Q2 Holdings, Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $219.8M | $216.5M | $208.2M | $201.7M | $195.1M | $189.7M | $183.0M | $175.0M |
| Cost of Revenue | $89.6M | $88.6M | $92.9M | $92.9M | $90.6M | $88.7M | $86.7M | $86.0M |
| Gross Profit | $130.2M | $127.9M | $115.3M | $108.8M | $104.6M | $101.0M | $96.3M | $89.1M |
| Gross Margin | 59.2% | 59.1% | 55.4% | 54.0% | 53.6% | 53.2% | 52.6% | 50.9% |
| Operating Expenses | ||||||||
| Research & Development | $41.1M | $41.9M | $40.6M | $38.9M | $36.9M | $37.9M | $35.7M | $36.9M |
| SG&A Expense | $33.1M | $32.2M | $30.5M | $31.7M | $31.0M | $32.3M | $30.0M | $31.5M |
| Operating Income | $29.3M | $27.7M | $16.9M | $11.0M | $9.8M | $2.2M | $-1.6M | $-12.8M |
| Operating Margin | 13.4% | 12.8% | 8.1% | 5.5% | 5.0% | 1.2% | -0.9% | -7.3% |
| Interest Expense | $427.0K | $636.0K | — | — | $708.0K | $718.0K | — | — |
| Pretax Income | $31.7M | $29.8M | $20.8M | $15.2M | $13.5M | $5.2M | $1.9M | $-9.5M |
| Income Tax Expense | $1.9M | $3.1M | $337.0K | $160.0K | $1.7M | $487.0K | $1.8M | $2.3M |
| Net Income | $29.9M | $26.6M | $20.4M | $15.0M | $11.8M | $4.8M | $164.0K | $-11.8M |
| Net Margin | 13.6% | 12.3% | 9.8% | 7.5% | 6.0% | 2.5% | 0.1% | -6.7% |
| EPS (Basic) | $0.48 | $0.43 | $0.33 | $0.24 | $0.19 | $0.08 | $0.01 | $-0.20 |
| EPS (Diluted) | $0.46 | $0.40 | $0.32 | $0.23 | $0.18 | $0.07 | $0.01 | $-0.20 |
| Shares Outstanding (Basic) | 62.5M | 62.3M | 62.2M | 62.5M | 62.4M | 61.2M | 60.1M | 60.3M |
| Shares Outstanding (Diluted) | 65.4M | 67.6M | 65.1M | 69.9M | 69.6M | 64.8M | 60.1M | 60.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |