QTWO · XBRL financial data

Q2 Holdings financial statements, every fiscal year

The same tables from 6 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 years (QTWO's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	403	499	566	625	696	795
Cost of revenue	228	274	309	322	342	—
Cost of goods and services sold	—	—	—	322	342	365
Gross profit	175	225	256	303	354	430
Research and development	97	117	130	137	143	154
General and administrative	71	78	90	110	123	126
Total operating expenses	274	303	361	389	397	390
Operating income (loss)	(100)	(78)	(105)	(86)	(42)	40
Interest expense	—	—	—	5	5	5
Income tax expense (benefit)	1	2	3	4	8	3
Net income (loss)	(138)	(113)	(109)	(65)	(39)	52
Earnings per share, basic USD per share	(2.65)	(2.00)	(1.90)	(1.12)	(0.64)	0.84
Earnings per share, diluted USD per share	(2.65)	(2.00)	(1.90)	(1.12)	(0.64)	0.80
Weighted average shares, basic millions of shares	52	56	57	58	60	62
Weighted average shares, diluted millions of shares	52	56	57	58	60	65

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	408	323	200	230	359	368
Marketable securities	131	105	234	94	88	65
Accounts receivable	36	47	47	43	42	52
Prepaid and other current assets	9	11	11	12	24	28
Total current assets	616	522	531	428	559	556
Property and equipment, net	50	67	57	41	32	28
Right-of-use asset	35	52	40	35	30	27
Goodwill	462	513	513	513	513	513
Total assets	1,417	1,385	1,350	1,201	1,295	1,276
Accounts payable	8	11	10	19	9	20
Accrued liabilities	22	18	21	16	18	25
Total current liabilities	146	168	192	192	399	544
Lease liability, non-current	37	61	53	46	38	34
Total liabilities	773	815	931	753	777	614
Accumulated deficit	(381)	(494)	(560)	(626)	(664)	(612)
Total stockholders' equity	643	570	419	448	518	662
Total liabilities and equity	1,417	1,385	1,350	1,201	1,295	1,276
Common shares outstanding (cover page) millions of shares	56	57	58	59	61	62

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(138)	(113)	(109)	(65)	(39)	52
Stock-based compensation	51	56	65	79	89	87
Depreciation and amortization	52	55	62	72	69	53
Net cash from operating activities	(3)	31	37	70	136	201
Purchases of property and equipment	24	20	11	6	7	7
Net cash from investing activities	(124)	(65)	(166)	113	(21)	(4)
Proceeds from issuing common stock	311	0	0	—	—	—
Share repurchases	—	—	—	0	0	5
Net cash from financing activities	435	(51)	6	(152)	13	(189)
Net change in cash	308	(85)	(124)	32	127	9

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.