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
Total Revenue $150.2m $194.0m $241.1m $315.5m $402.8m $498.7m $565.7m $624.6m $696.5m $794.8m
Cost of Revenue $77.4m $99.5m $121.9m $162.5m $228.2m $273.7m $309.3m $322.0m $342.0m $365.1m
Gross Profit $72.8m $94.5m $119.2m $153.0m $174.6m $225.0m $256.3m $302.7m $354.5m $429.7m
Operating Expenses $108.5m $121.4m $151.1m $219.7m $274.4m $303.0m $361.1m $388.7m $396.7m $389.8m
Operating Income (Loss) ($35.7m) ($26.9m) ($31.9m) ($66.7m) ($99.8m) ($78.0m) ($104.8m) ($86.1m) ($42.3m) $39.9m
Additional Financial Items
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
Gain (Loss) Related to Litigation Settlement $800k $700k
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 $0
Interest and Other Income $358k $553k $2.8m $3.7m $1.2m $1.5m $5.4m $10.1m $16.3m $20.2m
Interest Income, Other $358k $553k $2.8m $3.7m $1.2m $1.5m $5.4m $10.1m $16.3m $20.2m
Realized Investment Gains (Losses) ($482k)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest ($35.9m) ($26.5m) ($39.2m) ($83.4m) ($136.2m) ($111.1m) ($106.1m) ($61.8m) ($30.9m) $54.7m
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
Earnings Per Share, Basic ($1.53) ($2.65) ($2.00) ($1.90) ($1.12) ($0.64) $0.84
Earnings Per Share, Diluted ($0.92) ($0.63) ($0.83) ($1.53) ($2.65) ($2.00) ($1.90) ($1.12) ($0.64) $0.80
Weighted Average Number of Shares Outstanding, Basic 56.4m 57.3m 58.4m 60.1m 62.2m
Weighted Average Number of Shares Outstanding, Diluted 56.4m 57.3m 58.4m 60.1m 65.1m
Other income (expense):
Research and Development Expense $32.5m $40.3m $51.3m $76.3m $97.4m $117.0m $130.1m $137.3m $143.2m $154.3m
Selling and Marketing Expense $36.3m $41.2m $48.1m $63.9m $72.3m $85.6m $108.2m $109.5m $106.0m $105.9m
General and Administrative Expense $32.0m $37.2m $45.0m $56.7m $70.9m $77.9m $90.2m $110.2m $122.9m $125.5m
Interest Expense (non-operating) $4.9m
Business Combination, Acquisition Related Costs $24k $0 $166k
Current Income Tax Expense (Benefit) $145k $36k $152k $1.0m $136k $1.1m $2.2m $2.6m $5.2m $1.8m
Interest Expense, Debt $2.8m
Operating Lease, Expense $5.3m $6.6m $7.4m $7.3m $5.3m $5.7m $6.0m
Income Tax Expense (Benefit) $427k ($314k) ($3.8m) ($12.5m) $1.4m $1.6m $2.9m $3.6m $7.7m $2.7m
Nonoperating Income (Expense) ($209k) $429k ($7.3m) ($16.6m) ($36.4m) ($33.1m) ($1.3m) $24.2m $11.4m $14.8m