Q2 Holdings, Inc. (QTWO) — Financial statements
Income statement, balance sheet, and cash flow for Q2 Holdings, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 795↑14.1% | 696↑11.5% | 625↑10.4% | 566↑13.4% | 499 | |
| Cost of Revenue | 365↑6.8% | 342↑6.2% | 322↑4.1% | 309↑13.0% | 274 | |
| Gross Profit | 430↑21.2% | 354↑17.1% | 303↑18.1% | 256↑13.9% | 225 | |
| Operating Expenses | ||||||
| R&D Expenses | 154↑7.7% | 143↑4.3% | 137↑5.6% | 130↑11.2% | 117 | |
| General & Administrative Expenses | 126↑2.1% | 123↑11.6% | 110↑22.2% | 90↑15.7% | 78 | |
| Selling & Marketing Expenses | 106↓0.1% | 106↓3.3% | 110↑1.2% | 108↑26.5% | 86 | |
| SG&A Expenses | 231↑1.1% | 229↑4.2% | 220↑10.8% | 198↑21.3% | 163 | |
| Other Expenses | 0.00↓100.0% | 25↓22.3% | 32↓2.9% | 33↑44.4% | 23 | |
| Operating Expenses | 384↓3.2% | 397↑2.1% | 389↑7.6% | 361↑19.2% | 303 | |
| Total Costs & Expenses | 749↑1.4% | 739↑3.9% | 711↑6.0% | 670↑16.3% | 577 | |
| Operating Results | ||||||
| Operating Income | 46↑208.0% | -42↑50.9% | -86↑17.9% | -105↓34.3% | -78 | |
| Depreciation & Amortization | 69↑0.9% | 69↓19.2% | 85↑38.0% | 62↑12.4% | 55 | |
| EBITDA | 115↑168.3% | 43↑47.8% | 29↑176.9% | -38↓62.7% | -23 | |
| EBIT | 46↑276.1% | -26↑53.8% | -56↑43.6% | -99↓27.4% | -78 | |
| Interest & Other Income | ||||||
| Net Interest Income | 15↑30.0% | 11↑161.2% | 4↑432.3% | -1↑95.8% | -32 | |
| Interest Income | 20↑23.8% | 16↑61.8% | 10↑88.3% | 5↑263.3% | 1 | |
| Interest Expense | 5↑9.5% | 5↓13.8% | 6↓14.1% | 7↓79.8% | 33 | |
| Non-Operating Income | 0.00↑100.0% | -16↑45.5% | -30↓458.9% | -5↓14591.9% | 0.04 | |
| Other Income / Expenses | 9↓20.3% | 11↓52.9% | 24↑1944.4% | -1↑96.0% | -33 | |
| Income Before Tax | 55↑277.3% | -31↑50.1% | -62↑41.7% | -106↑4.5% | -111 | |
| Income Tax Expense | 3↓64.6% | 8↑115.5% | 4↑22.5% | 3↑77.0% | 2 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 52↑235.0% | -39↑41.1% | -65↑40.0% | -109↑3.3% | -113 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 52↑235.0% | -39↑41.1% | -65↑40.0% | -109↑3.3% | -113 | |
| Bottom-Line Net Income | 52↑235.0% | -39↑41.1% | -65↑40.0% | -109↑3.3% | -113 | |
| EPS (Basic) | 0.84↑231.3% | -0.64↑42.9% | -1.12↑41.1% | -1.90↑5.0% | -2.00 | |
| EPS (Diluted) | 0.80↑225.0% | -0.64↑42.9% | -1.12↑41.1% | -1.90↑5.0% | -2.00 | |
| Weighted Average Shares | 62↑3.4% | 60↑3.0% | 58↑1.8% | 57↑1.6% | 56 | |
| Weighted Average Diluted Shares | 65↑8.3% | 60↑3.0% | 58↑1.8% | 57↑1.6% | 56 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.