secwatch.observer — SEC 8-K summary
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Issuer:     Q2 Holdings, Inc. (QTWO)
CIK:        0001410384
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001410384-24-000156
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Q2 Holdings beats Q2 estimates; raises full-year revenue and EBITDA guidance
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- Revenue $172.9M (+12% YoY), GAAP net loss $13.1M (improved from $23.6M loss YoY), adj EBITDA $29.9M (+70% YoY).
- Subscription ARR $633.9M (+19% YoY); committed backlog $2.0B (+28% YoY) with record $38M sequential increase.
- Raised FY2024 guidance: non-GAAP revenue $688.5-692.5M (+10-11% YoY); adj EBITDA $116.5-119.5M (17% margin).
- Signed four Tier 1 digital banking contracts in Q2, including two new banks and two expansion agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1410384/000141038424000156/0001410384-24-000156-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1410384/000141038424000156/qtwo-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001410384-24-000156

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