Q2 Holdings Q3 revenue $175M (+13% YoY); adjusted EBITDA $32.6M; backlog tops $2B

Q2 Holdings, Inc.

2024-Q3 EPS reported -$0.65 revenue$513,419,000

GAAP net loss improved to $11.8M from $23.2M a year ago; gross margin 50.9% vs 47.8%.
Subscription ARR reached $654.6M, up 20% YoY; backlog exceeded $2.0B (+30% YoY).
Q4 guidance: non-GAAP revenue $178.1M-$181.1M; adjusted EBITDA $34.3M-$36.3M.
Signed six Enterprise & Tier 1 deals, including three with Top 50 U.S. banks.
Total revenue Rule of 30 target achieved in Q3; subscription revenue now >80% of total.

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