
Q2 Holdings Inc
NYSE:QTWO

Income Statement
Earnings Waterfall
Q2 Holdings Inc
Revenue
|
696.5m
USD
|
Cost of Revenue
|
-342m
USD
|
Gross Profit
|
354.5m
USD
|
Operating Expenses
|
-389.1m
USD
|
Operating Income
|
-34.6m
USD
|
Other Expenses
|
-3.9m
USD
|
Net Income
|
-38.5m
USD
|
Income Statement
Q2 Holdings Inc
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Interest Expense |
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
0
|
0
|
0
|
1
|
4
|
7
|
10
|
12
|
13
|
17
|
20
|
24
|
27
|
28
|
29
|
30
|
32
|
33
|
33
|
27
|
20
|
13
|
7
|
6
|
6
|
6
|
6
|
6
|
5
|
5
|
5
|
|
Revenue |
79
N/A
|
87
+9%
|
94
+8%
|
101
+7%
|
109
+8%
|
119
+9%
|
128
+8%
|
139
+8%
|
150
+8%
|
161
+7%
|
173
+7%
|
184
+7%
|
194
+5%
|
204
+5%
|
215
+5%
|
226
+5%
|
241
+7%
|
258
+7%
|
277
+7%
|
296
+7%
|
316
+7%
|
337
+7%
|
357
+6%
|
381
+7%
|
403
+6%
|
427
+6%
|
453
+6%
|
476
+5%
|
499
+5%
|
516
+4%
|
533
+3%
|
551
+3%
|
566
+3%
|
585
+3%
|
599
+2%
|
609
+2%
|
625
+3%
|
637
+2%
|
656
+3%
|
676
+3%
|
696
+3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(46)
|
(49)
|
(52)
|
(55)
|
(59)
|
(64)
|
(68)
|
(73)
|
(77)
|
(82)
|
(88)
|
(94)
|
(100)
|
(104)
|
(109)
|
(113)
|
(122)
|
(132)
|
(143)
|
(153)
|
(163)
|
(178)
|
(192)
|
(209)
|
(228)
|
(238)
|
(253)
|
(266)
|
(274)
|
(284)
|
(293)
|
(301)
|
(309)
|
(315)
|
(319)
|
(322)
|
(322)
|
(325)
|
(331)
|
(336)
|
(342)
|
|
Gross Profit |
33
N/A
|
37
+13%
|
41
+10%
|
45
+10%
|
50
+10%
|
55
+10%
|
60
+9%
|
66
+10%
|
73
+11%
|
79
+8%
|
85
+8%
|
90
+7%
|
95
+5%
|
101
+6%
|
107
+6%
|
113
+6%
|
119
+6%
|
126
+5%
|
134
+7%
|
143
+7%
|
153
+7%
|
158
+3%
|
165
+4%
|
172
+4%
|
175
+1%
|
189
+8%
|
199
+6%
|
210
+5%
|
225
+7%
|
232
+3%
|
240
+3%
|
250
+4%
|
256
+3%
|
269
+5%
|
280
+4%
|
287
+3%
|
303
+5%
|
312
+3%
|
325
+4%
|
340
+5%
|
354
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(52)
|
(56)
|
(60)
|
(65)
|
(72)
|
(81)
|
(89)
|
(96)
|
(102)
|
(107)
|
(112)
|
(116)
|
(120)
|
(124)
|
(129)
|
(135)
|
(146)
|
(162)
|
(177)
|
(191)
|
(203)
|
(223)
|
(235)
|
(249)
|
(259)
|
(260)
|
(272)
|
(286)
|
(298)
|
(310)
|
(323)
|
(333)
|
(347)
|
(358)
|
(367)
|
(373)
|
(378)
|
(381)
|
(385)
|
(390)
|
(389)
|
|
Selling, General & Administrative |
(40)
|
(42)
|
(44)
|
(47)
|
(50)
|
(54)
|
(59)
|
(64)
|
(68)
|
(71)
|
(74)
|
(76)
|
(78)
|
(81)
|
(84)
|
(87)
|
(93)
|
(102)
|
(109)
|
(115)
|
(121)
|
(130)
|
(134)
|
(141)
|
(143)
|
(143)
|
(149)
|
(156)
|
(164)
|
(168)
|
(176)
|
(180)
|
(187)
|
(197)
|
(205)
|
(212)
|
(207)
|
(222)
|
(226)
|
(229)
|
(216)
|
|
Research & Development |
(12)
|
(14)
|
(16)
|
(18)
|
(22)
|
(25)
|
(28)
|
(31)
|
(33)
|
(34)
|
(36)
|
(38)
|
(40)
|
(42)
|
(44)
|
(47)
|
(51)
|
(58)
|
(65)
|
(72)
|
(76)
|
(84)
|
(88)
|
(92)
|
(97)
|
(99)
|
(105)
|
(112)
|
(117)
|
(121)
|
(124)
|
(126)
|
(130)
|
(133)
|
(136)
|
(137)
|
(137)
|
(138)
|
(139)
|
(142)
|
(143)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(6)
|
(10)
|
(13)
|
(17)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(19)
|
(20)
|
(21)
|
(21)
|
(20)
|
(20)
|
(19)
|
(17)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(5)
|
(9)
|
(12)
|
(9)
|
(6)
|
(3)
|
