QTWO - Q2 Holdings, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$76.00
DETAILS
HIGH:
$90.00
LOW:
$63.00
MEDIAN:
$75.50
CONSENSUS:
$76.00
UPSIDE:
64.79%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||
| Revenue | 794.8 | 696.5 | 624.6 | 565.7 | 498.7 | 402.8 | 315.5 | 241.1 | 194.0 | 150.2 | 108.9 | 79.1 | 56.9 | 41.1 | 27.0 |
| Cost of Revenue | 365.2 | 342.0 | 322.0 | 309.3 | 273.7 | 228.2 | 162.5 | 121.9 | 99.5 | 77.4 | 59.1 | 46.1 | 36.3 | 25.2 | 14.8 |
| Gross Profit | 429.6 | 354.5 | 302.7 | 256.3 | 225.0 | 174.6 | 153.0 | 119.2 | 94.5 | 72.8 | 49.7 | 33.1 | 20.6 | 15.9 | 12.2 |
| Operating Expenses | |||||||||||||||
| R&D Expenses | 154.3 | 143.2 | 137.3 | 130.1 | 117.0 | 97.4 | 76.3 | 51.3 | 40.3 | 32.5 | 21.5 | 12.1 | 9.0 | 5.3 | 3.4 |
| SG&A Expenses | 231.4 | 228.9 | 219.7 | 198.4 | 163.5 | 145.4 | 121.1 | 93.8 | 78.3 | 68.3 | 50.0 | 40.1 | 28.7 | 17.7 | 10.4 |
| Other Expenses | 0 | 24.6 | 31.7 | 32.6 | 22.6 | 31.6 | 6.3 | (7.3) | 0.4 | (0.2) | (0.0) | (0.5) | 0 | 0 | 0 |
| Operating Expenses | 384.0 | 396.7 | 388.7 | 361.1 | 303.0 | 274.4 | 203.7 | 146.9 | 120.2 | 102.2 | 72.1 | 52.1 | 37.7 | 23.1 | 13.9 |
| Operating Income | |||||||||||||||
| Operating Income | 45.6 | (42.3) | (86.1) | (104.8) | (78.0) | (99.8) | (50.7) | (31.9) | (26.9) | (35.7) | (24.8) | (19.1) | (17.1) | (7.1) | (1.7) |
| Interest Expense | 5.4 | 4.9 | 5.7 | 6.7 | 33.1 | 28.6 | 20.3 | 10.2 | 0.1 | 0.6 | 0.3 | 0.6 | 0.5 | 0.2 | 0.1 |
| Interest Income | 20.2 | 16.3 | 10.1 | 5.4 | 1.5 | 1.2 | 3.7 | 2.8 | 0.6 | 0.4 | 0.3 | 0.1 | 0.0 | 0.0 | 0.0 |
| Profitability | |||||||||||||||
| EBITDA | 115.1 | 42.9 | 29.0 | (37.7) | (23.2) | (55.7) | (26.9) | (12.2) | (11.4) | (23.2) | (17.7) | (14.9) | (14.1) | (5.4) | (0.7) |
| EBIT | 45.6 | (25.9) | (56.1) | (99.4) | (78.0) | (107.6) | (63.1) | (29.0) | (26.4) | (35.4) | (24.6) | (19.0) | (17.1) | (7.1) | (1.7) |
| Income Before Tax | 54.7 | (30.9) | (61.8) | (106.1) | (111.1) | (136.2) | (83.4) | (39.2) | (26.5) | (35.9) | (24.8) | (19.6) | (17.6) | (7.4) | (1.8) |
| Income Tax Expense | 2.7 | 7.7 | 3.6 | 2.9 | 1.6 | 1.4 | (12.5) | (3.8) | (0.3) | 0.4 | 0.2 | 0.1 | 0.1 | 0.2 | 0.1 |
| Net Income | 52.0 | (38.5) | (65.4) | (109.0) | (112.7) | (137.6) | (70.9) | (35.4) | (26.2) | (36.4) | (25.1) | (19.6) | (17.9) | (8.8) | (3.0) |
| Per Share Data | |||||||||||||||
