Q2 Holdings Inc
For the period ended Dec 31, 2024. Filed Feb 12, 2025.
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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.
FY2024 · Filed Feb 12, 2025
QTWO$74.24+0.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(in thousands, except per share data)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $358,560 | $229,655 |
| Restricted cash | 2,233 | 3,977 |
| Investments | 88,066 | 94,353 |
| Accounts receivable, net | 42,084 | 42,899 |
| Contract assets, current portion, net | 7,888 | 9,193 |
| Prepaid expenses and other current assets | 23,512 | 11,625 |
| Deferred solution and other costs, current portion | 26,611 | 27,521 |
| Deferred implementation costs, current portion | 9,706 | 8,741 |
| Total current assets | 558,660 | 427,964 |
| Property and equipment, net | 31,528 | 41,178 |
| Right of use assets | 30,402 | 35,453 |
| Deferred solution and other costs, net of current portion | 28,116 | 26,090 |
| Deferred implementation costs, net of current portion | 26,408 | 21,480 |
| Intangible assets, net | 94,633 | 121,572 |
| Goodwill | 512,869 | 512,869 |
| Contract assets, net of current portion and allowance | 9,483 | 12,210 |
| Other long-term assets | 2,696 | 2,609 |
| Total assets | $1,294,795 | $1,201,425 |
| Liabilities and stockholders' equity | ||
| Current liabilities: | ||
| Accounts payable | $9,354 | $19,353 |
| Accrued liabilities | 18,239 | 16,471 |
| Accrued compensation | 32,949 | 26,580 |
| Convertible notes, current portion | 190,331 | — |
| Deferred revenues, current portion | 137,700 | 118,723 |
| Lease liabilities, current portion | 10,327 | 10,436 |
| Total current liabilities | 398,900 | 191,563 |
| Convertible notes, net of current portion | 302,115 | 490,464 |
| Deferred revenues, net of current portion | 27,281 | 17,350 |
| Lease liabilities, net of current portion | 38,346 | 45,588 |
| Other long-term liabilities | 10,357 | 7,981 |
| Total liabilities | 776,999 | 752,946 |
| Commitments and contingencies (Note 11) | ||
| Stockholders' equity: | ||
| Preferred stock: $0.0001 par value; 5,000 shares authorized, no shares issued or outstanding as of December 31, 2024 and 2023 | — | — |
| Common stock: $0.0001 par value; 150,000 shares authorized, 60,728 shares issued and outstanding as of December 31, 2024, and 59,031 shares issued and outstanding as of December 31, 2023 | 6 | 6 |
| Additional paid-in capital | 1,183,893 | 1,075,278 |
| Accumulated other comprehensive loss | (1,873) | (1,111) |
| Accumulated deficit | (664,230) | (625,694) |
| Total stockholders' equity | 517,796 | 448,479 |
| Total liabilities and stockholders' equity | $1,294,795 | $1,201,425 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.