$QTWO
Q2 Holdings, Inc.

2014 Q4 Form 10-Q Financial Statement

#000141038414000053 Filed on November 10, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $22.15M $20.99M $14.33M
YoY Change 41.35% 46.52% 35.14%
Cost Of Revenue $12.87M $12.14M $9.167M
YoY Change 18.29% 32.46% 34.81%
Gross Profit $9.279M $8.846M $5.158M
YoY Change 93.72% 71.5% 32.26%
Gross Profit Margin 41.9% 42.15% 36.01%
Selling, General & Admin $10.53M $10.22M $7.806M
YoY Change 26.03% 30.87% 77.41%
% of Gross Profit 113.45% 115.49% 151.34%
Research & Development $3.408M $3.155M $2.259M
YoY Change 23.84% 39.66% 61.36%
% of Gross Profit 36.73% 35.67% 43.8%
Depreciation & Amortization $961.0K $1.092M $809.0K
YoY Change 6.78% 34.98% -21.46%
% of Gross Profit 10.36% 12.34% 15.68%
Operating Expenses $13.94M $13.37M $10.15M
YoY Change 25.48% 31.7% 78.12%
Operating Profit -$4.656M -$4.525M -$4.995M
YoY Change -26.27% -9.41% 177.5%
Interest Expense -$100.0K -$100.0K -$200.0K
YoY Change -50.0% -50.0% 100.0%
% of Operating Profit
Other Income/Expense, Net -$84.00K -$82.00K -$170.0K
YoY Change -48.15% -51.76%
Pretax Income -$4.740M -$4.607M -$5.165M
YoY Change -26.82% -10.8% 158.25%
Income Tax $20.00K $18.00K $14.00K
% Of Pretax Income
Net Earnings -$4.760M -$4.625M -$5.179M
YoY Change -26.76% -10.7% 115.79%
Net Earnings / Revenue -21.49% -22.04% -36.15%
Basic Earnings Per Share
Diluted Earnings Per Share -$139.1K -$134.5K -$163.0K
COMMON SHARES
Basic Shares Outstanding 34.22M shares 34.19M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $88.90M $90.40M $21.20M
YoY Change 375.4% 326.42%
Cash & Equivalents $67.98M $72.34M $21.17M
Short-Term Investments $21.00M $18.00M
Other Short-Term Assets $10.60M $9.500M $4.900M
YoY Change 70.97% 93.88%
Inventory
Prepaid Expenses
Receivables $5.007M $6.505M $6.900M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $104.5M $106.4M $33.00M
YoY Change 208.59% 222.38%
LONG-TERM ASSETS
Property, Plant & Equipment $18.52M $14.25M $14.10M
YoY Change 24.88% 1.07%
Goodwill $0.00
YoY Change
Intangibles $0.00
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.226M $815.0K $10.20M
YoY Change -50.72% -92.01%
Total Long-Term Assets $32.28M $26.91M $24.20M
YoY Change 18.53% 11.21%
TOTAL ASSETS
Total Short-Term Assets $104.5M $106.4M $33.00M
Total Long-Term Assets $32.28M $26.91M $24.20M
Total Assets $136.8M $133.3M $57.20M
YoY Change 123.88% 133.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.986M $2.641M $2.200M
YoY Change -51.38% 20.05%
Accrued Expenses $8.785M $7.089M $7.700M
YoY Change 20.54% -7.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $400.0K $500.0K $800.0K
YoY Change -42.86% -37.5%
Total Short-Term Liabilities $32.40M $28.21M $20.40M
YoY Change 11.01% 38.3%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $46.00K $7.000M
YoY Change -100.0% -99.34%
Other Long-Term Liabilities $1.165M $7.000K $18.20M
YoY Change 1053.47% -99.96%
Total Long-Term Liabilities $1.165M $53.00K $25.20M
YoY Change -81.77% -99.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.40M $28.21M $20.40M
Total Long-Term Liabilities $1.165M $53.00K $25.20M
Total Liabilities $57.87M $52.03M $45.50M
YoY Change 4.5% 14.35%
SHAREHOLDERS EQUITY
Retained Earnings -$64.37M -$59.61M
YoY Change 43.89%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $20.00K
YoY Change
Treasury Stock Shares 1.000K shares
Shareholders Equity $78.94M $81.27M $11.70M
YoY Change
Total Liabilities & Shareholders Equity $136.8M $133.3M $57.20M
YoY Change 123.88% 133.04%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income -$4.760M -$4.625M -$5.179M
YoY Change -26.76% -10.7% 115.79%
Depreciation, Depletion And Amortization $961.0K $1.092M $809.0K
YoY Change 6.78% 34.98% -21.46%
Cash From Operating Activities -$1.030M -$150.0K -$1.390M
YoY Change -21.37% -89.21% 19.83%
INVESTING ACTIVITIES
Capital Expenditures -$1.220M -$1.350M -$2.590M
YoY Change 12.96% -47.88% 10.21%
Acquisitions
YoY Change
Other Investing Activities -$2.910M -$18.79M $0.00
YoY Change -100.0%
Cash From Investing Activities -$4.140M -$20.13M -$2.590M
YoY Change 283.33% 677.22% -5.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 810.0K -2.290M -390.0K
YoY Change -836.36% 487.18% -23.53%
NET CHANGE
Cash From Operating Activities -1.030M -150.0K -1.390M
Cash From Investing Activities -4.140M -20.13M -2.590M
Cash From Financing Activities 810.0K -2.290M -390.0K
Net Change In Cash -4.360M -22.57M -4.370M
YoY Change 74.4% 416.48% -0.68%
FREE CASH FLOW
Cash From Operating Activities -$1.030M -$150.0K -$1.390M
Capital Expenditures -$1.220M -$1.350M -$2.590M
Free Cash Flow $190.0K $1.200M $1.200M
YoY Change -182.61% 0.0% 0.84%

Facts In Submission

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us-gaap Interest Income Other
InterestIncomeOther
5000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
