Company Quick10K Filing
Q2 Holdings
10-Q 2020-03-31 Filed 2020-05-07
10-K 2019-12-31 Filed 2020-02-21
10-Q 2019-09-30 Filed 2019-11-07
10-Q 2019-06-30 Filed 2019-08-08
10-Q 2019-03-31 Filed 2019-05-08
10-K 2018-12-31 Filed 2019-02-19
10-Q 2018-09-30 Filed 2018-11-07
10-Q 2018-06-30 Filed 2018-08-08
10-Q 2018-03-31 Filed 2018-05-03
10-K 2017-12-31 Filed 2018-02-16
10-Q 2017-09-30 Filed 2017-11-02
10-Q 2017-06-30 Filed 2017-08-03
10-Q 2017-03-31 Filed 2017-05-04
10-K 2016-12-31 Filed 2017-02-21
10-Q 2016-09-30 Filed 2016-11-03
10-Q 2016-06-30 Filed 2016-08-04
10-Q 2016-03-31 Filed 2016-05-10
10-K 2015-12-31 Filed 2016-02-12
10-Q 2015-09-30 Filed 2015-11-06
10-Q 2015-06-30 Filed 2015-08-07
10-Q 2015-03-31 Filed 2015-05-08
10-K 2014-12-31 Filed 2015-02-12
10-Q 2014-09-30 Filed 2014-11-10
10-Q 2014-06-30 Filed 2014-08-12
10-Q 2014-03-31 Filed 2014-05-14
8-K 2020-05-06 Earnings, Exhibits
8-K 2020-03-20 Officers
8-K 2020-02-19 Earnings, Exhibits
8-K 2019-12-18 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-11-06 Earnings, Exhibits
8-K 2019-10-31 M&A, Regulation FD, Exhibits
8-K 2019-09-30 Enter Agreement, Regulation FD, Exhibits
8-K 2019-08-07 Earnings, Exhibits
8-K 2019-07-15 Officers, Exhibits
8-K 2019-06-11 Amend Bylaw, Shareholder Vote, Exhibits
8-K 2019-06-06 Enter Agreement, Off-BS Arrangement, Sale of Shares, Other Events, Exhibits
8-K 2019-06-05 Enter Agreement, Off-BS Arrangement, Sale of Shares, Other Events, Exhibits
8-K 2019-05-07 Earnings, Exhibits
8-K 2019-03-06 Officers
8-K 2019-02-13 Earnings, Exhibits
8-K 2018-12-06 Officers
8-K 2018-11-06 Earnings, Exhibits
8-K 2018-10-15 M&A, Regulation FD, Exhibits
8-K 2018-08-07 Earnings, Exhibits
8-K 2018-08-06 Enter Agreement, Regulation FD, Exhibits
8-K 2018-06-13 Shareholder Vote
8-K 2018-05-02 Earnings, Exhibits
8-K 2018-03-08 Officers
8-K 2018-02-22 Other Events, Exhibits
8-K 2018-02-21 Enter Agreement, Off-BS Arrangement, Sale of Shares, Exhibits
8-K 2018-02-20 Other Events, Exhibits
8-K 2018-02-14 Earnings, Exhibits

Q2 Holdings Financials

QTWO Metrics, Comps, Filings

Quarterly | Annual

Business

Q2 is a leading provider of secure, cloud-based digital solutions that transform the ways in which traditional and emerging financial services providers engage with account holders and end users, or End Users. We sell our solutions to regional and community financial institutions, or RCFIs, alternative finance and leasing companies, or Alt-FIs, and financial technology companies, or FinTechs. Our solutions enable our customers to deliver robust suites of digital banking, lending, leasing, and banking as a service, or BaaS, services that make it possible for End Users to transact and engage anytime, anywhere and on any device. Our solutions are often the most frequent point of engagement between our customers and their End Users. As such, we purpose-build our solutions to deliver compelling and consistent End User experiences across digital channels and to drive the success of our customers by optimizing their digital brands and enhancing End User acquisition, retention and engagement.