| EPS (Basic) | 0.84 | -0.64 | -1.12 | -1.90 | -2.00 | -2.65 | -1.53 | -0.83 | -0.63 | -0.92 | -0.67 | -0.67 | -1.37 | -0.77 | -0.26 |
| EPS (Diluted) | 0.80 | -0.64 | -1.12 | -1.90 | -2.00 | -2.65 | -1.53 | -0.83 | -0.63 | -0.92 | -0.67 | -0.67 | -1.37 | -0.74 | -0.26 |
| Shares Outstanding | 62.2 | 60.1 | 58.4 | 57.3 | 56.4 | 52.0 | 46.2 | 42.8 | 41.2 | 39.6 | 37.3 | 29.3 | 13.1 | 11.3 | 11.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 367.6 | 358.6 | 229.7 | 199.6 | 322.8 | 407.7 | 100.1 | 108.3 | 58.0 | 54.9 |
| Short-Term Investments | 0 | 88.1 | 94.4 | 233.8 | 104.9 | 131.4 | 32.3 | 69.0 | 41.7 | 42.2 |
| Net Receivables | 74.4 | 50.0 | 52.1 | 55.6 | 48.8 | 37.5 | 23.3 | 20.3 | 13.2 | 12.2 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16.7 | 15.1 | 13.1 |
| Other Current Assets | 114.0 | 62.1 | 51.9 | 42.1 | 35.4 | 30.8 | 24.2 | 16.7 | 15.1 | 13.1 |
| Total Current Assets | 556.1 | 558.7 | 428.0 | 531.1 | 522.5 | 616.2 | 186.3 | 218.3 | 131.1 | 125.7 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 55.0 | 61.9 | 76.6 | 96.5 | 118.9 | 84.3 | 74.6 | 35.0 | 34.5 | 27.5 |
| Goodwill | 512.9 | 512.9 | 512.9 | 512.9 | 512.9 | 462.3 | 462.0 | 107.9 | 12.9 | 12.9 |
| Intangible Assets | 78.4 | 94.6 | 121.6 | 145.7 | 162.5 | 184.9 | 223.9 | 63.3 | 12.0 | 15.2 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.3 | 0 | 0 |
| Other Non-Current Assets | 74.0 | 66.7 | 62.4 | 63.6 | 68.4 | 69.1 | 62.6 | 39.2 | 22.3 | 19.7 |
| Total Non-Current Assets | 720.2 | 736.1 | 773.5 | 818.6 | 862.6 | 800.5 | 823.1 | 245.4 | 81.7 | 75.3 |
| Total Assets | 1,276.3 | 1,294.8 | 1,201.4 | 1,349.7 | 1,385.0 | 1,416.7 | 1,009.4 | 463.7 | 212.8 | 201.0 |
| Current Liabilities | ||||||||||
| Account Payables | 20.5 | 9.4 | 19.4 | 10.1 | 10.6 | 7.9 | 11.0 | 9.2 | 7.6 | 4.2 |
| Short-Term Debt | 312.3 | 190.3 | 0 | 10.9 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 155.0 | 137.7 | 118.7 | 117.5 | 98.7 | 81.9 | 57.9 | 42.5 | 38.4 | 30.1 |
| Other Current Liabilities | 56.3 | 32.9 | 26.6 | 23.5 | 31.7 | 26.7 | 38.7 | 7.9 | 9.1 | 7.3 |
| Total Current Liabilities | 544.1 | 398.9 | 191.6 | 192.0 | 168.4 | 145.8 | 133.0 | 73.7 | 68.1 | 59.2 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 33.8 | 302.1 | 490.5 | 657.8 | 551.6 | 557.5 | 424.8 | 182.7 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.2 | 0 | 0 |
