---
schema_version: "secwatch.filing_event.v1"
accession: "0001410384-24-000194"
form_type: "8-K"
ticker: "QTWO"
cik: "0001410384"
company_name: "Q2 Holdings, Inc."
filed_at: "2024-11-06T23:59:59+00:00"
generated_at: "2026-05-30T04:26:32.821371+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001410384-24-000194
- form_type: 8-K
- ticker: QTWO
- cik: 0001410384
- company_name: Q2 Holdings, Inc.
- filed_at: 2024-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1410384/000141038424000194/0001410384-24-000194-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1410384/000141038424000194/qtwo-20241106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001410384-24-000194
- JSON: https://secwatch.observer/filing/0001410384-24-000194.json
- Plain text: https://secwatch.observer/filing/0001410384-24-000194.txt

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