QTWO
Q2 Holdings
NYSE: QTWO · TECHNOLOGY · SOFTWARE - APPLICATION
$52.51
+4.69% today
Updated 2026-04-29
Market cap
$3.28B
P/E ratio
65.64
P/S ratio
4.12x
EPS (TTM)
$0.80
Dividend yield
—
52W range
$45 – $97
Volume
0.9M
Q2 Holdings (QTWO) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $26.98M | $41.10M | $56.87M | $79.13M | $108.87M | $150.22M | $193.98M | $241.10M | $315.48M | $402.75M | $498.72M | $565.67M | $624.62M | $696.46M | $794.81M |
| Revenue growth (YoY) | — | +52.3% | +38.4% | +39.1% | +37.6% | +38.0% | +29.1% | +24.3% | +30.9% | +27.7% | +23.8% | +13.4% | +10.4% | +11.5% | +14.1% |
| Cost of revenue | $14.79M | $25.17M | $36.26M | $46.05M | $59.13M | $77.43M | $99.48M | $121.86M | $162.49M | $228.15M | $273.69M | $309.33M | $321.97M | $341.98M | $365.22M |
| Gross profit | $12.19M | $15.93M | $20.61M | $33.08M | $49.74M | $72.80M | $94.49M | $119.25M | $153.00M | $174.60M | $225.03M | $256.35M | $302.65M | $354.48M | $429.59M |
| Gross margin | 45.2% | 38.8% | 36.2% | 41.8% | 45.7% | 48.5% | 48.7% | 49.5% | 48.5% | 43.4% | 45.1% | 45.3% | 48.5% | 50.9% | 54.0% |
| R&D | $3.43M | $5.32M | $9.03M | $12.09M | $21.53M | $32.46M | $40.34M | $51.33M | $76.27M | $97.38M | $116.95M | $130.10M | $137.33M | $143.24M | $154.33M |
| SG&A | $4.86M | $8.78M | $11.98M | $16.99M | $22.98M | $31.99M | $37.18M | $45.65M | $57.16M | $73.12M | $77.92M | $90.16M | $110.19M | $122.94M | $125.51M |
| Operating income | $-1.69M | $-7.13M | $-17.12M | $-19.07M | $-24.84M | $-35.72M | $-26.91M | $-31.85M | $-50.72M | $-99.83M | $-78.00M | $-104.76M | $-86.06M | $-42.26M | $45.64M |
| Operating margin | -6.3% | -17.3% | -30.1% | -24.1% | -22.8% | -23.8% | -13.9% | -13.2% | -16.1% | -24.8% | -15.6% | -18.5% | -13.8% | -6.1% | 5.7% |
| EBITDA | $-667000.00 | $-5.43M | $-14.14M | $-14.92M | $-17.71M | $-23.16M | $-11.41M | $-12.24M | $-26.92M | $-55.72M | $-23.20M | $-37.74M | $29.02M | $42.89M | $115.06M |
| EBITDA margin | -2.5% | -13.2% | -24.9% | -18.9% | -16.3% | -15.4% | -5.9% | -5.1% | -8.5% | -13.8% | -4.7% | -6.7% | 4.6% | 6.2% | 14.5% |
| EBIT | $-1.68M | $-7.12M | $-17.12M | $-19.01M | $-24.56M | $-35.36M | $-25.69M | $-32.98M | $-63.07M | $-107.56M | $-78.03M | $-99.40M | $-56.09M | $-25.92M | $45.64M |
| Interest expense | $83000.00 | $232000.00 | $505000.00 | $557000.00 | $283000.00 | $567000.00 | $124000.00 | $10.16M | $20.29M | $28.65M | $33.07M | $6.68M | $5.73M | $4.94M | $5.41M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-3.03M | $-8.78M | $-17.88M | $-19.63M | $-25.06M | $-36.35M | $-26.16M | $-35.40M | $-70.88M | $-137.62M | $-112.75M | $-108.98M | $-65.38M | $-38.54M | $52.01M |
| Net income growth (YoY) | — | -190.0% | -103.6% | -9.8% | -27.7% | -45.1% | +28.0% | -35.3% | -100.2% | -94.2% | +18.1% | +3.3% | +40.0% | +41.1% | +235.0% |
| Profit margin | -11.2% | -21.4% | -31.4% | -24.8% | -23.0% | -24.2% | -13.5% | -14.7% | -22.5% | -34.2% | -22.6% | -19.3% | -10.5% | -5.5% | 6.5% |