QTWO · XBRL financial data

Q2 Holdings financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (QTWO's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Revenue from contracts with customers	162*	166	173	175	183*	190	195	202	208*	217	220	226
Cost of revenue	81*	83	86	86	87*	—	—	—	—	—	—	—
Cost of goods and services sold	year only	83	86	86	87*	89	91	93	93*	89	90	91
Gross profit	81*	82	87	89	96*	101	105	109	115*	128	130	135
Research and development	34*	35	36	37	36*	38	37	39	41*	42	41	41
General and administrative	30*	30	31	31	30*	32	31	32	30*	32	33	34
Total operating expenses	99*	96	101	102	98*	99	95	98	98*	100	101	101
Operating income (loss)	(18)*	(14)	(14)	(13)	(2)*	2	10	11	17*	28	29	34
Interest expense	year only	—	—	—	year only	1	1	1	1*	1	1	0
Income tax expense (benefit)	2*	2	2	2	2*	0	2	0	0*	3	2	1
Net income (loss)	(18)*	(14)	(13)	(12)	0*	5	12	15	20*	27	30	33
Earnings per share, basic USD per share	(0.31)*	(0.23)	(0.22)	(0.20)	0.00*	0.08	0.19	0.24	0.33*	0.43	0.48	0.53
Earnings per share, diluted USD per share	(0.31)*	(0.23)	(0.22)	(0.20)	0.00*	0.07	0.18	0.23	0.36*	0.40	0.46	0.52
Weighted average shares, basic millions of shares	59*	59	60	60	60*	61	62	62	63*	62	62	62
Weighted average shares, diluted millions of shares	59*	59	60	60	60*	65	70	70	56*	68	65	64

Fiscal quarters (QTWO's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Cash and cash equivalents	230	275	304	320	359	384	414	472	368	342	100	116
Marketable securities	94	64	68	88	88	102	118	96	65	37	7	7
Accounts receivable	43	54	59	58	42	63	60	70	52	74	71	94
Prepaid and other current assets	12	16	13	18	24	22	20	20	28	22	20	21
Total current assets	428	458	491	526	559	619	660	707	556	525	244	283
Property and equipment, net	41	38	35	34	32	28	27	25	28	28	28	28
Right-of-use asset	35	35	33	31	30	29	30	29	27	26	27	25
Goodwill	513	513	513	513	513	513	513	513	513	513	513	513
Total assets	1,201	1,228	1,249	1,273	1,295	1,350	1,385	1,427	1,276	1,246	968	1,004
Accounts payable	19	13	14	13	9	15	6	8	20	10	16	21
Accrued liabilities	16	23	20	20	18	24	20	27	25	26	23	26
Total current liabilities	192	193	201	211	399	432	732	732	544	562	259	279
Lease liability, non-current	46	44	42	39	38	36	37	36	34	32	32	30
Total liabilities	753	763	768	778	777	804	801	804	614	635	325	346
Accumulated deficit	(626)	(640)	(653)	(664)	(664)	(659)	(648)	(633)	(612)	(586)	(556)	(523)
Total stockholders' equity	448	465	481	495	518	545	584	623	662	612	643	658
Total liabilities and equity	1,201	1,228	1,249	1,273	1,295	1,350	1,385	1,427	1,276	1,246	968	1,004
Common shares outstanding (cover page) millions of shares	59	60	60	60	61	62	62	63	62	63	62	62

Fiscal quarters (QTWO's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Net income (loss)	(18)*	(14)	(13)	(12)	0*	5	12	15	20*	27	30	33
Stock-based compensation	19*	21	24*	24*	20*	21	23*	23*	20*	20	21*	20*
Depreciation and amortization	18*	18	18*	18*	16*	14	14*	14*	13*	12	12*	12*
Net cash from operating activities	37*	13	36*	43*	43*	44	49*	46*	64*	56	61*	65*
Purchases of property and equipment	1*	1	1*	2*	1*	1	1*	3*	2*	7	2*	2*
Net cash from investing activities	35*	23	(11)*	(27)*	(6)*	(20)	(22)*	13*	24*	16	20*	(10)*
Share repurchases	year only	—	—	—	year only	0	0*	0*	5*	97	23*	39*
Net cash from financing activities	4*	8	3*	(1)*	3*	1	4*	0*	(193)*	(97)	(323)*	(39)*
Net change in cash	76*	45	28*	16*	39*	25	31*	59*	(105)*	(25)	(242)*	16*

SIC 7372 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 7372 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Q2 Holdings	116	226	65*	61.8M	—	Q3 FY26 10-QSep 30, 2026
Aurora Innovation	141	3	(170)*	not reported	0.7 quarters	Q3 FY26 10-QSep 30, 2026
ServiceTitan	480	293	58*	not reported	—	Q2 FY26 10-QJul 31, 2026
Varonis Systems	234	not reported	25*	114.9M	—	Q2 FY26 10-QJun 30, 2026
Light & Wonder	148	828	241*	77.0M	—	Q2 FY26 10-QJun 30, 2026
Gitlab	226	286	(3.1)*	not reported	—	Q2 FY27 10-QJul 31, 2026
CCC Intelligent Solutions Holdings	203	294	100*	591.0M	—	Q3 FY26 10-QSep 30, 2026
Appian	121	203	12*	71.8M	—	Q2 FY26 10-QJun 30, 2026
SPS Commerce	154	198	64*	35.4M	—	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.