secwatch.observer — SEC 8-K summary
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Issuer:     Q2 Holdings, Inc. (QTWO)
CIK:        0001410384
Form:       8-K
Filed at:   2025-02-12T23:59:59+00:00
Accession:  0001410384-25-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1410384/000141038425000006/0001410384-25-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1410384/000141038425000006/qtwo-20250212.htm
  HTML page:      https://secwatch.observer/filing/0001410384-25-000006

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