2021 Q4 Form 10-Q Financial Statement

#000141038421000127 Filed on November 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $131.9M $126.7M $103.8M
YoY Change 21.02% 22.09% 30.24%
Cost Of Revenue $72.41M $69.73M $57.37M
YoY Change 12.3% 21.55% 41.83%
Gross Profit $59.48M $57.01M $46.44M
YoY Change 33.64% 22.77% 18.3%
Gross Profit Margin 45.1% 44.98% 44.74%
Selling, General & Admin $42.52M $43.02M $35.97M
YoY Change 22.24% 19.6% 23.52%
% of Gross Profit 71.48% 75.45% 77.45%
Research & Development $29.97M $30.76M $23.57M
YoY Change 18.85% 30.53% 20.14%
% of Gross Profit 50.37% 53.96% 50.75%
Depreciation & Amortization $14.25M $14.08M $12.93M
YoY Change 10.83% 8.91% 118.04%
% of Gross Profit 23.96% 24.7% 27.84%
Operating Expenses $76.92M $79.98M $66.29M
YoY Change 18.37% 20.66% 25.9%
Operating Profit -$17.44M -$22.97M -$19.85M
YoY Change -14.83% 15.75% 48.18%
Interest Expense -$7.080M -$8.015M -$6.800M
YoY Change -6.84% 17.87% 30.77%
% of Operating Profit
Other Income/Expense, Net -$8.015M -$6.757M
YoY Change 18.62% 29.79%
Pretax Income -$24.65M -$30.99M -$26.60M
YoY Change -33.43% 16.47% 43.03%
Income Tax $734.0K $596.0K $116.0K
% Of Pretax Income
Net Earnings -$25.38M -$31.58M -$26.72M
YoY Change -32.89% 18.2% 43.9%
Net Earnings / Revenue -19.24% -24.92% -25.74%
Basic Earnings Per Share -$0.56 -$0.50
Diluted Earnings Per Share -$446.5K -$0.56 -$0.50
COMMON SHARES
Basic Shares Outstanding 56.82M shares 56.56M shares 53.57M shares
Diluted Shares Outstanding 56.56M shares 53.57M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $427.7M $394.6M $396.1M
YoY Change -20.66% -0.38% -37.81%
Cash & Equivalents $322.8M $294.8M $365.2M
Short-Term Investments $104.9M $99.81M $30.90M
Other Short-Term Assets $45.90M $54.74M $41.20M
YoY Change 15.62% 32.87% 53.73%
Inventory
Prepaid Expenses
Receivables $46.98M $53.50M $42.13M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $522.5M $504.1M $480.6M
YoY Change -15.22% 4.89% -30.23%
LONG-TERM ASSETS
Property, Plant & Equipment $66.61M $66.92M $51.59M
YoY Change 34.4% 29.71% 29.24%
Goodwill $512.9M $512.9M $462.3M
YoY Change 10.95% 10.95% 328.45%
Intangibles $162.5M $171.0M $194.3M
YoY Change -12.12% -12.03% 258.78%
Long-Term Investments
YoY Change
Other Assets $2.307M $2.082M $2.826M
YoY Change -4.91% -26.33% -19.3%
Total Long-Term Assets $862.6M $875.6M $812.9M
YoY Change 7.76% 7.71% 181.43%
TOTAL ASSETS
Total Short-Term Assets $522.5M $504.1M $480.6M
Total Long-Term Assets $862.6M $875.6M $812.9M
Total Assets $1.385B $1.380B $1.294B
YoY Change -2.23% 6.66% 32.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.60M $5.402M $15.41M
YoY Change 34.36% -64.95% 78.98%
Accrued Expenses $18.34M $17.62M $21.15M
YoY Change -18.27% -16.71% 71.15%
Deferred Revenue $98.69M $100.1M $77.87M
YoY Change 20.45% 28.57% 49.62%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $168.4M $163.9M $145.1M
YoY Change 15.45% 13.02% 24.86%
LONG-TERM LIABILITIES
Long-Term Debt $551.6M $544.7M $441.5M
YoY Change -1.06% 23.38% 5.29%
Other Long-Term Liabilities $4.251M $5.025M $5.763M
YoY Change 3.63% -12.81% 24.23%
Total Long-Term Liabilities $4.251M $5.025M $5.763M
YoY Change 3.63% -12.81% 24.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $168.4M $163.9M $145.1M
Total Long-Term Liabilities $4.251M $5.025M $5.763M
Total Liabilities $814.7M $797.9M $656.3M
YoY Change 5.35% 21.59% 10.14%
SHAREHOLDERS EQUITY
Retained Earnings -$493.9M -$468.6M -$343.4M
YoY Change 29.58% 36.46% 50.84%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $570.3M $581.7M $637.3M
YoY Change
Total Liabilities & Shareholders Equity $1.385B $1.380B $1.294B
YoY Change -2.23% 6.66% 32.3%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income -$25.38M -$31.58M -$26.72M
YoY Change -32.89% 18.2% 43.9%
Depreciation, Depletion And Amortization $14.25M $14.08M $12.93M
YoY Change 10.83% 8.91% 118.04%
Cash From Operating Activities $39.31M -$14.40M $5.230M
YoY Change 105.92% -375.24% -69.86%
INVESTING ACTIVITIES
Capital Expenditures -$5.652M -$3.281M -$2.020M
YoY Change -24.44% 62.43% 23.93%
Acquisitions
YoY Change
Other Investing Activities -$5.651M -$6.765M -$18.31M
YoY Change -94.39% -63.05% 2217.72%
Cash From Investing Activities -$11.30M -$10.05M -$20.32M
YoY Change -89.56% -50.56% 743.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 70.00K 1.257M 4.040M
YoY Change -99.95% -68.89% 21.69%
NET CHANGE
Cash From Operating Activities 39.31M -14.40M 5.230M
Cash From Investing Activities -11.30M -10.05M -20.32M
Cash From Financing Activities 70.00K 1.257M 4.040M
Net Change In Cash 28.08M -23.18M -11.05M
YoY Change -33.97% 109.81% -160.51%
FREE CASH FLOW
Cash From Operating Activities $39.31M -$14.40M $5.230M
Capital Expenditures -$5.652M -$3.281M -$2.020M
Free Cash Flow $44.96M -$11.11M $7.250M
YoY Change 69.22% -253.3% -61.8%

Facts In Submission

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CY2021Q3 us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
0 USD
CY2020Q3 us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
0 USD
us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
0 USD
us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
13244000 USD
CY2021Q3 qtwo Operating Leases Rent Expense Unoccupied