(13)
|
0
|
0
|
0
|
(13)
|
|
Operating Income |
(19)
N/A
|
(18)
+4%
|
(19)
-3%
|
(20)
-8%
|
(22)
-10%
|
(26)
-15%
|
(29)
-12%
|
(30)
-5%
|
(29)
+3%
|
(28)
+5%
|
(27)
+3%
|
(25)
+7%
|
(26)
-2%
|
(24)
+7%
|
(22)
+6%
|
(22)
+0%
|
(27)
-22%
|
(37)
-35%
|
(43)
-18%
|
(48)
-11%
|
(50)
-5%
|
(65)
-29%
|
(70)
-8%
|
(77)
-10%
|
(84)
-9%
|
(71)
+15%
|
(72)
-1%
|
(76)
-5%
|
(73)
+3%
|
(78)
-6%
|
(83)
-7%
|
(83)
N/A
|
(90)
-9%
|
(89)
+2%
|
(87)
+2%
|
(86)
+2%
|
(75)
+12%
|
(69)
+8%
|
(60)
+13%
|
(50)
+17%
|
(35)
+31%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(1)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(1)
|
(3)
|
(5)
|
(7)
|
(9)
|
(10)
|
(13)
|
(17)
|
(21)
|
(24)
|
(26)
|
(27)
|
(29)
|
(31)
|
(32)
|
(32)
|
(24)
|
(17)
|
(9)
|
(1)
|
0
|
2
|
3
|
4
|
5
|
8
|
10
|
11
|
|
Non-Reccuring Items |
0
|
0
|
0
|
(1)
|
(3)
|
(4)
|
(6)
|
(6)
|
(6)
|
(5)
|
(4)
|
(3)
|
(1)
|
(1)
|
(2)
|
(3)
|
(5)
|
(7)
|
(8)
|
(10)
|
(16)
|
(12)
|
(25)
|
(24)
|
(25)
|
(28)
|
(16)
|
(16)
|
(6)
|
(6)
|
(3)
|
(7)
|
(14)
|
4
|
2
|
1
|
9
|
(14)
|
(12)
|
(9)
|
(8)
|
|
Pre-Tax Income |
(20)
N/A
|
(19)
+5%
|
(19)
-2%
|
(21)
-12%
|
(25)
-17%
|
(30)
-19%
|
(34)
-16%
|
(37)
-7%
|
(36)
+2%
|
(33)
+7%
|
(31)
+6%
|
(28)
+12%
|
(27)
+4%
|
(26)
+3%
|
(27)
-5%
|
(30)
-12%
|
(39)
-29%
|
(52)
-33%
|
(61)
-17%
|
(71)
-16%
|
(83)
-18%
|
(98)
-17%
|
(119)
-22%
|
(127)
-7%
|
(136)
-7%
|
(128)
+6%
|
(119)
+7%
|
(123)
-4%
|
(111)
+10%
|
(108)
+3%
|
(103)
+5%
|
(99)
+4%
|
(106)
-7%
|
(84)
+20%
|
(83)
+2%
|
(81)
+2%
|
(62)
+24%
|
(77)
-25%
|
(65)
+16%
|
(49)
+25%
|
(31)
+37%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
0
|
1
|
1
|
1
|
4
|
4
|
4
|
3
|
13
|
12
|
12
|
12
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(4)
|
(5)
|
(7)
|
(8)
|
(8)
|
|
Income from Continuing Operations |
(20)
|
(19)
|
(19)
|
(21)
|
(25)
|
(30)
|
(35)
|
(37)
|
(36)
|
(34)
|
(32)
|
(28)
|
(26)
|
(25)
|
(26)
|
(29)
|
(35)
|
(49)
|
(57)
|
(67)
|
(71)
|
(86)
|
(107)
|
(116)
|
(138)
|
(129)
|
(120)
|
(125)
|
(113)
|
(111)
|
(106)
|
(102)
|
(109)
|
(86)
|
(84)
|
(83)
|
(65)
|
(82)
|
(72)
|
(57)
|
(39)
|
|
Net Income (Common) |
(20)
N/A
|
(19)
+5%
|
(19)
-2%
|
(21)
-13%
|
(25)
-17%
|
(30)
-20%
|
(35)
-16%
|
(37)
-7%
|
(36)
+2%
|
(34)
+7%
|
(32)
+6%
|
(28)
+12%
|
(26)
+7%
|
(25)
+4%
|
(26)
-3%
|
(29)
-12%
|
(35)
-22%
|
(49)
-38%
|
(57)
-18%
|
(67)
-17%
|
(71)
-6%
|
(86)
-21%
|
(107)
-25%
|
(116)
-8%
|
(138)
-19%
|
(129)
+6%
|
(120)
+7%
|
(125)
-4%
|
(113)
+10%
|
(111)
+2%
|
(106)
+4%
|
(102)
+4%
|
(109)
-7%
|
(86)
+21%
|
(84)
+2%
|
(83)
+1%
|
(65)
+21%
|
(82)
-26%
|
(72)
+13%
|
(57)
+21%
|
(39)
+32%
|
|
EPS (Diluted) |
-0.57
N/A
|
-0.52
+9%
|
-0.51
+2%
|
-0.59
-16%
|
-0.67
-14%
|
-0.79
-18%
|
-0.88
-11%
|
-0.93
-6%
|
-0.92
+1%
|
-0.85
+8%
|
-0.79
+7%
|
-0.69
+13%
|
-0.64
+7%
|
-0.61
+5%
|
-0.62
-2%
|
-0.69
-11%
|
-0.83
-20%
|
-1.12
-35%
|
-1.27
-13%
|
-1.4
-10%
|
-1.53
-9%
|
-1.76
-15%
|
-2.09
-19%
|
-2.15
-3%
|
-2.65
-23%
|
-2.31
+13%
|
-2.13
+8%
|
-2.21
-4%
|
-2
+10%
|
-1.95
+3%
|
-1.86
+5%
|
-1.78
+4%
|
-1.9
-7%
|
-1.49
+22%
|
-1.46
+2%
|
-1.43
+2%
|
-1.12
+22%
|
-1.4
-25%
|
-1.21
+14%
|
-0.95
+21%
|
-0.64
+33%
|