secwatch.observer — SEC 8-K summary
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Issuer:     Q2 Holdings, Inc. (QTWO)
CIK:        0001410384
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001410384-24-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1410384/000141038424000013/0001410384-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1410384/000141038424000013/qtwo-20240221.htm
  HTML page:      https://secwatch.observer/filing/0001410384-24-000013

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