OperatingLeasesRentExpenseUnoccupied
1244000 USD
CY2020Q3 qtwo Operating Leases Rent Expense Unoccupied
OperatingLeasesRentExpenseUnoccupied
1468000 USD
qtwo Operating Leases Rent Expense Unoccupied
OperatingLeasesRentExpenseUnoccupied
2056000 USD
qtwo Operating Leases Rent Expense Unoccupied
OperatingLeasesRentExpenseUnoccupied
2136000 USD
CY2021Q3 us-gaap Operating Expenses
OperatingExpenses
79982000 USD
CY2020Q3 us-gaap Operating Expenses
OperatingExpenses
66285000 USD
us-gaap Operating Expenses
OperatingExpenses
225979000 USD
us-gaap Operating Expenses
OperatingExpenses
209446000 USD
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-22972000 USD
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-19847000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-60428000 USD
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-31428000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-26706000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-87240000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-99851000 USD
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.56
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.56
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.50
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.50
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.55
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.55
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.95
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.95
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56559000 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
56559000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53574000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53574000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
56242000 shares
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11596000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56242000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51141000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51141000 shares
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14069000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
40791000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
36915000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
597495000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
647492000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
643364000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
379412000 USD
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
581729000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
637258000 USD
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
581729000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
637258000 USD
us-gaap Net Income Loss
NetIncomeLoss
-87365000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
15381000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1427000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
19398000 USD
us-gaap Net Income Loss
NetIncomeLoss
-99799000 USD
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
17394000 USD
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
13947000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
40580000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
38975000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1550000 USD
us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
-751000 USD
us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
-114000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
41796000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
38076000 USD
us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
0 USD
us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
14000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
52000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
313000 USD
qtwo Allowance For Credit Losses
AllowanceForCreditLosses
-50000 USD
qtwo Allowance For Credit Losses
AllowanceForCreditLosses
-326000 USD
qtwo Allowancefor Doubtful Accounts Allowancefor Sales Credits
AllowanceforDoubtfulAccountsAllowanceforSalesCredits
-25000 USD
qtwo Allowancefor Doubtful Accounts Allowancefor Sales Credits
AllowanceforDoubtfulAccountsAllowanceforSalesCredits
20000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-386000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-94000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1513000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
qtwo Operating Lease Unoccupied Leases Expenses
OperatingLeaseUnoccupiedLeasesExpenses
2056000 USD
qtwo Operating Lease Unoccupied Leases Expenses
OperatingLeaseUnoccupiedLeasesExpenses
2136000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
16652000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
20263000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
9997000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2644000 USD
qtwo Increase Decreasein Deferred Solutionand Other Costs
IncreaseDecreaseinDeferredSolutionandOtherCosts
9631000 USD
qtwo Increase Decreasein Deferred Solutionand Other Costs
IncreaseDecreaseinDeferredSolutionandOtherCosts
14611000 USD
qtwo Increase Decreasein Deferred Implementation Costs
IncreaseDecreaseinDeferredImplementationCosts
10260000 USD
qtwo Increase Decreasein Deferred Implementation Costs
IncreaseDecreaseinDeferredImplementationCosts
13922000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1029000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-5366000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
8554000 USD
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
3185000 USD
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
4205000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-6324000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-3395000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3168000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-69000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
19129000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-7528000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
5621000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-8386000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-21979000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
88857000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
23619000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
119650000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
24871000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
16059000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
16538000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
64652000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments For Software
PaymentsForSoftware
3908000 USD
us-gaap Payments For Software
PaymentsForSoftware
653000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-53826000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15939000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
311321000 USD
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
63692000 USD
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 USD
us-gaap Payments For Proceeds From Hedge Financing Activities
PaymentsForProceedsFromHedgeFinancingActivities
-26295000 USD
us-gaap Payments For Proceeds From Hedge Financing Activities
PaymentsForProceedsFromHedgeFinancingActivities
0 USD
us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
19655000 USD
us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5822000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
8568000 USD
qtwo Payment Proceeds For Contingent Consideration Liability Financing Activities
PaymentProceedsForContingentConsiderationLiabilityFinancingActivities
0 USD
qtwo Payment Proceeds For Contingent Consideration Liability Financing Activities
PaymentProceedsForContingentConsiderationLiabilityFinancingActivities
16862000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-51230000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
303027000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-113442000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
265109000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
411185000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
103562000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
297743000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
368671000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
839000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
381000 USD
us-gaap Interest Paid Net
InterestPaidNet
1699000 USD
us-gaap Interest Paid Net
InterestPaidNet
2910000 USD
qtwo Share Based Payment Arrangement Shares Acquired To Settle Award
ShareBasedPaymentArrangementSharesAcquiredToSettleAward
200000 USD
qtwo Share Based Payment Arrangement Shares Acquired To Settle Award
ShareBasedPaymentArrangementSharesAcquiredToSettleAward
628000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
449000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1696000 USD
us-gaap Use Of Estimates
UseOfEstimates
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: revenue recognition including determining the nature and timing of satisfaction of performance obligations, variable consideration, standalone selling price, and other revenue items requiring significant judgment; estimate of credit losses; stock-based compensation; the carrying value of goodwill; the fair value of acquired intangibles; the capitalization of software development costs; the useful lives of property and equipment and long-lived intangible assets; fair value of contingent consideration; fair value of the conversion features of convertible notes; 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.
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents, restricted cash, investments, accounts receivable and contract assets. The Company's cash and cash equivalents, restricted cash and investments are placed with high credit quality financial institutions and issuers, and at times may exceed federally-insured limits. The Company has not experienced any loss relating to cash and cash equivalents or restricted cash in these accounts. The Company provides credit, in the normal course of business, to a majority of its customers. The Company performs periodic credit evaluations of its customers' financial condition and generally does not require collateral.
