secwatch.observer — SEC 8-K summary
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Issuer:     Q2 Holdings, Inc. (QTWO)
CIK:        0001410384
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001410384-24-000097
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1410384/000141038424000097/0001410384-24-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1410384/000141038424000097/qtwo-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001410384-24-000097

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