NYSE$QTWO

Q2 Holdings Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Q2 Holdings, Inc. announced its second quarter financial results, demonstrating year-over-year revenue growth and strategic customer wins.

Q2 Holdings, Inc. reported Q2 2022 financial results with revenue of $140.3 million, a 14% increase year-over-year. The company highlighted key wins across its business lines, including significant digital banking and lending deals. They are reiterating their full year guidance, while monitoring the uncertain economic backdrop.

  • Revenue for the second quarter was $140.3 million, up 14 percent year-over-year.
  • GAAP gross margin for the second quarter was 44.8 percent, consistent with the prior-year quarter.
  • GAAP net loss for the second quarter was $25.2 million, compared to $30.1 million for the prior-year quarter.
  • Adjusted EBITDA for the second quarter was $9.7 million, down from $9.9 million for the prior-year quarter.

Headline financials

Total Revenue

$140M

Previous: $124M+13.5%
EPS (adj)

$0.07

Previous: $0.09-22.2%
GAAP Gross Margin

44.8%

Previous: 44.8%+0.0%
Adjusted EBITDA

$9.66M

Previous: $9.9M-2.4%
Capital Expenditures

-$5.1M

Previous: -$14.4M+64.6%
Free Cash Flow

-$30.3M

Previous: -$44.5M+31.9%
Net Income

-$25.2M

Previous: -$30.1M+16.3%
Operating Income

-$23.8M

Previous: -$19.9M-19.3%
Gross Profit

$62.9M

Previous: $55.3M+13.6%
Cash & Equivalents

$211M

Previous: $318M-33.6%
Total Assets

$1.34B

Previous: $1.38B-2.9%
Stock-Based Comp

$18.6M

Previous: $13.9M+33.3%

Revenue & EPS history

Q2 · Revenue · Quarterly

$140M

Q2 2022+13.5%vs Q2 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

Q2 Holdings is providing guidance for its third quarter of 2022 and full-year 2022, which represents Q2 Holdings' current estimates on Q2 Holdings' operations and financial results.

Tailwinds

  • Total non-GAAP revenue of $145.8 million to $147.8 million for Q3 2022, which would represent year-over-year growth of 15 to 16 percent.
  • Adjusted EBITDA of $6.2 million to $8.2 million for Q3 2022, representing 4 to 6 percent of non-GAAP revenue for the quarter.
  • Total non-GAAP revenue of $577.5 million to $581.5 million for full year 2022, which would represent year-over-year growth of 15 percent to 16 percent.
  • Adjusted EBITDA of $41.4 million to $44.4 million for full year 2022, representing 7 to 8 percent of non-GAAP revenue for the year.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+3.7%

Avg return

Earnings day

+2.8%

Avg return

5 days after

+2.2%

Avg return

30 days after

65%

31 / 48 earnings

Positive

+18.5%

Q3 2024

Best reaction

-8.2%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.8%-0.3%-9.9%
Q4 2025-7.4%-7.1%-14.7%
Q3 2025+15.3%+20.1%+20.3%
Q1 2025+13.1%+15.5%+13.6%
Q4 2024+0.9%+1.8%-17.6%
Q3 2024+18.5%+18.4%+28.6%
Q2 2024+5.5%-1.9%+11.7%
Q1 2024+15.9%+19.7%+18.3%
Q4 2023+9.1%+10.6%+21.9%
Q3 2023+9.9%+11.9%+24.9%
Q2 2023-6.2%-4.5%-1.7%
Q1 2023+12.1%+9.6%+24.9%
Q4 2022-2.3%-5.6%-31.6%
Q3 2022-8.2%+7.7%-4.2%
Q2 2022+0.1%-2.3%-15.8%
Q1 2022-4.7%-12.3%-0.3%
Q4 2021+4.6%-1.3%-3.8%
Q3 2021+14.3%+13.2%-5.6%
Q2 2021-6.1%-11.2%-7.9%
Q1 2021-3.5%-6.2%-3.2%
Q4 2020-6.5%-7.7%-27.1%
Q3 2020+7.6%+10.8%+24.5%
Q2 2020+5.3%-4.5%-4.8%
Q1 2020+5.9%+2.1%+5.5%
Q4 2019+2.1%-4.6%-36.6%
Q3 2019-0.8%+7.1%+17.6%
Q2 2019+15.2%+15.5%+17.2%
Q1 2019-6.3%-2.0%-4.9%
Q4 2018+4.0%+3.9%+6.2%
Q3 2018+3.7%+1.6%-1.0%
Q2 2018-3.2%-1.9%+2.8%
Q1 2018+10.2%+9.2%+14.1%
Q4 2017+3.8%+5.8%+8.8%
Q3 2017-3.8%-1.3%-2.7%
Q2 2017-2.5%-2.7%+4.7%
Q1 2017-1.0%-1.3%+3.5%
Q4 2016+12.1%+13.2%+13.2%
Q3 2016-3.7%+5.5%+2.0%
Q2 2016-5.1%-14.2%-5.5%
Q1 2016+6.7%
Q4 2015+13.3%
Q3 2015+10.6%
Q2 2015+1.7%
Q1 2015+13.8%
Q4 2014+7.4%
Q3 2014-7.1%
Q2 2014+9.1%
Q1 2014+2.4%
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012

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