Q2 Holdings, Inc.
For the period ended Dec 31, 2025. Filed Feb 11, 2026.
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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.
FY2025 · Filed Feb 11, 2026
QTWO$75.33+1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Comprehensive Income (Loss)
(in thousands, except per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenues | $794,809 | $696,464 | $624,624 |
| Cost of revenues | 365,126 | 341,983 | 321,973 |
| Gross profit | 429,683 | 354,481 | 302,651 |
| Operating expenses: | |||
| Sales and marketing | 105,858 | 105,951 | 109,522 |
| Research and development | 154,330 | 143,244 | 137,334 |
| General and administrative | 125,513 | 122,942 | 110,186 |
| Transaction-related costs | 166 | — | 24 |
| Amortization of acquired intangibles | 93 | 16,979 | 20,667 |
| Lease and other restructuring charges | 3,826 | 7,628 | 10,975 |
| Total operating expenses | 389,786 | 396,744 | 388,708 |
| Income (loss) from operations | 39,897 | (42,263) | (86,057) |
| Other income (expense): | |||
| Interest and other income | 20,237 | 16,342 | 10,098 |
| Interest and other expense | (5,409) | (4,939) | (5,732) |
| Gain on extinguishment of debt | — | — | 19,869 |
| Total other income, net | 14,828 | 11,403 | 24,235 |
| Income (loss) before income taxes | 54,725 | (30,860) | (61,822) |
| Provision for income taxes | (2,717) | (7,676) | (3,562) |
| Net income (loss) | 52,008 | (38,536) | (65,384) |
| Other comprehensive income (loss): | |||
| Unrealized gain (loss) on available-for-sale investments | (36) | 392 | 1,800 |
| Foreign currency translation adjustment | (44) | (1,154) | 61 |
| Comprehensive income (loss) | $51,928 | $(39,298) | $(63,523) |
| Net income (loss) per common share | |||
| Basic | $0.84 | $(0.64) | $(1.12) |
| Diluted | $0.80 | $(0.64) | $(1.12) |
| Weighted average common shares outstanding | |||
| Basic | 62,156 | 60,105 | 58,354 |
| Diluted | 65,118 | 60,105 | 58,354 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.