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Q2 Holdings QTWO 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$2.82B-48.9%
Enterprise value$2.94B-45.7%
P/E38.2×
P/S3.4×-4.2×

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 U.S. — income (loss) before income taxes?
Q2 Holdings (QTWO) reported U.S. — income (loss) before income taxes of $11.57M in Q4 2025.
How has Q2 Holdings's U.S. — income (loss) before income taxes changed year-over-year?
Q2 Holdings's U.S. — income (loss) before income taxes increased by 219.8% year-over-year, from -$9.65M to $11.57M.
What is the long-term trend for Q2 Holdings's U.S. — income (loss) before income taxes?
Over 4 years (2021 to 2025), Q2 Holdings's U.S. — income (loss) before income taxes has grown at a -20.2% compound annual growth rate (CAGR), from -$114.13M to $46.26M.
What does U.S. — income (loss) before income taxes mean?
This metric represents the pre-tax profitability or loss generated specifically by the company's operations within the United States geographic segment. It reflects the segment's ability to cover its direct operating expenses and allocated costs through its subscription-based virtual banking services. Monitoring this figure helps investors assess the operational maturity and scalability of the core domestic market before accounting for corporate tax obligations.