OverviewSuggest Edit

Q2 Software is a company that offers secure electronic banking, payment, and security solutions to community financial institutions. It provides integration between the web, voice, mobile, and tablet banking channels, and supports cross-channel multi-factor authentication, as well as open vendor integration with the financial institution’s other third-party applications.

TypePublic
Founded2004
HQAustin, TX, US
Websiteq2.com
Employee Ratings3.8
Overall CultureC-

Latest Updates

Employees (est.) (Dec 2020)1,749(+12%)
Job Openings119
Revenue (FY, 2020)$402.8 M(+28%)
Share Price (Sept 2021)$84
Cybersecurity ratingAMore

Key People/Management at Q2 Software

Matt Flake

Matt Flake

Chief Executive Officer & President
David Mehok

David Mehok

Chief Financial Officer
John Breeden

John Breeden

Chief Operating Officer
Carlos Carvajal

Carlos Carvajal

Chief Marketing Officer
Adam Blue

Adam Blue

Chief Technology Officer
Will Furrer

Will Furrer

Chief Strategy Officer
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Q2 Software Office Locations

Q2 Software has offices in Austin, Asheville, Cary, Charlotte and in 6 other locations
Austin, TX, US (HQ)
13785 Research Blvd
Asheville, NC, US
21 Battery Park Ave Ste 203
Austin, TX, US
10124 Lake Creek Pkwy
Cary, NC, US
1255 Crescent Green, Suite 250
Charlotte, NC, US
4201 Congress Street, Suite 200
Des Moines, IA, US
801 Grand, 801 Grand Ave
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Q2 Software Financials and Metrics

Q2 Software Revenue

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Q2 Software's revenue was reported to be $402.75 m in FY, 2020 which is a 27.7% increase from the previous period.
USD

Revenue (Q2, 2021)

123.6m

Gross profit (Q2, 2021)

55.3m

Gross profit margin (Q2, 2021), %

44.8%

Net income (Q2, 2021)

(30.1m)

EBIT (Q2, 2021)

(19.9m)

Market capitalization (14-Sept-2021)

4.7b

Closing stock price (14-Sept-2021)

84.0

Cash (30-Jun-2021)

317.9m

EV

5.0b
Q2 Software's current market capitalization is $4.7 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

241.1m315.5m402.8m

Revenue growth, %

31%28%

Cost of goods sold

121.9m162.5m228.2m

Gross profit

119.2m153.0m174.6m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

54.8m58.6m60.5m71.3m77.6m79.7m92.4m97.6m103.8m116.5m123.6m

Cost of goods sold

27.0m29.3m30.1m37.2m40.1m40.4m53.1m53.2m57.4m63.3m68.2m

Gross profit

27.8m29.3m30.4m34.1m37.6m39.3m39.3m44.4m46.4m53.2m55.3m

Gross profit Margin, %

51%50%50%48%48%49%43%45%45%46%45%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

108.3m100.1m407.7m

Accounts Receivable

19.7m22.4m36.4m

Prepaid Expenses

4.0m6.4m8.9m

Current Assets

218.3m186.3m616.2m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

(35.4m)(70.9m)(137.6m)

Depreciation and Amortization

16.8m28.5m51.8m

Accounts Payable

(263.0k)1.1m(2.3m)

Cash From Operating Activities

4.6m567.0k(2.9m)
Quarterly
USDQ1, 2018

Debt/Equity

1.1 x

Debt/Assets

0.4 x

Financial Leverage

2.7 x
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Q2 Software Operating Metrics

Q2 Software's Registered Users was reported to be 17.8 m in FY, 2020. Q2 Software's Enterprise Customers was reported to be 450 in FY, 2020.
FY, 2018FY, 2019FY, 2020

Customer Transactions

762 b996 b1.4 t

Enterprise Customers

401414450

Patents (US)

234

Registered Users

12.8 m14.6 m17.8 m
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Q2 Software Acquisitions / Subsidiaries

Company NameDateDeal Size
PrecisionLenderOctober 01, 2019$510 m
Gro SolutionsDecember 03, 2018
Cloud LendingAugust 08, 2018$125.1 m
UnbillJune 13, 2017
Social MoneyDecember 01, 2015$10.6 m
CentrixAugust 05, 2015$20 m
Cloud Lending Australia Pty. Ltd.
Cloud Lending U.K. Ltd.
Lender Performance Group I, LLC
Lender Performance Group, LLC
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Q2 Software Revenue Breakdown

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Q2 Software revenue breakdown by business segment: 71.3% from Subscription, 13.8% from Transactional and 14.9% from Services and Other

Human Capital Metrics

Source: www.sec.gov
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Q2 Software Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

SecurityScorecard logo

Q2 Software Online and Social Media Presence

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Q2 Software Company Culture

  • Overall Culture

    C-

    69/100

  • CEO Rating

    A+

    85/100

  • Compensation

    C

    71/100

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Q2 Software News and Updates

Q2 Holdings Inc (QTWO) President and CEO Matthew P Flake Sold $2.5 million of Shares

President and CEO of Q2 Holdings Inc (30-Year Financial, Insider Trades) Matthew P Flake (insider trades) sold 18,750 shares of QTWO on 02/22/2021 at an average price of $135.16 a share. The total sale was $2.5 million.

