Q2 Holdings, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $794.8M | $696.5M | $624.6M | $565.7M | $498.7M |
| Cost of revenue | $365.1M | $342.0M | $322.0M | $309.3M | $273.7M |
| Gross profit | $429.7M | $354.5M | $302.7M | $256.3M | $225.0M |
| Research and development | $154.3M | $143.2M | $137.3M | $130.1M | $117.0M |
| Operating expenses | $389.8M | $396.7M | $388.7M | $361.1M | $303.0M |
| Operating income | $39.9M | -$42.3M | -$86.1M | -$104.8M | -$78.0M |
| Interest expense | $4.9M | $4.7M | $4.6M | — | — |
| Pretax income | $54.7M | -$30.9M | -$61.8M | -$106.1M | -$111.1M |
| Income tax expense | $2.7M | $7.7M | $3.6M | $2.9M | $1.6M |
| Net income | $52.0M | -$38.5M | -$65.4M | -$109.0M | -$112.7M |
| Balance Sheet | |||||
| Cash and equivalents | $367.6M | $358.6M | $229.7M | $199.6M | $322.8M |
| Current assets | $556.1M | $558.7M | $428.0M | $531.1M | $522.5M |
| Total assets | $1.3B | $1.3B | $1.2B | $1.3B | $1.4B |
| Current liabilities | $544.1M | $398.9M | $191.6M | $192.0M | $168.4M |
| Total liabilities | $614.5M | $777.0M | $752.9M | $930.7M | $814.7M |
| Stockholders' equity | $661.8M | $517.8M | $448.5M | $419.0M | $570.3M |
| Cash Flow Statement | |||||
| Cash from operations | $201.5M | $135.8M | $70.3M | $36.6M | $31.1M |
| Depreciation and amortization | $53.4M | $68.8M | $71.7M | $61.7M | $54.8M |
| Stock-based compensation | $86.9M | $89.2M | $79.2M | $65.2M | $55.9M |
| Capital expenditure | $6.8M | $6.7M | $5.7M | $11.1M | $19.8M |
| Free cash flow | $194.7M | $129.1M | $64.6M | $25.4M | $11.3M |
| Share repurchases | $5.0M | $0 | $0 | — | — |
| Impairments | $0 | $0 | $0 | $0 | — |
Shares outstanding 62.6M · Free float 96.3%
Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.