Q2 Holdings Inc

For the period ended Dec 31, 2024. Filed Feb 12, 2025.

About this filing

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$75.33+1.5%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Changes in Stockholders' Equity

(in thousands)

	Year Ended December 31,
	2024	2023	2022
Total stockholders' equity, beginning balances	$448,479	$419,024	$570,296
Common stock and additional paid-in capital:
Beginning balances	1,075,284	982,306	1,064,364
Stock-based compensation expense	94,356	84,442	69,039
Exercise of stock options	8,404	2,297	707
Issuance of common stock under ESPP	5,855	6,100	5,175
Cumulative effect of the adoption of new accounting standard	—	—	(156,979)
Settlement of capped calls	—	139	—
Ending balances	1,183,899	1,075,284	982,306
Accumulated deficit:
Beginning balances	(625,694)	(560,310)	(493,933)
Cumulative effect of the adoption of new accounting standard	—	—	42,606
Net loss	(38,536)	(65,384)	(108,983)
Ending balances	(664,230)	(625,694)	(560,310)
Accumulated other comprehensive income (loss):
Beginning balances	(1,111)	(2,972)	(135)
Other comprehensive income (loss)	(762)	1,861	(2,837)
Ending balances	(1,873)	(1,111)	(2,972)
Total stockholders' equity, ending balances	$517,796	$448,479	$419,024
Common stock (in shares):
Beginning balances	59,031	57,735	56,928
Exercise of stock options	234	74	27
Issuance of common stock under ESPP	150	255	171
Shares issued for the vesting of restricted stock awards	1,313	967	609
Ending balances	60,728	59,031	57,735

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.