2022 Q4 Form 10-Q Financial Statement

#000141038422000071 Filed on November 07, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $146.5M $144.8M
YoY Change 11.11% 14.21%
Cost Of Revenue $80.34M $77.90M
YoY Change 10.96% 11.72%
Gross Profit $66.20M $66.86M
YoY Change 11.29% 17.27%
Gross Profit Margin 45.18% 46.19%
Selling, General & Admin $52.20M $50.58M
YoY Change 22.76% 17.58%
% of Gross Profit 78.85% 75.66%
Research & Development $34.04M $33.10M
YoY Change 13.6% 7.59%
% of Gross Profit 51.42% 49.51%
Depreciation & Amortization $16.42M $15.29M
YoY Change 15.22% 8.59%
% of Gross Profit 24.81% 22.87%
Operating Expenses $91.22M $93.95M
YoY Change 18.59% 17.46%
Operating Profit -$25.02M -$27.09M
YoY Change 43.48% 17.93%
Interest Expense $811.0K -$231.0K
YoY Change -111.45% -97.12%
% of Operating Profit
Other Income/Expense, Net -$231.0K
YoY Change -97.12%
Pretax Income -$31.68M -$27.32M
YoY Change 28.52% -11.83%
Income Tax $735.0K $469.0K
% Of Pretax Income
Net Earnings -$32.41M -$27.79M
YoY Change 27.7% -12.01%
Net Earnings / Revenue -22.12% -19.2%
Basic Earnings Per Share -$0.48
Diluted Earnings Per Share -$0.56 -$0.48
COMMON SHARES
Basic Shares Outstanding 57.52M shares 57.31M shares
Diluted Shares Outstanding 57.36M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $433.4M $395.7M
YoY Change 1.32% 0.28%
Cash & Equivalents $199.6M $192.6M
Short-Term Investments $233.8M $203.1M
Other Short-Term Assets $42.08M $47.71M
YoY Change -8.32% -12.85%
Inventory
Prepaid Expenses
Receivables $46.74M $52.60M
Other Receivables $0.00 $0.00
Total Short-Term Assets $531.1M $499.3M
YoY Change 1.65% -0.95%
LONG-TERM ASSETS
Property, Plant & Equipment $56.70M $59.13M
YoY Change -14.88% -11.64%
Goodwill $512.9M $512.9M
YoY Change 0.0% 0.0%
Intangibles $145.7M $146.2M
YoY Change -10.33% -14.48%
Long-Term Investments $200.0K $200.0K
YoY Change
Other Assets $2.259M $1.928M
YoY Change -2.08% -7.4%
Total Long-Term Assets $818.7M $834.1M
YoY Change -5.09% -4.74%
TOTAL ASSETS
Total Short-Term Assets $531.1M $499.3M
Total Long-Term Assets $818.7M $834.1M
Total Assets $1.350B $1.333B
YoY Change -2.55% -3.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.06M $11.66M
YoY Change -5.11% 115.85%
Accrued Expenses $20.75M $15.14M
YoY Change 13.11% -14.04%
Deferred Revenue $117.5M $101.1M
YoY Change 19.02% 0.94%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $10.90M $10.89M
YoY Change
Total Short-Term Liabilities $192.0M $166.2M
YoY Change 14.07% 1.4%
LONG-TERM LIABILITIES
Long-Term Debt $657.8M $657.1M
YoY Change 19.25% 20.64%
Other Long-Term Liabilities $6.189M $3.573M
YoY Change 45.59% -28.9%
Total Long-Term Liabilities $6.189M $3.573M
YoY Change 45.59% -28.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $192.0M $166.2M
Total Long-Term Liabilities $6.189M $3.573M
Total Liabilities $930.7M $903.1M
YoY Change 14.23% 13.18%
SHAREHOLDERS EQUITY
Retained Earnings -$560.3M -$527.9M
YoY Change 13.44% 12.67%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $419.0M $430.3M
YoY Change
Total Liabilities & Shareholders Equity $1.350B $1.333B
YoY Change -2.55% -3.35%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$32.41M -$27.79M
YoY Change 27.7% -12.01%
Depreciation, Depletion And Amortization $16.42M $15.29M
YoY Change 15.22% 8.59%
Cash From Operating Activities $44.80M $6.149M
YoY Change 13.97% -142.72%
INVESTING ACTIVITIES
Capital Expenditures $5.457M -$10.01M
YoY Change -196.55% 205.18%
Acquisitions
YoY Change
Other Investing Activities -$34.57M -$15.37M
YoY Change 511.84% 127.24%
Cash From Investing Activities -$40.03M -$25.39M
YoY Change 254.17% 152.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.628M 451.0K
YoY Change 3654.29% -64.12%
NET CHANGE
Cash From Operating Activities 44.80M 6.149M
Cash From Investing Activities -40.03M -25.39M
Cash From Financing Activities 2.628M 451.0K
Net Change In Cash 7.398M -18.79M
YoY Change -73.65% -18.97%
FREE CASH FLOW
Cash From Operating Activities $44.80M $6.149M
Capital Expenditures $5.457M -$10.01M
Free Cash Flow $39.35M $16.16M
YoY Change -12.49% -245.42%

Facts In Submission

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CY2021Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
163000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1105000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
128000 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-28828000 usd
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-31428000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-80040000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-87240000 usd
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.48
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.48
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.56
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.56
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.34
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.34
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.55
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.55
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57362000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57362000 shares
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
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57205000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57205000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56242000 shares
CY2022Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P24M
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
56242000 shares
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
440939000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
597495000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
570296000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
643364000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
430345000 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
581729000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
430345000 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
581729000 usd
us-gaap Net Income Loss
NetIncomeLoss
-76572000 usd
us-gaap Net Income Loss
NetIncomeLoss
-87365000 usd
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
17227000 usd
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
17394000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
45237000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
40580000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2043000 usd
CY2022Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.40
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
0 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
19398000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1550000 usd
us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
-311000 usd
us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
-751000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
51208000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
41796000 usd
us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
-17000 usd
us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
943000 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
52000 usd
qtwo Allowance For Credit Losses
AllowanceForCreditLosses
-56000 usd
qtwo Allowance For Credit Losses
AllowanceForCreditLosses
-50000 usd
qtwo Allowancefor Doubtful Accounts Allowancefor Sales Credits
AllowanceforDoubtfulAccountsAllowanceforSalesCredits
58000 usd
qtwo Allowancefor Doubtful Accounts Allowancefor Sales Credits
AllowanceforDoubtfulAccountsAllowanceforSalesCredits
-25000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-132000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-386000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1513000 usd
qtwo Lease And Other Restructuring Charges
LeaseAndOtherRestructuringCharges
6031000 usd
qtwo Lease And Other Restructuring Charges
LeaseAndOtherRestructuringCharges
2056000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5617000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
16652000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3183000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
9997000 usd
qtwo Increase Decreasein Deferred Solutionand Other Costs
IncreaseDecreaseinDeferredSolutionandOtherCosts
7341000 usd
qtwo Increase Decreasein Deferred Solutionand Other Costs
IncreaseDecreaseinDeferredSolutionandOtherCosts
9631000 usd
qtwo Increase Decreasein Deferred Implementation Costs
IncreaseDecreaseinDeferredImplementationCosts
10666000 usd
qtwo Increase Decreasein Deferred Implementation Costs
IncreaseDecreaseinDeferredImplementationCosts
10260000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
4620000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
3185000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-5677000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-6324000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1622000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3168000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-16630000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1029000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-5973000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
8554000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-8090000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-7528000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-8246000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-8386000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
214084000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
88857000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
113156000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
119650000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8933000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
16059000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
64652000 usd
us-gaap Payments For Software
PaymentsForSoftware
15662000 usd
us-gaap Payments For Software
PaymentsForSoftware
3908000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-125523000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-53826000 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
63692000 usd
us-gaap Payments For Proceeds From Hedge Financing Activities
PaymentsForProceedsFromHedgeFinancingActivities
0 usd
us-gaap Payments For Proceeds From Hedge Financing Activities
PaymentsForProceedsFromHedgeFinancingActivities
-26295000 usd
us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
0 usd
us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
19655000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3254000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5822000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3254000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-51230000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-130515000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-113442000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
325821000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
411185000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
195306000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
297743000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
637000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
839000 usd
us-gaap Interest Paid Net
InterestPaidNet
1486000 usd
us-gaap Interest Paid Net
InterestPaidNet
1699000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
200000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
30000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2783000 usd
qtwo Property And Equipment Acquired Through Tenant Improvement Allowance
PropertyAndEquipmentAcquiredThroughTenantImprovementAllowance
0 usd
qtwo Property And Equipment Acquired Through Tenant Improvement Allowance
PropertyAndEquipmentAcquiredThroughTenantImprovementAllowance
9692000 usd
qtwo Data Center Assets Acquired Under Deferred Payment Arrangements Or Financing Agreements
DataCenterAssetsAcquiredUnderDeferredPaymentArrangementsOrFinancingAgreements
0 usd
qtwo Data Center Assets Acquired Under Deferred Payment Arrangements Or Financing Agreements
DataCenterAssetsAcquiredUnderDeferredPaymentArrangementsOrFinancingAgreements
449000 usd
qtwo Contract With Customer Liability Increase Decrease From Cash Receipts
ContractWithCustomerLiabilityIncreaseDecreaseFromCashReceipts
-408400000 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 the conversion features of convertible notes; the impairment assessment of long-lived assets; 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
300000 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
100000 usd
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
400000 usd
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
0 usd
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
200000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
300000 usd
CY2022Q3 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
5600000 usd
CY2021Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
4800000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
400000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
200000 usd
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
400000 usd
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
100000 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
600000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
500000 usd
CY2022Q3 qtwo Accounts Receivable Allowance For Credit Loss Sales Credits
AccountsReceivableAllowanceForCreditLossSalesCredits
1200000 usd
CY2021Q4 qtwo Accounts Receivable Allowance For Credit Loss Sales Credits
AccountsReceivableAllowanceForCreditLossSalesCredits
1900000 usd
qtwo Contract With Customer Liability Increase From Current Year Invoices
ContractWithCustomerLiabilityIncreaseFromCurrentYearInvoices
332100000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-86900000 usd
qtwo Increase Decreasein Contractwith Customer Liability Net Contract Assetsand Contract Liabilities
IncreaseDecreaseinContractwithCustomerLiabilityNetContractAssetsandContractLiabilities
-4500000 usd
CY2022Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1390000000 usd
CY2022Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.48
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
144751000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
126736000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
419131000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
366829000 usd
CY2022Q3 us-gaap Advertising Expense
AdvertisingExpense
1000000 usd
CY2021Q3 us-gaap Advertising Expense
AdvertisingExpense
1000000 usd
us-gaap Advertising Expense
AdvertisingExpense
3300000 usd
us-gaap Advertising Expense
AdvertisingExpense
1700000 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
