Q2 Holdings Q2 revenue $154.5M (+10% YoY), raises FY23 adjusted EBITDA guidance

Q2 Holdings, Inc.

2023-Q2 EPS reported -$0.42 revenue$307,539,000

Revenue $154.5M (+10% YoY); GAAP net loss $23.6M vs $25.2M loss a year ago.
Adjusted EBITDA $17.6M (up from $9.7M); non-GAAP gross margin 54.2% vs 51.3%.
Signed two Tier 1 digital banking and two Tier 1 digital lending contracts.
FY23 guidance: non-GAAP revenue $620-628M; adj. EBITDA raised to $71-75M.
Registered users 21.7M (+8% YoY); best first-half bookings in company history.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Q2 Holdings, Inc. reported third quarter of 2023 and full-year 2023 results: revenue Total non-GAAP revenue of $153.5 million to $156.5 million for Q3 2023 and $620.0 million to $628.0 million for full-yea. Guidance raised.

Period: third quarter of 2023 and full-year 2023
Revenue: Total non-GAAP revenue of $153.5 million to $156.5 million for Q3 2023 and $620.0 million to $628.0 million for full-yea
Guidance: raised
Result: guidance update

Exact text from the filing

Q2 Holdings is providing guidance for its third quarter of 2023 as follows: • Total non-GAAP revenue of $153.5 million to $156.5 million, which would represent year-over-year growth of 6 percent to 8 percent. • Adjusted EBITDA of $17.0 million to $19.0 million, representing 11 to 12 percent of non-GAAP revenue for the quarter. Q2 Holdings is providing updated guidance for the full-year 2023 as follows: • Total non-GAAP revenue of $620.0 million to $628.0 million, which would represent year-over-year growth of 9 percent to 11 percent. • Adjusted EBITDA of $71.0 million to $75.0 million, representing 11 to 12 percent of non-GAAP revenue for the year.

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Source: SEC EDGAR

accession 0001410384-23-000109

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