| Other Non-Current Liabilities | 36.5 | 10.4 | 8.0 | 6.2 | 4.3 | 4.1 | 3.2 | 25.4 | 9.8 | 9.8 |
| Total Non-Current Liabilities | 70.4 | 378.1 | 561.4 | 738.7 | 646.4 | 627.5 | 497.1 | 231.1 | 38.1 | 41.5 |
| Total Liabilities | 614.5 | 777.0 | 752.9 | 930.7 | 814.7 | 773.3 | 630.0 | 304.8 | 106.2 | 100.7 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (612.2) | (664.2) | (625.7) | (560.3) | (493.9) | (381.2) | (243.3) | (172.4) | (152.1) | (125.8) |
| Accumulated Other Comprehensive Income | (2.0) | (1.9) | (1.1) | (3.0) | (0.1) | (0.0) | 0.0 | (0.0) | (0.1) | (0.1) |
| Total Stockholders' Equity | 661.8 | 517.8 | 448.5 | 419.0 | 570.3 | 643.4 | 379.4 | 158.9 | 106.6 | 100.2 |
| Total Liabilities & Equity | 1,276.3 | 1,294.8 | 1,201.4 | 1,349.7 | 1,385.0 | 1,416.7 | 1,009.4 | 463.7 | 212.8 | 201.0 |
| Debt Metrics | ||||||||||
| Total Debt | 346.1 | 543.0 | 548.9 | 733.3 | 622.0 | 601.1 | 470.0 | 182.7 | 0 | 0 |
| Net Debt | (21.5) | 184.4 | 319.3 | 533.7 | 299.1 | 193.3 | 369.9 | 74.4 | (58.0) | (54.9) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 52.0 | (38.5) | (65.4) | (109.0) | (112.7) | (137.6) | (70.9) | (35.4) | (26.2) | (36.4) |
| Depreciation & Amortization | 69.4 | 68.8 | 71.7 | 61.7 | 54.8 | 51.8 | 28.5 | 16.8 | 14.9 | 12.2 |
| Stock-Based Compensation | 0 | 89.2 | 79.2 | 65.2 | 55.9 | 50.7 | 40.5 | 29.5 | 20.9 | 12.6 |
| Change in Working Capital | (23.9) | (14.8) | (25.7) | (20.5) | (24.5) | (26.9) | (16.1) | (21.8) | (7.7) | 7.1 |
| Other Non-Cash Items | 102.7 | 29.0 | 9.8 | 37.6 | 57.4 | 58.2 | 31.4 | 17.5 | 7.8 | 7.5 |
| Operating Cash Flow | 201.5 | 135.8 | 70.3 | 36.6 | 31.1 | (2.9) | 0.6 | 4.6 | 9.5 | 3.4 |
| Investing Activities | ||||||||||
| Capital Expenditure | (6.8) | (6.7) | (30.6) | (30.1) | (25.6) | (24.7) | (14.3) | (13.3) | (13.3) | (17.4) |
| Acquisitions | 0 | 0 | 0 | (5.0) | (64.7) | 0 | (505.6) | (130.7) | (3.8) | (0.1) |
| Purchases of Investments | (94.1) | (95.8) | (76.9) | (293.0) | (124.0) | (131.3) | (27.3) | (75.7) | (27.7) | (40.2) |
| Sales/Maturities of Investments | 118.2 | 103.7 | 220.8 | 162.5 | 149.2 | 31.8 | 64.0 | 48.4 | 27.9 | 41.1 |
| Other Investing Activities | (21.3) | (22.3) | (25.0) | (18.9) | (5.9) | (1.0) | (0.5) | (27.3) | (1) | (2.1) |
| Investing Cash Flow | (4.0) | (21.1) | 113.3 | (165.6) | (65.1) | (124.2) | (483.3) | (171.3) | (17.9) | (16.5) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (191) | 0 | (160.5) | 0 | (63.7) | 132.6 | 307.0 | 223.2 | 0 | (5.1) |
