---
schema_version: "secwatch.filing_event.v1"
accession: "0001410384-25-000006"
form_type: "8-K"
ticker: "QTWO"
cik: "0001410384"
company_name: "Q2 Holdings, Inc."
filed_at: "2025-02-12T23:59:59+00:00"
generated_at: "2026-05-26T22:52:34.775092+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Q2 Holdings Q4 revenue $183M (+13% YoY), GAAP net income turns positive; raises three-year targets

## Summary
- Q4 revenue $183.0M (+13% YoY); GAAP net income $0.2M vs loss of $18.1M YoY.
- Adjusted EBITDA Q4 $37.6M (up from $23.2M YoY); full-year $125.3M (up from $76.9M).
- Subscription ARR $682M (+15% YoY); backlog $2.2B (+21% YoY) with seven Tier 1/Enterprise deals in Q4.
- Raised three-year targets: avg annual subscription revenue growth to 15%, EBITDA margin expansion 360bps, FCF conversion 85% by 2026.
- Q1 2025 guidance: revenue $184-188M, adj EBITDA $36-39M; full-year 2025 revenue $772-779M.

## SEC filing metadata
- accession: 0001410384-25-000006
- form_type: 8-K
- ticker: QTWO
- cik: 0001410384
- company_name: Q2 Holdings, Inc.
- filed_at: 2025-02-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1410384/000141038425000006/0001410384-25-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1410384/000141038425000006/qtwo-20250212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001410384-25-000006
- JSON: https://secwatch.observer/filing/0001410384-25-000006.json
- Plain text: https://secwatch.observer/filing/0001410384-25-000006.txt

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