Q2 Holdings, Inc. (QTWO) SEC Filings & Earnings Calls
EquiReason read 10 Q2 Holdings, Inc. SEC filings in the last 12 months. Latest: 10-Q on 2026-07-29 — Q2 Holdings reported strong Q2 2026 results with revenue growth of 12.6% YoY and significant margin expansion..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 4.3B
- P/E TTM
- 49.6
- Dividend yield
- —
- 52-week
- —
- Next earnings
- 28 Oct, in 4 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
29 Jul 202610-QQ2 Holdings reported strong Q2 2026 results with revenue growth of 12.6% YoY and significant margin expansion.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q2-2026 | $220M | +13% y/y |
| Gross margin · Q2-2026 | 59.2% | |
| Net income · Q2-2026 | $30M | +154% y/y |
| Adjusted EBITDA · Q2-2026 | $63M | +37% y/y |
| Subscription ARR · Q2-2026 | $826M | +15% y/y |
| Total ARR · Q2-2026 | $971M | +13% y/y |
| Registered Users · Q2-2026 | 27,800,000 | +6% y/y |
| Net revenue retention rate · FY2025 | 113.0% | |
| Subscription net revenue retention rate · FY2025 | 115.0% | |
| Revenue churn · FY2025 | 5.2% |
Risks flagged
Cloud migration cost variability
“Although cost of revenues may fluctuate on a near-term basis, we expect third-party public cloud service provider costs and other similar investments over the long term to increase cost of revenues in absolute dollars as we grow our business” · word for word
Customer concentration in financial services
“Merger and acquisition activity within our customer base may result in a reduction in the number of Customer Accounts for certain solutions” · word for word
29 Jul 20268-K · 2.02, 8.01Revenue $220M (+13% y/y); GAAP gross margin 59.2; GAAP net income $30M; Guidance: Raised full-year 2026 revenue and adjusted EBITDA guidanceearningsopen
Figures in the filing · each found in the filing text
| Revenue · Q2-2026 | $220M | +13% y/y |
| GAAP gross margin · Q2-2026 | 59.2% | |
| GAAP net income · Q2-2026 | $30M | |
| Non-GAAP gross margin · Q2-2026 | 62.3% | |
| Adjusted EBITDA · Q2-2026 | $63M | |
| Subscription Annualized Recurring Revenue · Q2-2026 | $826M | +15% y/y |
| Remaining Performance Obligations (Backlog) · Q2-2026 | $2.80B | +17% y/y |
Guidance
Raised full-year 2026 revenue and adjusted EBITDA guidance
Raised full-year guidance on both revenue and adjusted EBITDA for 2026, driven by strong Q2 results, record backlog, and debt-free balance sheet.
Risks flagged
No material risks identified in this filing; company is debt-free with strong cash generation.
“Ended quarter debt-free; strong liquidity and buyback authorization.”
29 Apr 20268-K · 2.02Revenue $216M (+14% y/y); GAAP net income $27M (+454% y/y); Adjusted EBITDA $60M (+47% y/y); Guidance: Full-year 2026 revenue guidance raised to $875-882M (from prior); Adj EBITDA $237-242Mearningsopen
Figures in the filing · each found in the filing text
| Revenue · Q1-2026 | $217M | +14% y/y |
| GAAP net income · Q1-2026 | $27M | +454% y/y |
| Adjusted EBITDA · Q1-2026 | $60M | +47% y/y |
| Subscription Annualized Recurring Revenue · Q1-2026 | $802M | +14% y/y |
| Backlog · Q1-2026 | $2.70B | +19% y/y |
| GAAP gross margin · Q1-2026 | 59.1% | |
| Non-GAAP gross margin · Q1-2026 | 62.1% |
Guidance
Full-year 2026 revenue guidance raised to $875-882M (from prior); Adj EBITDA $237-242M
Raised full-year 2026 guidance across revenue and Adj EBITDA; Q2 guidance implies continued growth; strong demand and margin expansion.
