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Stock impact report

Q2 Holdings, Inc. Announces Third Quarter 2024 Financial Results

Q2 Holdings, Inc. (QTWO) 
Last q2 holdings, inc. earnings: 2/19 04:30 pm Check Earnings Report
Company Research Source: Business Wire
AUSTIN, Texas--(BUSINESS WIRE)--Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for financial services, today announced results for its third quarter ending September 30, 2024.GAAP Results for the Third Quarter 2024Revenue for the third quarter of $175.0 million, up 13 percent year-over-year and up 1 percent from the second quarter of 2024.GAAP gross margin for the third quarter of 50.9 percent, up from 47.8 percent in the prior-year quarter and 50.2 percent in the second quarter of 2024.GAAP net loss for the third quarter of $11.8 million compared to GAAP net loss of $23.2 million for the prior-year quarter and GAAP net loss of $13.1 million for the second quarter of 2024.Non-GAAP Results for the Third Quarter 2024Non-GAAP revenue for the third quarter of $175.0 million, up 13 percent year-over-year and up 1 percent from the second quarter of 2024.Non-GAAP gross margin for the third quarter of 56.0 percent, up from 53.9 percent for the prior Show less Read more
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