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Q2 Holdings QTWO Non-U.S. — Income (loss) before income taxes

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Other financials

Income statement

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Revenue$219.8M+12.6%
Gross profit$130.2M+24.5%
Operating income$29.3M+198%
Net income$29.9M+154%
EPS (diluted)$0.46+156%

Balance sheet

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Cash & equivalents$99.9M-73.5%
Total debt$40.9M-92.4%
Total equity$643.5M+10.1%
Total assets$968.4M-30.1%

Cash flow

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Operating cash flow$60.7M+24.7%
CapEx$1.7M+30.1%
Free cash flow$59.0M+24.5%

Valuation

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Market cap$3.95B-16.3%
Enterprise value$3.89B-20.3%
P/E43×-957×
P/S4.7×-1.7×

Profitability

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Gross margin57%+4.4pp
Operating margin10%+9.7pp
Net margin10.9%+10.2pp
FCF margin25.2%+2.0pp

Returns & leverage

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Return on equity15%+14.1pp
Debt / equity0.1×-0.9×
Current ratio0.9×0.0×

Where this comes from

Reported directly by Q2 Holdings in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

The source filing: Q2 Holdings’s 10-K, filed February 11, 2026.

Filed
Feb 10, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0001410384-26-000006
Line itemDecember 31, 2025December 31, 2024
U.S.$46,260$(38,615)
Non-U.S.8,4667,755
Income (loss) before income taxes$54,725$(30,860)

Item 16. Form 10-K Summary.

FAQ

What is Q2 Holdings's non-u.s. — income (loss) before income taxes?
Q2 Holdings (QTWO) reported non-u.s. — income (loss) before income taxes of $2.12M in Q4 2025.
How has Q2 Holdings's non-u.s. — income (loss) before income taxes changed year-over-year?
Q2 Holdings's non-u.s. — income (loss) before income taxes increased by 9.2% year-over-year, from $1.94M to $2.12M.
What is the long-term trend for Q2 Holdings's non-u.s. — income (loss) before income taxes?
Over 4 years (2021 to 2025), Q2 Holdings's non-u.s. — income (loss) before income taxes has grown at a 29.4% compound annual growth rate (CAGR), from $3.02M to $8.47M.
What does non-u.s. — income (loss) before income taxes mean?
This metric represents the pre-tax profitability or loss generated by the company's operations located outside of its primary domestic market. It reflects the financial performance of international business activities after accounting for all operating expenses, excluding income tax provisions. Monitoring this figure helps investors assess the scalability and operational efficiency of the company's global expansion efforts.

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