$QTWO
Q2 Holdings, Inc.

2014 Q3 Form 10-Q Financial Statement

#000141038414000040 Filed on August 12, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2013 Q2
Revenue $20.99M $19.16M $14.04M
YoY Change 46.52% 36.41% 47.83%
Cost Of Revenue $12.14M $10.83M $8.408M
YoY Change 32.46% 28.81% 47.51%
Gross Profit $8.846M $8.328M $5.636M
YoY Change 71.5% 47.76% 52.32%
Gross Profit Margin 42.15% 43.47% 40.13%
Selling, General & Admin $10.22M $10.09M $6.914M
YoY Change 30.87% 45.94% 57.14%
% of Gross Profit 115.49% 121.16% 122.68%
Research & Development $3.155M $2.787M $2.152M
YoY Change 39.66% 29.51% 65.54%
% of Gross Profit 35.67% 33.47% 38.18%
Depreciation & Amortization $1.092M $1.031M $624.0K
YoY Change 34.98% 65.22%
% of Gross Profit 12.34% 12.38% 11.07%
Operating Expenses $13.37M $12.88M $9.214M
YoY Change 31.7% 39.75% 61.65%
Operating Profit -$4.525M -$4.549M -$3.578M
YoY Change -9.41% 27.14% 78.9%
Interest Expense -$100.0K -$100.0K -$100.0K
YoY Change -50.0% 0.0% 0.0%
% of Operating Profit
Other Income/Expense, Net -$82.00K -$119.0K -$116.0K
YoY Change -51.76% 2.59%
Pretax Income -$4.607M -$4.668M -$3.694M
YoY Change -10.8% 26.37% 84.7%
Income Tax $18.00K $15.00K $14.00K
% Of Pretax Income
Net Earnings -$4.625M -$4.683M -$3.708M
YoY Change -10.7% 26.29% 61.22%
Net Earnings / Revenue -22.04% -24.44% -26.4%
Basic Earnings Per Share
Diluted Earnings Per Share -$134.5K -$137.8K -$116.0K
COMMON SHARES
Basic Shares Outstanding 34.19M shares 34.08M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q3 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $90.40M $94.90M
YoY Change 326.42%
Cash & Equivalents $72.34M $94.91M $25.55M
Short-Term Investments $18.00M
Other Short-Term Assets $9.500M $7.200M
YoY Change 93.88%
Inventory
Prepaid Expenses
Receivables $6.505M $5.468M
Other Receivables $0.00 $0.00
Total Short-Term Assets $106.4M $107.5M
YoY Change 222.38%
LONG-TERM ASSETS
Property, Plant & Equipment $14.25M $14.03M
YoY Change 1.07%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $815.0K $740.0K
YoY Change -92.01%
Total Long-Term Assets $26.91M $25.99M
YoY Change 11.21%
TOTAL ASSETS
Total Short-Term Assets $106.4M $107.5M
Total Long-Term Assets $26.91M $25.99M
Total Assets $133.3M $133.5M
YoY Change 133.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.641M $1.939M
YoY Change 20.05%
Accrued Expenses $7.089M $6.703M
YoY Change -7.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $500.0K $500.0K
YoY Change -37.5%
Total Short-Term Liabilities $28.21M $23.51M
YoY Change 38.3%
LONG-TERM LIABILITIES
Long-Term Debt $46.00K $2.054M
YoY Change -99.34%
Other Long-Term Liabilities $7.000K $7.000K
YoY Change -99.96%
Total Long-Term Liabilities $53.00K $2.061M
YoY Change -99.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $28.21M $23.51M
Total Long-Term Liabilities $53.00K $2.061M
Total Liabilities $52.03M $48.76M
YoY Change 14.35%
SHAREHOLDERS EQUITY
Retained Earnings -$59.61M -$54.98M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $81.27M $84.77M
YoY Change
Total Liabilities & Shareholders Equity $133.3M $133.5M
YoY Change 133.04%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income -$4.625M -$4.683M -$3.708M
YoY Change -10.7% 26.29% 61.22%
Depreciation, Depletion And Amortization $1.092M $1.031M $624.0K
YoY Change 34.98% 65.22%
Cash From Operating Activities -$150.0K $390.0K $2.820M
YoY Change -89.21% -86.17%
INVESTING ACTIVITIES
Capital Expenditures -$1.350M -$640.0K -$4.920M
YoY Change -47.88% -86.99%
Acquisitions
YoY Change
Other Investing Activities -$18.79M $0.00 $0.00
YoY Change
Cash From Investing Activities -$20.13M -$640.0K -$4.930M
YoY Change 677.22% -87.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.290M 8.480M 3.930M
YoY Change 487.18% 115.78%
NET CHANGE
Cash From Operating Activities -150.0K 390.0K 2.820M
Cash From Investing Activities -20.13M -640.0K -4.930M
Cash From Financing Activities -2.290M 8.480M 3.930M
Net Change In Cash -22.57M 8.230M 1.820M
YoY Change 416.48% 352.2%
FREE CASH FLOW
Cash From Operating Activities -$150.0K $390.0K $2.820M
Capital Expenditures -$1.350M -$640.0K -$4.920M
Free Cash Flow $1.200M $1.030M $7.740M
YoY Change 0.0% -86.69%

