Q2 Holdings Q4 revenue $162.1M (+11% YoY); adjusted EBITDA $23.2M; backlog $1.8B; guides FY2024 revenue $683-689M

Q2 Holdings, Inc.

2023-FY EPS reported -$1.12 revenue$624,624,000

Revenue $162.1M (+11% YoY); full-year revenue $624.6M (+10% YoY). GAAP net loss narrowed to $18.1M from $32.4M.
Adjusted EBITDA $23.2M (Q4), full-year $76.9M, more than doubled YoY. Backlog $1.8B, up 23% YoY.
Subscription ARR $593.9M, up 19% YoY. FY2024 guidance: revenue $683-689M, adjusted EBITDA $107-111M.
New three-year targets: avg subscription revenue growth ~14%, Adj. EBITDA margin expansion 300-400 bps, FCF >70% of Adj. EBITDA by 2026.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Q2 Holdings, Inc. updated its the first quarter of 2024 and full-year 2024 guidance (initiated).

Period: the first quarter of 2024 and full-year 2024
Guidance: initiated
Result: guidance update

Exact text from the filing

As of February 21, 2024, Q2 Holdings is providing guidance for its first quarter of 2024 and full-year 2024, which represents Q2 Holdings’ current estimates on Q2 Holdings’ operations and financial results.

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Q2 Holdings, Inc. reported financial results for the fourth quarter and fiscal year ended December 31, 2023.

Period: the fourth quarter and fiscal year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 21, 2024, Q2 Holdings, Inc. (the "Company") issued a press release regarding its financial results for the fourth quarter and fiscal year ended December 31, 2023.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

Q2 Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001410384-24-000013

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