800000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1100000 USD
CY2014Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
300000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
55372000 USD
CY2014Q3 us-gaap Liabilities
Liabilities
52030000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
61108000 USD
CY2014Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
133297000 USD
CY2014Q3 us-gaap Liabilities Current
LiabilitiesCurrent
28214000 USD
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
29191000 USD
CY2014Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
46000 USD
CY2013Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6288000 USD
CY2014Q3 us-gaap Loss On Contracts
LossOnContracts
0 USD
CY2013Q3 us-gaap Loss On Contracts
LossOnContracts
88000 USD
us-gaap Loss On Contracts
LossOnContracts
0 USD
us-gaap Loss On Contracts
LossOnContracts
236000 USD
CY2013Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
0 USD
CY2014Q3 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
18028000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
22492000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
80523000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-22600000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10229000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-201000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4258000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-4258000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
35000 USD
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
-5179000 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
-4625000 USD
CY2013Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
us-gaap Net Income Loss
NetIncomeLoss
-14874000 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
101000 USD
CY2014Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
7000 USD
us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
0 USD
us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
46000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
0 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
18072000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
125000 USD
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
16899000 USD
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
504000 USD
CY2014Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-82000 USD
CY2013Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-170000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-337000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-408000 USD
CY2014Q3 us-gaap Operating Expenses
OperatingExpenses
13371000 USD
us-gaap Operating Expenses
OperatingExpenses
26628000 USD
CY2013Q3 us-gaap Operating Expenses
OperatingExpenses
10153000 USD
us-gaap Operating Expenses
OperatingExpenses
38211000 USD
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-4995000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-10807000 USD
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-4525000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-14415000 USD
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
29140000 USD
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
3371000 USD
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
3289000 USD
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
3023000 USD
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
2054000 USD
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
3198000 USD
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
2033000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2488000 USD
CY2014Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
815000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-11376000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5179000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-14894000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-4645000 USD
CY2014Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-20000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-20000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10058000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3815000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
606000 USD
CY2014Q3 us-gaap Reimbursement Revenue
ReimbursementRevenue
200000 USD
us-gaap Reimbursement Revenue
ReimbursementRevenue
300000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
18710000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
2682000 USD
CY2013Q3 us-gaap Reimbursement Revenue
ReimbursementRevenue
100000 USD
us-gaap Reimbursement Revenue
ReimbursementRevenue
500000 USD
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2014Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2014Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
