Q2 Holdings Q4 2022 revenue $146.5M (+11% YoY); net loss $32.4M; guides Q1 2023 non-GAAP revenue $149-152M

Q2 Holdings, Inc.

2022-FY EPS reported -$1.90 revenue$565,673,000

Q4 GAAP revenue $146.5M (+11% YoY); full-year 2022 revenue $565.7M (+13% YoY).
Q4 GAAP net loss $32.4M vs $25.4M in prior-year quarter; full-year net loss $109.0M vs $112.7M in 2021.
Q4 adjusted EBITDA $8.4M, down from $10.8M a year ago; full-year adjusted EBITDA $36.9M vs $37.9M.
Mutual contract termination with international alternative finance customer reduced Q4 revenue by $3.1M and adjusted EBITDA by $3.9M.
Q4 ARR $655.2M (+14% YoY); backlog ~$1.5B (+6% YoY); record sales quarter with multiple Tier 1/Enterprise deals.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.8

Q2 Holdings, Inc. updated its the fourth quarter and fiscal year ended December 31, 2022 guidance (raised).

Period: the fourth quarter and fiscal year ended December 31, 2022
Guidance: raised
Result: reported results

Exact text from the filing

On February 21, 2023, Q2 Holdings, Inc. (the "Company") issued a press release regarding its financial results for the fourth quarter and fiscal year ended December 31, 2022.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

Q2 Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001410384-23-000010

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