---
schema_version: "secwatch.filing_event.v1"
accession: "0001410384-24-000097"
form_type: "8-K"
ticker: "QTWO"
cik: "0001410384"
company_name: "Q2 Holdings, Inc."
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T02:35:51.103333+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Q2 Holdings Q1 revenue $165.5M (+8% YoY); raises FY2024 guidance

## Summary
- GAAP net loss $13.8M vs. $0.5M loss in prior-year quarter (which included $19.9M gain on debt repurchase).
- Adjusted EBITDA $25.2M, up from $16.5M YoY; subscription ARR $615.1M (+18% YoY).
- Backlog $1.9B (+25% YoY); signed four Tier 1 digital banking contracts in Q1.
- Q2 2024 guidance: non-GAAP revenue $169-172M, adjusted EBITDA $26-28M.
- FY2024 guidance raised: non-GAAP revenue $686-692M, adjusted EBITDA $110-114M.

## SEC filing metadata
- accession: 0001410384-24-000097
- form_type: 8-K
- ticker: QTWO
- cik: 0001410384
- company_name: Q2 Holdings, Inc.
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1410384/000141038424000097/0001410384-24-000097-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1410384/000141038424000097/qtwo-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001410384-24-000097
- JSON: https://secwatch.observer/filing/0001410384-24-000097.json
- Plain text: https://secwatch.observer/filing/0001410384-24-000097.txt

## Key facts
- Earnings Releases
  Q2 Holdings, Inc. reported first quarter ending March 31, 2024 results: revenue $165.5 million, net income GAAP net loss for the first quarter of $13.8 million. Guidance raised.
  - Period: first quarter ending March 31, 2024
  - Revenue: $165.5 million
  - Net income: GAAP net loss for the first quarter of $13.8 million
  - Guidance: raised
  - Result: reported results
  source text: solutions for financial services, today announced results for its first quarter ending March 31, 2024. GAAP Results for the First Quarter 2024 • Revenue for the first quarter of $165.5 million, up 8 percent year-over-year an d up 2 percent from the fourth quarter of 2023. • GAAP gross margin for the first quarter of 49.7 percent, up from 47.9 percent in the prior-year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1410384/000141038424000097/0001410384-24-000097-index.htm

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