Q2 Holdings Inc. (QTWO) Plunges 6.39% on February 25

Q2 Holdings Inc. (QTWO) had a rough trading day for Thursday February 25 as shares tumbled 6.39%, or a loss of $-8.35 per share, to close at $122.31. After opening the day at $129.84, shares of Q2 Holdings Inc. traded as high as $130.43 and as low as $121.51. Volume was 729,537 shares over 11,323 tr…

Q2 Holdings, Inc. Announces Fourth Quarter and Full-Year 2020 Financial Results

Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital transformation solutions for banking and lending, today announced results for its fourth quarter and full year ending December 31, 2020.

Q2 Holdings, Inc. to Attend Upcoming Conferences During First Quarter 2021

Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for banking and lending, will attend the following conferences during the first quarter of 2021:

Q2 Holdings Inc. (QTWO) Soars 2.56% on February 04

Q2 Holdings Inc. (QTWO) had a good day on the market for Thursday February 04 as shares jumped 2.56% to close at $138.24. About 251,039 shares traded hands on 5,706 trades for the day, compared with an average daily volume of n/a shares out of a total float of 53.88 million. After opening the tradin…

Austin FC and Q2 Announce Historic Stadium Naming Rights Partnership

Austin FC, the 27th club in Major League Soccer (MLS), announced today it has entered into a landmark, multiyear stadium naming rights partnership with Q2 Holdings, Inc. (NYSE: QTWO), an Austin-based leading provider of digital transformation solutions for banking and lending, for their state-of-the…
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Q2 Software Blogs

Announcing Q2’s Human-Digital Experience (Q2 HDX): Powerful new integration via Salesforce AppExchange

The migration of transactions from branches to digital channels has left financial institutions (FIs) in need of new ways to. The post Announcing Q2’s Human-Digital Experience (Q2 HDX): Powerful new integration via Salesforce AppExchange appeared first on Q2ebanking.

Transforming commercial lending with data-driven innovation

You may have heard that PrecisionLender is now a Q2 company. What you may not have heard is just how. The post Transforming commercial lending with data-driven innovation appeared first on Q2ebanking.

WeatherTech Pit Crew: Thoughts on National Cyber Security Awareness Month

Over the past few weeks, we’ve been discussing multi-layered security and how it helps protect your brand and your account. The post WeatherTech Pit Crew: Thoughts on National Cyber Security Awareness Month appeared first on Q2ebanking.

Zero Trust – What is it?

Last week I blogged on our multi-layered security approach. This approach keeps your customer experience safe while protecting against brand. The post Zero Trust – What is it? appeared first on Q2ebanking.

Hide the Cookies?

Last week I wrote about Q2’s multi-layered security approach. This approach keeps your customers safe while protecting against brand fraud.. The post Hide the Cookies? appeared first on Q2ebanking.

Do You Like to Phish?

Welcome to 2019 Cyber Security Awareness Month. Q2 is an NCSA Cyber Security Champion. As Q2’s Chief Security Officer, this. The post Do You Like to Phish? appeared first on Q2ebanking.
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Q2 Software Frequently Asked Questions

  • When was Q2 Software founded?

    Q2 Software was founded in 2004.

  • Who are Q2 Software key executives?

    Q2 Software's key executives are Matt Flake, David Mehok and John Breeden.

  • How many employees does Q2 Software have?

    Q2 Software has 1,749 employees.

  • What is Q2 Software revenue?

    Latest Q2 Software annual revenue is $402.8 m.

  • What is Q2 Software revenue per employee?

    Latest Q2 Software revenue per employee is $230.3 k.

  • Who are Q2 Software competitors?

    Competitors of Q2 Software include KAL, Comviva Technologies and Moody's Analytics.

  • Where is Q2 Software headquarters?

    Q2 Software headquarters is located at 13785 Research Blvd, Austin.

  • Where are Q2 Software offices?

    Q2 Software has offices in Austin, Asheville, Cary, Charlotte and in 6 other locations.

  • How many offices does Q2 Software have?

    Q2 Software has 11 offices.