Q2 Holdings, Inc. - Understand $qtwo stock

$QTWO Market Cap: $6.654 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$675.5M

TTM

Gross Margin

50.25%

TTM

Net Earnings

-$56.78M

TTM

Current Assets

$526.3M

Q3 2024

Current Liabilities

$210.8M

Q3 2024

Current Ratio

249.68%

Q3 2024

Total Assets

$1.273B

Q3 2024

Total Liabilities

$777.7M

Q3 2024

Book Value

$495.1M

Q3 2024

Cash

$320.3M

Q3 2024

P/E

-117.2

Nov 29, 2024 EST

Free Cash Flow

$99.69M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$624.6M	$565.7M	$498.7M	$402.8M	$315.5M	$241.1M	$194.0M	$150.2M	$108.9M	$79.13M	$56.87M	$41.10M	$27.00M
YoY Change	10.42%	13.42%	23.83%	27.66%	30.85%	24.29%	29.13%	37.99%	37.58%	39.14%	38.37%	52.23%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$624.6M	$565.7M	$498.7M	$402.8M	$315.5M	$241.1M	$194.0M	$150.2M	$108.9M	$79.13M	$56.87M	$41.10M	$27.00M
Cost Of Revenue	$322.0M	$309.3M	$273.7M	$228.2M	$162.5M	$121.9M	$99.49M	$77.43M	$59.13M	$46.05M	$36.26M	$25.17M	$14.80M
Gross Profit	$302.7M	$256.3M	$225.0M	$174.6M	$153.0M	$119.2M	$94.49M	$72.80M	$49.74M	$33.08M	$20.61M	$15.93M	$12.20M
Gross Profit Margin	48.45%	45.32%	45.12%	43.35%	48.5%	49.46%	48.71%	48.46%	45.69%	41.8%	36.24%	38.76%	45.19%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Selling, General & Admin	$219.7M	$198.4M	$163.5M	$143.3M	$120.7M	$93.11M	$78.35M	$68.24M	$49.98M	$40.06M	$28.47M	$17.74M	$10.40M
YoY Change	10.75%	21.35%	14.11%	18.7%	29.61%	18.85%	14.81%	36.55%	24.75%	40.72%	60.46%	70.6%
% of Gross Profit	72.59%	77.39%	72.65%	82.05%	78.88%	78.09%	82.92%	93.75%	100.48%	121.12%	138.12%	111.37%	85.25%
Research & Development	$137.3M	$130.1M	$117.0M	$97.38M	$76.27M	$51.33M	$40.34M	$32.46M	$21.53M	$12.09M	$9.029M	$5.317M	$3.400M
YoY Change	5.56%	11.24%	20.1%	27.67%	48.58%	27.26%	24.27%	50.74%	78.17%	33.86%	69.81%	56.38%
% of Gross Profit	45.38%	50.75%	51.97%	55.77%	49.85%	43.05%	42.69%	44.59%	43.29%	36.54%	43.81%	33.38%	27.87%
Depreciation & Amortization	$71.71M	$61.66M	$54.83M	$51.84M	$28.46M	$16.80M	$14.95M	$12.20M	$6.847M	$4.083M	$2.971M	$1.697M	$1.010M
YoY Change	16.3%	12.45%	5.77%	82.17%	69.37%	12.42%	22.52%	78.17%	67.7%	37.43%	75.07%	68.02%
% of Gross Profit	23.69%	24.05%	24.37%	29.69%	18.6%	14.09%	15.82%	16.76%	13.77%	12.34%	14.41%	10.65%	8.28%
Operating Expenses	$388.7M	$361.1M	$303.0M	$274.4M	$219.7M	$151.1M	$121.4M	$108.5M	$74.58M	$52.15M	$37.73M	$23.06M	$13.90M
YoY Change	7.64%	19.17%	10.42%	24.89%	45.43%	24.46%	11.88%	45.5%	43.02%	38.2%	63.64%	65.89%
Operating Profit	-$86.06M	-$104.8M	-$78.00M	-$99.83M	-$66.75M	-$31.85M	-$26.91M	-$35.72M	-$24.84M	-$19.07M	-$17.12M	-$7.128M	-$1.700M
YoY Change	-17.85%	34.32%	-21.87%	49.57%	109.56%	18.37%	-24.67%	43.79%	30.25%	11.38%	140.21%	319.29%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Interest Expense	$4.366M	-$1.314M	-$31.60M	-$27.40M	-$16.60M	-$7.400M	$400.0K	-$200.0K	$0.00	-$500.0K	-$500.0K	-$200.0K	-$100.0K
YoY Change	-432.27%	-95.84%	15.31%	65.06%	124.32%	-1950.0%	-300.0%		-100.0%	0.0%	150.0%	100.0%
% of Operating Profit
Other Income/Expense, Net	$24.24M	-$1.314M	-$33.11M	-$36.37M	-$16.62M	-$7.350M	$429.0K	-$209.0K	-$3.000K	-$492.0K	-$499.0K	-$228.0K
