secwatch.observer — SEC 8-K summary
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Issuer:     Q2 Holdings, Inc. (QTWO)
CIK:        0001410384
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001410384-24-000194
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1410384/000141038424000194/0001410384-24-000194-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1410384/000141038424000194/qtwo-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001410384-24-000194

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