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Q2 Holdings, Inc. (QTWO) Fundamental Analysis & AI Grade 2026

QTWO NYSE Services-Prepackaged Software CIK: 0001410384
Updated This Month • Analysis: May 6, 2026 • SEC Data: 2026-03-31
Combined AI Grade
A
78% Confidence
N/A
A
78% Conf
Pending
Analysis scheduled

📊 QTWO Key Takeaways

Revenue: $216.5M
Net Margin: 12.3%
Free Cash Flow: $49.7M
Current Ratio: 0.93x
Debt/Equity: 0.00x
EPS: $0.40
AI Grade: A with 78% confidence
Q2 Holdings, Inc. (QTWO) receives a A fundamental grade with 78% confidence from our AI analysis based on SEC 10-K filings. With revenue of $216.5M, net profit margin of 12.3%, and return on equity (ROE) of 4.4%, Q2 Holdings, Inc. demonstrates strong fundamentals in the Technology sector. Below is our complete QTWO stock analysis for 2026.

Is Q2 Holdings, Inc. (QTWO) a Good Investment?

Claude

Q2 Holdings demonstrates solid revenue growth (14.1% YoY) with exceptional free cash flow generation (23% FCF margin) and a fortress balance sheet featuring zero debt and $342.3M in cash. However, low returns on equity (4.4%) and assets (2.1%) suggest capital efficiency challenges that require monitoring.

Q2 Holdings, Inc. Key Strengths (QTWO)

Claude
  • + Strong revenue growth of 14.1% YoY in software/SaaS category
  • + Fortress balance sheet with zero long-term debt and $342.3M cash providing significant financial flexibility
  • + Exceptional free cash flow generation at $49.7M (23% FCF margin) demonstrating cash conversion quality
  • + Impressive EPS growth of 225% YoY indicating strong profitability acceleration
  • + Healthy gross margins at 59.1% typical of quality software businesses

QTWO Stock Risks: Q2 Holdings, Inc. Investment Risks

Claude
  • ! Current ratio of 0.93x indicates potential short-term liquidity pressure despite strong operating cash flow
  • ! Low ROE of 4.4% and ROA of 2.1% suggest inefficient capital deployment or excess cash holdings
  • ! Operating margin of 12.8% is modest for software industry standards and shows limited operational leverage
  • ! Significant insider activity (22 Form 4 filings in 90 days) without disclosed buy/sell directionality
  • ! Net income growth YoY not disclosed - profitability trend trajectory unclear

Key Metrics to Watch

Claude
  • * Operating margin expansion trajectory - target 15%+ to align with SaaS industry benchmarks
  • * Free cash flow sustainability and deployment strategy - maintain $45M+ annual generation
  • * Return on equity improvement - current 4.4% requires upward movement to justify capital base

Q2 Holdings, Inc. (QTWO) Financial Metrics & Key Ratios

Revenue
$216.5M
Net Income
$26.6M
EPS (Diluted)
$0.40
Free Cash Flow
$49.7M
Total Assets
$1.2B
Cash Position
$342.3M

💡 AI Analyst Insight

The 23.0% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.

QTWO Profit Margin, ROE & Profitability Analysis

Gross Margin 59.1%
Operating Margin 12.8%
Net Margin 12.3%
ROE 4.4%
ROA 2.1%
FCF Margin 23.0%

QTWO vs Technology Sector: How Q2 Holdings, Inc. Compares

How Q2 Holdings, Inc. compares to Technology sector averages

Net Margin
QTWO 12.3%
vs
Sector Avg 18.0%
QTWO Sector
ROE
QTWO 4.4%
vs
Sector Avg 22.0%
QTWO Sector
Current Ratio
QTWO 0.9x
vs
Sector Avg 2.5x
QTWO Sector
Debt/Equity
QTWO 0.0x
vs
Sector Avg 0.5x
QTWO Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Q2 Holdings, Inc. Stock Overvalued? QTWO Valuation Analysis 2026

Based on fundamental analysis, Q2 Holdings, Inc. has mixed fundamental signals relative to the Technology sector in 2026.