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
100000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
200000 USD
CY2020 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
0 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
0 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
300000 USD
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
300000 USD
CY2021Q3 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
3700000 USD
CY2020Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
2100000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
200000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1000000 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
100000 USD
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
600000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
600000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
600000 USD
CY2021Q3 qtwo Accounts Receivable Allowance For Credit Loss Sales Credits
AccountsReceivableAllowanceForCreditLossSalesCredits
600000 USD
CY2020Q4 qtwo Accounts Receivable Allowance For Credit Loss Sales Credits
AccountsReceivableAllowanceForCreditLossSalesCredits
500000 USD
qtwo Contract With Customer Liability Increase From Cash Receipts
ContractWithCustomerLiabilityIncreaseFromCashReceipts
372900000 USD
qtwo Increase Decreasein Contractwith Customer Liability Net Contract Assetsand Contract Liabilities
IncreaseDecreaseinContractwithCustomerLiabilityNetContractAssetsandContractLiabilities
3200000 USD
qtwo Contract With Customer Liability Increase From Current Year Invoices
ContractWithCustomerLiabilityIncreaseFromCurrentYearInvoices
300400000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
66200000 USD
CY2021Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1300000000 USD
CY2021Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.48
CY2021Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P24M
CY2021Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.38
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
126736000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
103804000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
366829000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
293765000 USD
CY2021Q3 us-gaap Advertising Expense
AdvertisingExpense
1000000 USD
CY2020Q3 us-gaap Advertising Expense
AdvertisingExpense
200000 USD
us-gaap Advertising Expense
AdvertisingExpense
1700000 USD
us-gaap Advertising Expense
AdvertisingExpense
600000 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
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-31583000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-26720000 USD
us-gaap Net Income Loss
NetIncomeLoss
-87365000 USD
us-gaap Net Income Loss
NetIncomeLoss
-99799000 USD
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56559000 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
56559000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53574000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53574000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
56242000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56242000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51141000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51141000 shares
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.56
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.56
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.50
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.50
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.55
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.55
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.95
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.95
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2989000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4556000 shares
CY2021Q2 qtwo Escrow Deposit Period Held In Escrow
EscrowDepositPeriodHeldInEscrow
P18M
CY2021Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
6000 USD
CY2020Q3 us-gaap Debt Securities Available For Sale Change In Present Value Expense Reversal
DebtSecuritiesAvailableForSaleChangeInPresentValueExpenseReversal
0 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Change In Present Value Expense Reversal
DebtSecuritiesAvailableForSaleChangeInPresentValueExpenseReversal
0 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
99818000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
19000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
99805000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
131360000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
15000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
23000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
131352000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
99805000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
131352000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
77598000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
131352000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
22207000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
0 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 USD
CY2021Q3 qtwo Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Amortized Cost
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAmortizedCost
45951000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
19000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
45932000 USD
CY2020Q4 qtwo Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Amortized Cost
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAmortizedCost
111565000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
23000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
111542000 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021Q3 us-gaap Goodwill
Goodwill
512900000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
462300000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 operatingSegment
us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 reportingUnit
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
257285000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
86325000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
170960000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
243423000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
58564000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
184859000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
10458000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
41335000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
40578000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
35469000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
23229000 USD
CY2021Q3 qtwo Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
19891000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
170960000 USD
qtwo Numberof Buildings Occupied
NumberofBuildingsOccupied
2 building
CY2021Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
2100000 USD
CY2020Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
1700000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
5400000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
5100000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2914000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
12403000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
12129000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
11147000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
10205000 USD
CY2021Q3 qtwo Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
26729000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
75527000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3169000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
72358000 USD
CY2020Q2 qtwo Termination Fee Paid
TerminationFeePaid
5600000 USD
CY2021Q3 qtwo Termination Fee Paid
TerminationFeePaid
7600000 USD
CY2020Q2 us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
13200000 USD
CY2021Q3 us-gaap Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
6807000 USD
CY2021Q3 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
29358000 USD
CY2021Q3 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
33184000 USD
CY2021Q3 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
7183000 USD
CY2021Q3 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
356309000 USD
CY2021Q3 qtwo Contractual Obligation Duein Fifth Yearand Thereafter
ContractualObligationDueinFifthYearandThereafter
327937000 USD
CY2021Q3 us-gaap Contractual Obligation
ContractualObligation
760778000 USD
CY2020Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
311300000 USD
CY2020Q2 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
12700000 USD
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
670000 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
27.43
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
297000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
19.58
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
373000 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
33.67
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.019
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.004
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.011
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.006
CY2021Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
400000 USD
qtwo Unrecognized Tax Benefits Decrease Due To Income Tax Benefit
UnrecognizedTaxBenefitsDecreaseDueToIncomeTaxBenefit
200000 USD

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