Facts In Submission

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0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2468000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7468000 USD
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2014Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2014Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
0 shares
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1251000 shares
CY2014Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
1251000 shares
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-44732000 USD
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
1251000 shares
CY2014Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q4 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
1740000 USD
CY2014Q2 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1079000 USD
CY2014Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1971000 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
86461000 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 USD
CY2014Q1 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
72600000 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
18995000 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
12500000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
6350000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1008000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
338000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14831000 USD
CY2014Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14026000 USD
us-gaap Reimbursement Revenue
ReimbursementRevenue
200000 USD
us-gaap Reimbursement Revenue
ReimbursementRevenue
300000 USD
CY2014Q2 us-gaap Reimbursement Revenue
ReimbursementRevenue
200000 USD
CY2013Q2 us-gaap Reimbursement Revenue
ReimbursementRevenue
100000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
16710000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
2500000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
304000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5523000 USD
CY2013Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2152000 USD
CY2014Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2787000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4018000 USD
CY2014Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
116000 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
116000 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-54981000 USD
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
6.18
us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Deferred Revenues</font></div><div style="line-height:120%;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred revenues primarily consist of amounts that have been billed to or received from customers in advance of revenue recognition and prepayments received from customers in advance for implementation, maintenance and other services, as well as initial subscription fees. The Company recognizes deferred revenues as revenues when the services are performed and the corresponding revenue recognition criteria are met. Customer prepayments are generally applied against invoices issued to customers when services are performed and billed. Deferred revenues that are expected to be recognized as revenues during the succeeding twelve month period are recorded in current liabilities as deferred revenues, current portion and the remaining portion is recorded in long-term liabilities as deferred revenues, net of current portion.</font></div></div>
us-gaap Revenue Recognition Sales Returns Reserve For Sales Returns
RevenueRecognitionSalesReturnsReserveForSalesReturns
-43000 USD
us-gaap Revenue Recognition Sales Returns Reserve For Sales Returns
RevenueRecognitionSalesReturnsReserveForSalesReturns
-51000 USD
us-gaap Revenues
Revenues
26878000 USD
us-gaap Revenues
Revenues
35992000 USD
CY2013Q2 us-gaap Revenues
Revenues
14044000 USD
CY2014Q2 us-gaap Revenues
Revenues
19158000 USD
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
8.74
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.007
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
200000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
7700000 USD
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3600000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
7198000 USD
CY2013Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
4138000 USD
CY2014Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
6032000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
11541000 USD
CY2014Q2 us-gaap Share Based Compensation
ShareBasedCompensation
1068000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
710000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1986000 USD
CY2013Q2 us-gaap Share Based Compensation
ShareBasedCompensation
376000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.479
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.468
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.494
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.468
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.451
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.479
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.016
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.007
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.019
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.008
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.012
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
4300000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
21000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1880000 shares
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.05
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.05
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.40
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.42
