← Q2 Holdings, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent ($36.4m) ($26.2m) ($35.4m) ($70.9m) ($137.6m) ($112.7m) ($109.0m) ($65.4m) ($38.5m) $52.0m
Depreciation, Depletion and Amortization $12.2m $14.9m $16.8m $28.5m $51.8m $54.8m $61.7m $71.7m $68.8m $53.4m
Amortization of Debt Issuance Costs $96k $28k $829k $1.5m $2.0m $2.0m $2.7m $2.1m $2.1m $2.1m
Amortization of Intangible Assets $1.5m $1.5m $1.8m $6.3m $17.9m $17.9m $18.2m $20.7m $17.0m $93k
Capitalized Computer Software, Amortization — $500k $800k — — — — — — —
Depreciation $12.2m $14.9m $16.8m $28.5m $51.8m $54.8m $17.7m $19.9m $16.6m $14.4m
Deferred Income Tax Expense (Benefit) $282k ($350k) ($4.0m) ($13.5m) $1.3m $540k $681k $926k $2.5m $930k
Share-based Payment Arrangement, Noncash Expense $12.6m $20.9m $29.5m $40.5m $50.7m $55.9m $65.2m $79.2m $89.2m $86.9m
Payment, Tax Withholding, Share-based Payment Arrangement $376k $438k $395k $941k $966k $200k $0 $0 — —
Share-based Payment Arrangement, Expense — — $29.2m $39.4m $49.2m $54.3m $65.2m $79.2m $89.2m $86.9m
Equity Method Investment, Other than Temporary Impairment — — — — — — $0 — $0 $0
Goodwill, Impairment Loss — $0 $0 $0 $0 — $0 $0 $0 $0
Impairment of Intangible Assets (Excluding Goodwill) $20k $0 $17k $6k $0 $0 — — — —
Operating Lease, Impairment Loss — — — — — — — $4.1m $1.7m $500k
Gain (Loss) on Extinguishment of Debt — — — — ($8.9m) ($1.5m) $0 $19.9m $0 $0
Gain (Loss) on Disposition of Assets ($184k) ($33k) ($19k) ($287k) ($151k) ($389k) ($109k) ($55k) — —
Income Tax Expense (Benefit) $427k ($314k) ($3.8m) ($12.5m) $1.4m $1.6m $2.9m $3.6m $7.7m $2.7m
Interest Expense Nonoperating — — — — — — — — — $4.9m
Operating Lease, Expense — — — $5.3m $6.6m $7.4m $7.3m $5.3m $5.7m $6.0m
Changes in operating assets and liabilities:
Noncash investing and financing activities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $3.2m $961k $4.7m ($372k) $14.6m $10.1m ($286k) ($4.1m) ($906k) $9.9m
Increase (Decrease) in Accounts Payable $426k $3.4m ($263k) $1.1m ($2.3m) $1.8m ($548k) $9.4m ($9.8m) $8.6m
Accounts Receivable, Credit Loss Expense (Reversal) — — — — $1.0m $100k $600k $100k $0 $0
Proceeds from Stock Options Exercised $6.0m $11.6m $12.7m $14.6m $13.3m $5.9m $5.9m $8.4m $14.3m $7.0m
Purchases of property and equipment, accrued but unpaid $14.3m $12.3m $13.3m $13.9m $23.7m $19.8m $11.1m $5.7m $6.7m $6.8m
Debt Securities, Available-for-sale, Realized Gain (Loss) — — — — — — ($17k) — — —
Gain (Loss) Related to Litigation Settlement — — — — — $800k $700k — — —
General and Administrative Expense $32.0m $37.2m $45.0m $56.7m $70.9m $77.9m $90.2m $110.2m $122.9m $125.5m
Goodwill $12.9m $12.9m $107.9m $462.0m $462.3m $512.9m $512.9m $512.9m $512.9m $512.9m
Nonoperating Income (Expense) ($209k) $429k ($7.3m) ($16.6m) ($36.4m) ($33.1m) ($1.3m) $24.2m $11.4m $14.8m
Operating Expenses $108.5m $121.4m $151.1m $219.7m $274.4m $303.0m $361.1m $388.7m $396.7m $389.8m
Payments for Repurchase of Warrants — — — — $137.5m $19.7m $0 $0 — —
Financing Receivable, Credit Loss, Expense (Reversal) — — — — $200k $40k $200k $0 $0 —
Realized Investment Gains (Losses) — — — — — — — ($482k) — —
Net Cash Provided by (Used in) Operating Activities $3.4m $9.5m $4.6m $567k ($2.9m) $30.9m $36.6m $70.3m $135.8m $201.5m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $14.3m $12.3m $13.3m $13.9m $23.7m $19.8m $11.1m $5.7m $6.7m $6.8m
Payments to Acquire Businesses, Net of Cash Acquired $95k $3.8m $130.7m $505.6m $0 $64.7m $5.0m $0 $0 —
Net Cash Provided by (Used in) Investing Activities ($16.5m) ($17.9m) ($171.3m) ($483.3m) ($124.2m) ($65.1m) ($165.6m) $113.3m ($21.1m) ($4.0m)
Cash flows from financing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale — — $48.4m $64.0m $31.8m $149.2m $162.5m $220.8m $103.7m $118.2m
Proceeds from Issuance of Common Stock — — — $195.3m $311.3m $0 $0 — — —
Payments for Repurchase of Common Stock — — — — — — — — — $5.0m
Net Cash Provided by (Used in) Financing Activities $944k $11.6m $216.6m $476.1m $434.7m ($51.2m) $5.9m ($152.0m) $13.3m ($189.0m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — $48k ($167k) ($802k) $182k ($827k) $49k
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — ($6.6m) $307.6m ($85.4m) ($123.9m) $31.7m $127.2m $8.5m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $110.2m $103.6m $411.2m $325.8m $201.9m $233.6m $360.8m $369.3m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $217k $68k $810k $2.9m $4.1m $3.1m $2.9m $2.7m $2.7m $2.8m
Income Taxes Paid, Net — — — ($1k) $566k $1.0m $875k $2.6m $5.9m $3.8m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.