Revenue

565.67M

Gross Profit

256.35M

Operating Income

-103.58M

Net Income

-108.98M

Metric	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
revenue	56,872,000	79,129,000	108,867,000	150,224,000	193,978,000	241,100,000	315,484,000	402,751,000	498,720,000	565,673,000
costOfRevenue	36,261,000	46,054,000	59,128,000	77,429,000	99,485,000	121,855,000	162,485,000	228,152,000	273,685,000	309,328,000
grossProfit	20,611,000	33,075,000	49,739,000	72,795,000	94,493,000	119,245,000	152,999,000	174,599,000	225,035,000	256,345,000
researchAndDevelopmentExpenses	9,029,000	12,086,000	21,534,000	32,460,000	40,338,000	51,334,000	76,273,000	97,381,000	116,952,000	130,103,000
sellingAndMarketingExpenses	16,726,000	23,069,000	26,999,000	36,284,000	41,170,000	48,124,000	63,947,000	72,323,000	85,564,000	108,214,000
generalAndAdministrativeExpenses	11,978,000	16,991,000	22,977,000	31,992,000	37,179,000	45,648,000	57,159,000	73,118,000	79,923,000	103,365,000
sellingGeneralAndAdministrativeExpenses	28,704,000	40,060,000	49,976,000	68,276,000	78,349,000	93,772,000	121,106,000	145,441,000	165,487,000	211,579,000
operatingExpenses	37,733,000	52,146,000	72,086,000	102,206,000	120,168,000	146,950,000	203,718,000	260,710,000	300,340,000	359,930,000
operatingIncome	-17,122,000	-19,071,000	-24,840,000	-35,718,000	-26,907,000	-31,850,000	-50,719,000	-86,111,000	-75,305,000	-103,585,000
totalOtherIncomeExpensesNet	-499,000	-492,000	-2,496,000	-6,516,000	-803,000	-11,495,000	-32,645,000	-50,093,000	-35,798,000	-2,490,000
ebitda	-14,145,000	-14,988,000	-13,007,000	-10,905,000	-9,497,000	-6,758,000	-6,235,000	-20,549,000	-17,782,000	-40,750,000
depreciationAndAmortization	2,971,000	4,083,000	6,847,000	12,199,000	14,946,000	16,802,000	44,484,000	65,562,000	57,523,000	62,835,000
interestIncome	6,000	65,000	280,000	358,000	553,000	2,811,000	3,672,000	1,207,000	1,476,000	5,362,000
interestExpense	505,000	557,000	283,000	567,000	124,000	10,161,000	20,290,000	28,646,000	33,071,000	6,676,000
incomeBeforeTax	-17,621,000	-19,563,000	-24,843,000	-35,927,000	-26,478,000	-39,200,000	-83,364,000	-136,204,000	-111,103,000	-106,075,000
incomeTaxExpense	55,000	71,000	220,000	427,000	-314,000	-3,803,000	-12,487,000	1,416,000	1,643,000	2,908,000
netIncome	-17,875,000	-19,634,000	-25,063,000	-36,354,000	-26,164,000	-35,397,000	-70,877,000	-137,620,000	-112,746,000	-108,983,000
eps	-0.56	-0.67	-0.67	-0.92	-0.63	-0.83	-1.53	-2.65	-2	-1.9
epsdiluted	-0.56	-0.67	-0.67	-0.92	-0.63	-0.83	-1.53	-2.65	-2	-1.9
weightedAverageShsOut	31,949,901	29,257,000	37,275,000	39,649,000	41,218,000	42,797,000	46,198,000	52,019,000	56,394,000	57,300,000
weightedAverageShsOutDil	31,949,901	29,257,000	37,275,000	39,649,000	41,218,000	42,797,000	46,198,000	52,019,000	56,394,000	57,300,000
costAndExpenses	73,994,000	98,200,000	131,214,000	179,635,000	219,653,000	268,805,000	366,203,000	488,862,000	574,025,000	669,258,000
otherExpenses	--	-492,000	-3,000	-209,000	429,000	-7,350,000	6,339,000	17,888,000	17,901,000	18,248,000

Key Facts

Industry

Software—Application

Sector

Technology

Headquarters

Austin, TX, US

Website

q2.com

CEO

Mr. Matthew P. Flake

Employees

2242

About the Company

Q2 Holdings, Inc. provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. The company offers Q2 Consumer Banking, a browser-based digital banking solution and comprehensive financial institution branded digital banking capabilities; Q2 Small Business and Commercial, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture. It also provides Q2 Sentinel, a security analytics solution; Q2 Patrol, an event-driven validation product; Q2 SMART, a targeting and messaging platform; and Q2 CardSwap that allows account holders receiving newly issued cards to automatically change their payment information. In addition, the company offers Q2 Gro, a digital account opening, and digital sales and marketing platform; Q2 Biller Direct, a bill payment solution; ClickSWITCH allows financial institutions to direct deposits to the end user. Centrix Dispute Tracking System, an electronic transaction dispute management solution; Centrix Payments I.Q. System, an ACH file monitoring and risk reporting solution; Centrix Exact/Transaction Management System, a fraud prevention tool; and Q2 Caliper Software Development Kit. Futher, it provides Q2 Contextual PFM, which allows end users to add external accounts and view them together with internal accounts on digital banking home page; Q2 Goals that enables end users to establish and save towards specific savings goals; Q2 Cloud Lending, a digital lending and leasing platform; PrecisionLender platform, a cloud-based, data-driven sales enablement, pricing, and portfolio management solution; and Q2 BaaS, a portfolio of open API financial services. The company was formerly known as CBG Holdings, Inc. and changed its name to Q2 Holdings, Inc. in March 2013. Q2 Holdings, Inc. was founded in 2004 and is headquartered in Austin, Texas.