Risks flagged
No material risks highlighted; strong execution and guidance raise mitigate downside.
“No risk factors discussed; management tone positive.”
29 Apr 2026DEF 14AProxy statement for 2026 annual meeting, disclosing executive compensation, governance, and performance metrics.open
Figures in the filing · each found in the filing text
| Annual Revenue · FY2025 | $795M | +14% y/y |
| Adjusted EBITDA · FY2025 | $187M | +49% y/y |
| Adjusted EBITDA Margin · FY2025 | 23.5% | |
| Operating Cash Flow · FY2025 | $202M | |
| Bookings (Monthly Recurring Revenue) · FY2025 | $9M | |
| Net Income · FY2025 | $52M | |
| Tier 1 and Enterprise Deals Signed · FY2025 | 26 | |
| Total Stockholder Return (3-year) · 2022-2025 | 42.2% | |
| Say-on-Pay Approval · 2025 | 87.6% | |
| CEO Pay Ratio · FY2025 | $95.00 |
29 Apr 202610-QSubscription Annual Recurring Revenue $802M (+14% y/y); Total Annual Recurring Revenue $945M (+12% y/y); Registered Users 27,800,000 (+6% y/y)open
Figures in the filing · each found in the filing text
| Subscription Annual Recurring Revenue · Q1-2026 | $802M | +14% y/y |
| Total Annual Recurring Revenue · Q1-2026 | $945M | +12% y/y |
| Registered Users · Q1-2026 | 27,800,000 | +6% y/y |
| Revenue · Q1-2026 | $217M | +14% y/y |
| Net Income · Q1-2026 | $27M | +461% y/y |
| Operating Cash Flow · Q1-2026 | $56M | +29% y/y |
| Adjusted EBITDA · Q1-2026 | $60M | +48% y/y |
| Non-GAAP Operating Income · Q1-2026 | $53M | +61% y/y |
| Net Revenue Retention Rate · FY2025 | 113.0% | |
| Subscription Net Revenue Retention Rate · FY2025 | 115.0% |
Guidance
Management expects subscription revenue to continue increasing as a percentage of total revenue, and expects operating margins to improve over the long term due to economies of scale.
Risks flagged
Customer concentration in financial institutions
“While the financial institution market is well-defined due to the regulatory classification of financial institutions, the markets for FinTechs and other financial services providers are broader and more difficult to define” · word for word
Implementation timing variability
“The timing of our implementations varies period-to-period based on our implementation capacity, the number of solutions purchased by our customers, the size and unique needs of our customers and the readiness of our customers to implement our solutions.” · word for word
11 Feb 202610-KRevenue $795M (+14% y/y); Subscription ARR $780M (+14% y/y); Total ARR $921M (+12% y/y)open
Figures in the filing · each found in the filing text
| Revenue · FY2025 | $795M | +14% y/y |
| Subscription ARR · FY2025 | $780M | +14% y/y |
| Total ARR · FY2025 | $921M | +12% y/y |
| Registered Users · FY2025 | 27,300,000 | +11% y/y |
| Net Revenue Retention Rate · FY2025 | 113.0% | |
| Subscription Net Revenue Retention Rate · FY2025 | 115.0% | |
| Revenue Churn · FY2025 | 5.2% | |
| Non-GAAP Operating Income · FY2025 | $154M | +62% y/y |
| Adjusted EBITDA · FY2025 | $187M | +49% y/y |
| Net Income · FY2025 | $52M | +235% y/y |
Risks flagged
Revenue Churn Increase
“annual revenue churn of 5.2%, 4.4% and 6.1% for the years ended December 31, 2025, 2024 and 2023, respectively.” · word for word
Debt Maturity in 2026
“Our indebtedness under our convertible notes may impair our ability to obtain additional financing... a portion of our cash balances may be dedicated to repaying the principal of the 2026 Notes in 2026.” · word for word
11 Feb 20268-K · 2.02Revenue $208M (+14% y/y); GAAP net income $20M; Adjusted EBITDA $51M (+36% y/y); Guidance: Q1 2026 revenue guidance $212.5-$216.5M (+12-14% YoY); adjusted EBITDA $52.5-$55.5M (25-26% margin)earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q4-2025 | $208M | +14% y/y |
| GAAP net income · Q4-2025 | $20M | |
| Adjusted EBITDA · Q4-2025 | $51M | +36% y/y |
| GAAP gross margin · Q4-2025 | 55.4% | |
| Subscription ARR · Q4-2025 | $780M | +14% y/y |
| Backlog (RPO) · Q4-2025 | $2.70B | +21% y/y |
| Revenue (FY) · FY2025 | $795M | +14% y/y |
| GAAP net income (FY) · FY2025 | $52M | |
| Adjusted EBITDA (FY) · FY2025 | $187M | +49% y/y |
| GAAP gross margin (FY) · FY2025 | 54.1% |
Guidance
Q1 2026 revenue guidance $212.5-$216.5M (+12-14% YoY); adjusted EBITDA $52.5-$55.5M (25-26% margin)
Raising full-year 2026 subscription revenue growth outlook; strong guidance reflects confidence in continued momentum.