| Stock Repurchased | (5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.4) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | (0.9) | 0.1 | 5.9 | 12.5 | (320.6) | (221.5) | (6.6) | 11.6 | 6.0 |
| Financing Cash Flow | (189.0) | 13.3 | (152.0) | 5.9 | (51.2) | 434.7 | 476.1 | 216.6 | 11.6 | 0.9 |
| Cash Position | ||||||||||
| Net Change in Cash | 8.5 | 127.2 | 31.7 | (123.9) | (85.4) | 307.6 | (6.6) | 49.9 | 3.1 | (12.2) |
| Cash at Beginning | 360.8 | 233.6 | 201.9 | 325.8 | 411.2 | 103.6 | 110.2 | 60.3 | 54.9 | 67.0 |
| Cash at End | 369.3 | 360.8 | 233.6 | 201.9 | 325.8 | 411.2 | 103.6 | 110.2 | 58.0 | 54.9 |
| Free Cash Flow | 194.7 | 129.1 | 39.6 | 6.5 | 5.5 | (27.6) | (13.8) | (8.7) | (3.8) | (14.0) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||
| Revenue | 794.8 | 696.5 | 624.6 | 565.7 | 498.7 | 402.8 | 315.5 | 241.1 | 194.0 | 150.2 | 108.9 | 79.1 | 56.9 | 41.1 | 27.0 |
| Gross Profit | 429.6 | 354.5 | 302.7 | 256.3 | 225.0 | 174.6 | 153.0 | 119.2 | 94.5 | 72.8 | 49.7 | 33.1 | 20.6 | 15.9 | 12.2 |
| Operating Income | 45.6 | (42.3) | (86.1) | (104.8) | (78.0) | (99.8) | (50.7) | (31.9) | (26.9) | (35.7) | (24.8) | (19.1) | (17.1) | (7.1) | (1.7) |
| Net Income | 52.0 | (38.5) | (65.4) | (109.0) | (112.7) | (137.6) | (70.9) | (35.4) | (26.2) | (36.4) | (25.1) | (19.6) | (17.9) | (8.8) | (3.0) |
| EPS (Diluted) | 0.80 | -0.64 | -1.12 | -1.90 | -2.00 | -2.65 | -1.53 | -0.83 | -0.63 | -0.92 | -0.67 | -0.67 | -1.37 | -0.74 | -0.26 |
| Balance Sheet | |||||||||||||||
| Cash & Equivalents | 367.6 | 358.6 | 229.7 | 199.6 | 322.8 | 407.7 | 100.1 | 108.3 | 58.0 | 54.9 | |||||
| Total Assets | 1,276.3 | 1,294.8 | 1,201.4 | 1,349.7 | 1,385.0 | 1,416.7 | 1,009.4 | 463.7 | 212.8 | 201.0 | |||||
| Total Debt | 346.1 | 543.0 | 548.9 | 733.3 | 622.0 | 601.1 | 470.0 | 182.7 | 0 | 0 | |||||
| Stockholders' Equity | 661.8 | 517.8 | 448.5 | 419.0 | 570.3 | 643.4 | 379.4 | 158.9 | 106.6 | 100.2 | |||||
| Cash Flow | |||||||||||||||
| Operating Cash Flow | 201.5 | 135.8 | 70.3 | 36.6 | 31.1 | (2.9) | 0.6 | 4.6 | 9.5 | 3.4 | |||||
| Capital Expenditure | (6.8) | (6.7) | (30.6) | (30.1) | (25.6) | (24.7) | (14.3) | (13.3) | (13.3) | (17.4) | |||||
| Free Cash Flow | 194.7 | 129.1 | 39.6 | 6.5 | 5.5 | (27.6) | (13.8) | (8.7) | (3.8) | (14.0) | |||||