Q2 Holdings, Inc. (QTWO) [Rocket]

Overview

Q2 Holdings, Inc. (QTWO)

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Recent News + Filings (All items)

Date Filed	Type	Description
10/13/2023	144	Form 144 - Report of proposed sale of securities:
08/15/2023	4	Seale R. H. (Director) has filed a Form 4 on Q2 Holdings, Inc.
08/11/2023	144	Form 144 - Report of proposed sale of securities:
08/02/2023	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:
08/02/2023	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:
08/02/2023	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:
08/02/2023	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
Revenues	565.7	498.7	402.8	315.5	241.1	194.0	150.2	108.9
Revenue growth	13.4%	23.8%	27.7%	30.9%	24.3%	29.1%	38.0%	37.6%
Cost of goods sold	309.3	273.7	228.2	162.5	121.9	99.5	77.4	59.1
Gross profit	256.3	225.0	174.6	153.0	119.2	94.5	72.8	49.7
Gross margin	45.3%	45.1%	43.4%	48.5%	49.5%	48.7%	48.5%	45.7%
Sales and marketing	108.2	85.6	72.3	63.9	48.1	41.2	36.3	27.0
Research and development	130.1	117.0	97.4	76.3	51.3	40.3	32.5	21.5
General and administrative	90.2	77.9	70.9	56.7	45.0	37.2	32.0	23.0
EBITA	-86.5	-60.1	-68.7	-60.4	-30.0	-25.4	-34.2	-24.3
EBITA margin	-15.3%	-12.0%	-17.1%	-19.1%	-12.4%	-13.1%	-22.8%	-22.3%
Amortization of intangibles	18.2	17.9	17.9	6.3	1.8	1.5	1.5	0.6
EBIT	-104.8	-78.0	-86.6	-66.7	-31.9	-26.9	-35.7	-24.8
EBIT margin	-18.5%	-15.6%	-21.5%	-21.2%	-13.2%	-13.9%	-23.8%	-22.8%
Pre-tax income	-106.1	-111.1	-136.2	-83.4	-39.2	-26.5	-35.9	-24.8
Income taxes	2.9	1.6	1.4	-12.5	-3.8	-0.3	0.4	0.2
Tax rate				15.0%	9.7%	1.2%
Net income	-109.0	-112.7	-137.6	-70.9	-35.4	-26.2	-36.4	-25.1
Net margin	-19.3%	-22.6%	-34.2%	-22.5%	-14.7%	-13.5%	-24.2%	-23.0%

Diluted EPS	($1.90)	($2.00)	($2.65)	($1.53)	($0.83)	($0.63)	($0.92)	($0.67)
Shares outstanding (diluted)	57.3	56.4	52.0	46.2	42.8	41.2	39.6	37.3

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.