0 shares
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1250967 shares
CY2014Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
1250967 shares
CY2014Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
1250967 shares
CY2013Q4 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
1740000 USD
CY2014Q3 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
CY2014Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2321000 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1079000 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
86286000 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
6350000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
12500000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1053000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
339000 USD
CY2014Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14251000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14831000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
510000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
6277000 USD
CY2014Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3155000 USD
CY2013Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2259000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
8678000 USD
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
116000 USD
CY2014Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
829000 USD
CY2014Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-59606000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-44732000 USD
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
-56000 USD
us-gaap Revenue Recognition Sales Returns Reserve For Sales Returns
RevenueRecognitionSalesReturnsReserveForSalesReturns
-51000 USD
CY2014Q3 us-gaap Revenues
Revenues
20989000 USD
us-gaap Revenues
Revenues
41203000 USD
CY2013Q3 us-gaap Revenues
Revenues
14325000 USD
us-gaap Revenues
Revenues
56981000 USD
CY2014Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
5642000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
11797000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
17183000 USD
CY2013Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
4599000 USD
CY2014Q3 us-gaap Share Based Compensation
ShareBasedCompensation
1101000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1122000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3087000 USD
CY2013Q3 us-gaap Share Based Compensation
ShareBasedCompensation
412000 USD
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
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
9.80
CY2014Q3 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
2.05
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P5Y2M12D
CY2014Q3 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
5.45
CY2014Q3 qtwo Availableforsale Securities Accumulated Gross Unrealized Lossbefore Tax
AvailableforsaleSecuritiesAccumulatedGrossUnrealizedLossbeforeTax
20000 USD
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.468
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.465
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
0.468
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.016
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.013
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.02
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.013
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.007
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
4400000 USD
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
100000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
9100000 USD
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1400000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
48000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2258000 shares
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.17
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.20
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.55
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.09
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6551000 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
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.45
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.97
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
7.22
CY2014Q3 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
3096000 shares
CY2014Q3 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
6551000 shares
CY2013Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y9M18D
CY2014Q3 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
CY2014Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
500000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1300000 USD
CY2013Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
500000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1100000 USD