Return on Equity
4.4%
Sector avg: 22%
Net Profit Margin
12.3%
Sector avg: 18%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.5x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Q2 Holdings, Inc. Balance Sheet: QTWO Debt, Cash & Liquidity

Current Ratio
0.93x
Quick Ratio
0.93x
Debt/Equity
0.00x
Debt/Assets
50.9%
Interest Coverage
43.54x
Long-term Debt
$0.0

QTWO Revenue & Earnings Growth: 5-Year Financial Trend

QTWO 5-year financial data: Year 2021: Revenue $498.7M, Net Income -$70.9M, EPS $-1.53. Year 2022: Revenue $565.7M, Net Income -$137.6M, EPS $-2.65. Year 2023: Revenue $624.6M, Net Income -$112.7M, EPS $-2.00. Year 2024: Revenue $696.5M, Net Income -$109.0M, EPS $-1.90. Year 2025: Revenue $794.8M, Net Income -$65.4M, EPS $-1.12.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Q2 Holdings, Inc.'s revenue has grown significantly by 59% over the 5-year period, indicating strong business expansion. The most recent EPS of $-1.12 indicates the company is currently unprofitable.

QTWO Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
23.0%
Free cash flow / Revenue

QTWO Quarterly Earnings & Performance

Quarterly financial performance data for Q2 Holdings, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $189.7M $4.8M $0.07
Q3 2025 $175.0M -$11.8M $-0.20
Q2 2025 $172.9M $11.8M $0.18
Q1 2025 $165.5M $4.8M $0.07
Q3 2024 $155.0M -$11.8M $-0.20
Q2 2024 $154.5M -$13.1M $-0.22
Q1 2024 $153.0M -$516.0K $-0.01
Q3 2023 $144.8M -$23.2M $-0.40

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Q2 Holdings, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$56.3M
Cash generated from operations
Stock Buybacks
$97.2M
Shares repurchased (TTM)
Capital Expenditures
$6.6M
Investment in assets
Dividends
None
No dividend program

QTWO SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Q2 Holdings, Inc. (CIK: 0001410384)

📋 Recent SEC Filings

Date Form Document Action
May 14, 2026 4 xslF345X06/wk-form4_1778799191.xml View →
Apr 29, 2026 10-Q qtwo-20260331.htm View →
Apr 29, 2026 8-K qtwo-20260429.htm View →
Apr 29, 2026 DEF 14A qtwo-20260428.htm View →
Mar 13, 2026 4 xslF345X05/wk-form4_1773433230.xml View →

Frequently Asked Questions about QTWO

What is the AI rating for QTWO?

Q2 Holdings, Inc. (QTWO) has an AI grade of A with 78% confidence, based on fundamental analysis of SEC EDGAR filings.

What are QTWO's key strengths?

Claude: Strong revenue growth of 14.1% YoY in software/SaaS category. Fortress balance sheet with zero long-term debt and $342.3M cash providing significant financial flexibility.

What are the risks of investing in QTWO?

Claude: Current ratio of 0.93x indicates potential short-term liquidity pressure despite strong operating cash flow. Low ROE of 4.4% and ROA of 2.1% suggest inefficient capital deployment or excess cash holdings.

What is QTWO's revenue and growth?

Q2 Holdings, Inc. reported revenue of $216.5M.

Does QTWO pay dividends?

Q2 Holdings, Inc. does not currently pay dividends.

Where can I find QTWO SEC filings?

Official SEC filings for Q2 Holdings, Inc. (CIK: 0001410384) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is QTWO's EPS?

Q2 Holdings, Inc. has a diluted EPS of $0.40.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is QTWO's fundamental grade?

Based on our AI fundamental analysis in May 2026, Q2 Holdings, Inc. has a A grade with 78% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.

Is QTWO stock overvalued or undervalued?

Valuation metrics for QTWO: ROE of 4.4% (sector avg: 22%), net margin of 12.3% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.

What is QTWO's AI grade for 2026?

Our dual AI analysis gives Q2 Holdings, Inc. a combined A grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is QTWO's free cash flow?

Q2 Holdings, Inc.'s operating cash flow is $56.3M, with capital expenditures of $6.6M. FCF margin is 23.0%.

How does QTWO compare to other Technology stocks?

Vs Technology sector averages: Net margin 12.3% (avg: 18%), ROE 4.4% (avg: 22%), current ratio 0.93 (avg: 2.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 6, 2026 | Data as of: 2026-03-31 | Powered by Claude AI