NYSE$QTWO
Q2 Holdings Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Announced fourth quarter and full-year 2023 financial results.
Q2 Holdings reported Q4 revenue of $162.1 million, up 11% year-over-year, and adjusted EBITDA of $23.2 million. The company closed out 2023 with its best bookings performance in company history.
- Signed four Tier 1 digital banking contracts.
- Signed a new Top 4 U.S. bank to a relationship pricing solution contract.
- Subscription Annualized Recurring Revenue increased to $593.9 million, up 19 percent year-over-year.
- Remaining Performance Obligation total, or Backlog, increased by $269.2 million sequentially, resulting in total committed Backlog of approximately $1.8 billion at quarter-end.
Headline financials
Revenue & EPS history
Q2 · Revenue · Quarterly
$162M
Forward guidance
Q2 Holdings is providing guidance for its first quarter of 2024 and full-year 2024.
Tailwinds
- Total non-GAAP revenue of $161.7 million to $164.7 million, which would represent year-over-year growth of 6 to 8 percent.
- Adjusted EBITDA of $22.0 million to $24.0 million, representing 13 to 15 percent of non-GAAP revenue for the quarter.
- Total non-GAAP revenue of $683.0 million to $689.0 million, which would represent year-over-year growth of 9 to 10 percent.
- Adjusted EBITDA of $107.0 million to $111.0 million, representing approximately 16 percent of non-GAAP revenue for the year.
- Average annual subscription revenue growth of approximately 14 percent (2024 through 2026).
Headwinds
- GAAP net loss is the most comparable GAAP measure to adjusted EBITDA.
- Q2 Holdings is unable to predict with reasonable certainty the ultimate outcome of these exclusions without unreasonable effort.
- Q2 Holdings has not provided guidance for GAAP net loss or a reconciliation of the forward-looking adjusted EBITDA guidance to GAAP net loss.
- These excluded items could be material to our results computed in accordance with GAAP in future periods.
- Forward-looking statements are based on current expectations and are subject to risks and uncertainties.
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 Q4 2023
+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
| Quarter | Report date | Reaction (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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