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P5Y9M18D
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1081000 shares
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
-36316000 USD
CY2014Q3 us-gaap Stockholders Equity
StockholdersEquity
81267000 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>
CY2014Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
34171000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
27522000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
11794000 shares
CY2013Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
12045000 shares
CY2014Q3 qtwo Allowancefor Sales Credits
AllowanceforSalesCredits
200000 USD
CY2013Q4 qtwo Allowancefor Sales Credits
AllowanceforSalesCredits
100000 USD
CY2014Q3 qtwo Availableforsale Securities Accumulated Gross Unrealized Gainbefore Tax
AvailableforsaleSecuritiesAccumulatedGrossUnrealizedGainbeforeTax
0 USD
CY2014Q3 qtwo Availableforsale Securities Continuous Unrealized Loss Position Lessthan12 Months Accumulated Loss
AvailableforsaleSecuritiesContinuousUnrealizedLossPositionLessthan12MonthsAccumulatedLoss
20000 USD
CY2013Q4 qtwo Availableforsale Securities Debt Maturities After Twelve Months Fair Value
AvailableforsaleSecuritiesDebtMaturitiesAfterTwelveMonthsFairValue
0 USD
CY2014Q3 qtwo Availableforsale Securities Debt Maturities After Twelve Months Fair Value
AvailableforsaleSecuritiesDebtMaturitiesAfterTwelveMonthsFairValue
13102000 USD
CY2014Q1 qtwo Convertible Stock Shares Issued Upon Conversion
ConvertibleStockSharesIssuedUponConversion
1 shares
CY2014Q3 qtwo Deferred Implementation Costs Current
DeferredImplementationCostsCurrent
2037000 USD
CY2013Q4 qtwo Deferred Implementation Costs Current
DeferredImplementationCostsCurrent
1814000 USD
CY2014Q3 qtwo Deferred Implementation Costs Noncurrent
DeferredImplementationCostsNoncurrent
5344000 USD
CY2013Q4 qtwo Deferred Implementation Costs Noncurrent
DeferredImplementationCostsNoncurrent
4560000 USD
CY2013Q4 qtwo Deferred Sales Commissions Currentand Noncurrent
DeferredSalesCommissionsCurrentandNoncurrent
4600000 USD
CY2014Q3 qtwo Deferred Sales Commissions Currentand Noncurrent
DeferredSalesCommissionsCurrentandNoncurrent
6300000 USD
CY2014Q3 qtwo Deferred Solution Costs Current
DeferredSolutionCostsCurrent
4324000 USD
CY2013Q4 qtwo Deferred Solution Costs Current
DeferredSolutionCostsCurrent
3124000 USD
CY2014Q3 qtwo Deferred Solution Costs Noncurrent
DeferredSolutionCostsNoncurrent
6503000 USD
CY2013Q4 qtwo Deferred Solution Costs Noncurrent
DeferredSolutionCostsNoncurrent
5358000 USD
qtwo Implementation Costs Capitalized
ImplementationCostsCapitalized
3000000 USD
CY2013Q3 qtwo Implementation Costs Capitalized
ImplementationCostsCapitalized
900000 USD
qtwo Implementation Costs Capitalized
ImplementationCostsCapitalized
2600000 USD
CY2014Q3 qtwo Implementation Costs Capitalized
ImplementationCostsCapitalized
1200000 USD
qtwo Increase Decreasein Deferred Implementation Costs
IncreaseDecreaseinDeferredImplementationCosts
3049000 USD
qtwo Increase Decreasein Deferred Implementation Costs
IncreaseDecreaseinDeferredImplementationCosts
2550000 USD
qtwo Increase Decreasein Deferred Solutionand Other Costs
IncreaseDecreaseinDeferredSolutionandOtherCosts
3500000 USD
qtwo Increase Decreasein Deferred Solutionand Other Costs
IncreaseDecreaseinDeferredSolutionandOtherCosts
1947000 USD
qtwo Interestand Other Expense Nonoperating
InterestandOtherExpenseNonoperating
342000 USD
CY2014Q3 qtwo Interestand Other Expense Nonoperating
InterestandOtherExpenseNonoperating
107000 USD
qtwo Interestand Other Expense Nonoperating
InterestandOtherExpenseNonoperating
438000 USD
CY2013Q3 qtwo Interestand Other Expense Nonoperating
InterestandOtherExpenseNonoperating
170000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001410384
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
34218697 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
0001410384-14-000053-index-headers.html Edgar Link pending
0001410384-14-000053-index.html Edgar Link pending
0001410384-14-000053.txt Edgar Link pending
0001410384-14-000053-xbrl.zip Edgar Link pending
a93014exhibit102.htm Edgar Link pending
a93014exhibit311.htm Edgar Link pending
a93014exhibit312.htm Edgar Link pending
a93014exhibit321.htm Edgar Link pending
a93014exhibit322.htm Edgar Link pending
a93014qtwo10q.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
qtwo-20140930.xml Edgar Link completed
qtwo-20140930.xsd Edgar Link pending
qtwo-20140930_cal.xml Edgar Link unprocessable
qtwo-20140930_def.xml Edgar Link unprocessable
qtwo-20140930_lab.xml Edgar Link unprocessable
qtwo-20140930_pre.xml Edgar Link unprocessable
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report.css Edgar Link pending
Show.js Edgar Link pending