What is Q2 Holdings's NOL adjustment?

Q2 Holdings (QTWO) reported NOL adjustment of 0% in Q4 2025.

What does NOL adjustment mean?

This metric represents the impact of net operating loss carryforwards on the company's effective tax rate reconciliation. It highlights the utilization of past tax losses to offset current taxable income, providing insight into the company's tax planning efficiency. Investors use this to understand how historical financial performance influences current tax liabilities.

Q2 Holdings QTWO NOL adjustment

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Other financials

Income statement

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Revenue$216.5M+14.1%

Gross profit$127.9M+26.7%

Operating income$27.7M+1,165%

Net income$26.6M+460%

EPS (diluted)$0.40+471%

Balance sheet

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Cash & equivalents$218.3M-34.3%

Total debt$343.9M+45.3%

Total equity$611.7M+12.1%

Total assets$1.2B-7.7%

Cash flow

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Operating cash flow$56.3M+29.4%

CapEx$6.6M+740%

Free cash flow$49.7M+16.3%

Valuation

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Market cap$2.82B-39.3%

Profitability

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Gross margin55.6%+3.8pp

Operating margin8%+6.1pp

Net margin9%+7.3pp

FCF margin24.5%+2.4pp

Returns & leverage

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Return on equity12.8%+10.3pp

Debt / equity0.6×+0.1×

Current ratio0.9×-0.5×

Where this comes from

Reported directly by Q2 Holdings in its filing.

Tagged under the XBRL concept qtwo:EffectiveIncomeTaxRateReconciliationNetOperatingLossAdjustmentsPercent.

The official record: Q2 Holdings’s 10-K, filed February 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Q2 Holdings's NOL adjustment?: Q2 Holdings (QTWO) reported NOL adjustment of 0% in Q4 2025.
What does NOL adjustment mean?: This metric represents the impact of net operating loss carryforwards on the company's effective tax rate reconciliation. It highlights the utilization of past tax losses to offset current taxable income, providing insight into the company's tax planning efficiency. Investors use this to understand how historical financial performance influences current tax liabilities.