QTWO: the balance sheet

MyFinsight

For the year ending 2025-12-31, QTWO has $1,276,277K in assets. $614,466K in debts. $367,631K in cash and cash equivalents.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Balance Sheets	2025-12-31
Cash and cash equivalents	367,631
Restricted cash	1,672
Investments	65,064
Accounts receivable, net	51,716
Contract assets, current portion, net	8,596
Prepaid expenses and other current assets	28,234
Deferred solution and other costs, current portion	22,631
Deferred implementation costs, current portion	10,508
Total current assets	556,052
Property and equipment, net	27,783
Right of use assets	27,188
Deferred solution and other costs, net of current portion	27,827
Deferred implementation costs, net of current portion	28,929
Intangible assets, net	78,377
Goodwill	512,869
Contract assets, net of current portion and allowance	14,103
Other long-term assets	3,149
Total assets	1,276,277

Accounts payable	20,473
Accrued liabilities	24,572
Accrued compensation	31,754
Convertible notes, current portion	303,368
Deferred revenues, current portion	155,003
Lease liabilities, current portion	8,915
Total current liabilities	544,085
Convertible notes, net of current portion	0
Deferred revenues, net of current portion	26,826
Lease liabilities, net of current portion	33,832
Other long-term liabilities	9,723
Total liabilities	614,466
Common stock 0.0001 par value 150,000 shares authorized, 62,741 shares issued and outstanding as of december 31, 2025, and 60,728 shares issued and outstanding as of december 31, 2024	6
Additional paid-in capital	1,275,980
Accumulated other comprehensive loss	-1,953
Accumulated deficit	-612,222
Total stockholders' equity	661,811
Total liabilities and stockholders' equity	1,276,277

Unit: Thousand (K) dollars