Q2 Holdings, Inc. (QTWO) financial statements (2023 and earlier)
Company profile
| Business Address |
10355 PECAN PARK BOULEVARD AUSTIN, TX 78729 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| SIC | 7372 - Prepackaged Software (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 428 | 539 | 132 | 177 | 100 | 97 | 111 | ||
| Cash and cash equivalents | 323 | 408 | 100 | 108 | 58 | 55 | 67 | ||
| Short-term investments | 105 | 131 | 32 | 69 | 42 | 42 | 44 | ||
| Restricted cash and investments | 2 | ||||||||
| Receivables | 52 | 39 | 27 | 23 | 15 | 13 | 12 | ||
| Contract with customer, asset | 2 | 1 | 1 | 1 | ✕ | ✕ | ✕ | ||
| Capitalized contract cost | 8 | 7 | 5 | 3 | ✕ | ✕ | ✕ | ||
| Other undisclosed current assets | 33 | 31 | 21 | 14 | 14 | 15 | 10 | ||
| Total current assets: | 522 | 616 | 186 | 218 | 131 | 126 | 133 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 52 | 35 | 35 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 67 | 50 | 39 | 35 | 35 | 27 | 24 | ||
| Intangible assets, net (including goodwill) | 675 | 647 | 686 | 171 | 25 | 28 | 30 | ||
| Goodwill | 513 | 462 | 462 | 108 | 13 | 13 | 13 | ||
| Intangible assets, net (excluding goodwill) | 162 | 185 | 224 | 63 | 12 | 15 | 17 | ||
| Contract with customer, asset, net | 22 | 19 | 15 | 10 | ✕ | ✕ | ✕ | ||
| Capitalized contract cost, net | 19 | 22 | 17 | 10 | ✕ | ✕ | ✕ | ||
| Deferred costs | 8 | 6 | 7 | ||||||
| Other noncurrent assets | 2 | 2 | 2 | 2 | 1 | 1 | 1 | ||
| Other undisclosed noncurrent assets | 25 | 26 | 28 | 17 | 14 | 13 | 9 | ||
| Total noncurrent assets: | 863 | 800 | 823 | 245 | 82 | 75 | 71 | ||
| TOTAL ASSETS: | 1,385 | 1,417 | 1,009 | 464 | 213 | 201 | 204 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 29 | 30 | 27 | 18 | 18 | 13 | 15 | ||
| Accounts payable | 11 | 8 | 11 | 9 | 8 | 4 | 3 | ||
| Accrued liabilities | 18 | 22 | 16 | 9 | 11 | 9 | 11 | ||
| Deferred revenue | 99 | 82 | 58 | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 9 | 0 | |||||||
| Deferred compensation liability | 32 | 27 | 39 | 13 | 12 | 16 | 8 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 38 | 30 | 23 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | 43 | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | 9 | 7 | |||||||
| Total current liabilities: | 168 | 146 | 133 | 74 | 68 | 59 | 46 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 613 | 594 | 461 | 183 | |||||
| Long-term debt, excluding current maturities | 552 | 557 | 425 | 183 | |||||
| Operating lease, liability | 61 | 37 | 36 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 33 | 33 | 36 | 48 | 38 | 42 | 41 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 38 | 41 | 37 | ||
| Deferred revenue | 29 | 29 | 33 | ✕ | ✕ | ✕ | ✕ | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | 23 | ✕ | ✕ | ✕ | ||
| Deferred rent credit | 8 | ✕ | ✕ | ✕ | |||||
| Other liabilities | 4 | 4 | 3 | 17 | 0 | 0 | 4 | ||
| Total noncurrent liabilities: | 646 | 628 | 497 | 231 | 38 | 42 | 41 | ||
| Total liabilities: | 815 | 773 | 630 | 305 | 106 | 101 | 86 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 570 | 643 | 379 | 159 | 107 | 100 | 118 | ||
| Treasury stock, value | (1) | (0) | (0) | ||||||
| Additional paid in capital | 1,064 | 1,025 | 623 | 331 | 260 | 226 | 208 | ||
| Accumulated other comprehensive income (loss) | (0) | (0) | 0 | (0) | (0) | (0) | (0) | ||
| Accumulated deficit | (494) | (381) | (243) | (172) | (152) | (126) | (89) | ||
| Other undisclosed stockholders' equity attributable to parent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Total stockholders' equity: | 570 | 643 | 379 | 159 | 107 | 100 | 118 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,385 | 1,417 | 1,009 | 464 | 213 | 201 | 204 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 499 | 403 | 315 | 241 | 194 | 150 | 109 | |
| Cost of revenue | (274) | (228) | (162) | (122) | (99) | (77) | (59) | |
| Gross profit: | 225 | 175 | 153 | 119 | 94 | 73 | 50 | |
| Operating expenses | (303) | (274) | (220) | (151) | (121) | (109) | (75) | |
| Operating loss: | (78) | (100) | (67) | (32) | (27) | (36) | (25) | |
| Nonoperating income (expense) | (33) | (36) | (17) | (7) | 0 | (0) | (0) | |
| Investment income, nonoperating | (1) | (0) | (0) | 0 | (0) | (0) | (0) | |
| Interest and debt expense | (2) | (2) | (1) | (1) | ||||
| Loss from continuing operations before equity method investments, income taxes: | (113) | (138) | (85) | (40) | (26) | (36) | (25) | |
| Other undisclosed income from continuing operations before income taxes | 2 | 2 | 1 | 1 | ||||
| Loss from continuing operations before income taxes: | (111) | (136) | (83) | (39) | (26) | (36) | (25) | |
| Income tax expense (benefit) | (2) | (1) | 12 | 4 | 0 | (0) | (0) | |
| Net loss available to common stockholders, diluted: | (113) | (138) | (71) | (35) | (26) | (36) | (25) | |
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (113) | (138) | (71) | (35) | (26) | (36) | (25) | |
| Other comprehensive loss | (26) | (36) | (25) | |||||
| Comprehensive loss: | (113) | (138) | (71) | (35) | (52) | (73) | (50) | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (0) | (0) | 0 | 0 | ||||
| Comprehensive loss, net of tax, attributable to parent: | (113) | (138) | (71) | (35) | (52) | (73) | (50) | |
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.