secwatch.observer — SEC 8-K summary
======================================

Issuer:     Q2 Holdings, Inc. (QTWO)
CIK:        0001410384
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001410384-23-000066
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Q2 Holdings Q1 revenue $153.0M (+14% YoY), adjusted EBITDA $16.5M; raises FY23 EBITDA guidance
--------------------------------------------------------------------------------

- GAAP net loss of $0.5M vs -$23.6M YoY; includes $19.9M gain from partial debt repurchase.
- Non-GAAP revenue $153.1M, up 14% YoY; adjusted EBITDA $16.5M, double $8.1M YoY.
- Signed three Tier 1 digital banking contracts; record digital banking bookings in quarter.
- Repurchased $171.3M of convertible notes due 2025/2026 for $149.1M cash.
- Q2 non-GAAP revenue guidance $153.1-155.1M; full-year revenue $618-630M; EBITDA guidance raised to $67-71M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1410384/000141038423000066/0001410384-23-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1410384/000141038423000066/qtwo-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001410384-23-000066

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