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 investments42853913217710097111
Cash and cash equivalents323408100108585567
Short-term investments1051313269424244
Restricted cash and investments    2  
Receivables52392723151312
Contract with customer, asset2111
Capitalized contract cost8753
Other undisclosed current assets33312114141510
Total current assets:522616186218131126133
Noncurrent Assets
Operating lease, right-of-use asset523535
Property, plant and equipment67503935352724
Intangible assets, net (including goodwill)675647686171252830
Goodwill513462462108131313
Intangible assets, net (excluding goodwill)16218522463121517
Contract with customer, asset, net22191510
Capitalized contract cost, net19221710
Deferred costs    867
Other noncurrent assets2222111
Other undisclosed noncurrent assets2526281714139
Total noncurrent assets:863800823245827571
TOTAL ASSETS:1,3851,4171,009464213201204
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities29302718181315
Accounts payable118119843
Accrued liabilities182216911911
Deferred revenue998258
Debt  9   0
Deferred compensation liability3227391312168
Deferred revenue and credits383023
Contract with customer, liability43
Other undisclosed current liabilities97     
Total current liabilities:16814613374685946
Noncurrent Liabilities
Long-term debt and lease obligation613594461183   
Long-term debt, excluding current maturities552557425183   
Operating lease, liability613736
Liabilities, other than long-term debt33333648384241
Deferred revenue and credits384137
Deferred revenue292933
Contract with customer, liability23
Deferred rent credit   8
Other liabilities44317004
Total noncurrent liabilities:646628497231384241
Total liabilities:81577363030510610186
Stockholders' equity
Stockholders' equity attributable to parent, including:570643379159107100118
Treasury stock, value    (1)(0)(0)
Additional paid in capital1,0641,025623331260226208
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 parent0000000
Total stockholders' equity:570643379159107100118
TOTAL LIABILITIES AND EQUITY:1,3851,4171,009464213201204

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
Revenues499403315241194150109
Cost of revenue(274)(228)(162)(122)(99)(77)(59)
Gross profit:225175153119947350
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 taxes2211   
Loss from continuing operations before income taxes:(111)(136)(83)(39)(26)(36)(25)
Income tax expense (benefit)(2)(1)1240(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)00   
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.

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