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Q2 Holdings QTWO Q4 2025 Annual earnings

Reported February 11, 2026 · After market close

Revenue$208.2MBeat by $3.5M
EPS$0.61Beat by $0.02
Revenue estimate$204.7M
EPS estimate$0.59

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$221.4M
EPS estimate$0.71

Financials

Q4 2025

Income statement

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Revenue$208.2M+13.8%
Gross profit$115.3M+19.7%
Operating income$16.9M+1,171%
Net income$20.4M—
EPS (diluted)$0.31—

Balance sheet

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Cash & equivalents$273.5M-7.1%
Total debt$346.1M+44.8%
Total equity$661.8M+27.8%
Total assets$1.3B-1.4%

Cash flow

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Operating cash flow$63.7M+48.0%
CapEx$2.0M+38.8%
Free cash flow$61.7M+48.3%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$4.51B-25.8%
Enterprise value$4.58B-23.9%
P/E86.8×—
P/S5.7×-3.1×

Profitability

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Gross margin54.1%+3.2pp
Operating margin5%+3.2pp
Net margin6.5%+4.5pp
FCF margin24.5%+6.0pp

Returns & leverage

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Return on equity8.8%+6.0pp
Debt / equity0.5×+0.1×
Current ratio1×-0.4×

Segments

By product

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Subscription$170.7M+16.4%
Transactional$17.4M-0.9%

FAQ

When did Q2 Holdings report Q4 2025 earnings?
Q2 Holdings (QTWO) reported Q4 2025 earnings on February 11, 2026 after market close.
What were Q2 Holdings's Q4 2025 revenue and EPS?
Q2 Holdings reported revenue of $208.2M and eps of $0.61 for Q4 2025.
Did Q2 Holdings beat estimates in Q4 2025?
Revenue beat the consensus estimate of $204.7M by $3.5M. EPS beat the consensus estimate of $0.59 by $0.02.
How did Q2 Holdings's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 13.8% from $183.0M a year earlier and eps grew 27.1% from $0.48.
Where can I find Q2 Holdings's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001410384-26-000005) and the 10-K periodic report (0001410384-26-000006) directly on SEC EDGAR. The filing index links above go to sec.gov.