QTWO at a glance
Q2 Holdings, Inc. (QTWO, SEC CIK 1410384) filed its latest 10-K annual report on February 11, 2026, a 10-Q quarterly report on July 29, 2026, an 8-K current report on July 29, 2026 and Form 4 insider filings as recently as September 11, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Q2 Holdings, Inc. (QTWO) reported revenue of $794.8 million (up 14.1% from FY2024) and net income of $52.0 million. Diluted EPS was $0.80.
- As of June 30, 2026, 35 institutional investment managers tracked by SignalX reported holding Q2 Holdings, Inc. (QTWO) shares worth $1.5 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Kerr Michael S on September 11, 2026 of 636 shares at $60.96 per share.
- In the last 90 days, QTWO insiders reported 0 open-market purchases ($0) and 3 open-market sales ($5.7M) on Form 4, a net sale of $5.7M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $794.8M
- +14.1% vs prior year
- Insiders · 90 days
- 0 buys · 3 sells
- Net −$5.7M
- 13F holders
- 35 funds
- $1.5B · +1 vs prior quarter
- Latest 8-K
- Jul 29, 2026
- Item 2.02 · Item 8.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Cloud-based, unified SaaS platform providing digital banking, lending, risk/fraud, and embedded finance solutions to financial institutions and FinTechs
- Emphasized new segments: Expanded portfolio to include Q2 Innovation Studio for API/SDK customization and Helix, a cloud-native core/BaaS platform for FinTechs and banks
- Strategic shift: Broader market focus beyond regional banks to include large banks, FinTechs, Alt-FIs; platform extensibility and integration prioritized to support ecosystem partnerships
- Quantitative highlight: 1,200+ financial institution customers, 27.3 million digital platform account holders, $4.0 trillion in transactions in 2025; $23.0 billion estimated total addressable market
- Noteworthy fact: Customers’ contracted revenue on digital banking platform grows approximately 61% within 48 months post-implementation, illustrating strong platform monetization and adoption
Risk Factors
- Cybersecurity risks from third-party providers critical to operations, overseen quarterly by RACC with updates from CISO and CRO
- Dependency on Chief Risk Officer with 10+ years risk management and Chief Information Security Officer with 20+ years experience for risk oversight
- Incident response escalation procedures essential for mitigating cybersecurity breaches requiring senior management and RACC involvement
- Extensive reliance on external consultants and auditors to evaluate and strengthen information security program continuously
- No specific regulatory, geopolitical, competitive, or financial risks detailed in this section
Management Discussion & Analysis
- Revenue $794.8M, up 14.1% YoY (+$98.3M) driven by $95.0M increase in subscription revenue
- Operating margins improved; cost of revenues 45.9% of sales vs 49.1% in 2024, sales & marketing 13.3% vs 15.2%
- Best segment: subscription revenue growth 17% in 2025 vs 16% prior year; worst: amortization of acquired intangibles down 99.5% (-$16.9M)
- Operating cash flow $201.5M up from $135.8M; capex and capitalized software $28.1M; share repurchases $5.0M; 2025 Notes repaid $191.0M
- Management expects continuing revenue growth and margin improvement long-term despite increased investments; risks include market conditions and timing of implementations
AI summary of the QTWO 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Registered Users 27.8M vs 26.2M YoY
- Subscription ARR $825.5M vs $716.0M YoY
- Total ARR $970.8M vs $860.6M YoY; ongoing investment in technology, sales, and customer support
Risk Factors
- Share repurchases totaled 502,055 shares at an average $45.67
- Repurchase Program authorized up to $150.0 million of common stock
- Rule 10b5-1 plan modified to cover potential sales of up to 71,045 shares
- No defaults upon senior securities or unregistered securities sales disclosed
AI summary of the QTWO 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Q2 Holdings reported fiscal Q2 2026 results for the quarter ended June 30, 2026
- Results press release issued July 29, 2026
Item 8.01: Other Events
- $350 million additional authorization for common-stock repurchases
- Buybacks may use open-market, private transactions, accelerated repurchases, block trades, or Rule 10b5-1 plans
Item 5.07: Submission of Matters to a Vote of Security Holders
- 92.5% shareholder participation, with 57,909,889 shares represented at the June 10 annual meeting
- All seven director nominees elected to one-year terms, supporting board continuity
Item 2.02: Results of Operations and Financial Condition
- Q2 Holdings reported first-quarter fiscal 2026 results for the period ended March 31, 2026
- Results press release issued April 29, 2026 and furnished as Exhibit 99.1
Item EX-99.1: Item EX-99.1
- Q1 revenue $216.5M, up 14% YoY; subscription revenue reached $179.9M, supporting recurring-growth visibility
- GAAP net income $26.6M versus $4.8M; adjusted EBITDA $60.0M with margin expanding to 27.7% from 21.5%
