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

QTWO NYSE Services-Prepackaged Software CIK: 0001410384
Recently Updated • Analysis: Apr 14, 2026 • SEC Data: 2025-12-31
BUY
78% Conf
Pending
Analysis scheduled

📊 QTWO Key Takeaways

Revenue: $794.8M
Net Margin: 6.5%
Free Cash Flow: $194.7M
Current Ratio: 1.02x
Debt/Equity: 0.00x
EPS: $0.80
AI Rating: BUY with 78% confidence
Q2 Holdings, Inc. (QTWO) receives a BUY rating with 78% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $794.8M, net profit margin of 6.5%, and return on equity (ROE) of 7.9%, 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 strong financial health with exceptional cash generation ($194.7M free cash flow, 24.5% FCF margin) and a debt-free balance sheet. Recent profitability surged 235% YoY despite measured 14.1% revenue growth, indicating improving operational leverage and cost efficiency.

Why Buy Q2 Holdings, Inc. Stock? QTWO Key Strengths

Claude
  • + Outstanding free cash flow generation ($194.7M, 24.5% FCF margin) with minimal capex requirements
  • + Exceptional net income growth (235% YoY) and EPS growth (225% YoY) demonstrating significant profitability improvement
  • + Zero debt with $367.6M cash position (28% of total assets) providing substantial financial flexibility
  • + Healthy gross margins (54.1%) indicate strong product value and pricing power typical of quality software
  • + Consistent revenue growth (14.1% YoY) in mature software market showing sustained demand

QTWO Stock Risks: Q2 Holdings, Inc. Investment Risks

Claude
  • ! Operating margin of 5.0% and net margin of 6.5% are exceptionally low for software/SaaS sector, suggesting disproportionately high operating expenses
  • ! Current ratio of 1.02x indicates tight near-term liquidity that could constrain flexibility if operating cash flow deteriorates
  • ! Low return metrics (ROE 7.9%, ROA 4.1%) suggest inefficient asset and capital deployment despite strong cash generation
  • ! Dramatic net income growth (235%) compared to modest revenue growth (14.1%) may reflect non-recurring items rather than sustainable operational improvements

Key Metrics to Watch

Claude
  • * Operating margin trend - critical to determine if 5.0% margin reflects temporary investments or structural inefficiency
  • * Operating expense ratio and cost structure - understand drivers of unusually high expenses relative to peer software companies
  • * Current ratio and working capital - monitor liquidity position given tight 1.02x ratio
  • * Recurring revenue/SaaS retention metrics - assess sustainability of 14.1% growth and customer churn

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

Revenue
$794.8M
Net Income
$52.0M
EPS (Diluted)
$0.80
Free Cash Flow
$194.7M
Total Assets
$1.3B
Cash Position
$367.6M

💡 AI Analyst Insight

The 24.5% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments.

QTWO Profit Margin, ROE & Profitability Analysis

Gross Margin 54.1%
Operating Margin 5.0%
Net Margin 6.5%
ROE 7.9%
ROA 4.1%
FCF Margin 24.5%

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

How Q2 Holdings, Inc. compares to Technology sector averages

Net Margin
QTWO 6.5%
vs
Sector Avg 18.0%
QTWO Sector
ROE
QTWO 7.9%
vs
Sector Avg 22.0%
QTWO Sector
Current Ratio
QTWO 1.0x
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
7.9%
Sector avg: 22%
Net Profit Margin
6.5%
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
1.02x
Quick Ratio
1.02x
Debt/Equity
0.00x
Debt/Assets
48.1%
Interest Coverage
14.17x
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
24.5%
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
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
Q2 2023 $140.3M -$23.6M $-0.41

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
$201.5M
Cash generated from operations
Stock Buybacks
$5.0M
Shares repurchased (TTM)
Capital Expenditures
$6.8M
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
Mar 13, 2026 4 xslF345X05/wk-form4_1773433230.xml View →
Mar 13, 2026 4 xslF345X05/wk-form4_1773433029.xml View →
Mar 13, 2026 4 xslF345X05/wk-form4_1773432956.xml View →
Mar 13, 2026 4 xslF345X05/wk-form4_1773432855.xml View →
Mar 13, 2026 4 xslF345X05/wk-form4_1773432782.xml View →

Frequently Asked Questions about QTWO

What is the AI rating for QTWO?

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

What are QTWO's key strengths?

Claude: Outstanding free cash flow generation ($194.7M, 24.5% FCF margin) with minimal capex requirements. Exceptional net income growth (235% YoY) and EPS growth (225% YoY) demonstrating significant profitability improvement.

What are the risks of investing in QTWO?

Claude: Operating margin of 5.0% and net margin of 6.5% are exceptionally low for software/SaaS sector, suggesting disproportionately high operating expenses. Current ratio of 1.02x indicates tight near-term liquidity that could constrain flexibility if operating cash flow deteriorates.

What is QTWO's revenue and growth?

Q2 Holdings, Inc. reported revenue of $794.8M.

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 $0.80.

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 rating reflects both perspectives for balanced insights.

Is QTWO a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Q2 Holdings, Inc. has a BUY rating 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 7.9% (sector avg: 22%), net margin of 6.5% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.

Should I buy QTWO stock in 2026?

Our dual AI analysis gives Q2 Holdings, Inc. a combined BUY rating 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 $201.5M, with capital expenditures of $6.8M. FCF margin is 24.5%.

How does QTWO compare to other Technology stocks?

Vs Technology sector averages: Net margin 6.5% (avg: 18%), ROE 7.9% (avg: 22%), current ratio 1.02 (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: Apr 14, 2026 | Data as of: 2025-12-31 | Powered by Claude AI