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Earnings transcript
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QTWO
Q2 Holdings, Inc.
$66.46
1.47
(2.26%)
| Exchange: | NYSE |
| Market Cap: | 4.144B |
| Shares Outstanding: | 11.794M |
Delayed data
About The Company
| Sector: | Technology | |||||
| Industry: | Software – Application | |||||
| CEO: | Matthew Flake | |||||
| Full Time Employees: | 2549 | |||||
| Address: |
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| Website: | https://www.q2.com |
Q2 Holdings, Inc. provides a comprehensive array of cloud-based digital banking platforms, primarily serving regional and community financial institutions (RCFIs) across the United States. Its extensive product lineup covers various facets of digital finance. For consumers, the company offers Q2 Consumer Banking, a browser-accessible solution featuring fully branded digital banking capabilities. Businesses, both small and commercial, can utilize Q2 Small Business and Commercial, a dedicated digital banking platform optimized for mobile and tablet devices. Furthermore, Q2mobile Remote Deposit Capture streamlines the process of depositing checks remotely. Beyond core banking functionality, Q2 also delivers specialized solutions. These include Q2 Sentinel for advanced security analytics and Q2 Patrol, an event-driven validation product. To enhance customer engagement, Q2 provides the SMART platform for targeting and messaging. Q2 CardSwap facilitates automatic updates of payment information for account holders receiving new cards, while Q2 Gro serves as a versatile platform for digital account opening, sales, and marketing. For bill payments, there’s Q2 Biller Direct, and ClickSWITCH empowers financial institutions to manage and redirect direct deposits for end-users. The company’s portfolio extends to robust risk and transaction management tools under the Centrix brand: a Dispute Tracking System for electronic transaction dispute resolution, a Payments I.Q. System for monitoring ACH files and reporting on risks, and an Exact/Transaction Management System designed for fraud prevention. Developers are also supported by the Q2 Caliper Software Development Kit. Enhancing personal financial management, Q2 Contextual PFM allows users to integrate and view both external and internal accounts directly on their digital banking homepage. Q2 Goals assists users in establishing and progressing towards specific savings objectives. Lending and leasing operations are supported by Q2 Cloud Lending, a digital platform, and PrecisionLender, a cloud-native, data-driven solution for sales enablement, pricing, and portfolio management. Additionally, Q2 BaaS offers a suite of open API financial services. Founded in 2004 and headquartered in Austin, Texas, the company originally operated as CBG Holdings, Inc. before changing its name to Q2 Holdings, Inc. in March 2013.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 624,624 | 696,464 | 794,809 |
| Gross Profit | 302,651 | 354,481 | 429,590 |
| EBITDA | 29,017 | 42,888 | 129,558 |
| Operating Income | -86,057 | -42,263 | 45,639 |
| Net Income | -65,384 | -38,536 | 52,008 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 1,201,425 | 1,294,795 | 1,276,277 |
| Total Liabilities | 752,946 | 776,999 | 614,466 |
| Total Stockholders Equity | 448,479 | 517,796 | 661,811 |
| Total Debt | 546,488 | 541,119 | 346,115 |
| Cash and Cash Equivalents | 229,655 | 358,560 | 367,631 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 70,292 | 135,751 | 201,461 |
| Capital Expenditure | -30,643 | -6,692 | -6,810 |
| Free Cash Flow | 39,649 | 129,059 | 194,651 |
| Net Income | -65,384 | -38,536 | 52,008 |
| Net Change in Cash | 31,730 | 127,161 | 8,510 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 1,070,160.302 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 1,085,968.757 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 1,075,774.985 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 33,775.524 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 34,274.457 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 33,952.730 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 300,535.202 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 303,818.452 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 302,176.827 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 353,149.982 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 358,366.730 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 355,002.813 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 4.640 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 4.670 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 4.620 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 4 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 3 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates QTWO intrinsic value between $29.14 – $31.59 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
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Common questions about QTWO valuation
Is Q2 Holdings, Inc. (QTWO) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Q2 Holdings, Inc. (QTWO) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is QTWO a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether QTWO trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is QTWO’s P/E ratio?
You can see QTWO’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for QTWO?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is QTWO a good long-term investment?
Whether QTWO fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
QTWO
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Daily snapshot
2.26
Trading Metrics:
| Open: | 66 | Previous Close: | 64.99 | |
| Day Low: | 66 | Day High: | 67.51 | |
| Year Low: | 40.79 | Year High: | 85.19 | |
| Price Avg 50: | 56 | Price Avg 200: | 57.14 | |
| Volume: | 180384 | Average Volume: | 877348 |
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