AI summaries of QTWO 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for QTWO
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Kerr Michael S | Sell | Sep 11, 2026 | 636 | $60.96 |
| Price Jonathan | Sell | Aug 13, 2026 | 77,180 | $65.71 |
| Rutledge Kimberly Anne | Sell | Aug 10, 2026 | 10,000 | $63.07 |
| Coleman Kirk L | Sell | Jun 10, 2026 | 3,603 | $43.48 |
| Atchison Rebecca Lynn | A | Jun 10, 2026 | 4,741 | - |
| Tyson Lynn Antipas | A | Jun 10, 2026 | 4,741 | - |
| Offerdahl James | A | Jun 10, 2026 | 4,741 | - |
| Mintz Andre L | A | Jun 10, 2026 | 4,741 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $696.5M | $794.8M |
| Gross Profit | - | $354.5M | $429.7M |
| Operating Income | - | -$42.3M | $39.9M |
| Net Income | - | -$38.5M | $52.0M |
| Gross Margin | - | 50.9% | 54.1% |
| Op. Margin | - | -6.1% | 5.0% |
| Net Margin | - | -5.5% | 6.5% |
| Balance Sheet | |||
| Total Assets | $1.2B | $1.3B | $1.3B |
| Equity | $448.5M | $517.8M | $661.8M |
| ROE | - | -7.4% | 7.9% |
| Per Share | |||
| EPS | - | $-0.64 | $0.80 |
| Cash Flow | |||
| Operating CF | - | $135.8M | $201.5M |
| CapEx | - | $6.7M | $6.8M |
Source: XBRL data in Q2 Holdings, Inc. (QTWO)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate QTWO share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 35 | $1.55B |
| Q1 2026 | 34 | $1.44B |
| Q4 2025 | 30 | $1.98B |
| Q3 2025 | 30 | $2.05B |
| Q2 2025 | 29 | $2.41B |
| Q1 2025 | 26 | $1.55B |
| Q4 2024 | 21 | $1.61B |
| Q3 2024 | 19 | $588.9M |
- Millennium Management+1.00M (+124%)
- Goldman Sachs Group+594.5K (+86%)
- BlackRock+395.7K (+4%)
- Two Sigma Investments+164.4K (+16%)
- State Street Corp+134.4K (+5%)
- JPMorgan Chase & Co−313.8K (-54%)
- Ameriprise Financial−297.4K (-47%)
- Morgan Stanley−162.9K (-25%)
- Renaissance Technologies LLC−67.7K (-32%)
- D.E. Shaw & Co−44.2K (-9%)
- Allstate+21.5K
- Blackstone Group+13.5K
- Citadel Advisors LLC−256.3K
Source: 13F-HR filings on SEC EDGAR (aggregated from 224 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
QTWO filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 11, 2026 | - | - | - |
| 4 | Aug 14, 2026 | - | - | - |
| 4 | Aug 12, 2026 | - | - | - |
| 8-K | Jul 29, 2026 | - | Analysis | - |
| 10-Q | Jul 29, 2026 | Jun 30, 2026 | Analysis | |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
| 8-K | Jun 12, 2026 | - | Analysis | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 3, 2026 | - | - | |
| 4 | May 14, 2026 | - | - | |
| SC 13G | Apr 30, 2026 | - | - | |
| 10-Q | Apr 29, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | Apr 29, 2026 | - | Analysis | - |
| SC 13G | Apr 29, 2026 | - | - | |
| 4 | Mar 13, 2026 | - | - | - |
| 4 | Mar 13, 2026 | - | - | - |
| 4 | Mar 13, 2026 | - | - | - |
| 4 | Mar 13, 2026 | - | - | - |
| 4 | Mar 13, 2026 | - | - | - |
| 4 | Mar 13, 2026 | - | - | - |
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QTWO SEC filings: frequently asked questions
Are QTWO insiders buying or selling?
In the last 90 days, Q2 Holdings, Inc. (QTWO) officers, directors and 10% owners reported no open-market purchases and 3 open-market sales worth $5.7 million by 3 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold QTWO stock?
As of June 30, 2026, the largest Q2 Holdings, Inc. (QTWO) holders among the 13F filers tracked by SignalX were BlackRock ($501.8 million), Vanguard Portfolio Management LLC ($239.1 million), Vanguard Capital Management LLC ($130.7 million), State Street Corp ($126.5 million), Millennium Management ($86.9 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was QTWO's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Q2 Holdings, Inc. (QTWO) reported revenue of $794.8 million (up 14.1% from FY2024) and net income of $52.0 million. Diluted EPS was $0.80. The figures come from the XBRL data in the 10-K.
What are the main risks in QTWO's latest 10-K?
In the 10-K filed February 11, 2026, Q2 Holdings, Inc. (QTWO) flagged: Cybersecurity risks from third-party providers critical to operations, overseen quarterly by RACC with updates from CISO and CRO. Dependency on Chief Risk Officer with 10+ years risk management and Chief Information Security Officer with 20+ years experience for risk oversight. (AI summary of the Risk Factors section.)
What did QTWO report in its latest 8-K?
Q2 Holdings, Inc. (QTWO) filed an 8-K on July 29, 2026 reporting Item 2.02 (Results of Operations and Financial Condition) and Item 8.01 (Other Events). Q2 Holdings reported fiscal Q2 2026 results for the quarter ended June 30, 2026.
What are the latest QTWO SEC filings?
Q2 Holdings, Inc. (QTWO) filed its latest 10-K annual report on February 11, 2026, a 10-Q quarterly report on July 29, 2026, an 8-K current report on July 29, 2026 and a Form 4 insider filing on September 11, 2026.
What is QTWO's SEC CIK number?
Q2 Holdings, Inc. (QTWO)'s SEC Central Index Key (CIK) is 1410384. EDGAR lists every QTWO filing under that number.
Ask anything about QTWO
The research agent reads QTWO's filings, financials, insider trades and 13F holders, then answers with sources.