Q2 Holdings, Inc. (QTWO) financial statements (2021 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)

12/31/2020
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 investments5391321771009711189
Cash and cash equivalents40810010858556768
Short-term investments131326942424421
Restricted cash and investments   2   
Receivables3927231513127
Contract with customer, asset111
Capitalized contract cost753
Other undisclosed current assets3121141415108
Total current assets:616186218131126133105
Noncurrent Assets
Operating lease, right-of-use asset3535
Property, plant and equipment50393535272419
Intangible assets, net (including goodwill)647686171252830 
Goodwill462462108131313 
Intangible assets, net (excluding goodwill)18522463121517 
Contract with customer, asset, net191510
Capitalized contract cost, net221710
Deferred costs   8675
Other noncurrent assets2221111
Other undisclosed noncurrent assets262817141397
Total noncurrent assets:80082324582757132
TOTAL ASSETS:1,4171,009464213201204137
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities30271818131511
Accounts payable81198432
Accrued liabilities22169119119
Deferred revenue8258
Debt 9   00
Deferred compensation liability273913121684
Deferred revenue and credits38302317
Contract with customer, liability43
Other undisclosed current liabilities7      
Total current liabilities:1461337468594633
Noncurrent Liabilities
Long-term debt and lease obligation594461183   0
Long-term debt, excluding current maturities557425183    
Capital lease obligations    0
Operating lease, liability3736
Liabilities, other than long-term debt33364838424125
Deferred revenue and credits38413724
Deferred revenue2933
Contract with customer, liability23
Deferred rent credit  8
Other liabilities43170041
Total noncurrent liabilities:62849723138424125
Total liabilities:7736303051061018658
Stockholders' equity
Stockholders' equity attributable to parent, including:64337915910710011879
Treasury stock, value   (1)(0)(0)(0)
Additional paid in capital1,025623331260226208143
Accumulated other comprehensive income (loss)(0)0(0)(0)(0)(0)(0)
Accumulated deficit(381)(243)(172)(152)(126)(89)(64)
Other undisclosed stockholders' equity attributable to parent0000000
Total stockholders' equity:64337915910710011879
TOTAL LIABILITIES AND EQUITY:1,4171,009464213201204137

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues40331524119415010979
Cost of revenue(228)(162)(122)(99)(77)(59)(46)
Gross profit:17515311994735033
Operating expenses(274)(220)(151)(121)(109)(75)(52)
Operating loss:(100)(67)(32)(27)(36)(25)(19)
Nonoperating income (expense)(36)(17)(7)0(0)(0)(0)
Investment income, nonoperating(0)(0)0(0)(0)(0)(0)
Interest and debt expense(2)(1)(1)    
Loss from continuing operations before equity method investments, income taxes:(138)(85)(40)(26)(36)(25)(20)
Other undisclosed income from continuing operations before income taxes211    
Loss from continuing operations before income taxes:(136)(83)(39)(26)(36)(25)(20)
Income tax expense (benefit)(1)1240(0)(0)(0)
Net loss available to common stockholders, diluted:(138)(71)(35)(26)(36)(25)(20)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(138)(71)(35)(26)(36)(25)(20)
Other comprehensive loss   (26)(36)(25)(20)
Comprehensive loss:(138)(71)(35)(52)(73)(50)(39)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)00    
Comprehensive loss, net of tax, attributable to parent:(138)(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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