---
schema_version: "secwatch.filing_event.v1"
accession: "0001410384-24-000013"
form_type: "8-K"
ticker: "QTWO"
cik: "0001410384"
company_name: "Q2 Holdings, Inc."
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T21:53:29.450337+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001410384-24-000013
- form_type: 8-K
- ticker: QTWO
- cik: 0001410384
- company_name: Q2 Holdings, Inc.
- filed_at: 2024-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1410384/000141038424000013/0001410384-24-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1410384/000141038424000013/qtwo-20240221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001410384-24-000013
- JSON: https://secwatch.observer/filing/0001410384-24-000013.json
- Plain text: https://secwatch.observer/filing/0001410384-24-000013.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1410384/000141038424000013/0001410384-24-000013-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1410384/000141038424000013/0001410384-24-000013-index.htm

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