Q2 Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 21, 2024
QTWO$75.33+1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Stockholders' Equity
(in thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Total stockholders' equity, beginning balances | $419,024 | $570,296 | $643,364 |
| Common stock and additional paid-in capital: | |||
| Beginning balances | 982,306 | 1,064,364 | 1,024,583 |
| Stock-based compensation expense | 84,442 | 69,039 | 55,903 |
| Exercise of stock options | 2,297 | 707 | 5,892 |
| Issuance of common stock under ESPP | 6,100 | 5,175 | — |
| Shares acquired to settle the exercise of stock options | — | — | (200) |
| Cumulative effect of the adoption of new accounting standard | — | (156,979) | — |
| Equity component of early extinguishment of convertible notes | — | — | (28,454) |
| Settlement of convertible bond hedges | — | — | 26,295 |
| Settlement of warrants | — | — | (19,655) |
| Settlement of capped calls | 139 | — | — |
| Ending balances | 1,075,284 | 982,306 | 1,064,364 |
| Accumulated deficit: | |||
| Beginning balances | (560,310) | (493,933) | (381,187) |
| Cumulative effect of the adoption of new accounting standard | — | 42,606 | — |
| Net loss | (65,384) | (108,983) | (112,746) |
| Ending balances | (625,694) | (560,310) | (493,933) |
| Accumulated other comprehensive income (loss): | |||
| Beginning balances | (2,972) | (135) | (32) |
| Other comprehensive income (loss) | 1,861 | (2,837) | (103) |
| Ending balances | (1,111) | (2,972) | (135) |
| Total stockholders' equity, ending balances | $448,479 | $419,024 | $570,296 |
| Common stock (in shares): | |||
| Beginning balances | 57,735 | 56,928 | 55,562 |
| Exercise of stock options | 74 | 27 | 307 |
| Issuance of common stock under ESPP | 255 | 171 | — |
| Shares acquired to settle the exercise of stock options | — | — | (2) |
| Shares issued for the vesting of restricted stock awards | 967 | 609 | 1,061 |
| Ending balances | 59,031 | 57,735 | 56,928 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.