YoY Change	-1944.37%	-96.03%	-8.97%	118.87%	126.1%	-1813.29%	-305.26%	6866.67%	-99.39%	-1.4%	118.86%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Pretax Income	-$61.82M	-$106.1M	-$111.1M	-$136.2M	-$83.36M	-$39.20M	-$26.48M	-$35.93M	-$24.84M	-$19.56M	-$17.62M	-$7.356M	-$1.800M
YoY Change	-41.72%	-4.53%	-18.43%	63.38%	112.66%	48.05%	-26.3%	44.62%	26.99%	11.02%	139.55%	308.67%
Income Tax	$3.562M	$2.908M	$1.643M	$1.416M	-$12.49M	-$3.803M	-$314.0K	$427.0K	$220.0K	$71.00K	$55.00K	$164.0K	$100.0K
% Of Pretax Income
Net Earnings	-$65.38M	-$109.0M	-$112.7M	-$137.6M	-$70.88M	-$35.40M	-$26.16M	-$36.35M	-$25.06M	-$19.63M	-$17.88M	-$8.779M	-$3.000M
YoY Change	-40.01%	-3.34%	-18.07%	94.17%	100.23%	35.29%	-28.03%	45.05%	27.65%	9.84%	103.61%	192.63%
Net Earnings / Revenue	-10.47%	-19.27%	-22.61%	-34.17%	-22.47%	-14.68%	-13.49%	-24.2%	-23.02%	-24.81%	-31.43%	-21.36%	-11.11%
Basic Earnings Per Share	-$1.12	-$1.90	-$2.00	-$2.65	-$1.53
Diluted Earnings Per Share	-$1.12	-$1.90	-$2.00	-$2.65	-$1.53	-$827.1K	-$635.9K	-$919.2K	-$672.9K	-$668.9K	-$561.1K	-$275.9K	-$94.04K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Cash & Short-Term Investments	$324.0M	$433.4M	$427.7M	$539.1M	$132.4M	$177.3M	$99.60M	$97.10M	$110.6M	$88.90M	$18.70M	$9.100M	$15.40M
YoY Change	-25.23%	1.32%	-20.66%	307.18%	-25.32%	78.01%	2.57%	-12.21%	24.41%	375.4%	105.49%	-40.91%
Cash & Equivalents	$229.7M	$199.6M	$322.8M	$407.7M	$100.1M	$108.3M	$58.00M	$54.90M	$67.00M	$68.00M	$18.70M	$9.100M	$15.40M
Short-Term Investments	$94.35M	$233.8M	$104.9M	$131.4M	$32.30M	$69.00M	$41.70M	$42.20M	$43.60M	$21.00M
Other Short-Term Assets	$51.86M	$42.08M	$45.90M	$39.70M	$30.60M	$20.70M	$18.20M	$16.30M	$13.60M	$10.60M	$6.200M	$4.100M	$3.400M
YoY Change	23.25%	-8.32%	15.62%	29.74%	47.83%	13.74%	11.66%	19.85%	28.3%	70.97%	51.22%	20.59%
Inventory
Prepaid Expenses
Receivables	$52.09M	$55.64M	$48.82M	$37.50M	$23.30M	$20.30M	$13.20M	$12.20M	$9.000M	$5.000M	$9.100M	$5.900M	$3.900M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$428.0M	$531.1M	$522.5M	$616.2M	$186.3M	$218.3M	$131.1M	$125.7M	$133.2M	$104.5M	$33.90M	$19.10M	$22.70M
YoY Change	-19.42%	1.65%	-15.21%	230.76%	-14.66%	66.51%	4.3%	-5.63%	27.46%	208.26%	77.49%	-15.86%
Property, Plant & Equipment	$76.63M	$96.53M	$118.9M	$84.30M	$74.60M	$35.00M	$34.50M	$27.50M	$24.40M	$18.50M	$14.80M	$4.200M	$3.100M
YoY Change	-20.62%	-18.8%	41.03%	13.0%	113.14%	1.45%	25.45%	12.7%	31.89%	25.0%	252.38%	35.48%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$50.18M	$47.38M	$46.28M	$50.40M	$47.40M	$28.90M	$22.30M	$19.70M	$16.70M	$13.80M	$12.40M	$8.300M	$6.000M
YoY Change	5.9%	2.39%	-8.18%	6.33%	64.01%	29.6%	13.2%	17.96%	21.01%	11.29%	49.4%	38.33%
Total Long-Term Assets	$773.5M	$818.7M	$862.6M	$800.5M	$823.1M	$245.4M	$81.70M	$75.30M	$71.30M	$32.30M	$27.20M	$12.60M	$9.000M
YoY Change	-5.52%	-5.09%	7.76%	-2.75%	235.41%	200.37%	8.5%	5.61%	120.74%	18.75%	115.87%	40.0%
Total Assets	$1.201B	$1.350B	$1.385B	$1.417B	$1.009B	$463.7M	$212.8M	$201.0M	$204.5M	$136.8M	$61.10M	$31.70M	$31.70M
YoY Change
Accounts Payable	$19.35M	$10.06M	$10.60M	$7.900M	$11.00M	$9.200M	$7.600M	$4.200M	$3.500M	$2.000M	$4.100M	$2.400M	$500.0K
