Below are the financial statements of Q2 Holdings, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenues | 696.46a | 624.62a | 565.67a |
| Cost of revenues | -341.98a | -321.97a | -309.33a |
| Gross profit | 354.48a | 302.65a | 256.35a |
| Operating expenses | — | — | — |
| Sales and marketing | -105.95a | -109.52a | -108.21a |
| Research and development | -143.24a | -137.33a | -130.1a |
| General and administrative | -122.94a | -110.19a | -90.16a |
| Transaction-related costs | 0a | -0.02a | -1.18a |
| Amortization of acquired intangibles | -16.98a | -20.67a | -18.25a |
| Lease and other restructuring charges | -7.63a | -10.98a | -13.2a |
| Total operating expenses | -396.74a | -388.71a | -361.11a |
| Loss from operations | -42.26a | -86.06a | -104.76a |
| Other income (expense) | — | — | — |
| Interest and other income | 16.34a | 10.1a | 5.36a |
| Interest and other expense | -4.94a | -5.73a | -6.68a |
| Gain on extinguishment of debt | 0a | 19.87a | 0a |
| Total other income (expense), net | 11.4a | 24.24a | -1.31a |
| Loss before income taxes | -30.86a | -61.82a | -106.08a |
| Provision for income taxes | -7.68a | -3.56a | -2.91a |
| Net loss | -38.54a | -65.38a | -108.98a |
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