Q2 Holdings, Inc. (QTWO) financial statements (2020 and earlier)

Company profile

Business Address 13785 RESEARCH BOULEVARD
AUSTIN, TX 78750
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1321771009711189
Cash and cash equivalents10010858556768
Short-term investments326942424421
Restricted cash and investments  2   
Receivables27231513127
Contract with customer, asset11
Capitalized contract cost53
Other undisclosed current assets21141415108
Total current assets:186218131126133105
Noncurrent Assets
Operating lease, right-of-use asset35
Property, plant and equipment393535272419
Intangible assets, net (including goodwill)686171252830 
Goodwill462108131313 
Intangible assets, net (excluding goodwill)22463121517 
Contract with customer, asset, net1510
Capitalized contract cost, net1710
Deferred costs  8675
Other noncurrent assets221111
Other undisclosed noncurrent assets2817141397
Total noncurrent assets:82324582757132
TOTAL ASSETS:1,009464213201204137
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities271818131511
Accounts payable1198432
Accrued liabilities169119119
Deferred revenue58
Debt9   00
Deferred compensation liability3913121684
Deferred revenue and credits38302317
Contract with customer, liability43
Total current liabilities:1337468594633
Noncurrent Liabilities
Long-term debt and lease obligation461183   0
Long-term debt, excluding current maturities425183    
Capital lease obligations    0
Operating lease, liability36
Liabilities, other than long-term debt364838424125
Deferred revenue and credits38413724
Deferred revenue33
Contract with customer, liability23
Deferred rent credit 8
Other liabilities3170041
Total noncurrent liabilities:49723138424125
Total liabilities:6303051061018658
Stockholders' equity
Stockholders' equity attributable to parent, including:37915910710011879
Treasury stock, value  (1)(0)(0)(0)
Additional paid in capital623331260226208143
Accumulated other comprehensive income (loss)0(0)(0)(0)(0)(0)
Accumulated deficit(243)(172)(152)(126)(89)(64)
Other undisclosed stockholders' equity attributable to parent000000
Total stockholders' equity:37915910710011879
TOTAL LIABILITIES AND EQUITY:1,009464213201204137

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues31524119415010979
Cost of revenue(162)(122)(99)(77)(59)(46)
Gross profit:15311994735033
Operating expenses(220)(151)(121)(109)(75)(52)
Operating loss:(67)(32)(27)(36)(25)(19)
Nonoperating income (expense)(17)(7)0(0)(0)(0)
Investment income, nonoperating(0)0(0)(0)(0)(0)
Interest and debt expense(1)(1)    
Loss from continuing operations before equity method investments, income taxes:(85)(40)(26)(36)(25)(20)
Other undisclosed income from continuing operations before income taxes11    
Loss from continuing operations before income taxes:(83)(39)(26)(36)(25)(20)
Income tax expense (benefit)1240(0)(0)(0)
Net loss available to common stockholders, diluted:(71)(35)(26)(36)(25)(20)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(71)(35)(26)(36)(25)(20)
Other comprehensive loss  (26)(36)(25)(20)
Comprehensive loss:(71)(35)(52)(73)(50)(39)
Other undisclosed comprehensive income, net of tax, attributable to parent00    
Comprehensive loss, net of tax, attributable to parent:(71)(35)(52)(73)(50)(39)

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.

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