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6302000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5422000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.76
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.80
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.03
CY2014Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
3025000 shares
CY2014Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
6302000 shares
CY2014Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y9M18D
CY2013Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y9M18D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y9M18D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
600000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
800000 USD
CY2013Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
300000 USD
CY2014Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
400000 USD
CY2014Q2 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
1.81
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P5Y3M18D
CY2014Q2 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
4.80
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P6Y
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
979000 shares
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
-36316000 USD
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
84765000 USD
CY2013Q4 qtwo Deferred Implementation Costs Noncurrent
DeferredImplementationCostsNoncurrent
4560000 USD
CY2014Q2 qtwo Deferred Implementation Costs Noncurrent
DeferredImplementationCostsNoncurrent
4932000 USD
CY2014Q1 qtwo Convertible Stock Shares Issued Upon Conversion
ConvertibleStockSharesIssuedUponConversion
1 shares
CY2014Q2 qtwo Deferred Implementation Costs Current
DeferredImplementationCostsCurrent
1945000 USD
CY2013Q4 qtwo Deferred Implementation Costs Current
DeferredImplementationCostsCurrent
1814000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the accompanying interim unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the interim unaudited condensed consolidated financial statements, and the reported amounts of revenues and expenses. Significant items subject to such estimates include stock-based compensation, the useful lives of property and equipment and income taxes. In accordance with GAAP, management bases its estimates on historical experience and on various other assumptions that management believes are reasonable under the circumstances. Management regularly evaluates its estimates and assumptions using historical experience and other factors; however, actual results could differ significantly from those estimates.</font></div></div>
CY2013Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
11901000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
24143000 shares
CY2014Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
34068000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
11666000 shares
CY2014Q2 qtwo Allowancefor Sales Credits
AllowanceforSalesCredits
200000 USD
CY2013Q4 qtwo Allowancefor Sales Credits
AllowanceforSalesCredits
100000 USD
CY2013Q4 qtwo Deferred Sales Commissions Currentand Noncurrent
DeferredSalesCommissionsCurrentandNoncurrent
4600000 USD
CY2014Q2 qtwo Deferred Sales Commissions Currentand Noncurrent
DeferredSalesCommissionsCurrentandNoncurrent
5700000 USD
CY2014Q2 qtwo Deferred Solution Costs Current
DeferredSolutionCostsCurrent
3127000 USD
CY2013Q4 qtwo Deferred Solution Costs Current
DeferredSolutionCostsCurrent
3124000 USD
CY2013Q4 qtwo Deferred Solution Costs Noncurrent
DeferredSolutionCostsNoncurrent
5358000 USD
CY2014Q2 qtwo Deferred Solution Costs Noncurrent
DeferredSolutionCostsNoncurrent
6291000 USD
CY2014Q2 qtwo Implementation Costs Capitalized
ImplementationCostsCapitalized
1000000 USD
qtwo Implementation Costs Capitalized
ImplementationCostsCapitalized
1700000 USD
qtwo Implementation Costs Capitalized
ImplementationCostsCapitalized
1800000 USD
CY2013Q2 qtwo Implementation Costs Capitalized
ImplementationCostsCapitalized
900000 USD
qtwo Increase Decreasein Deferred Implementation Costs
IncreaseDecreaseinDeferredImplementationCosts
1657000 USD
qtwo Increase Decreasein Deferred Implementation Costs
IncreaseDecreaseinDeferredImplementationCosts
1836000 USD
qtwo Increase Decreasein Deferred Solutionand Other Costs
IncreaseDecreaseinDeferredSolutionandOtherCosts
1633000 USD
qtwo Increase Decreasein Deferred Solutionand Other Costs
IncreaseDecreaseinDeferredSolutionandOtherCosts
1339000 USD
qtwo Interestand Other Expense Nonoperating
InterestandOtherExpenseNonoperating
173000 USD
qtwo Interestand Other Expense Nonoperating
InterestandOtherExpenseNonoperating
331000 USD
CY2014Q2 qtwo Interestand Other Expense Nonoperating
InterestandOtherExpenseNonoperating
124000 USD
CY2013Q2 qtwo Interestand Other Expense Nonoperating
InterestandOtherExpenseNonoperating
119000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001410384
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
34191469 shares
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Q2 HOLDINGS, INC.
dei Trading Symbol
TradingSymbol
qtwo

Files In Submission

Name View Source Status
0001410384-14-000040-index-headers.html Edgar Link pending
0001410384-14-000040-index.html Edgar Link pending
0001410384-14-000040.txt Edgar Link pending
0001410384-14-000040-xbrl.zip Edgar Link pending
a63014exhibit101.htm Edgar Link pending
a63014exhibit311.htm Edgar Link pending
a63014exhibit312.htm Edgar Link pending
a63014exhibit321.htm Edgar Link pending
a63014exhibit322.htm Edgar Link pending
a63014qtwo10q.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
qtwo-20140630.xml Edgar Link completed
qtwo-20140630.xsd Edgar Link pending
qtwo-20140630_cal.xml Edgar Link unprocessable
qtwo-20140630_def.xml Edgar Link unprocessable
qtwo-20140630_lab.xml Edgar Link unprocessable
qtwo-20140630_pre.xml Edgar Link unprocessable
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