secwatch.observer — SEC 8-K summary
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Issuer:     Q2 Holdings, Inc. (QTWO)
CIK:        0001410384
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001410384-25-000092
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1410384/000141038425000092/0001410384-25-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1410384/000141038425000092/qtwo-20250507.htm
  HTML page:      https://secwatch.observer/filing/0001410384-25-000092

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer