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

Issuer:     Q2 Holdings, Inc. (QTWO)
CIK:        0001410384
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001410384-23-000137
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1410384/000141038423000137/0001410384-23-000137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1410384/000141038423000137/qtwo-20231101.htm
  HTML page:      https://secwatch.observer/filing/0001410384-23-000137

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