Our founding team has over 25 years of experience developing and delivering secure, advanced digital solutions designed to help our customers compete in the complex and heavily-regulated financial services industry. Q2 began by providing digital banking solutions to RCFIs with the mission of empowering them to leverage technology to compete more effectively and to strengthen the communities and End Users they serve. Through investment in innovation and acquisitions, our solutions have grown to include a broader range of services and experiences, including corporate banking, regulatory and compliance, digital lending and leasing, BaaS and digital account opening and sales and marketing solutions, further serving the needs of RCFIs as well as Alt-FIs and FinTechs.

The RCFI market includes approximately 11,000 banks and credit unions with less than $100 billion in assets according to data compiled by BauerFinancial as of September 30, 2018. To date, a substantial majority of our revenues continue to come from sales of our digital banking platform to RCFIs, and we continue to be focused on our founding mission of building stronger communities by strengthening their financial institutions.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Nutanix (NTNX) 4,920 76% -7.3 -41% 1,866 1,803 1,238 935 -756 -640 4,683
Nuance Communications (NUAN) 4,785 57% 13.3 4% 5,366 3,193 1,823 1,043 214 480 6,368
Smartsheet (SMAR) 4,461 81% -67.9 -9% 775 248 192 155 -68 -58 3,946
Blackbaud (BLKB) 4,435 54% 46.0 1% 1,710 1,329 884 479 20 101 4,668
Pivotal Software (PVTL) 4,133 68% -42.0 -5% 1,939 575 577 395 -93 -79 3,311
Sina (SINA) 3,884 0% 5,886 2,123 0 0 0 0 2,241
ACI Worldwide (ACIW) 3,810 53% 16.7 3% 3,341 2,282 1,178 630 99 307 5,119
Q2 Holdings (QTWO) 3,793 48% -60.4 -7% 978 596 300 143 -67 -53 3,190
New Relic (NEWR) 3,762 83% 633.9 -5% 1,150 776 543 452 -61 6 3,514
Teradata (TDC) 3,644 50% 23.7 1% 1,979 1,651 1,993 996 14 152 3,600
LogMeIn (LOGM) 3,619 75% 14.6 0% 3,859 1,084 1,248 935 15 254 3,698
Cornerstone OnDemand (CSOD) 3,314 74% 92.2 -2% 869 738 565 419 -17 34 3,096
Appian (APPN) 3,306 64% -63.3 -17% 319 166 256 163 -53 -50 3,140
AppFolio (APPF) 3,299 60% 157.3 14% 234 108 189 113 32 21 3,327
Qualys (QLYS) 3,094 59% 31.2 10% 626 265 311 185 63 97 3,017
CyberArk Software (CYBR) 2,742 0% 674 207 0 0 0 0 2,480
BlackLine (BL) 2,630 79% -208.4 -3% 976 575 271 213 -30 -10 2,102
Box (BOX) 2,595 69% -35.2 -14% 844 823 513 354 -114 -69 2,434
LivePerson (LPSN) 2,538 73% -43.7 -14% 492 329 213 156 -69 -53 2,333
Altair Engineering (ALTR) 2,468 71% 109.0 -1% 717 371 335 239 -6 22 2,452

Balance Sheet ($MM)2014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash87957268946975675553525543344058258179214110112585603
Accounts Receivable657577999111612815161317272320202724
Inventory
PP&E1414142619192138272829433232325837373566414040
Assets126134133137171170199204204200205201192193205213422419435464490952978
Accounts Payable523234435654656867891089
Long-Term Debt6200
Liabilities514952586263758692931031019193103106267260275305338566596
Stockholders' Equity75858179109106123118112107102100100100103107155158160159152386382
Income Statement ($MM)2014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue1719212224262830343638424548505255596167718280
Cost of Revenue1011121313141517181920212324262727293035374040
Gross Profit789911121314161719212223242528293032343839
R&D3333456788891010101111121316181920
SG&A910101111121314161718181820202021232326303029
Tax0000000000000000-0-00-3-0-0-0
Net Income-6-5-5-5-5-5-7-8-10-10-9-8-7-8-6-6-6-9-9-12-19-17-19
Cash Flow ($MM)2014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating-40-0-1-33050-315-110128-7-1417-11-817
Cash Investing-2-1-20-4-5-25-16-111-3-3-4-11-97-3-69151013-2
Cash Financing748-2134-222-1-1-11233332074334673