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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$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$2.71B-39.3%
Enterprise value$2.83B-35.4%
P/E36.7×
P/S3.3×-2.9×

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 us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

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 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.