secwatch.observer — SEC 8-K summary
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Issuer:     Q2 Holdings, Inc. (QTWO)
CIK:        0001410384
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0001410384-23-000010
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1410384/000141038423000010/0001410384-23-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1410384/000141038423000010/qtwo-20230221.htm
  HTML page:      https://secwatch.observer/filing/0001410384-23-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer