\nQ2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for financial services, today announced results for its first quarter ending March 31, 2025.\n<\/p>\n
GAAP Results for the First Quarter 2025<\/b><\/p>\n Non-GAAP Results for the First Quarter 2025<\/b><\/p>\n \nFor a reconciliation of our GAAP to non-GAAP results, please see the tables below.\n<\/p>\n \n\u201cWe delivered strong results to start the year with solid performance across the business,\u201d said Q2 Chairman and CEO Matt Flake. \u201cOur first quarter bookings performance was marked by significant renewals and expansion activity, demonstrating the enduring value of our solutions to our customers. We believe the criticality of our technology, the breadth of our customer base, and our resilient business model\u2014combined with a robust pipeline and strong renewal opportunity ahead \u2014 position us well to navigate and execute in the current market environment.”\n<\/p>\n First Quarter Highlights<\/b><\/p>\n Q2’s Broad Portfolio Propels Bookings Success and Customer Renewals<\/b><\/p>\n \nQ2 delivered broad-based bookings activity in the quarter across all lines of business, highlighted by five Enterprise and Tier 1 deals across digital banking, relationship pricing, risk & fraud and Helix solutions. The first quarter demonstrated continued strength in renewal bookings, sustaining momentum from 2024. Notably, Q2 secured renewals with three of our top 10 largest customers across digital banking, Helix and relationship pricing. Renewal opportunities available for 2025 and 2026 are anticipated to be comparable to the levels seen over the past two years.\n<\/p>\n \nQ2’s solutions address critical industry concerns, including deposit gathering and mitigating growing risk and fraud threats, while serving regional and community financial institutions with comprehensive offerings that enhance these institutions’ competitive positions, community service capabilities, and risk management across various market conditions. We believe this focus on addressing fundamental, persistent challenges in the financial services sector positions Q2 to maintain continued demand for its solutions amidst uncertain macroeconomic conditions.\n<\/p>\n \nQ2’s financial model and performance remain strong, with the company’s scale and progress on profitability providing considerable visibility and durability. The company’s critical role in helping financial institutions grow deposits, coupled with its broad and strategic customer base, underpins Q2’s financial outlook for the year.\n<\/p>\n \n\u201cWe are pleased with our financial performance in the first quarter, delivering revenue and adjusted EBITDA results exceeding the high-end of our guidance,” said Q2 CFO Jonathan Price. “Our strong financial foundation and track record of execution give us confidence in our ability to capitalize on market opportunities and continue delivering long-term value for our shareholders as we execute our profitable growth strategy throughout 2025 and beyond.”\n<\/p>\n Financial Outlook<\/b><\/p>\n \nAs of May 7, 2025, Q2 Holdings is providing guidance for its second quarter of 2025 and updated guidance for its full year 2025, which represents Q2 Holdings\u2019 current estimates on Q2 Holdings\u2019 operations and financial results. The financial information below includes adjusted EBITDA, which represents forward-looking, non-GAAP financial information. GAAP net income (loss) is the most comparable GAAP measure to adjusted EBITDA. Adjusted EBITDA differs from GAAP net income (loss) in that it excludes items such as depreciation and amortization, stock-based compensation, transaction-related costs, interest and other (income) expense, income taxes, lease and other restructuring charges, and non-recurring legal settlements not in our ordinary course of business. Q2 Holdings is unable to predict with reasonable certainty the ultimate outcome of these exclusions without unreasonable effort. Therefore, Q2 Holdings has not provided guidance for GAAP net income (loss) or a reconciliation of the forward-looking adjusted EBITDA guidance to GAAP net income (loss). However, it is important to note that these excluded items could be material to Q2’s results computed in accordance with GAAP in future periods.\n<\/p>\n \nQ2 Holdings is providing guidance for the second quarter of 2025 as follows:\n<\/p>\n \nQ2 Holdings is providing updated guidance for the full-year 2025 as follows:\n<\/p>\n Conference Call Details<\/span><\/b><\/p>\n\n
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