For the quarter ending 2026-03-31, QTWO had -$24,914K decrease in cash & cash equivalents over the period. $49,724K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 26,639 | 20,443 | 15,048 | 16,517 |
| Amortization of deferred implementation, solution and other costs | 7,748 | 8,103 | 7,417 | 14,566 |
| Depreciation and amortization | 11,743 | 12,536 | 13,613 | 27,275 |
| Amortization of debt issuance costs | 360 | 483 | 542 | 1,086 |
| Amortization of premiums and discounts on investments | 42 | 164 | 99 | 835 |
| Stock-based compensation expense | 20,265 | 20,182 | 23,257 | 43,510 |
| Deferred income taxes | 343 | 2,133 | 406 | -1,303 |
| Gain on extinguishment of debt | - | 0 | - | - |
| Lease restructuring and impairments | 161 | -146 | 49 | 54 |
| Other non-cash items | -100 | -160 | -444 | -92 |
| Accounts receivable, net | 22,775 | -18,029 | 9,757 | 18,208 |
| Prepaid expenses and other current assets | -6,125 | 7,829 | -1,250 | -3,235 |
| Deferred solution and other costs | 12,507 | -2,348 | 5,316 | 6,782 |
| Deferred implementation costs | 6,366 | 4,145 | 4,802 | 9,211 |
| Contract assets, net | -205 | 4,102 | -733 | 1,958 |
| Other long-term assets | -92 | -906 | -883 | -3,457 |
| Accounts payable | -7,880 | 9,990 | 2,835 | -4,244 |
| Accrued liabilities | -10,964 | 3,992 | 6,459 | -8,600 |
| Deferred revenues | 45,492 | -17,104 | -5,790 | 39,734 |
| Deferred rent and other long-term liabilities | -2,418 | -2,119 | -1,579 | -6,213 |
| Net cash provided by operating activities | 56,321 | 63,696 | 45,593 | 92,172 |
| Purchases of investments | 0 | 2,600 | 25,335 | 66,168 |
| Maturities of investments | 28,487 | 34,018 | 46,955 | 37,195 |
| Purchases of property and equipment | 6,597 | 1,998 | 2,717 | 2,095 |
| Capitalized software development costs | 5,514 | 5,108 | 5,626 | 10,549 |
| Net cash provided by (used in) investing activities | 16,376 | 24,312 | 13,277 | -41,617 |
| Repurchases of common shares | 97,153 | 5,000 | - | - |
| Payment for maturity of convertible notes | - | 191,000 | - | - |
| Payment for repurchases of convertible notes | - | 0 | - | - |
| Proceeds from capped calls related to convertible notes | - | 0 | - | - |
| Debt issuance costs related to revolving credit agreement | - | 0 | 0 | - |
| Proceeds from exercise of stock options and espp | 0 | 2,810 | 0 | 4,218 |
| Net cash provided by (used in) financing activities | -97,153 | -193,190 | 0 | 4,218 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | -458 | -47 | -355 | 451 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | -24,914 | -105,229 | 58,515 | 55,224 |
| Cash, cash equivalents and restricted cash, beginning of period | 369,303 | 474,532 | 360,793 | - |
| Cash, cash equivalents and restricted cash, end of period | 344,389 | 369,303 | 474,532 | - |
Q2 Holdings, Inc. (QTWO)
Q2 Holdings, Inc. (QTWO)