Q2 Holdings Inc

QTWO

Equity

ISIN US74736L1098 / Valor 23733115

New York Stock Exchange, Inc (2024-11-19)

USD 99.61+3.35%

Q2 Holdings Inc
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About company

Q2 Holdings Inc is a financial technology company that provides cloud-based digital banking solutions for banks, credit unions, and other financial institutions.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Q2 Holdings Inc. reported revenue of $172.9 million for the second quarter of 2024, reflecting a year-over-year increase from $154.5 million in the same quarter of 2023. This growth was driven by strong performance in their subscription-based services.

Net Loss

For the second quarter of 2024, Q2 Holdings Inc. reported a net loss of $13.1 million, which is an improvement compared to the net loss of $23.6 million in the second quarter of 2023. The reduction in net loss is attributed to better cost management and increased revenue.

Adjusted EBITDA

Q2 Holdings Inc. achieved an adjusted EBITDA of $22.5 million for Q2 2024, representing a significant improvement from $10.9 million in Q2 2023. The adjusted EBITDA margin for the quarter was 13%, up from 7% in the previous year.

Annualized Recurring Revenue

The company reported a year-over-year subscription Annualized Recurring Revenue (ARR) growth of 19% for the second quarter of 2024. However, total ARR growth was impacted by continued pressure in non-subscription ARR segments.

Financial Outlook

Q2 Holdings Inc. provided a financial outlook for the full year 2024, expecting non-GAAP revenue growth of 10% to 11% and an adjusted EBITDA margin of 17%. This outlook reflects the company's confidence in sustaining high growth and margin expansion.

Summarized from source with an LLMView Source

Key figures

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%5Y

Performance

38.6%1Y

38.6%3Y

38.6%5Y

Volatility