---
schema_version: "secwatch.filing_event.v1"
accession: "0001410384-25-000092"
form_type: "8-K"
ticker: "QTWO"
cik: "0001410384"
company_name: "Q2 Holdings, Inc."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T07:28:32.087694+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Q2 Holdings Q1 beats guidance; revenue $189.7M, GAAP net income $4.8M, adj EBITDA $40.7M

## Summary
- 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.

## SEC filing metadata
- accession: 0001410384-25-000092
- form_type: 8-K
- ticker: QTWO
- cik: 0001410384
- company_name: Q2 Holdings, Inc.
- filed_at: 2025-05-07T23:59:59+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/1410384/000141038425000092/0001410384-25-000092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1410384/000141038425000092/qtwo-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001410384-25-000092
- JSON: https://secwatch.observer/filing/0001410384-25-000092.json
- Plain text: https://secwatch.observer/filing/0001410384-25-000092.txt

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