Q2 Holdings financials
$55.12+0.04%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $794.8M | $696.5M | $624.6M | $565.7M | $498.7M | $402.8M | $315.5M | $241.1M | $194.0M | $150.2M |
| Gross profit | $429.7M | $354.5M | $302.7M | $256.3M | $225.0M | $174.6M | $153.0M | $119.2M | $94.5M | $72.8M |
| Gross margin | 54.1% | 50.9% | 48.5% | 45.3% | 45.1% | 43.4% | 48.5% | 49.5% | 48.7% | 48.5% |
| Operating income | $39.9M | -$42.3M | -$86.1M | -$104.8M | -$78.0M | -$86.6M | -$66.7M | -$31.9M | -$26.9M | -$35.7M |
| Net income | $52.0M | -$38.5M | -$65.4M | -$109.0M | -$112.7M | -$137.6M | -$70.9M | -$35.4M | -$26.2M | -$36.4M |
| Net margin | 6.5% | −5.5% | −10.5% | −19.3% | −22.6% | −34.2% | −22.5% | −14.7% | −13.5% | −24.2% |
| Diluted EPS | $0.80 | $-0.64 | $-1.12 | $-1.90 | $-2.00 | $-2.65 | $-1.53 | $-0.83 | $-0.63 | $-0.92 |
| EBITDA | $127.4M | $61.2M | $22.5M | -$5.5M | $6.0M | -$9.2M | -$8.6M | -$2.5M | -$3.3M | -$10.4M |
| Operating cash flow | $201.5M | $135.8M | $70.3M | $36.6M | $31.1M | -$2.9M | $567.0K | $4.6M | $9.5M | $3.4M |
| Free cash flow | $173.4M | $106.7M | $39.6M | $6.5M | $5.5M | -$26.7M | -$13.6M | -$8.7M | -$2.8M | -$11.3M |
| Diluted shares | 65.1M | 60.1M | 58.4M | 57.3M | 56.4M | 52.0M | 46.2M | 42.8M | 41.2M | 39.6M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $367.6M | $358.6M | $229.7M | $199.6M | $322.8M | $407.7M |
| Short-term investments | $65.1M | $88.1M | $94.4M | $233.8M | $104.9M | $131.4M |
| Total debt | $303.4M | $492.4M | $490.5M | $668.7M | $551.6M | $557.5M |
| Total assets | $1.28B | $1.29B | $1.20B | $1.35B | $1.39B | $1.42B |
| Total liabilities | $614.5M | $777.0M | $752.9M | $930.7M | $814.7M | $773.3M |
| Shareholders' equity | $661.8M | $517.8M | $448.5M | $419.0M | $570.3M | $643.4M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology