QTWO: the balance sheet

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Balance Sheets Overview

Current Ratio
93.26%
Quick Ratio
93.26%
Cash Ratio
60.86%
Debt to Asset Ratio
50.92%
Unit: Thousand (K) dollars
Assets Breakdown
Goodwill
Cash and cash equivalents
Intangible assets, net
Others
Liabilities Breakdown
Additional paid-in capital
Accumulated deficit
Convertible notes, current porti...
Others

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	342,332	367,631	472,393	414,275
Restricted cash	2,057	1,672	2,139	1,742
Investments	36,559	65,064	96,341	117,797
Accounts receivable, net	74,196	51,716	69,877	60,323
Contract assets, current portion, net	7,356	8,596	6,236	8,033
Prepaid expenses and other current assets	21,963	28,234	20,407	20,321
Deferred solution and other costs, current portion	29,535	22,631	29,514	27,025
Deferred implementation costs, current portion	10,575	10,508	10,359	10,230
Total current assets	524,573	556,052	707,266	659,746
Property and equipment, net	27,933	27,783	24,572	27,070
Right of use assets	25,768	27,188	28,687	29,535
Deferred solution and other costs, net of current portion	29,961	27,827	26,818	27,492
Deferred implementation costs, net of current portion	31,235	28,929	29,319	28,342
Intangible assets, net	75,781	78,377	82,317	86,769
Goodwill	512,869	512,869	512,869	512,869
Contract assets, net of current portion and allowance	15,138	14,103	12,361	11,296
Other long-term assets	3,089	3,149	2,492	2,294
Total assets	1,246,347	1,276,277	1,426,701	1,385,413

Accounts payable	10,278	20,473	8,132	6,136
Accrued liabilities	25,604	24,572	26,793	20,061
Accrued compensation	17,534	31,754	23,415	23,846
Convertible notes, current portion	303,682	303,368	493,933	493,438
Deferred revenues, current portion	196,762	155,003	170,289	179,438
Lease liabilities, current portion	8,628	8,915	9,088	9,362
Total current liabilities	562,488	544,085	731,650	732,281
Convertible notes, net of current portion	NaN	0	0	0
Deferred revenues, net of current portion	30,557	26,826	28,645	25,285
Lease liabilities, net of current portion	31,592	33,832	36,063	36,524
Other long-term liabilities	10,034	9,723	7,458	6,988
Total liabilities	634,671	614,466	803,816	801,078
Common stock 0.0001 par value 150,000 shares authorized, 62,665 issued and outstanding as of march 31, 2026 and 62,741 shares issued and outstanding as of december31, 2025	6	6	6	6
Additional paid-in capital	1,199,888	1,275,980	1,257,400	1,233,480
Accumulated other comprehensive loss	-2,635	-1,953	-1,856	-1,438
Accumulated deficit	-585,583	-612,222	-632,665	-647,713
Total stockholders' equity	611,676	661,811	622,885	584,335
Total liabilities and stockholders' equity	1,246,347	1,276,277	1,426,701	1,385,413

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

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Balance Sheets

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Balance Sheets

Balance Sheets Overview

Current Ratio93.26%Quick Ratio93.26%Cash Ratio60.86%Debt to Asset Ratio50.92%Unit: Thousand (K) dollarsAssets BreakdownGoodwillCash and cash equivalentsIntangible assets, netOthersLiabilities BreakdownAdditional paid-in capitalAccumulated deficitConvertible notes, current porti...Others

Time Plot

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Balance Sheets

Balance Sheets Overview

Current Ratio93.26%Quick Ratio93.26%Cash Ratio60.86%Debt to Asset Ratio50.92%Unit: Thousand (K) dollarsAssets BreakdownGoodwillCash and cash equivalentsIntangible assets, netOthersLiabilities BreakdownAdditional paid-in capitalAccumulated deficitConvertible notes, current porti...Others

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets