Q2 Holdings, Inc. (QTWO) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 216.51M | 208.22M | 201.7M | 195.15M | 189.74M | 183.04M | 175.02M | 172.89M | 165.51M | 162.12M | 154.97M | 154.53M | 153.01M | 146.54M | 144.75M | 140.31M | 134.07M | 131.89M | 126.74M | 123.57M |
| Revenue Growth % | 14.11% | 13.75% | 15.25% | 12.87% | 14.64% | 12.91% | 12.94% | 11.88% | 8.17% | 10.63% | 7.06% | 10.14% | 14.12% | 11.11% | 14.21% | 13.54% | 15.06% | 21.02% | 22.09% | 26.64% |
| Cost of Goods Sold | 88.59M | 92.94M | 92.86M | 90.58M | 88.75M | 86.7M | 85.96M | 86.06M | 83.26M | 80.72M | 80.83M | 80.7M | 79.71M | 80.34M | 77.89M | 77.42M | 73.67M | 72.41M | 69.73M | 68.23M |
| COGS % of Revenue | 40.92% | 44.63% | 46.04% | 46.42% | 46.77% | 47.37% | 49.12% | 49.78% | 50.3% | 49.79% | 52.16% | 52.22% | 52.1% | 54.82% | 53.81% | 55.18% | 54.95% | 54.9% | 55.02% | 55.22% |
| Gross Profit | 127.91M | 115.28M | 108.84M | 104.56M | 100.99M | 96.34M | 89.06M | 86.83M | 82.25M | 81.39M | 74.13M | 73.83M | 73.3M | 66.2M | 66.86M | 62.89M | 60.4M | 59.48M | 57.01M | 55.34M |
| Gross Margin % | 59.08% | 55.37% | 53.96% | 53.58% | 53.23% | 52.63% | 50.88% | 50.22% | 49.7% | 50.21% | 47.84% | 47.78% | 47.9% | 45.18% | 46.19% | 44.82% | 45.05% | 45.1% | 44.98% | 44.78% |
| Gross Profit Growth % | 26.66% | 19.66% | 22.22% | 20.43% | 22.78% | 18.37% | 20.13% | 17.61% | 12.22% | 22.95% | 10.88% | 17.4% | 21.35% | 11.29% | 17.27% | 13.64% | 13.53% | 33.64% | 22.77% | 24.7% |
| Operating Expenses | 99.79M | 96.98M | 97.84M | 94.72M | 98.8M | 95.51M | 101.86M | 100.53M | 96.44M | 99.41M | 97.31M | 97.5M | 94.5M | 98.69M | 93.95M | 86.67M | 81.8M | 77.05M | 79.98M | 75.28M |
| OpEx % of Revenue | 46.09% | 46.57% | 48.51% | 48.54% | 52.07% | 52.18% | 58.2% | 58.15% | 58.27% | 61.32% | 62.79% | 63.09% | 61.76% | 67.35% | 64.9% | 61.77% | 61.01% | 58.42% | 63.11% | 60.92% |
| Selling, General & Admin | 57.91M | 56.34M | 58.11M | 58.07M | 58.85M | 57.2M | 57.05M | 59.02M | 55.62M | 56.84M | 54.21M | 55.83M | 52.84M | 59.37M | 50.58M | 49.76M | 46.24M | 42.47M | 44.26M | 40.1M |
| SG&A % of Revenue | 26.75% | 27.06% | 28.81% | 29.76% | 31.02% | 31.25% | 32.6% | 34.13% | 33.61% | 35.06% | 34.98% | 36.13% | 34.53% | 40.52% | 34.94% | 35.47% | 34.49% | 32.2% | 34.92% | 32.45% |
| Research & Development | 41.88M | 40.63M | 38.93M | 36.91M | 37.85M | 35.72M | 36.9M | 35.76M | 34.86M | 34.27M | 34.54M | 34.1M | 34.42M | 34.04M | 33.1M | 31.83M | 31.13M | 29.96M | 30.76M | 29.43M |
| R&D % of Revenue | 19.34% | 19.51% | 19.3% | 18.92% | 19.95% | 19.52% | 21.08% | 20.68% | 21.06% | 21.14% | 22.29% | 22.06% | 22.5% | 23.23% | 22.87% | 22.69% | 23.22% | 22.72% | 24.27% | 23.82% |
| Other Operating Expenses | 0 | 0 | 803K | -261K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 28.13M | 18.31M | 11M | 9.84M | 2.19M | 831K | -12.8M | -13.7M | -14.19M | -18.02M | -23.17M | -23.67M | -21.2M | -32.49M | -27.09M | -23.78M | -21.4M | -17.57M | -22.97M | -19.94M |
| Operating Margin % | 12.99% | 8.79% | 5.46% | 5.04% | 1.15% | 0.45% | -7.31% | -7.93% | -8.57% | -11.11% | -14.95% | -15.32% | -13.85% | -22.17% | -18.72% | -16.95% | -15.96% | -13.32% | -18.13% | -16.14% |
| Operating Income Growth % | 1184.92% | 2103.13% | 185.97% | 171.81% | 115.43% | 104.61% | 44.76% | 42.11% | 33.09% | 44.54% | 14.47% | 0.48% | 0.93% | -84.93% | -17.93% | -19.26% | -22.19% | 14.21% | -15.75% | 38.27% |
| EBITDA | 47.62M | 24.86M | 19.11M | 23.39M | 15.91M | 16.82M | 4.85M | 3.94M | 3.34M | -74K | -4.89M | -5.73M | -3.66M | -16.07M | -11.8M | -8.76M | -6.48M | -3.31M | -8.89M | -6.36M |
| EBITDA Margin % | 21.99% | 11.94% | 9.48% | 11.99% | 8.38% | 9.19% | 2.77% | 2.28% | 2.02% | -0.05% | -3.15% | -3.71% | -2.39% | -10.96% | -8.15% | -6.24% | -4.83% | -2.51% | -7.01% | -5.14% |
| EBITDA Growth % | 199.31% | 47.8% | 294.02% | 493.48% | 376.6% | 22831.08% | 199.28% | 168.75% | 191.3% | 99.54% | 58.59% | 34.52% | 43.58% | -384.76% | -32.73% | -37.75% | -40.84% | 56.46% | -28.51% | 67.02% |
| D&A (Non-Cash Add-back) | 19.49M | 6.55M | 8.11M | 13.55M | 13.72M | 15.99M | 17.65M | 17.64M | 17.52M | 17.94M | 18.29M | 17.93M | 17.54M | 16.42M | 15.29M | 15.03M | 14.92M | 14.25M | 14.08M | 13.59M |
| EBIT | 28.13M | 18.31M | 16.49M | 14.84M | 6.78M | 3.11M | -8.18M | -9.85M | -11M | -14.63M | -20.84M | -21.56M | 946K | -30.02M | -25.67M | -23.22M | -20.48M | -16.62M | -22.84M | -21.24M |
| Net Interest Income | 2.06M | 3.92M | 4.2M | 3.66M | 3.05M | 3.51M | 3.26M | 2.73M | 1.9M | 2M | 1.01M | 526K | 832K | 811K | -231K | -1.1M | -796K | -7.08M | -8.02M | -8.49M |
| Interest Income | 3.27M | 5.16M | 5.49M | 5M | 4.59M | 4.68M | 4.62M | 3.85M | 3.19M | 3.39M | 2.33M | 2.11M | 2.28M | 2.46M | 1.42M | 564K | 915K | 949K | 136K | 212K |
| Interest Expense | 1.21M | 1.25M | 1.28M | 1.35M | 1.53M | 1.17M | 1.35M | 1.12M | 1.29M | 1.39M | 1.32M | 1.58M | 1.44M | 1.65M | 1.65M | 1.66M | 1.71M | 8.03M | 8.15M | 8.71M |
| Other Income/Expense | 1.63M | 2.47M | 4.2M | 3.66M | 3.05M | 1.1M | 3.26M | 2.73M | 1.9M | 2M | 1.01M | 526K | 20.7M | 811K | -231K | -1.1M | -796K | -7.08M | -8.02M | -10.01M |
| Pretax Income | 29.75M | 20.78M | 15.21M | 13.5M | 5.24M | 1.94M | -9.54M | -10.97M | -12.29M | -16.02M | -22.16M | -23.14M | -498K | -31.68M | -27.32M | -24.88M | -22.2M | -24.65M | -30.99M | -29.95M |
| Pretax Margin % | 13.74% | 9.98% | 7.54% | 6.92% | 2.76% | 1.06% | -5.45% | -6.35% | -7.42% | -9.88% | -14.3% | -14.98% | -0.33% | -21.62% | -18.88% | -17.73% | -16.55% | -18.69% | -24.45% | -24.24% |
| Income Tax | 3.11M | 337K | 160K | 1.73M | 487K | 1.77M | 2.26M | 2.09M | 1.55M | 2.06M | 1.01M | 479K | 18K | 735K | 469K | 340K | 1.36M | 734K | 596K | 178K |
| Effective Tax Rate % | 10.47% | 1.62% | 1.05% | 12.84% | 9.29% | 91.53% | -23.7% | -19.04% | -12.65% | -12.85% | -4.54% | -2.07% | -3.61% | -2.32% | -1.72% | -1.37% | -6.15% | -2.98% | -1.92% | -0.59% |
| Net Income | 26.64M | 20.44M | 15.05M | 11.76M | 4.75M | 164K | -11.8M | -13.06M | -13.84M | -18.08M | -23.17M | -23.62M | -516K | -32.41M | -27.79M | -25.22M | -23.56M | -25.38M | -31.58M | -30.13M |
| Net Margin % | 12.3% | 9.82% | 7.46% | 6.03% | 2.51% | 0.09% | -6.74% | -7.55% | -8.36% | -11.15% | -14.95% | -15.29% | -0.34% | -22.12% | -19.2% | -17.98% | -17.57% | -19.24% | -24.92% | -24.38% |
| Net Income Growth % | 460.47% | 12365.24% | 227.56% | 190.08% | 134.34% | 100.91% | 49.08% | 44.71% | -2582.75% | 44.22% | 16.64% | 6.34% | 97.81% | -27.7% | 12.01% | 16.28% | 8.17% | 32.89% | -18.2% | 22.69% |
| Net Income (Continuing) | 26.64M | 20.44M | 15.05M | 11.76M | 4.75M | 164K | -11.8M | -13.06M | -13.84M | -18.08M | -23.17M | -23.62M | -516K | -32.41M | -27.79M | -25.22M | -23.56M | -25.38M | -31.58M | -30.13M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.40 | 0.31 | 0.23 | 0.18 | 0.07 | 0.00 | -0.20 | -0.22 | -0.23 | -0.31 | -0.40 | -0.41 | -0.01 | -0.56 | -0.48 | -0.44 | -0.41 | -0.45 | -0.56 | -0.53 |
| EPS Growth % | 471.43% | - | 215% | 181.82% | 130.43% | 100.81% | 50% | 46.34% | - | 44.64% | 16.67% | 6.82% | 97.83% | -24.44% | 14.29% | 16.98% | 10.87% | 34.78% | -12% | 30.26% |
| EPS (Basic) | 0.43 | 0.33 | 0.24 | 0.19 | 0.08 | 0.00 | -0.20 | -0.22 | -0.23 | -0.31 | -0.40 | -0.41 | -0.01 | -0.56 | -0.48 | -0.44 | -0.41 | -0.45 | -0.56 | -0.53 |
| Diluted Shares Outstanding | 67.65M | 68.39M | 69.86M | 69.64M | 64.82M | 64.65M | 60.31M | 60.16M | 59.45M | 58.74M | 58.49M | 58.29M | 57.88M | 57.58M | 57.36M | 57.23M | 57.02M | 56.85M | 56.56M | 56.36M |
| Basic Shares Outstanding | 62.34M | 62.52M | 62.46M | 62.35M | 61.22M | 60.5M | 60.31M | 60.16M | 59.45M | 58.74M | 58.49M | 58.29M | 57.88M | 57.58M | 57.36M | 57.23M | 57.02M | 56.85M | 56.56M | 56.36M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |