Research / Stocks / QTWO QTWO NYSE CIK 0001410384
Q2 Holdings, Inc. · Services-Prepackaged Software
COVERAGE / STANDARD
Latest filing 4 · Sep 11, 2026
Research state Latest filing analysis is current
Last SEC check Sep 13, 2026
Filing → research 17 min
Data basis Official SEC · no quote feed Component status Filing Evidence Research Current Official SEC filing history is available
Structured Financials Research Current Validated structured financial research is available
Filing Analysis Research Current No filing analysis job is currently running
Fundamental State Research Current Fundamental State depends on validated comparable financial metrics
RESEARCH SNAPSHOT Q2 Holdings, Inc.'s latest supported as-filed period reports revenue of $219.8M ; gross margin moved 566 basis points higher on the same comparison basis. Every value below links to its SEC accession and metric lineage.
Deterministic / evidence backed Key research observations No material rule-based research observation currently meets GrossPattern's Insight value threshold. Current state, direction, and filing evidence remain available below.
Profile-correct / independently verified Company quality vector Separate current dimensions—not a universal score or investment ranking.
Evidence coverage 0 / 9 General Corporate · 2026-06-30
Growth Insufficient History
Direction Unknown
Own history —
Peers 55th
Persistence TRANSIENT Margin Period Incompatible
Direction Unknown
Own history —
Peers 25th
Persistence TRANSIENT Profitability Period Incompatible
Direction Unknown
Own history —
Peers 78th
Persistence TRANSIENT Cash generation Period Incompatible
Direction Unknown
Own history —
Peers 72th
Persistence TRANSIENT Leverage Source Unavailable
Direction Unknown
Own history —
Peers —
Persistence TRANSIENT Capital investment Period Incompatible
Direction Unknown
Own history —
Peers 43th
Persistence TRANSIENT R&D investment Period Incompatible
Direction Unknown
Own history —
Peers 36th
Persistence TRANSIENT Current configuration / point in time Fundamental state A multidimensional view of the latest comparable filing—not a composite score or recommendation.
Capex intensity RAW Current state valid · history insufficient
Method Level · gp.fundamentals.capex_revenue_ratio
Raw value 0.78% · OPTIONAL
Operating cash generation RAW Current state valid · history insufficient
Method Ratio · gp.fundamentals.operating_cash_flow + gp.fundamentals.revenue
Raw value 27.60% · OPTIONAL
Revenue growth RAW Current state valid · history insufficient
Method Yoy · gp.fundamentals.revenue
Raw value 12.61% · CORE
Gross margin RAW Current state valid · history insufficient
Method Level · gp.fundamentals.gross_margin
Raw value 59.25% · CORE
Operating margin RAW Current state valid · history insufficient
Method Level · gp.fundamentals.operating_margin
Raw value 13.35% · CORE
R&D intensity RAW Current state valid · history insufficient
Method Ratio · gp.fundamentals.rnd + gp.fundamentals.revenue
Raw value 18.71% · OPTIONAL
SBC intensity RAW Current state valid · history insufficient
Deterministic multi-period research Company direction Business direction, financial quality, capital allocation, and governance evidence remain separate—never collapsed into a recommendation score.
As filed Jun 30, 2026 General Corporate
Governance Evidence 4 evidence-backed dimensions Filing Amendments None Detected Auditor Changes None Detected Sbc Intensity Observed Insider Activity Observed [email protected] · 8 historical states · 50% confidenceInterpretation boundary Direction describes measurable company fundamentals. Governance reports observable evidence only; it does not grade management character or predict stock returns.
Comparable evidence Peer context Latest available comparable states within 180 days, normalized with robust median/MAD statistics.
Margin
QTWO 59.2
Peer median 72.6
Peer percentile 25th 131 valid peers · 83% coverage · -1.0 robust σ Profitability
QTWO 13.4
Peer median -1.8
Peer percentile 78th 148 valid peers · 94% coverage · +0.7 robust σ Cash Generation
QTWO 27.6
Peer median 16.4
Peer percentile 72th 143 valid peers · 91% coverage · +0.5 robust σ R And D Intensity
QTWO 18.7
Peer median 21.6
Peer percentile 36th 131 valid peers · 83% coverage · -0.2 robust σ Sbc Intensity
QTWO 9.4
Peer median 10.9
Peer percentile 41th 142 valid peers · 90% coverage · -0.2 robust σ Capex Intensity
QTWO 0.8
Peer median 1.0
Peer percentile 43th 124 valid peers · 79% coverage · -0.2 robust σ Open group breadth → Divergence is context, not positive or negative. INSIDER STATE / 90D Recent disclosed activity
Open-market purchases 0
Sales 0
Distinct buyers 0
Repeat buyer NO Conservative Form 4 classification · not a sentiment label Flagship analysis / V3 What changed? The most important deterministic changes, ranked by magnitude, issuer history, persistence, and accounting profile.
