QTWO · Q2 Holdings, Inc.

Summary

Q2 Holdings, Inc. announced financial results for Q4 and full-year 2025, reporting full-year revenue of $794.8 million (up 14% YoY) and GAAP net income of $52.0 million, a significant improvement from a net loss in the prior year. The company also provided revenue and Adjusted EBITDA guidance for Q1 and full-year 2026, alongside a new long-term financial framework targeting 2030.

Key takeaways

• Q4 2025 revenue was $208.2 million, up 14% year-over-year, with full-year 2025 revenue of $794.8 million.
• GAAP net income for Q4 2025 was $20.4 million, compared to $0.2 million in the prior-year quarter.
• Full-year 2025 Adjusted EBITDA was $186.5 million, up from $125.3 million in full-year 2024.
• Remaining Performance Obligations (Backlog) totaled approximately $2.7 billion, representing 21% year-over-year growth.
• Q2 issued Q1 2026 revenue guidance of $212.5 million to $216.5 million and full-year 2026 revenue guidance of $871.0 million to $878.0 million.
• The company introduced a new financial framework targeting an Adjusted EBITDA margin of approximately 35% by year-end 2030.