---
schema_version: "secwatch.filing_event.v1"
accession: "0001410384-23-000137"
form_type: "8-K"
ticker: "QTWO"
cik: "0001410384"
company_name: "Q2 Holdings, Inc."
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T02:16:41.398485+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Q2 Holdings Q3 revenue $155M (+7% YoY), adj. EBITDA $19.7M, raises FY outlook

## Summary
- GAAP net loss narrowed to $23.2M from $27.8M a year ago; gross margin 47.8%.
- Adjusted EBITDA $19.7M vs $10.8M YoY; margin expanded 500+ bps.
- Signed two of the top 10 largest digital banking deals in company history.
- Q4 guidance: non-GAAP revenue $160.3-163.3M; adj. EBITDA $21.2-23.2M.
- Full-year adj. EBITDA guidance raised to $75-77M from prior range.

## SEC filing metadata
- accession: 0001410384-23-000137
- form_type: 8-K
- ticker: QTWO
- cik: 0001410384
- company_name: Q2 Holdings, Inc.
- filed_at: 2023-11-01T23:59:59+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/1410384/000141038423000137/0001410384-23-000137-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1410384/000141038423000137/qtwo-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001410384-23-000137
- JSON: https://secwatch.observer/filing/0001410384-23-000137.json
- Plain text: https://secwatch.observer/filing/0001410384-23-000137.txt

## Key facts
- Earnings Releases
  Q2 Holdings, Inc. reported third quarter ended September 30, 2023 results: revenue $155.0 million, net income $23.2 million. Guidance raised.
  - Period: third quarter ended September 30, 2023
  - Revenue: $155.0 million
  - Net income: $23.2 million
  - Guidance: raised
  - Result: reported results
  source text: Revenue for the third quarter of $155.0 million, up 7 percent year-over-year an d flat from the second quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1410384/000141038423000137/0001410384-23-000137-index.htm

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