Current 10-Q 0001410384-26-000053 27 governed changes · top 7 shown
Operating Leverage Improvement Operating leverage improved This cluster groups 3 independently calculated changes: Revenue increased 12.6%; Operating margin moved 831 bp higher; Operating income increased 198.2%.
3 evidence-backed components Capex Acceleration Capital spending accelerated This cluster groups 2 independently calculated changes: Capital expenditure increased 30.1%; Capex / revenue moved 10 bp higher.
2 evidence-backed components 01
HIGH IMPORTANCE Cash 100TH HISTORICAL PCTL · N=4
Cash & equivalents decreased 75.9% Cash & equivalents changed -75.9% from the comparable as-filed period. The change ranks at the 100th percentile of 4 prior comparable changes.
Why this ranks high
Magnitude 25
Metric Family 14
Denominator Penalty 0
Historical Unusualness 25
Persistence Or Reversal 2
Significance Percent Of Revenue 143.0427957136031670193160876
Financial Statement Significance 10
Lowest Level true
Sample Count 4
Highest Level false
Largest Decline true
Largest Increase false
Reversal After Periods 0
Consecutive Direction Periods 2 [email protected] · [email protected] As-filed financials Financial trajectory Each point keeps the date investors could first observe it and its accession.
As filed Current normalized · later
Capex / revenue 0.78% -74.6% ↓ Capital expenditure $1.7M -74.2% ↓ Cash & equivalents $99.9M +0.0% ↑ Deposits $0 -100.0% ↓ Free-cash-flow proxy $59.0M +18.6% ↑ Gross margin 59.25% +0.0% ↑ Net income $29.9M +12.1% ↑ Operating cash flow $60.7M +7.7% ↑
ACTIVE TRACE Revenue QTWO · as filed with the SEC · reported-date aware
Capex / revenue Q2 / 2026-06-30 0.78% -74.6% sequential point Trace ↗ Evidence inspector
Loading lineage… × Capital expenditure Q2 / 2026-06-30 $1.7M -74.2% sequential point Trace ↗ Evidence inspector
Loading lineage… × Cash & equivalents Q2 / 2026-06-30 $99.9M +0.0% sequential point Trace ↗ Evidence inspector
Loading lineage… × Deposits FY / 2016-12-31 $0 -100.0% sequential point Trace ↗ Evidence inspector
Loading lineage… × Free-cash-flow proxy Q2 / 2026-06-30 $59.0M +18.6% sequential point Trace ↗ Evidence inspector
Loading lineage… × Gross margin Q2 / 2026-06-30 59.25% +0.0% sequential point Trace ↗ Evidence inspector
Loading lineage… × Net income Q2 / 2026-06-30 $29.9M +12.1% sequential point Trace ↗ Evidence inspector
Loading lineage… × Operating cash flow Q2 / 2026-06-30 $60.7M +7.7% sequential point Trace ↗ Evidence inspector
Loading lineage… × Operating margin Q2 / 2026-06-30 13.35% +0.0% sequential point Trace ↗ Evidence inspector
Loading lineage… × Research & development Q2 / 2026-06-30 $41.1M -1.8% sequential point Trace ↗ Evidence inspector
Loading lineage… × Revenue Q2 / 2026-06-30 $219.8M +1.5% sequential point Trace ↗ Evidence inspector
Loading lineage… × Stock-based compensation Q2 / 2026-06-30 $20.6M +1.4% sequential point Trace ↗ Evidence inspector
Loading lineage… × Primary evidence Filing timeline Direct SEC links, filing dates, report periods, and amendment flags.
4 Sep 11, 2026 Period Sep 11, 2026 0001938943-26-000010SEC ↗ 4 Aug 14, 2026 Period Aug 13, 2026 0001806954-26-000009SEC ↗ 4 Aug 12, 2026 Period Aug 10, 2026 0001719016-26-000008SEC ↗ 10-Q Jul 29, 2026 Period Jun 30, 2026 0001410384-26-000053SEC ↗ 8-K Jul 29, 2026 Period Jul 29, 2026 0001410384-26-000051SEC ↗ 4 Jun 12, 2026 Period Jun 10, 2026 0001463574-26-000003SEC ↗ 4 Jun 12, 2026 Period Jun 10, 2026 0001860770-26-000002SEC ↗ Form 4 Insider activity Transaction semantics distinguish purchases, sales, awards, exercises, withholding, and derivatives.
“Insider purchase” rule Code P · non-derivative · acquired · direct ownership · positive price and shares · not amended
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