YoY Change	92.47%	-5.11%	34.14%	-28.18%	19.57%	21.05%	80.95%	20.0%	75.0%	-51.22%	70.83%	380.0%
Accrued Expenses	$53.49M	$53.62M	$59.07M	$56.00M	$64.10M	$20.70M	$22.10M	$24.90M	$19.00M	$13.20M	$11.70M	$5.100M	$4.200M
YoY Change	-0.24%	-9.23%	5.48%	-12.64%	209.66%	-6.33%	-11.24%	31.05%	43.94%	12.82%	129.41%	21.43%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$0.00	$10.90M						$0.00	$200.0K	$400.0K	$700.0K	$3.100M	$400.0K
YoY Change	-100.0%							-100.0%	-50.0%	-42.86%	-77.42%	675.0%
Total Short-Term Liabilities	$191.6M	$192.0M	$168.4M	$145.8M	$133.0M	$73.70M	$68.10M	$59.20M	$45.70M	$32.90M	$29.20M	$19.10M	$12.60M
YoY Change	-0.25%	14.07%	15.47%	9.62%	80.46%	8.22%	15.03%	29.54%	38.91%	12.67%	52.88%	51.59%
Long-Term Debt	$490.5M	$657.8M	$551.6M	$557.5M	$424.8M	$182.7M	$0.00	$0.00	$0.00	$200.0K	$6.900M	$500.0K	$2.600M
YoY Change	-25.44%	19.25%	-1.06%	31.24%	132.51%				-100.0%	-97.1%	1280.0%	-80.77%
Other Long-Term Liabilities	$70.92M	$80.87M	$94.79M	$70.00M	$72.30M	$48.40M	$38.10M	$41.50M	$40.80M	$24.80M	$19.30M	$9.400M	$6.100M
YoY Change	-12.31%	-14.69%	35.42%	-3.18%	49.38%	27.03%	-8.19%	1.72%	64.52%	28.5%	105.32%	54.1%
Total Long-Term Liabilities	$561.4M	$738.7M	$646.4M	$627.5M	$497.1M	$231.1M	$38.10M	$41.50M	$40.80M	$25.00M	$26.20M	$9.900M	$8.700M
YoY Change	-24.0%	14.27%	3.01%	26.23%	115.1%	506.56%	-8.19%	1.72%	63.2%	-4.58%	164.65%	13.79%
Total Liabilities	$752.9M	$930.7M	$814.7M	$773.3M	$630.0M	$304.8M	$106.2M	$100.7M	$86.50M	$57.90M	$55.40M	$28.90M	$21.30M
YoY Change	-19.1%	14.23%	5.36%	22.75%	106.69%	187.01%	5.46%	16.42%	49.4%	4.51%	91.7%	35.68%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019
Basic Shares Outstanding	58.35M shares	57.30M shares	56.39M shares	52.02M shares	46.20M shares
Diluted Shares Outstanding	58.35M shares	57.30M shares	56.39M shares	52.02M shares	46.20M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $6.6544 Billion

About Q2 Holdings, Inc.

Q2 Holdings, Inc. engages in the provision of digital banking and lending solutions. The company is headquartered in Austin, Texas and currently employs 2,312 full-time employees. The company went IPO on 2014-03-20. The Company’s portfolio of digital solutions includes Digital Banking Platform, Q2 Innovation Studio, Lending and Relationship Pricing, and Helix. Its end-to-end digital banking platform supports its financial institution customers in their delivery of retail, small to medium business and commercial functionalities across digital channels through a single technology platform. Q2 Innovation Studio is an application program interface based and software development kit based open technology platform. Its end-to-end digital lending portfolio allows its FinTech and Alt-FI customers to simplify the end-user experiences of borrowers, accelerate loan decisioning, and reduce operational inefficiencies. Helix is a cloud-native, real-time core processing platform.

Industry: Services-Prepackaged Software Peers: Amplitude, Inc. E2open Parent Holdings, Inc. Digital Turbine, Inc. DUCK CREEK TECHNOLOGIES, INC. EverCommerce Inc. PagerDuty, Inc. SEMrush Holdings, Inc. Salesforce, Inc. Vertex, Inc. VERINT SYSTEMS INC