Q2 Holdings (QTWO) Financials

$70.46

$3.38 (5.04%)

As on 02-Nov-2026 15:41EST

Market cap

$4,071 Mln

Revenue (TTM)

$870 Mln

P/E Ratio

48

P/B Ratio

6.6

Div. Yield

0 %

Annual
Quarterly

Income Statement ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Operating Revenue	870.26	794.81	696.46	624.62	565.67	498.72
Cost of Revenue	362.02	365.22	341.98	321.97	309.33	273.69
Gross Profit	508.24	429.59	354.48	302.65	256.35	225.04
Operating Expenses	398.51	383.95	396.74	388.71	361.11	303.03
Operating Profit (EBIT)	109.73	45.64	-42.26	-86.06	-104.76	-78.00
Other Income	--	--	--	--	5.36	-0.04
Profit before Tax	116.58	54.73	-30.86	-61.82	-106.08	-111.10
Provision for Tax	6.42	2.72	7.68	3.56	2.91	1.64
Profit after Tax (Net Income)	110.16	52.01	-38.54	-65.38	-108.98	-112.75
Minority Interest	--	--	--	--	--	--
Consolidated Profit	--	--	--	--	-108.98	-112.75

Liabilities ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Shareholder's Funds	657.79	661.81	517.80	448.48	419.02	570.30
Minority Interest	--	--	--	--	--	--
Non-Current Liabilities	67.29	70.38	378.10	561.38	738.66	646.39
Current Liabilities	278.98	544.09	398.90	191.56	192.04	168.36
Total Liabilities	1,283.03	1,276.28	1,294.80	1,201.43	1,349.73	1,385.05

Assets ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Non-Current Assets	721.36	720.23	736.14	773.46	818.65	862.60
Current Assets	282.69	556.05	558.66	427.96	531.08	522.45
Total Assets	1,283.03	1,276.28	1,294.80	1,201.43	1,349.73	1,385.05
Total Debt*	38.89	346.82	542.99	548.92	733.34	621.97
Net Current Assets	3.72	11.97	159.76	236.40	339.03	354.09

Cashflow ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Cash From Operating Activities	--	201.46	135.75	70.29	36.56	31.09
Cash Flow from Investing Activities	--	-4.03	-21.08	113.27	-165.56	-65.13
Cash from Financing Activities	--	-188.97	13.32	-152.01	5.88	-51.16
Net Cash Inflow / Outflow	--	--	--	--	-123.12	-85.36

Financials Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Adjusted EPS ($)	1.66	0.76	-0.60	-1.11	-1.89	-1.98
Cash EPS ($)	--	1.54	0.47	0.11	-0.82	-1.02
Adjusted Book Value ($)	--	9.68	8.01	7.63	7.28	10.03
Dividend per Share ($)	--	--	--	--	--	--
Cash Flow per Share ($)	--	2.95	2.10	1.20	0.63	0.55
Free Cash Flow per Share ($)	--	2.85	2.00	0.67	0.11	0.10

Profitability Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
ROCE (%)	--	5.03	-3.74	-6.08	-9.30	-9.25
ROE (%)	17.36	8.82	-7.98	-15.07	-22.03	-18.58
ROA (%)	6.40	4.05	-3.09	-5.13	-7.97	-8.05
EBIT Margin (%)	13.47	7.57	-3.72	-8.98	-17.57	-15.65
Net Margin (%)	12.66	6.54	-5.53	-10.47	-19.09	-22.61
Cash Profit Margin (%)	--	--	--	--	--	--

Growth Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Revenue Growth (%)	13.08	0.14	0.12	0.10	0.13	0.24
EBIT Growth (%)	184.34	331.99	53.79	43.57	-27.38	27.45
Net Profit Growth (%)	247.19	234.96	41.06	40.01	3.34	18.07
EPS Growth (%)	261.47	2.28	0.46	0.41	0.05	0.21
Book Value Growth (%)	16.12	--	--	--	--	--

Valuation Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Price / Earnings	48.00	94.90	-168.87	-39.00	-14.20	-40.05
Price / Book Value	6.58	7.46	12.57	5.69	3.69	7.92
Dividend Yield (%)	--	--	--	--	--	--
EV/EBITDA	27.40	42.70	153.98	177.68	-48.95	-203.03
Close Price ($)	55.44	72.16	100.65	43.41	26.87	79.44
High Price ($)	76.24	103.71	112.24	44.77	81.56	148.56
Low Price ($)	40.79	58.57	39.66	18.91	20.93	69.91
Market Cap ($ Cr)	4,070.51	--	--	--	--	--

Solvency Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Debt to Equity	--	0.52	1.05	1.22	1.75	1.09
Short term debt to equity ratio	0.01	0.47	0.39	0.03	0.05	0.02
Current Ratio	1.01	1.02	1.40	2.23	2.77	3.10
Quick Ratio	1.01	--	--	2.02	2.60	2.89
Interest Coverage	29.98	11.12	-5.25	-9.79	-14.89	-2.36

Operating Efficiency Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Debtors to sales (%)	10.81	9.36	7.18	8.34	9.84	9.79
Asset Turnover	0.51	0.62	0.56	0.49	0.41	0.36
Receivable days	--	28.58	26.76	31.50	33.73	31.62
Inventory Days	--	--	42.98	40.55	39.33	44.14
Payable days	--	14.91	15.33	16.68	12.19	12.33
Cash Conversion Cycle	--	--	54.41	55.37	60.86	63.42

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.