---
schema_version: "secwatch.filing_event.v1"
accession: "0001410384-23-000109"
form_type: "8-K"
ticker: "QTWO"
cik: "0001410384"
company_name: "Q2 Holdings, Inc."
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T12:34:23.216351+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001410384-23-000109
- form_type: 8-K
- ticker: QTWO
- cik: 0001410384
- company_name: Q2 Holdings, Inc.
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1410384/000141038423000109/0001410384-23-000109-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1410384/000141038423000109/qtwo-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001410384-23-000109
- JSON: https://secwatch.observer/filing/0001410384-23-000109.json
- Plain text: https://secwatch.observer/filing/0001410384-23-000109.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1410384/000141038423000109/0001410384-23-000109-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.