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-27791000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-31583000 usd
us-gaap Net Income Loss
NetIncomeLoss
-76572000 usd
us-gaap Net Income Loss
NetIncomeLoss
-87365000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57362000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57362000 shares
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
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57205000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57205000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56242000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
56242000 shares
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.48
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.48
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.56
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.56
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.34
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.34
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.55
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.55
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9570000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2989000 shares
CY2022Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
78.75
CY2021Q3 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Period Increase Decrease
DebtSecuritiesAvailableForSaleAllowanceForCreditLossPeriodIncreaseDecrease
0 usd
CY2022Q3 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Period Increase Decrease
DebtSecuritiesAvailableForSaleAllowanceForCreditLossPeriodIncreaseDecrease
0 usd
CY2022Q3 us-gaap Equity Method Investments
EquityMethodInvestments
200000 usd
CY2022Q3 us-gaap Cash
Cash
115300000 usd
CY2021Q4 us-gaap Cash
Cash
126900000 usd
CY2022Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
205478000 usd
CY2022Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 usd
CY2022Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
2586000 usd
CY2022Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
1800000 usd
CY2022Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
202892000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
105101000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
3000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
226000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
104878000 usd
CY2022Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
153562000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
63935000 usd
CY2022Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
49330000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
40943000 usd
CY2022Q3 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
202892000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
104878000 usd
CY2022Q3 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 usd
CY2022Q3 qtwo Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Amortized Cost
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAmortizedCost
179805000 usd
CY2022Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
2055000 usd
CY2022Q3 qtwo Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Amortized Cost
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAmortizedCost
19506000 usd
CY2022Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
531000 usd
CY2021Q4 qtwo Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Amortized Cost
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAmortizedCost
90158000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
226000 usd
CY2021Q4 qtwo Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Amortized Cost
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAmortizedCost
0 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0 usd
CY2022Q3 us-gaap Goodwill
Goodwill
512900000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
512900000 usd
CY2021Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
271956000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
125759000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
146197000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
258979000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
96518000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
162461000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
11151000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
44102000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
38992000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
26753000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
20184000 usd
CY2022Q3 qtwo Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
5015000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
146197000 usd
qtwo Numberof Buildings Occupied
NumberofBuildingsOccupied
2 building
CY2021Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
2100000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
5700000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
5400000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
3158000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
12374000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
11410000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
10480000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
9458000 usd
CY2022Q3 qtwo Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
31692000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
78572000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
13837000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
64735000 usd
CY2022Q3 qtwo Lessee Operating Lease Lease Renewal Reasonably Certain Liability
LesseeOperatingLeaseLeaseRenewalReasonablyCertainLiability
14000000 usd
CY2022Q3 us-gaap Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
8956000 usd
CY2022Q3 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
45662000 usd
CY2022Q3 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
18316000 usd
CY2022Q3 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
359109000 usd
CY2022Q3 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
320936000 usd
CY2022Q3 qtwo Contractual Obligation Duein Fifth Yearand Thereafter
ContractualObligationDueinFifthYearandThereafter
7000000 usd
CY2022Q3 us-gaap Contractual Obligation
ContractualObligation
759979000 usd
CY2022Q1 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
700000 usd
CY2022Q3 qtwo Number Of Capped Call Transactions
NumberOfCappedCallTransactions
2 cappedcalltransaction
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Purchase Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPricePurchaseDate
0.15
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16764000 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14069000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
48300000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
40791000 usd
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.017
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.019
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.029
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.011
CY2022Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
500000 usd
us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2100000 usd
qtwo Unrecognized Tax Benefits Decrease Due To Income Tax Benefit
UnrecognizedTaxBenefitsDecreaseDueToIncomeTaxBenefit
500000 usd

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