secwatch.observer — SEC 8-K summary
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Issuer:     Q2 Holdings, Inc. (QTWO)
CIK:        0001410384
Form:       8-K
Filed at:   2023-03-13T23:59:59+00:00
Accession:  0001410384-23-000044
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Q2 Holdings discloses minimal direct exposure to Silicon Valley Bank and Signature Bank
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- Cash deposits at Silicon Valley Bank less than $5,000; holds no securities there.
- No cash deposits or securities at Signature Bank; Signature Bank not a Q2 customer.
- SVB was a customer but revenue from SVB was <0.5% of Q2's 2022 total revenue.
- No individual customer >4% of revenue; top 20 customers collectively <25% of total revenue.
- Actively monitoring financial services markets for impacts on customers and operations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1410384/000141038423000044/0001410384-23-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1410384/000141038423000044/qtwo-20230313.htm
  HTML page:      https://secwatch.observer/filing/0001410384-23-000044

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