5 Nov 202510-QQ3 2025 revenue grew 15.2% YoY, gross margin expanded 310 bps, and net income turned positive, with strong ARR growth and a new $150M buyback authorization.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q3-2025 | $202M | +15% y/y |
| Net income (loss) · Q3-2025 | $15M | |
| Subscription ARR · 2025-09-30 | $745M | +14% y/y |
| Total ARR · 2025-09-30 | $888M | +12% y/y |
| Registered Users · 2025-09-30 | 27,000,000 | +11% y/y |
| Installed Customers · 2024-12-31 | 460 | |
| Net revenue retention rate · FY2024 | 109.0% | |
| Subscription net revenue retention rate · FY2024 | 114.0% | |
| Revenue churn · FY2024 | 4.4% | |
| Adjusted EBITDA · Q3-2025 | $49M | +50% y/y |
Risks flagged
Tariff and trade uncertainty
“continued or escalating tariffs may contribute to inflationary pressures or impact the cost structures of our third-party service providers, cloud infrastructure partners or customers, which could affect demand for our solutions and services or increase our cost-of-service delivery over time.” · word for word
Regulatory changes in financial services
“recent changes in the regulatory landscape for financial services and new regulatory developments, including, for example, the GENIUS Act signed into law on July 18, 2025, may impact our prospects' and customers' operations.” · word for word
Geopolitical instability
“Continued heightened geopolitical instability, including acts of war or military conflict, has created additional uncertainty in the marketplace.” · word for word
Customer spending variability
“We continue to see variability in customer demand for certain discretionary elements of our solutions, including professional services.” · word for word
5 Nov 20258-K · 2.02, 8.01Revenue $202M (+15% y/y); GAAP net income $15M; Adjusted EBITDA $49M; Guidance: FY2025 revenue and adjusted EBITDA guidance raised; Q4 revenue guidance $202.4M-$206.4Mearningsopen
Figures in the filing · each found in the filing text
| Revenue · Q3-2025 | $202M | +15% y/y |
| GAAP net income · Q3-2025 | $15M | |
| Adjusted EBITDA · Q3-2025 | $49M | |
| Subscription Annualized Recurring Revenue · Q3-2025 | $745M | +14% y/y |
| Backlog · Q3-2025 | $2.50B | +24% y/y |
| GAAP gross margin · Q3-2025 | 54.0% |
Guidance
FY2025 revenue and adjusted EBITDA guidance raised; Q4 revenue guidance $202.4M-$206.4M
Raised full-year guidance due to strong Q3 performance and positive outlook.
Q2 Holdings, Inc. — questions
- What did Q2 Holdings, Inc. file recently?
- 10 SEC filings in the last 12 months. Latest: 10-Q on 2026-07-29 — Q2 Holdings reported strong Q2 2026 results with revenue growth of 12.6% YoY and significant margin expansion.
Every figure on this page comes from Q2 Holdings, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.