SequelSEC

Q2 Holdings, Inc. QTWO

Services-Prepackaged Software · CIK 0001410384 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$870.26M
Fiscal year ended 2026-09-30
Operating income
$107.85M
Fiscal year ended 2026-09-30
Free cash flow
$232.99M
Fiscal year ended 2026-09-30

Valuation, from the filing

Public float$5.83BMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$93.38Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / net income112.1×A lower bound on the multiple, because affiliate holdings are excluded.
Float / revenue7.3×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity8.8×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

How this compares in its industry

Percentile among the Services-Prepackaged Software filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Gross margin54.1%23th
Effective tax rate5.0%24th
FCF margin24.5%75th
Net margin6.5%71th
Operating margin5.0%70th
Current ratio1.02x33th
R&D / revenue19.4%38th
Revenue YoY growth14.1%57th
SBC / revenue10.9%48th
CapEx / revenue0.9%50th

Q2 Holdings, Inc. (QTWO) reported revenue of $870.26M and net income of $110.16M for the fiscal year ended 2026-09-30. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from Q2 Holdings, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Prepackaged Software.

Income

Q2 Holdings, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-30
Revenue$870.26M
Cost of revenue$362.02M
Gross profit$508.24M
Operating income$107.85M
Net income$110.16M
Research & development$164.98M
Weighted-average diluted sharesUnavailable
Pretax income$116.58M
Income tax expense$6.42M
Diluted EPSUnavailable
Selling, general & administrative$231.44M
General & administrative$129.35M
Selling & marketing$102.09M

Balance

Q2 Holdings, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-30
Cash & equivalents$116.31M
Total assets$1.00B
Current assets$282.69M
Total liabilities$346.27M
Current liabilities$278.98M
Total equity incl. NCI$657.78M
Temporary (mezzanine) equityUnavailable
InventoryUnavailable
Accounts receivable$94.04M
Goodwill$512.87M
Long-term debtUnavailable
Accounts payable$21.31M

Cash flow

Q2 Holdings, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-30
Operating cash flow$245.35M
Capital expenditures$12.36M
Investing cash flow$51.34M
Financing cash flow-$652.45M
Net change in cash-$356.47M
Stock-based compensation$80.99M
Common dividends paidUnavailable
Common share repurchases$163.88M
Depreciation & amortization$48.81M

Derived

Q2 Holdings, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-30
Free cash flow$232.99M
Gross margin58.4%
Operating margin12.4%
FCF margin26.8%
SBC / revenue9.3%
Current ratio1.01x
Revenue YoY growth13.1%
Net margin12.7%
R&D / revenue19.0%
CapEx / revenue1.4%
Long-term debt / equityUnavailable
Effective tax rate5.5%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open QTWO in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-10-28View SEC filing
10-Q · Filed 2026-07-29View SEC filing
10-Q · Filed 2026-04-29View SEC filing
10-K · Filed 2026-02-11View SEC filing
10-Q · Filed 2025-11-05View SEC filing
10-Q · Filed 2025-07-30View SEC filing

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Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.