earnings
confidence high
sentiment positive
materiality 0.80
Q2 Holdings Q1 beats guidance; revenue $189.7M, GAAP net income $4.8M, adj EBITDA $40.7M
Q2 Holdings, Inc.
2025-Q1 EPS reported
$0.07
revenue$189,735,000
- Revenue $189.7M (+15% YoY); GAAP net income $4.8M vs net loss of $13.8M in Q1 2024.
- Adjusted EBITDA $40.7M (21.4% margin), up from $25.2M in prior-year quarter.
- Subscription ARR $702.4M (+14% YoY); total backlog ~$2.3B (+20% YoY).
- Q2 guidance: revenue $191-195M, adj EBITDA $41-44M; FY25 guidance: revenue $776-783M, adj EBITDA $170-175M.
- Signed five Tier 1/Enterprise contracts in quarter, including expansion with a Top 50 US bank.